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Creative Speculation

hack89

(39,181 posts)

2. Lets use Zimbabwe as our example - that's basically what they tried to do.

Reply to CJCRANE (Original post)

Wed Jun 17, 2015, 04:04 PM

Jun 2015

hyperinflation and the resultant destruction of every American's wealth would be the most likely outcome. I don't think all those American's will be that happy.

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Why can't the treasury just mint [View all] CJCRANE Jun 2015 OP

Know anyone on a fixed income that lived through the late 1970s, early 1980s? Hoyt Jun 2015 #1

Lets use Zimbabwe as our example - that's basically what they tried to do. hack89 Jun 2015 #2

Since DU claims the top 1% of 1% own most of the wealth, what would be the downside? n/t OnlinePoker Jun 2015 #3

But we're told that's why we can't have nice things... CJCRANE Jun 2015 #4

So? hack89 Jun 2015 #5

Where does the money go? CJCRANE Jun 2015 #6

What money are you talking about? nt hack89 Jun 2015 #7

The money that goes to pay the debt. CJCRANE Jun 2015 #8

It goes to people like me - anyone that buys US Treasury Bonds hack89 Jun 2015 #9

the government borrows money from the fed at interest instead of minting and valuating it itself. wildbilln864 Jun 2015 #10

Note that wasn't always the case, the Government has issued currency directly PoliticAverse Sep 2015 #11

Yes indeed and that's how it should be done today! n/t wildbilln864 Sep 2015 #12