Andy F. <never.mind@[EMAIL PROTECTED]
> wrote:
> "Werner" <whetzner@[EMAIL PROTECTED]
> wrote in message
>
news:f6fef69f-edbc-4903-b076-a27dea3d1a8a@[EMAIL PROTECTED]
> On Mar 12, 11:43 am, "Andy F." <never.m...@[EMAIL PROTECTED]
> wrote:
> ...
> >
> > That's almost true - apart from the bit about printing money and
> > hyperinflation.What the Fed are actually doing is exchanging Treasury
> > bonds
> > for mortgage- backed securities.This doesn't effect the money supply.
> >
>
>
> >You will have to explain how Treasury bonds are not money or like
> >money and why the price of oil and gold are going up, if not because
> >the Fed is making money.
>
> Treasury bonds aren't money because you can't spend them.Same reason why
the
> mortgage backed securities they're being exchanged for aren't money.
Its either money or credit, take your pick.
--
regards , Peter B. P. http://macplanet.dk
Wa****ngton D.C.: District of Criminals
"I dont drink anymore... of course, i don't drink any less, either!
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