On Mar 13, 9:03=A0am, "Andy F." <never.m...@[EMAIL PROTECTED]
> wrote:
> "Werner" <whetz...@[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 =A0because
> >the Fed is making money.
>
> Treasury bonds aren't money because you can't spend them.Same reason why
t=
he
> mortgage backed securities they're being exchanged for aren't money.
>
You can buy and sell them with money. And at maturity the treasury
must pay with money.
