On Mar 13, 4:15=A0pm, "Andy F." <never.m...@[EMAIL PROTECTED]
> wrote:
> "Werner" <whetz...@[EMAIL PROTECTED]
> wrote in message
>
>
news:600c8fc4-bcd4-4df2-8e60-8e6801662ed1@[EMAIL PROTECTED]
> On Mar 13, 9:03 am, "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 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.
>
> >You can buy and sell them with money. And at maturity the treasury
> >must pay with money.
>
> You can buy and sell bananas with money.
>
> At maturity, Treasury bonds are usually 'rolled over'.If the debt was
> actually paid off, they would take some money from a taxpayer and give
it =
to
> the bondholder. Either way it wouldn't increase the money supply.
Try this:
http://www.moneymorning.com/
|
