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roamer65

(36,745 posts)

11. The Federal Reserve isn't even shackled by the printing press anymore.

Reply to Doodley (Reply #5)

Sun May 17, 2020, 04:08 PM

May 2020

All they do is type the amounts they desire on a keyboard and presto...new created “money”.

The only thing that now shackles the Fed is the fear of hyperinflation.

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11 replies

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Highlight:

Am I wrong in thinking US debt is racing towards 30Trillion with the current stimulus monies added?? [View all] NoMoreRepugs May 2020 OP

We haven't given States their cut yet jimfields33 May 2020 #1

It would in most countries - but hard-currency issuers (like the U.S.) have A LOT of latitude sandensea May 2020 #2

I'd say near $40 trillion in the next five years. roamer65 May 2020 #3

What would you expect when you elect safeinOhio May 2020 #4

They printed the money. Remember who keeps blaming China for quantitative easing? Trump. Doodley May 2020 #5

The Federal Reserve isn't even shackled by the printing press anymore. roamer65 May 2020 #11

that's a very generous estimate AlexSFCA May 2020 #6

Given the rate at which the national debt has been increasing the past couple decades onenote May 2020 #7

Maybe... Newest Reality May 2020 #8

One thing I never have understood about the national debt: Jeebo May 2020 #9

See here: stopbush May 2020 #10