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| You're talking about coinage vs paper money...your right the treasury is the only one that can create true currency. However, we've also allowed the fed to create fictitious money through naked calls called paper $s. This is where the problem is because we are spending it like its coinage.
Doesn't matter what you call it however, when the economy is built upon a false promise eventually the piper will call. Then you find out your 10,000/acre farm land is worth 500/acre because it's falsely been inflated by 95% naked currency calls over the last 100 years.
Realistically that probably won't happen, but somewhere between 100% and 5% is still a scary number. | |
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huge jump in US national debt
