Comments on: The national debt —– Who lent it to us? http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/ Big Printing For Little Companies Sun, 12 Feb 2012 02:59:43 +0000 http://wordpress.org/?v=2.7 hourly 1 By: suthrngal http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/comment-page-1/#comment-991 suthrngal Thu, 11 Feb 2010 03:23:48 +0000 http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/#comment-991 A bunch of private individuals who are capitalizing... The Federal Reserve. Those printing presses never stop running! A bunch of private individuals who are capitalizing… The Federal Reserve. Those printing presses never stop running!

]]> By: Jose http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/comment-page-1/#comment-992 Jose Thu, 11 Feb 2010 03:23:48 +0000 http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/#comment-992 Carter Followed by CLinton now obama. Carter Followed by CLinton now obama.

]]> By: Didier Drogba http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/comment-page-1/#comment-993 Didier Drogba Thu, 11 Feb 2010 03:23:48 +0000 http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/#comment-993 Actually, lately, the government has basically been lending it to itself. That's why the dollar is sinking like a rock in a pond. I hate to say "Ron Paul is right." Really, it's a matter of Ludwig von Mises and F.A. Hayek being right, and Ron Paul stumbling across some of their books. But at least upon stumbling across them, he realized that they were right. Some people say Ron Paul is insane. But the definition of insanity is trying something that has been tried many times before, hoping for a different result. We've tried to spend our way out of economic downturns in the past - and it always fails, at least in the long run. Actually, lately, the government has basically been lending it to itself. That’s why the dollar is sinking like a rock in a pond.

I hate to say "Ron Paul is right." Really, it’s a matter of Ludwig von Mises and F.A. Hayek being right, and Ron Paul stumbling across some of their books. But at least upon stumbling across them, he realized that they were right.

Some people say Ron Paul is insane. But the definition of insanity is trying something that has been tried many times before, hoping for a different result. We’ve tried to spend our way out of economic downturns in the past - and it always fails, at least in the long run.

]]> By: aynav http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/comment-page-1/#comment-994 aynav Thu, 11 Feb 2010 03:23:48 +0000 http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/#comment-994 Get your rice hoe out! Get your rice hoe out!

]]> By: Typical Oregon Person http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/comment-page-1/#comment-995 Typical Oregon Person Thu, 11 Feb 2010 03:23:48 +0000 http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/#comment-995 Nixon but WW2 really started it. Nixon created all the programs Nixon but WW2 really started it. Nixon created all the programs

]]> By: GopObstruction http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/comment-page-1/#comment-996 GopObstruction Thu, 11 Feb 2010 03:23:48 +0000 http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/#comment-996 the current GOP PARTY is run by right wing TV evangelist or Domestic abortion terrorist or Greedy Corp profiteers or kick back bribe GOP Politicians or Shock radio Tv host or War mungering NAzi's and KKK the current GOP PARTY is run by

right wing TV evangelist
or
Domestic abortion terrorist
or
Greedy Corp profiteers
or
kick back bribe GOP Politicians
or
Shock radio Tv host
or
War mungering NAzi’s and KKK

]]> By: DAR http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/comment-page-1/#comment-997 DAR Thu, 11 Feb 2010 03:23:48 +0000 http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/#comment-997 They don't loan out only the $100. Google 'fractional reserve banking.' The bank with $100 that is required to have 10% reserves (as our banks no longer are required to do under the bailout bill in the US) can loan out a thousand dollars keeping that $100 as reserves. As interest comes in they can loan 10 times that interest out and keep the original interest as reserve, etc. They get interest on much more money than they have to loan. And the money is printed. Or added as electronic entries. This is not a joke. This is the dead serious truth. They don’t loan out only the $100. Google ‘fractional reserve banking.’

The bank with $100 that is required to have 10% reserves (as our banks no longer are required to do under the bailout bill in the US) can loan out a thousand dollars keeping that $100 as reserves. As interest comes in they can loan 10 times that interest out and keep the original interest as reserve, etc. They get interest on much more money than they have to loan.

And the money is printed. Or added as electronic entries.

This is not a joke. This is the dead serious truth.

]]> By: Teguci http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/comment-page-1/#comment-998 Teguci Thu, 11 Feb 2010 03:23:48 +0000 http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/#comment-998 1. If you purchase a T-billl or bond today then the government is borrowing from you and agrees to pay you back the amount plus a stipend in so many years. The issuing of those bonds adds to the debt 2. Printing money out of the blue is basically devaluing the dollar - consider a pie divided into 8-pieces. If you cut it into 16 pieces you still have one pie. The same is true with the dollar. Everytime they print money, the value of the dollars in our savings is reduced. This is like a tax on savings. 1. If you purchase a T-billl or bond today then the government is borrowing from you and agrees to pay you back the amount plus a stipend in so many years. The issuing of those bonds adds to the debt
2. Printing money out of the blue is basically devaluing the dollar - consider a pie divided into 8-pieces. If you cut it into 16 pieces you still have one pie. The same is true with the dollar. Everytime they print money, the value of the dollars in our savings is reduced. This is like a tax on savings.

]]> By: Joe http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/comment-page-1/#comment-999 Joe Thu, 11 Feb 2010 03:23:48 +0000 http://dwarfprinting.com/302/the-national-debt-who-lent-it-to-us/#comment-999 The Federal Reserve is the dumbest system ever envisioned. But the sad fact of today is that the economies of dozens of countries are vested in the Fed. Dismantling it would lead to war. The Federal Reserve is the dumbest system ever envisioned. But the sad fact of today is that the economies of dozens of countries are vested in the Fed. Dismantling it would lead to war.

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