On 1/27/2011 8:19 AM, Krypsis wrote:
On 27/01/2011 8:40 AM, Kevin Alfred Strom wrote:
[...]
There's no need for any debt whatever (unless your goal is to
enrich the
bankers).

The government can print a thousand dollar bill just as easily as
it can
print a thousand dollar bond. And the bill creates no debt.


With every good wish,



Kevin Alfred Strom.

You obviously have little understanding of what Fort Knox is for,
apart from the protection of the gold contained therein.

The printing of a thousand dollar bill creates a debt of a thousand
dollars equally as much as the printing of a thousand dollar bond.
It's just that the debt is far too subtle for you to comprehend. It
is, nevertheless, a debt which will need to be repaid at some time
in the future.

Krypsis





Well, I'll just ignore the personal insults, which are irrelevant.

You are wrong: The printing of a thousand dollar bill creates no
debt. Under some circumstances, it could dilute the currency's
overall value by a small percentage. But that is not a debt. And no
interest to the bankers (or any other bondholders) need be paid on it.

There was a time (almost 100 years ago now) when the government had
the power to create money; interest-free money. Now the government
has abandoned that power and granted a monopoly on money creation to
the banking system. All at interest, of course.


With every good wish,


Kevin Alfred Strom.
--
http://nationalvanguard.org/
http://kevinalfredstrom.com/