I have recently noted that US national debt clock is showing contraction of debt (I observe about $50 billion contraction within last 2 weeks or so).
So how that is done?
Is that done by a mere printing of money?
Anyone can help?
TreeFarmer wrote:I don't know about the debt clock but it is very hard to "print" yourself out of anything, in fact about all you can do is "print" yourself into trouble. Every dollar that is printed turns into at least 9 more dollars once it hits the banking system and thus would lead to wholesale inflation.
Have you watched "Money as Debt"? That would answer your question.
TF
nobodypanic wrote:all this fuss over paper.
the 'answer' is as plain as the nose on our faces... jettison the entire concept of money.
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