Quote:
Originally Posted by NizmerThafen
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They AREN'T worth the money they are printed on. The Fed (federal reserve fake bank) is buying up the MAJORITY of all Govt. "debt" because no one wants to buy that crap. The Fed buying up the bonds with their FAKE money indicates the bonds are Worthless.
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full faith and credit. can't ignore that. by creating a demand the fed creates a value. is it intangible, yes, but the tangibility of the currency isn't the issue. the value of it based on supply and demand is. if the u.s. can't cover its debt (for whatever reason) then the currency loses value and will be seen as not a decent means to trade oil with (also creates the demand). we have a currency based on nothing yet has value, there's something genius in that.