Quote:
Originally Posted by RougeUnderoos
Plain and simple, this can't be true.
What are they going to do, have have a freight train deliver cash to Wall Street Station?
I don't know how this kind of thing works, but I know there is more to it than just printing money and passing it around.
|
In 1999 the IMF used 9 armored vehicles in the middle of the night to transport over $90 billion USD from the Argentina stock market in Buenos Aires to New York...Happened when the Argentinean economy collapsed. I know that's a different set of circumstances for a variety of reasons, but the US kinda makes it's own rules.
In terms of where the money actually comes from, obviously this money is not fiat...It's electronic. 'Making' it is as easy as typing into a computer. The idea that the US can just put as much money into the market as need be and not worry about inflation is what is so interesting. It comes from the idea that they can control the value of their currency compared to others through coupling it to things like oil, gold (although not really) and other commodities. I guess they figure as long as the world uses USD, they have a reason to be at the top. There's plenty of reason to think the US is trying to devalue their currency right now (mostly due to the Chinese owned US reserve notes).