Quote:
Originally Posted by Muta
Where is that $9 trillion figure coming from?
Also, does the Federal Reserve just create money from nothing for the purposes of lending? Or is there a standard to base the money supply against?
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we have a fiat economy, which means money is worth what the goverment says it is and no there is no standard to base it on, this is why we are in so much trouble but, conversely, also why we are so well off.