va1234 Wrote:
Nov 14, 2012 11:05 PM
There is a constant tension between bankers in our fractional reserve banking system and the government. Bankers are seeking to be the ones who create money through loans at interest and they oppose the creation of money by the government for its purposes such as infrastructure and defense. The current debate about a fiscal cliff is an entirely bogus debate. The US government can create as much money, as in dollars as it desires. The only reason we have a debate about how much money the US government creates is because the very rich who have captured an excessive amount of those dollars does not want to see more of them printed as it will reduce the value of all they have captured. That is the basis of the issue, period.