Comments on: Even the Federal Reserve is Broke http://www.thelibertyvoice.com/even-the-federal-reserve-is-broke Fiercely Independent News and Commentary Sat, 16 Feb 2013 17:48:30 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Jay http://www.thelibertyvoice.com/even-the-federal-reserve-is-broke/comment-page-1#comment-26391 Jay Tue, 26 Apr 2011 18:46:04 +0000 http://www.thelibertyvoice.com/?p=8265#comment-26391 The Fed never had any money to begin with. All it has is a computer that changes the digits electronically in the computers of the borrowing banks that it supposedly lends money to each evening. There is not enough paper and ink to even print fiat dollars to represent these electronic digits that people treat as valuable money. If the electricity goes off, and the computers shut down then suddenly money no longer exists. But as long as people believe that these electronic dollars and paper greenbacks are worth something, they will continue to trade them. It really is that simple.

]]> By: Andrew McCleese http://www.thelibertyvoice.com/even-the-federal-reserve-is-broke/comment-page-1#comment-26388 Andrew McCleese Tue, 26 Apr 2011 13:28:37 +0000 http://www.thelibertyvoice.com/?p=8265#comment-26388 Metaphor – if they were a commercial bank.

USD, being debt money, puts us in oxymoron land…

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