Rob Roy
Well-Known Member
What if anything is the value which backs the "money" the Federal reserve creates, possesses, brews, formulates or hallucinates into being ? Where does the original value come from ? What is it ?I am fine with government transparency. That does not mean that the Federal Reserve is not audited a lot. Which I doubt you have any real insight into how comprehensive they are unless you got 'insight' from a conspiracy theory video with ominous music, just based off your nonsense about the Fed though, so I could be wrong.
You switched away from talking about the Federal Reserve and now to the government monetary system?
https://www.treasurydirect.gov/indiv/products/prod_tbills_glance.htm
I am guessing mostly peoples checking accounts wiring money to get the treasury bill/bond. If the government are handing out some and willing to take 'thin air' though I would snatch them up if I had the chance.
If the answer is nothing, why do you support a government which "borrows" a bunch of paper backed by nothing and then insists you (a tax serf) are on the hook for making interest payments to the money conjurers? Sounds a little fucky, almost like a scam.
Would you be interested in buying some of my nonexistent backed by nothing debt notes? They have pictures of long dead people that opposed my system on them, like some kind of macabre inside joke....like the Federal Reserve has on their paper notes.