Will this solve the national debt?

16 years ago

Well, that's sort of how we got in this mess in the first place. Printing "money" that was not backed with anything of real value.

It would work at my house, though, so send me some please.

kay

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myob

16 years ago

Originally Posted by Kay King

Well, that's sort of how we got in this mess in the first place. Printing "money" that was not backed with anything of real value.

It would work at my house, though, so send me some please.

kay

Here you go. Just print out a few of these just like the government does,
and you'll be set for life.

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ThomM

16 years ago

Originally Posted by annoyedgirl

So we have a huge national debt. What about this idea to solve that problem- The gov. goes to the place where they print money and just print out money to pay all the debts. Print out the money, put it in an envelope and send it to where it's owed. Voila, debt gone. What about that?

When I did it they arrested my ass

(kidding)

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HeySal 16 years ago

It's just a shame that the gov didn't use itself as collateral - what an easy way to get rid of the problem!
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Sleaklight

16 years ago

Here's a break down of just printing money does to the economy:

Printing money causes inflation to rise.
Inflation cause prices to rise.
Rising prices means people can afford to buy less.
People buying less means there will be negative economic growth.
Negative economic growth means...

DEPRESSION!!!!!!

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myob

16 years ago

Originally Posted by Sleaklight

Here's a break down of just printing money does to the economy:

Printing money causes inflation to rise.
Inflation cause prices to rise.
Rising prices means people can afford to buy less.
People buying less means there will be negative economic growth.
Negative economic growth means...

DEPRESSION!!!!!!

You are forgetting that you can also go to jail if you get caught printing money. That could be depressing too.

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Kay King 16 years ago

But the food's free!
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valerieSONORA

16 years ago

This idea would fix the social security, medicare and medicaid problems too. Social security going bankrupt? Need more money for medicaid and medicare? The government can go to that money printing place and print out all the money they want and problem solved easily.

Sounds so simple

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myob 16 years ago

Why aren't you running for President? That's the best solution I have heard from any candidate!
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valerieSONORA

16 years ago

You'd think a politician would have come up with my brilliant idea by now. I need to email Obama and McCain and tell them my idea. No more budget cuts. Now there will be enough money for anything.

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HeySal 16 years ago

I'm not sure what they serve is what you'd really refer to as "food", Kay. But with that and the cheap rent, if they give you a computer to work on it might be worth 90 days in the hole.

I am an optimist (LOL, yeah I said that outloud), and I just figure I'll spend more time prospecting next summer and just dig up my money out of streams instead of depending on the Gov or some corp to cough some up for my own use.
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bendiggs

16 years ago

I think you have not read the posts on you own thread annoyed girl. The reason we do not just print our money to pay off our debt has already been answered. We have to prop our money up on something, It used to be gold, but we now have more currency in circulation that we have gold to fund it. Instead we use some various accounting magic to use our government's inherent value to back our funds. That value is on really short supply any more.

If we print more money we have even less to back it with, with devalues all the currency in circulation. When the is devalued then it costs more to pay off those debts, which requires we print more money and the cycle continues.

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espacecadet

Banned 16 years ago

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Mike Wright

16 years ago

They do it by stealing the investors money.

AIG Falls on Speculation Takeover Will Wipe Out Shareholders
http://www.bloomberg.com/apps/news?p...rTk&refer=home

Hmmm, I seem to recall from way back about all these
wondrous and honorable financial institutions pointing
the finger at a few sharks selling junk bonds :rolleyes:

What goes around comes around ... guess who pays ?

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HeySal

16 years ago

Bendiggs - Um....I think she is just kidding around, LOL.

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myob

16 years ago

Ah come on, bendiggs, live little. How about if we just print out credit cards to pay off our debt? That way, currency would remain in its present circulation, and presto magico - no inflation!

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HeySal

16 years ago

Originally Posted by myob

Ah come on, bendiggs, live little. How about if we just print out credit cards to pay off our debt? That way, currency would remain in its present circulation, and presto magico - no inflation!

Another excellent answer to our debt. I predict we will see the interest mount in this one.

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valerieSONORA

16 years ago

Originally Posted by myob

Ah come on, bendiggs, live little. How about if we just print out credit cards to pay off our debt? That way, currency would remain in its present circulation, and presto magico - no inflation!

Another brilliant idea. I might consider you as my vice president.

Ok, if printing money causes inflation how about making inflation illegal for 5 years after printing it? Would that solve the inflation problem? And why is money backed by gold anyway I don't even know what that means. Nobody buys stuff in gold, nobody goes shopping with gold. People mainly use gold to stick in their ears and on their fingers. Good thing I didn't major in economics, I'd be so lost

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HeySal

16 years ago

Originally Posted by annoyedgirl

Another brilliant idea. I might consider you as my vice president.

Ok, if printing money causes inflation how about making inflation illegal for 5 years after printing it? Would that solve the inflation problem? And why is money backed by gold anyway I don't even know what that means. Nobody buys stuff in gold, nobody goes shopping with gold. People mainly use gold to stick in their ears and on their fingers. Good thing I didn't major in economics, I'd be so lost

Don't worry about gold backed money - we don't have any. Rumors are, we don't have any gold anymore either. Ft Knox got tapped. Now, isn't that simple?

I got automatic gold pans, though - and shovels and sluices. Real cheap!

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talewins

16 years ago

Come to southern Arkansas and hunt for diamonds. A friend of mine has found hundreds of valuable diamonds here. If you're good at panning gold, finding diamonds should be a snap.

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Wakunahum 16 years ago

Printing money to pay off the national debt is like ripping a $20 in half and calling it $40.
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- Zach Booker 16 years ago
  
  Originally Posted by Wakunahum
  
  Printing money to pay off the national debt is like ripping a $20 in half and calling it $40.
  
  That has to be the best saying I have ever heard
  lol brilliant
  Zach
  
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HeySal

16 years ago

Originally Posted by talewins

Come to southern Arkansas and hunt for diamonds. A friend of mine has found hundreds of valuable diamonds here. If you're good at panning gold, finding diamonds should be a snap.

Thank you for the invite - I have been foaming at the mouth to get down to Diamond Crater.
When can I get there and what is the cost to get into the area? Are you offering free coffee and continental breakfast, too?

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espacecadet

Banned 16 years ago

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HeySal

16 years ago

Originally Posted by espacecadet

Sal, not sure, but I think entry costs are around $7 a day but don't quote me on that. I do know you have the choice to either dig in the dirt that the dozer loosened up or buy a five-gallon bucket of dirt for, I think, $5, and oyu can go through that standing under the roof. Either wya, you get to keep what you find in it.

Some people have found some pretty big rough diamonds in that dirt. I've even considered wintering there.

You can dig on your own as well - which is how I like it. IF you go -stop by and pick me up on your way down!

Oh yeah - credit cards? I'll just take my gold dust and trade it in, thanks.

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Sal
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Zach Booker

16 years ago

There must be something wrong with you

Ever heard of Zimbabwe you can go buy a loaf of bread for 1 000 000...
If we print more money the dollars value goes down...
So now that bread will cost a few million.

If the solution was this easy don't you think they wouldve done this already?
Zach

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MaskedMarketer 16 years ago

When the Fed prints more money we have to pay back with interest which creates even more debt. There is no quick fix.
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Lloyd Buchinski

16 years ago

Originally Posted by Zach Booker

If we print more money the dollars value goes down...
So now that bread will cost a few million.

If the solution was this easy don't you think they wouldve done this already?
Zach

Originally Posted by MaskedMarketer

When the Fed prints more money we have to pay back with interest which creates even more debt. There is no quick fix.

But of course both of these little problems were taken care of by
the second brilliant suggestion to come out of this thread: print
credit cards instead of money. And along with the new credit cards,
just pass a law that as long as the numbers aren't worn off them,
you still have credit. That way no one has to carry a wheelbarrow
full of money to buy bread. They can just add zeros to the credit
card statements. I think we've tied everything up really nicely now.

It all just goes to show that even the House, the Senate, and the
OT Forum can all work together.

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MaskedMarketer

16 years ago

Originally Posted by Lloyd Buchinski

But of course both of these little problems were taken care of by
the second brilliant suggestion to come out of this thread: print
credit cards instead of money. And along with the new credit cards,
just pass a law that as long as the numbers aren't worn off them,
you still have credit. That way no one has to carry a wheelbarrow
full of money to buy bread. They can just add zeros to the credit
card statements. I think we've tied everything up really nicely now.

It all just goes to show that even the House, the Senate, and the
OT Forum can all work together.

Doesn't seem like a brilliant idea at all.

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Mal Keenan 16 years ago

So, let me get this straight - the Billions of dollars bailout publicized all over the media today ISN'T gonna save the economy? Noooo!
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Will this solve the national debt?

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