It wouldve caused massive inflation too sadly. No-bama should've left companies to fail...no point putting a band aid on a bullet wound, cos they're gonna bleed out eventually and you wasted a multi-billion dollar band-aid.
Since 2008 the FED has given European Banks $29 Trillion. So that would be $87,890 for each man, woman, child and old person in the USA. Add in the TANF, TALF, Bailouts and were are talking over $100,000 could have been given to every man woman and child in the USA. Of course inflation would go through the roof nearly 1000% overnight, but what the hell right?
most of it isn't even real, just an illusion.
It's only real cos people believe it is, good show man, most people don't understand the simple concept that money nowadays isn't worth anything. It has no ACTUAL value, it's value is in the fact it can be used to purchase products and services within the US, which some people want to do.
Great analysis.
The whole system is ultimately doomed to fail. In small terms say if the Fed only ever made/printed/whatever $100 dollars. They "loan" this $100 to the Treasury at (for example) a flat 10% interest. When this bond was due to mature the Treasury would have repay $110 back to the Fed. However because there only was ever $100 created this debt is just simply un-payable. That's the problem with the bullshit fiat system, it's the grandest of ponzi schemes... Then they super-charge this problem with fractional reserve banking, don't even get me started on that and it's effect on the fiat system.
