Comments on: Fed Drops ANOTHER $500 Billion, and Nobody Notices http://www.creditwithdrawal.com/wordpress/2008/10/23/fed-drops-another-500-billion-and-nobody-notices/ Helping You Kick the Credit Habit, One Good Idea at a Time Thu, 31 Dec 2009 04:56:04 -0700 http://wordpress.org/?v=2.8 hourly 1 By: Rob http://www.creditwithdrawal.com/wordpress/2008/10/23/fed-drops-another-500-billion-and-nobody-notices/comment-page-1/#comment-2398 Rob Fri, 24 Oct 2008 14:37:17 +0000 http://www.creditwithdrawal.com/wordpress/?p=872#comment-2398 With the way money is created in this country, under the current system, it's actually mathematically impossible every pay back all the outstanding debt. Every US dollar is created with debt attached to it - which means it needs to be paid back at interest. How can you pay back $500 billion + interest with $500 billion? It's impossible of course.... The only solution is to prolong the big collapse ( if possible ) by even MORE borrowing / debt, and massive inflation. Our country's financial system is so far beyond broken, it makes my head hurt. <abbr><em>Robs last blog post..<a href="http://feeds.feedburner.com/~r/LlamaMoney/~3/421898281/" rel="nofollow">Carnival of Net Worth #10</a></em></abbr> With the way money is created in this country, under the current system, it’s actually mathematically impossible every pay back all the outstanding debt. Every US dollar is created with debt attached to it – which means it needs to be paid back at interest. How can you pay back $500 billion + interest with $500 billion? It’s impossible of course….

The only solution is to prolong the big collapse ( if possible ) by even MORE borrowing / debt, and massive inflation. Our country’s financial system is so far beyond broken, it makes my head hurt.

Robs last blog post..Carnival of Net Worth #10

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