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keep_it_real (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 09:56 PM Original message |
Will Obama Like Lincoln Print GreenBacks to Save America |
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babylonsister (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 09:58 PM Response to Original message |
1. Why don't you tell us? nt |
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rockymountaindem (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:03 PM Response to Original message |
2. The situations are not analogous |
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keep_it_real (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:11 PM Response to Reply #2 |
4. They are analogous if you know your history. |
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rockymountaindem (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:19 PM Response to Reply #4 |
6. Okay.... |
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keep_it_real (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:28 PM Response to Reply #6 |
8. To quote you |
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rockymountaindem (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:34 PM Response to Reply #8 |
9. Wait wait wait |
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keep_it_real (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:40 PM Response to Reply #9 |
11. would be for the government to gin up a bunch of new $100 bills and hand them over to our creditors? |
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rockymountaindem (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:43 PM Response to Reply #11 |
12. If Lincoln's money was backed by "full faith and credit" how is that not debt? |
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keep_it_real (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:53 PM Response to Reply #12 |
15. Because there was no INTEREST attached to the greenbacks . . . |
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rockymountaindem (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:54 PM Response to Reply #15 |
16. Ok, I'm an idiot. Tell me. |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 12:20 AM Response to Reply #15 |
31. You're missing something...an understanding of banking. |
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Truth2Tell (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 12:38 AM Response to Reply #31 |
34. *sigh* Not this again. |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 01:02 AM Response to Reply #34 |
35. That doesn't really make sense when you think about it |
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Truth2Tell (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 01:32 AM Response to Reply #35 |
37. Do you suggest that the Fed |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 01:54 AM Response to Reply #37 |
39. Over what period |
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Truth2Tell (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 02:08 AM Response to Reply #39 |
40. Conservative lenders can manage risk. |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 11:23 AM Response to Reply #40 |
41. yes...by buying bonds |
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Truth2Tell (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 11:52 AM Response to Reply #41 |
42. I don't see the evidence to suggest |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 12:01 PM Response to Reply #42 |
43. Well, Zimbabwe would be the current example of how badly that can go wrong. |
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Truth2Tell (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 12:55 PM Response to Reply #43 |
45. Perfect example of unique circumstances. |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 02:25 PM Response to Reply #45 |
46. It's on example among many, just the one that happens to be in the news right now |
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Truth2Tell (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 03:01 PM Response to Reply #46 |
47. That's some twisted logic right there. Individuals independent of government |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 03:10 PM Response to Reply #47 |
48. That's why we have checks and balances. |
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Truth2Tell (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 03:47 PM Response to Reply #48 |
49. Checks and balances in a democracy operate |
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Thothmes (1000+ posts) Send PM | Profile | Ignore | Tue May-19-09 06:19 AM Response to Reply #4 |
26. Would doubt that Abraham Lincoln |
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tritsofme (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:09 PM Response to Original message |
3. Please tell us how magical greenbacks can Save America! |
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Rosa Luxemburg (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:16 PM Response to Reply #3 |
5. who is the guy on the $5 dollar bills? |
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keep_it_real (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:19 PM Response to Reply #3 |
7. The very fact that you have to ask the question means you don't |
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tritsofme (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:47 PM Response to Reply #7 |
14. Believe me, I know all about these nuts. |
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Name removed (0 posts) Send PM | Profile | Ignore | Mon May-18-09 10:57 PM Response to Reply #14 |
17. Deleted message |
tritsofme (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 11:03 PM Response to Reply #17 |
20. You stumbled on the path of some conspiracy theorists. |
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keep_it_real (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 11:13 PM Response to Reply #20 |
22. Maybe there is something here but you don't get it. |
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tritsofme (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 11:21 PM Response to Reply #22 |
23. There have been people out there pushing apocalyptic theories of doom for ages. |
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keep_it_real (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 11:03 PM Response to Reply #3 |
19. It is tool long a story for me to tell but here you go; go for it! |
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islandmkl (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:37 PM Response to Original message |
10. please explain how the 'debt-free' part worked... |
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keep_it_real (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 11:05 PM Response to Reply #10 |
21. Here is your answer: it is too long a story for me to tell |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 12:37 AM Response to Reply #21 |
33. If you really got it, it would be simple to explain |
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Art_from_Ark (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 10:47 PM Response to Original message |
13. "Greenbacks" was a derogatory term, |
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keep_it_real (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 11:01 PM Response to Reply #13 |
18. The Right of the US government to Print money was GREATER |
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Art_from_Ark (1000+ posts) Send PM | Profile | Ignore | Mon May-18-09 11:38 PM Response to Reply #18 |
24. Gold and silver were mandated by the Constitution |
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Thothmes (1000+ posts) Send PM | Profile | Ignore | Tue May-19-09 06:21 AM Response to Reply #24 |
27. Abe was able to buy larger armies and more higher quality equipment. |
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Art_from_Ark (1000+ posts) Send PM | Profile | Ignore | Tue May-19-09 07:46 AM Response to Reply #27 |
28. Would Abe have been able to do that |
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Thothmes (1000+ posts) Send PM | Profile | Ignore | Tue May-19-09 11:02 AM Response to Reply #28 |
29. Abe's money was highly |
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Art_from_Ark (1000+ posts) Send PM | Profile | Ignore | Tue May-19-09 11:53 PM Response to Reply #29 |
30. Southerners might have liked Abe's greenbacks |
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zbdent (1000+ posts) Send PM | Profile | Ignore | Tue May-19-09 05:55 AM Response to Original message |
25. print money? |
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Art_from_Ark (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 12:25 AM Response to Reply #25 |
32. I used real physical money to pay for my car |
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Occam Bandage (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 01:06 AM Response to Original message |
36. Yes! Let's print our way out of this crisis! Weimar Republic, here we come! nt |
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Old Hob (296 posts) Send PM | Profile | Ignore | Wed May-20-09 01:52 AM Response to Original message |
38. What is quantitative easing? What is Ben Bernanke's solution to deflation? |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Wed May-20-09 12:15 PM Response to Original message |
44. Such a funny question - no, because nobody uses cash anymore. Now they create credit instead. |
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