--- In [email protected] <mailto:[email protected]> , ruthsimplicity <[EMAIL PROTECTED]> wrote: > > > The press release has this interesting statement: > > > "To fund this development the government doesn't need to borrow from > abroad. It just issues an alternative currencya couponand loans it > to the project for the start-up costs, and to immediately improve the > farmer's housing and living conditions. > > > > The coupon's validity is restricted to the locale of the project, and > it lasts for only a three-year periodand thus inflation is avoided. > When the first crop is exported and dollars are earned, the government > coupon loan is repaid by the project in dollars. So today's government > issued coupon becomes tomorrow's dollar in the National Treasury." > > > The money (or coupon as they state) expires in three years. Thus it > appears that the last person holding the coupon gets nothing. Doesn't > make sense. If that was the case the farmer wouldn't be able to use > the coupon to buy stuff to "improve the farmer's housing and living > conditions" because no one would want to be stuck with the coupon. > Maybe the "stuckee" can turn it in for standard money after three > years? If so, why not have the government loan real money in the > first place? Oh yeah, they don't have the money. And if you can turn > it in for real money in three years it is inflationary. They created > money out of nothing. Nader, Nader, Nader. Oh dear. > > The whole creating money out of nothing is an interesting issue to > watch with the TMO.>.
RTFLMAO ! ! That's what you Americans have been doing for decades, in fact since the beginning of your country you have been LITERALLY printing money out of nothing. When Benjamin Franklin was in London, before the French and Spanish support of the illegal insurrection by the land grabbing, slave driving american province traitors to freedom-fighters, he was called into the Bank of England (founded by a Scotsman) and asked where they were getting all the money to buy so much? His answer: "Oh, we print our own money." Bank of England's answer (the Brits funded the protection of the provinces, with money and blood of young soldiers, from the Papist fascist countries who would have imposed mono-theism on US if it were not for the Brits fighting them down) said: "Oh really, can you stop doing that please." Then the Americans sided with the mono-theist Papist countries, in what for the British was one small battle (the American War of Independance) within a World War against the Papist fascist tyrants...which ultimately the British won.) Even today, one of the main reasons for the economic collapse of US is the fake printing of money by the federal Reserve and basing it on nothing. LOL, the irony of this complaint of printing your own money from an American leaves me in awe and laughter. Thanks for the laugh. OffWorld
