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**osteoftex** · 05-04-2012, 01:07 PM

It just kills me, the people calling for "hyperinflation" with a currency based in electronic digits that are promises to pay in FRNs that do not exist.

A collapse of the "Dollar" would spell the collapse of the entire global banking structure and the digital (CREDIT/DEBIT) fiction that sustains it.

The "un-sustainability of the American dollar", what is an "American Dollar"?

Just to add:

Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them.

05-04-2012, 01:07 PM	#4
osteoftex Join Date Oct 2005 Posts 542 Senior Member	It just kills me, the people calling for "hyperinflation" with a currency based in electronic digits that are promises to pay in FRNs that do not exist. A collapse of the "Dollar" would spell the collapse of the entire global banking structure and the digital (CREDIT/DEBIT) fiction that sustains it. The "un-sustainability of the American dollar", what is an "American Dollar"? Just to add: Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them.
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