"The result is a structure that is considered unique among central banks. It is also unusual in that an entity outside of the central bank, namely the United States Department of the Treasury, creates the currency used.[11]"
From the very page you linked: The result is a structure that is considered unique among central banks. It is also unusual in that an entity outside of the central bank, namely the United States Department of the Treasury, creates the currency used.[11]
Emphasis mine. You think congress can't order the treasury to produce currency?
That makes a not-necessarily valid assumption that she can or will do nothing else but act. I'd love to have a half million in the bank at 40 and embark on a second career.
No, it's the FDIC that pays you back. No one bank holds that kind of reserve, large banks are only required to hold a 10% reserve. Smaller banks can hold even less (3%), and tiny banks may hold none. http://en.wikipedia.org/wiki/Reserve_requirement
So who do you claim is actually, literally printing the money. Because it really is getting printed, and whoever is doing the printing can always do more. Legal restrictions are easily brushed away in a crisis, as we've seen.
You're in luck. X79 (coming later this year) will typically sport 8 ram slots. It's the new enthusiast platform replacing x58. http://en.wikipedia.org/wiki/Intel_X79
Seriously. There are dozens of hardware reviews like this one daily. In what way was this one special enough to make the front page? I'm not seeing it.
Sorry you lost the argument. I know it's upsetting. That you didn't understand what someone wrote can be embarassing, but really, it's ok, it happens to the best of us.
So your claim then is that the amount in circulation is unchanging, or that the federal government has no influence over the amount in circulation? And you also claim that it's impossible for congress to pass an amendment ordering the treasury department to literally print money in the event of a banking emergency?
Right, but during our most recent banking crisis, they weren't able to deliver on that due to the volume of claims. Who knows how much worse it would get if the volume of claims hit 10x higher.
Indeed, the proton death of the universe is less than 10^37 years away... why bother with anything. May as well commit suicide, it won't make any difference in the end.
If the FDIC can't cover the accounts it insures, what do you think happens? Does the government:
1) Let the situation spiral out of control, as people lose faith in their ability to get money out of banks or 2) Print money to cover the losses at the FDIC?
They don't actually guarantee that your money will be available. And neither does the FDIC. The FDIC sort of promises you can get some of your money back, eventually, but how long eventually is, and whether or not your money has any worth if they have to go on a printing spree...
Sadly, cryonics is a crock. The freezing does irreparable damage to the brain structure. And I really mean irreparable... 2nd law of thermodynamics violations required for repair.
Slashdot Mirror
We're both in the fantasyland of what happens in a major banking meltdown. Your move.
Exactly, an unknown, up-and-coming actress.
I'm pretty sure the treasury dept is doing the actual printing.
http://en.wikipedia.org/wiki/Federal_Reserve_System
"The result is a structure that is considered unique among central banks. It is also unusual in that an entity outside of the central bank, namely the United States Department of the Treasury, creates the currency used.[11]"
From the very page you linked:
The result is a structure that is considered unique among central banks. It is also unusual in that an entity outside of the central bank, namely the United States Department of the Treasury, creates the currency used.[11]
Emphasis mine. You think congress can't order the treasury to produce currency?
Age discrimination requires that she actually BE over 40. So she can't make such a suit.
That makes a not-necessarily valid assumption that she can or will do nothing else but act. I'd love to have a half million in the bank at 40 and embark on a second career.
The streisand effect could only benefit an unknown who is having trouble breaking into the industry.
I think you may have mistaken who you were having sex with. It's the men who have a breakable part ....
Yep, but we've already seen that 'usually' can stretch out much longer than that in a crisis, and this crisis was considered largely averted.
No, it's the FDIC that pays you back. No one bank holds that kind of reserve, large banks are only required to hold a 10% reserve. Smaller banks can hold even less (3%), and tiny banks may hold none.
http://en.wikipedia.org/wiki/Reserve_requirement
But my point, again, is that there is a roundup article just like this 3 or 4 times a week at various sites. What makes this one special?
So who do you claim is actually, literally printing the money. Because it really is getting printed, and whoever is doing the printing can always do more. Legal restrictions are easily brushed away in a crisis, as we've seen.
It's just intel showing off that they've killed and buried motorola.
You're in luck. X79 (coming later this year) will typically sport 8 ram slots. It's the new enthusiast platform replacing x58.
http://en.wikipedia.org/wiki/Intel_X79
Seriously. There are dozens of hardware reviews like this one daily. In what way was this one special enough to make the front page? I'm not seeing it.
We actually came close to this in the recent banking crisis, but there wasn't much threat to the food supply.
Sorry you lost the argument. I know it's upsetting. That you didn't understand what someone wrote can be embarassing, but really, it's ok, it happens to the best of us.
So your claim then is that the amount in circulation is unchanging, or that the federal government has no influence over the amount in circulation? And you also claim that it's impossible for congress to pass an amendment ordering the treasury department to literally print money in the event of a banking emergency?
Right, but during our most recent banking crisis, they weren't able to deliver on that due to the volume of claims. Who knows how much worse it would get if the volume of claims hit 10x higher.
Indeed, the proton death of the universe is less than 10^37 years away ... why bother with anything. May as well commit suicide, it won't make any difference in the end.
If the FDIC can't cover the accounts it insures, what do you think happens? Does the government:
1) Let the situation spiral out of control, as people lose faith in their ability to get money out of banks
or
2) Print money to cover the losses at the FDIC?
How so? Gold is a real thing, with substantial value independent of its use as a trading commodity.
The exchanges are currently operating free of charge? How do they pay for electricity?
They don't actually guarantee that your money will be available. And neither does the FDIC. The FDIC sort of promises you can get some of your money back, eventually, but how long eventually is, and whether or not your money has any worth if they have to go on a printing spree ...
Sadly, cryonics is a crock. The freezing does irreparable damage to the brain structure. And I really mean irreparable ... 2nd law of thermodynamics violations required for repair.