Interesting thoughts timber. Dare I ask the following simple man questions
1) the US govt is running a deficit of between 500B and 1 Trill a year for the past years and going forward forever; how does the US govt pay $1 Trill a year more than it gets without fiat money
2) the FED balance sheet is now at 4.3 Bill; how did these assets 'appear'
3) the banks in the US are awash with money (reserves); where did this money 'come from'
4) high end assets (like share markets and high end art and high end goods) have exploded in value; where did the money come from to buy these assets
In every question I asked, the 'logical' answer is 'money was printed to fund these things'. Yet you want to say NO MONEY PRINTED. OK. Fine. Then WHERE did the money come from for 1 2 3 4
