finicky friday, page-100

Money being printed 24/7?
Invest in paper and ink because of all those $US trillions being printing by presses wearing out their bearings running day and night?
Printers working huge overtime earning $$$$?

Lol, I manage a wry smile when I read such stuff, and "cranking up the printing presses" and other pejorative terms about the US debt.

The fact is, NO money is being printed to finance debt.

Not one drop of ink.

In the computer age of electronic banking, the Federal Reserve creates a bank account.

It then inputs the balance as however many digits it wants....even though the money does not physically exist.

Abracadabra. Instant money.

...Which is then electronically transferred to institutions from which it is buying.

Hope that makes sense.