So how does the Fed print 1 trillion dollars ?

Discussion in 'Economics' started by kandlekid, Feb 27, 2009.

  1. So how does the Fed print 1 trillion dollars ?

    I heard they don't even fire up the presses. They do it electronically.

    Here is my imagined scenerio :)

    Fed Chairman (F) to Treasury Secretary (T) ... (looking at 1200 page stimulus bill) .

    (F) "ok, open up the accounts payable spreadsheet."

    (F) "now go to stimulus."

    (T) "got it. how many zeros was that again ?"

    (F) "twelve ... yea, twelve".

    (T) "ok. 1, 2, 3, ..."

    (T) "damn. almost payed 10 trillion".

    (T) "ok, got it."

    (T) hits enter.

    (T) "done".
     
  2. HPQ baby. Probably cost more than a trillion for the toner - those bastards.
     
  3. dinoman

    dinoman


    I would say that pretty much sums it up.
     
  4. [imghttp://paul.kedrosky.com/WindowsLiveWriter/EbayasFederalReserve2.0_B556/zim_2.png]/img]
     
  5. don't forget that the tresury has to give the private bankers (the fed) treasures so they can collect intrest on for all that hard work of typing bookkeeping entree

    http://www.wikiprotest.com/index.php?title=A_Phone_Call_With_The_Federal_Reserve
     
  6. Arnie

    Arnie

    "It's just a number in a computer":D
     
  7. they even admit it if you look hard enough


    From the testimony of Marriner Eccles, Chairman of the Federal Reserve Board, before the House Banking and Currency Committee, Sept. 30, 1941:

    Congressman Patman: "Mr. Eccles, how did you get the money to buy those two billions of government securities?"

    Eccles: "We created it."

    Patman: "Out of what?"

    Eccles: "Out of the right to issue credit money."