本帖最后由 ddd 于 2011-2-22 22:53 编辑
Fed is in a business of making profit at the highest level of the human "food chain". It has unlimited power to "lend", directly to the U.S. government, and indirectly to the whole world, for an interest of course.
So as long as the U.S. and the world can still pay their interest due, everything will be fine (for Fed).
As the world economy expands, the "foreign reserve" required for commerce also expands. And Fed will not see a slightest danger of being out of business any time soon.
That is if U.S. $ is still the "reserve" of the world.
On top of the official balance sheets, there is a "leakage money" through the world that is replenished, money that's hidden, lost, misplaced, destroyed, damaged, etc. And that is no small business by some estimate, but the detailed number is never known. Or course, the money issued to replenish the "lost money" is through the normal government debt mechanism, with interest.
The concept of "INTEREST" on money is the greatest invention of Jews. Before that, it was considered a sin to make interest on money in the western history under the Roman Catholic. |