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printing23-10-2019 00:28
keepit
★★★☆☆
(694)
Once a dollar is printed, where does it go and where does it go to die?
23-10-2019 03:18
GasGuzzler
★★★★☆
(1467)
keepit wrote:
Once a dollar is printed, where does it go and where does it go to die?


It goes in as many pockets as possible until there are too many rips, runs, snags, krinkles, fades or tears. Then it goes here to die.


spot-
Into the Night is also has delusions of comptance
Attached image:

23-10-2019 04:32
keepit
★★★☆☆
(694)
OK, i buy that but where do the digital dollars go? Seriously?
23-10-2019 08:44
Into the NightProfile picture★★★★★
(9806)
keepit wrote:
OK, i buy that but where do the digital dollars go? Seriously?


If the Fed wants to destroy a digital dollar, it simply makes a debit on its own accounts. It's gone.
To create a digital dollar, the Fed simply makes a credit on its own accounts. Wa La! It exists.

This is also known as adjusting the M1 value. They simply create money out of nothing. It is destroyed the in the reverse way.


The Parrot Killer
Edited on 23-10-2019 08:44
23-10-2019 15:15
keepit
★★★☆☆
(694)
But how and when does that dollar get back to the fed to be destroyed. If that dollar keeps getting spent and respent does the fed just reach in to the circulation of dollars to grab it?
And how can a private citizen prevent a dollar from getting respent without themselves losing that dollar?

And where does the Treasury come in on this cycle?
Edited on 23-10-2019 15:17
23-10-2019 18:02
HarveyH55
★★★★☆
(1459)
Banks sort out worn, torn, or damaged dollars, send them to the Treasury for credit on fresh ones. If you don't spend. it won't get re-spent, just hide it under your mattress.
23-10-2019 18:36
keepit
★★★☆☆
(694)
Harvey,
So true.
I'd like to know that the fed can't reach into your bank account to deactivate dollars. If you put your money in the bank it just enables the bank to loan it out to be respent.
23-10-2019 18:55
Into the NightProfile picture★★★★★
(9806)
keepit wrote:
But how and when does that dollar get back to the fed to be destroyed. If that dollar keeps getting spent and respent does the fed just reach in to the circulation of dollars to grab it?

No, they only grab their own, if they were to actually lower the M1. They have never lowered the M1. They've only raised it.
keepit wrote:
And how can a private citizen prevent a dollar from getting respent without themselves losing that dollar?
They can't. If you spend it, you lose it to someone else.
keepit wrote:
And where does the Treasury come in on this cycle?

Taxes.


The Parrot Killer
23-10-2019 18:56
Into the NightProfile picture★★★★★
(9806)
keepit wrote:
Harvey,
So true.
I'd like to know that the fed can't reach into your bank account to deactivate dollars. If you put your money in the bank it just enables the bank to loan it out to be respent.


They can't.


The Parrot Killer
23-10-2019 19:06
keepit
★★★☆☆
(694)
So once a dollar gets "printed" it stays in the dollar system indefinitely?

I know the fed sometimes shrinks its balance sheet.
Edited on 23-10-2019 19:10
23-10-2019 22:04
Into the NightProfile picture★★★★★
(9806)
keepit wrote:
So once a dollar gets "printed" it stays in the dollar system indefinitely?

I know the fed sometimes shrinks its balance sheet.


It never has.


The Parrot Killer
23-10-2019 22:17
keepit
★★★☆☆
(694)
I didn't understand what you were referring to when you said "it never has".
24-10-2019 05:05
Into the NightProfile picture★★★★★
(9806)
keepit wrote:
I didn't understand what you were referring to when you said "it never has".


Then go back and try to regain the context of the conversation.


The Parrot Killer
24-10-2019 05:27
keepit
★★★☆☆
(694)
The problem is "it never has" does connect with either possibility.
24-10-2019 05:43
James___
★★★★☆
(1691)
keepit wrote:
The problem is "it never has" does connect with either possibility.



Profit taking and savings takes money out of circulation. Why the government has been printing new money at the rate of about $1 Trillion a year. That allows for the government to compensate for the short fall in domestic spending.

https://youtu.be/8Suu84khNGY

There's more than one way to trash the US. Wouldn't it be funny if the way Americans treated Native Americans let them think that they could get away with anything?
That doesn't happen in the real world. Actions have consequences.
Edited on 24-10-2019 06:12
24-10-2019 11:52
Into the NightProfile picture★★★★★
(9806)
James___ wrote:
keepit wrote:
The problem is "it never has" does connect with either possibility.



Profit taking and savings takes money out of circulation.

No, that IS circulation of money.
James___ wrote:
Why the government has been printing new money at the rate of about $1 Trillion a year. That allows for the government to compensate for the short fall in domestic spending.

No, the government has spent $4.5 trillion so far just this year. They print new money to cover government spending.


The Parrot Killer
24-10-2019 17:57
keepit
★★★☆☆
(694)
The thing is, the fed does take money out of circulation from time to time.

I meant to say "it never has" doesn't connect with either possibility.
Edited on 24-10-2019 17:58
24-10-2019 18:20
keepit
★★★☆☆
(694)
When you deposit money it enables the banks to lend it out again.
24-10-2019 18:34
Into the NightProfile picture★★★★★
(9806)
keepit wrote:
The thing is, the fed does take money out of circulation from time to time.

I meant to say "it never has" doesn't connect with either possibility.


The Fed has never reduced M1...ever.


The Parrot Killer
24-10-2019 18:59
keepit
★★★☆☆
(694)
The fed tells us that it has reduced its balance sheet at times. I believe them. Do you?
M1 is a measure of money that is not in the fed (out in the economy). It's a different thing than the fed's balance sheet.
24-10-2019 22:30
Into the NightProfile picture★★★★★
(9806)
keepit wrote:
The fed tells us that it has reduced its balance sheet at times. I believe them. Do you?
M1 is a measure of money that is not in the fed (out in the economy). It's a different thing than the fed's balance sheet.


No. The M1 is all the money the Fed has printed. It is considered a liability on the Fed's balance sheet.


The Parrot Killer
25-10-2019 02:33
keepit
★★★☆☆
(694)
According to Investopedia M1 is a measure of money supply that is not in the Federal Reserve Banks.
25-10-2019 20:10
James___
★★★★☆
(1691)
Into the Night wrote:
James___ wrote:
keepit wrote:
The problem is "it never has" does connect with either possibility.



Profit taking and savings takes money out of circulation.

No, that IS circulation of money.
James___ wrote:
Why the government has been printing new money at the rate of about $1 Trillion a year. That allows for the government to compensate for the short fall in domestic spending.

No, the government has spent $4.5 trillion so far just this year. They print new money to cover government spending.



This is where you are only considering the definition of a word and/or words.
There is actual physical money in circulation but then there is money in circulation that is posted on a ledger such as a balance sheet. An example of this is if you have $10,000 in your checking account. That is money that is not in circulation but is posted on a ledger/balance sheet.
What I specifically mean by "being in circulation" is monies either paid out or is being collected. Whether it is on a balance sheet or cash in one's pocket, it is in circulation when it is like heat, it is moving. And when heat is heat content or conserved energy, it's not heat because it is not circulating/moving between a source and a destination.
When money is saved in any form it is no longer in circulation although it will be viewed as a positive balance on a ledger just as conserved heat is heat content.
To maintain equilibrium in any economy, new monies (new loans) need to equal monies paid out or saved. When this doesn't happen then an economy is considered to be contracting, the exchange of monies decreases/new loans decreases.
25-10-2019 20:38
Into the NightProfile picture★★★★★
(9806)
keepit wrote:
According to Investopedia M1 is a measure of money supply that is not in the Federal Reserve Banks.


They are wrong. It is all money.


The Parrot Killer
25-10-2019 20:43
Into the NightProfile picture★★★★★
(9806)
James___ wrote:
Into the Night wrote:
James___ wrote:
keepit wrote:
The problem is "it never has" does connect with either possibility.



Profit taking and savings takes money out of circulation.

No, that IS circulation of money.
James___ wrote:
Why the government has been printing new money at the rate of about $1 Trillion a year. That allows for the government to compensate for the short fall in domestic spending.

No, the government has spent $4.5 trillion so far just this year. They print new money to cover government spending.



This is where you are only considering the definition of a word and/or words.

And here comes another attempt at redefining words by James:
James___ wrote:
There is actual physical money in circulation but then there is money in circulation that is posted on a ledger such as a balance sheet. An example of this is if you have $10,000 in your checking account. That is money that is not in circulation but is posted on a ledger/balance sheet.

No, that is in circulatin.
James___ wrote:
What I specifically mean by "being in circulation" is monies either paid out or is being collected.

No, that has a different name. It's called 'velocity'.
James___ wrote:
Whether it is on a balance sheet or cash in one's pocket, it is in circulation when it is like heat, it is moving.
And when heat is heat content or conserved energy, it's not heat because it is not circulating/moving between a source and a destination.

Money velocity is not circulation.
James___ wrote:
When money is saved in any form it is no longer in circulation although it will be viewed as a positive balance on a ledger just as conserved heat is heat content.

Any money out in the economy, whether it's stored in a bank, in your pocket, or on a ledger (not a balance sheet), is money in circulation. The actual transaction rate is called money velocity.
James___ wrote:
To maintain equilibrium in any economy,

Economies don't have an equilibrium.


The Parrot Killer
26-10-2019 05:13
James___
★★★★☆
(1691)
Into the Night wrote:
James___ wrote:
Into the Night wrote:
James___ wrote:
keepit wrote:
The problem is "it never has" does connect with either possibility.



Profit taking and savings takes money out of circulation.

No, that IS circulation of money.
James___ wrote:
Why the government has been printing new money at the rate of about $1 Trillion a year. That allows for the government to compensate for the short fall in domestic spending.

No, the government has spent $4.5 trillion so far just this year. They print new money to cover government spending.



This is where you are only considering the definition of a word and/or words.

And here comes another attempt at redefining words by James:
James___ wrote:
There is actual physical money in circulation but then there is money in circulation that is posted on a ledger such as a balance sheet. An example of this is if you have $10,000 in your checking account. That is money that is not in circulation but is posted on a ledger/balance sheet.

No, that is in circulatin.
James___ wrote:
What I specifically mean by "being in circulation" is monies either paid out or is being collected.

No, that has a different name. It's called 'velocity'.
James___ wrote:
Whether it is on a balance sheet or cash in one's pocket, it is in circulation when it is like heat, it is moving.
And when heat is heat content or conserved energy, it's not heat because it is not circulating/moving between a source and a destination.

Money velocity is not circulation.
James___ wrote:
When money is saved in any form it is no longer in circulation although it will be viewed as a positive balance on a ledger just as conserved heat is heat content.

Any money out in the economy, whether it's stored in a bank, in your pocket, or on a ledger (not a balance sheet), is money in circulation. The actual transaction rate is called money velocity.
James___ wrote:
To maintain equilibrium in any economy,

Economies don't have an equilibrium.


Can you define life? I mean what if we think because that's what we are programmed to do? Would we really be thinking? And if we are only a "thing's" imagination?
After all, everyone has thoughts and dreams that are real. What if we are just an extension of some "thing's" imagination?
Then would we be real because that is what we believe?
This concludes tonight's episode of The Twilight Zone. We now return you to your regularly scheduled circular arguments and void fallacies.
Edited on 26-10-2019 05:14
26-10-2019 06:16
HarveyH55
★★★★☆
(1459)
If the economy could ever be in equilibrium, it would be stagnated. Sounds more like some twisted socialist propaganda...
26-10-2019 07:09
James___
★★★★☆
(1691)
And some people go through Hell to ply their trade

After all, Lucifer Morningstar has to put up with Amenadiel.
And these 2, they do enjoy themselves. That's just sinful.

https://youtu.be/NynZecBurHs
Edited on 26-10-2019 07:49
26-10-2019 14:28
keepit
★★★☆☆
(694)
Some of this stuff s kind of hard to understand. I suppose the same can be said of my stuff.
26-10-2019 19:40
Into the NightProfile picture★★★★★
(9806)
James___ wrote:
Into the Night wrote:
James___ wrote:
Into the Night wrote:
James___ wrote:
keepit wrote:
The problem is "it never has" does connect with either possibility.



Profit taking and savings takes money out of circulation.

No, that IS circulation of money.
James___ wrote:
Why the government has been printing new money at the rate of about $1 Trillion a year. That allows for the government to compensate for the short fall in domestic spending.

No, the government has spent $4.5 trillion so far just this year. They print new money to cover government spending.



This is where you are only considering the definition of a word and/or words.

And here comes another attempt at redefining words by James:
James___ wrote:
There is actual physical money in circulation but then there is money in circulation that is posted on a ledger such as a balance sheet. An example of this is if you have $10,000 in your checking account. That is money that is not in circulation but is posted on a ledger/balance sheet.

No, that is in circulatin.
James___ wrote:
What I specifically mean by "being in circulation" is monies either paid out or is being collected.

No, that has a different name. It's called 'velocity'.
James___ wrote:
Whether it is on a balance sheet or cash in one's pocket, it is in circulation when it is like heat, it is moving.
And when heat is heat content or conserved energy, it's not heat because it is not circulating/moving between a source and a destination.

Money velocity is not circulation.
James___ wrote:
When money is saved in any form it is no longer in circulation although it will be viewed as a positive balance on a ledger just as conserved heat is heat content.

Any money out in the economy, whether it's stored in a bank, in your pocket, or on a ledger (not a balance sheet), is money in circulation. The actual transaction rate is called money velocity.
James___ wrote:
To maintain equilibrium in any economy,

Economies don't have an equilibrium.


Can you define life? I mean what if we think because that's what we are programmed to do? Would we really be thinking? And if we are only a "thing's" imagination?
After all, everyone has thoughts and dreams that are real. What if we are just an extension of some "thing's" imagination?
Then would we be real because that is what we believe?
This concludes tonight's episode of The Twilight Zone. We now return you to your regularly scheduled circular arguments and void fallacies.

Word salad. Try English. It works better.


The Parrot Killer
RE: When Will $Trillion Deficits Matter?28-10-2019 16:36
James___
★★★★☆
(1691)
The Trump administration reported a river of red ink Friday.

The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in seven years. The gap is widely expected to top $1 trillion in the current budget year and likely remain there for the next decade.

https://www.kentucky.com/news/business/article236654198.html
28-10-2019 20:42
keepit
★★★☆☆
(694)
Invest in printing press companies. We're going to need a bigger printing press!
Edited on 28-10-2019 20:43
29-10-2019 00:23
James___
★★★★☆
(1691)
keepit wrote:
Invest in printing press companies. We're going to need a bigger printing press!



:sob:

Edited on 29-10-2019 00:24
29-10-2019 00:43
keepit
★★★☆☆
(694)
James,
There can be profit in inflation.
29-10-2019 15:36
IBdaMannProfile picture★★★★★
(5011)
keepit wrote: James,
There can be profit in inflation.

Technically, the profit lies in appreciation.


Global Warming: The preferred religion of the scientifically illiterate.

Printing dollars to pay debt doesn't increase the number of dollars. - keepit

When the alt-physics birds sing about "indivisible bodies," we've got pure BS. - VernerHornung

Ah the "Valid Data" myth of ITN/IBD. - tmiddles

Ceist - I couldn't agree with you more. But when money and religion are involved, and there are people who value them above all else, then the lies begin. - trafn

You are completely misunderstanding their use of the word "accumulation"! - Climate Scientist.

The Stefan-Boltzman equation doesn't come up with the correct temperature if greenhouse gases are not considered - Hank

:*sigh* Not the "raw data" crap. - Leafsdude

IB STILL hasn't explained what Planck's Law means. Just more hand waving that it applies to everything and more asserting that the greenhouse effect 'violates' it.- Ceist
29-10-2019 17:00
keepit
★★★☆☆
(694)
IBDM,
We agree! I'll alert the media.
29-10-2019 22:23
James___
★★★★☆
(1691)
keepit wrote:
James,
There can be profit in inflation.



That's why Trump is president. It's good to know that capitalism and democracy works.
29-10-2019 23:18
keepit
★★★☆☆
(694)
It sure does.
29-10-2019 23:32
James___
★★★★☆
(1691)
keepit wrote:
It sure does.



Then Trump is right.
29-10-2019 23:44
keepit
★★★☆☆
(694)
About what???
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