Comments on: How is it possible to have a deficit on balance of payments and rising currency reserves at the same time? http://www.myylt.com/2010/06/08/how-is-it-possible-to-have-a-deficit-on-balance-of-payments-and-rising-currency-reserves-at-the-same-time/ Discussion of Forex Trading and Currency Trading Thu, 24 May 2012 03:05:08 +0000 http://wordpress.org/?v=2.3.3 By: RockyMtn High http://www.myylt.com/2010/06/08/how-is-it-possible-to-have-a-deficit-on-balance-of-payments-and-rising-currency-reserves-at-the-same-time/#comment-26498 RockyMtn High Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2010/06/08/how-is-it-possible-to-have-a-deficit-on-balance-of-payments-and-rising-currency-reserves-at-the-same-time/#comment-26498 Currency is created out of thin air by the Fed, has nothing to do with deficits. Just type in a 1 and six zeros on their computer system, instant currency. Currency is created out of thin air by the Fed, has nothing to do with deficits.

Just type in a 1 and six zeros on their computer system, instant currency.

]]> By: Steve from PA http://www.myylt.com/2010/06/08/how-is-it-possible-to-have-a-deficit-on-balance-of-payments-and-rising-currency-reserves-at-the-same-time/#comment-26499 Steve from PA Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2010/06/08/how-is-it-possible-to-have-a-deficit-on-balance-of-payments-and-rising-currency-reserves-at-the-same-time/#comment-26499 Old trick of the rich...cook the books..never let anyone know ur actual financial position.. Old trick of the rich…cook the books..never let anyone know ur actual financial position..

]]> By: Dennis http://www.myylt.com/2010/06/08/how-is-it-possible-to-have-a-deficit-on-balance-of-payments-and-rising-currency-reserves-at-the-same-time/#comment-26500 Dennis Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2010/06/08/how-is-it-possible-to-have-a-deficit-on-balance-of-payments-and-rising-currency-reserves-at-the-same-time/#comment-26500 Print baby print. The presses have printed more scrip in the last 18 months than in the last 100 years. That is how you keep spending money that you do not have. Sort of like spending all of the money in your checking account and still writing checks. The administration sounds like a story about the old fellow that had lived a relatively sheltered life on an off shore island. His son moved to the mainland and got a good paying job. On a return visit to his father's home, he suggested that a checking account would make his father's life easier. They went to the mainland to the bank and the old fellow put $500. 00 up and got a checking account. He was amazed at how easy it was to just purchase anything he wanted just by signing his name to the check. On his return home, he told his wife at how great the check system was. He told her; "It is really a great deal, I only put in $500.00, I have spent $1500.00, and look at how many checks I have left." Obama is just ordering the printing presses to keep rolling with nothing to back the value of the additional funds being created. Sooner or later, there has to be a deposit of value to back it or it will be as worthless as a bad check. Print baby print. The presses have printed more scrip in the last 18 months than in the last 100 years. That is how you keep spending money that you do not have. Sort of like spending all of the money in your checking account and still writing checks.
The administration sounds like a story about the old fellow that had lived a relatively sheltered life on an off shore island. His son moved to the mainland and got a good paying job. On a return visit to his father’s home, he suggested that a checking account would make his father’s life easier. They went to the mainland to the bank and the old fellow put $500. 00 up and got a checking account. He was amazed at how easy it was to just purchase anything he wanted just by signing his name to the check. On his return home, he told his wife at how great the check system was. He told her; "It is really a great deal, I only put in $500.00, I have spent $1500.00, and look at how many checks I have left." Obama is just ordering the printing presses to keep rolling with nothing to back the value of the additional funds being created. Sooner or later, there has to be a deposit of value to back it or it will be as worthless as a bad check.

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