Matches for mjr_, 5905 total results Sorted by newest | relevance
Tue Feb 25 07:21:30 UTC 2014 <mjr_> no...you really don't understand...
Tue Feb 25 07:21:26 UTC 2014 <cerelenius> mjr: of course it does pull up the fed balance sheet
Tue Feb 25 07:21:10 UTC 2014 <mjr_> it doesn't work that way
Tue Feb 25 07:21:06 UTC 2014 <mjr_> cool system
Tue Feb 25 07:21:04 UTC 2014 <mjr_> oh, so it represents a debt that won't be paid to me
Tue Feb 25 07:20:54 UTC 2014 <mjr_> the fed has others dollars
Tue Feb 25 07:20:51 UTC 2014 <cerelenius> mjr: you cant redeem it, its like a self liquidating tbill
Tue Feb 25 07:20:43 UTC 2014 <mjr_> no they are not
Tue Feb 25 07:20:38 UTC 2014 <cerelenius> mjr: those dollars are fed reserve liabilities backed by fed reserve assets
Tue Feb 25 07:20:37 UTC 2014 <mjr_> where can i redeem this debt instrument?
Tue Feb 25 07:20:26 UTC 2014 <mjr_> tell me
Tue Feb 25 07:20:22 UTC 2014 <mjr_> what does someone owe me?
Tue Feb 25 07:20:19 UTC 2014 <mjr_> i have dollars
Tue Feb 25 07:20:11 UTC 2014 <mjr_> no they are not
Tue Feb 25 07:19:54 UTC 2014 <mjr_> dollars a token
Tue Feb 25 07:19:47 UTC 2014 <mjr_> in the first case, you have an entity willing to always exchange at a fixed ratio
Tue Feb 25 07:19:30 UTC 2014 <mjr_> you are mixing up "backed by" with "tradeable for"
Tue Feb 25 07:19:06 UTC 2014 <mjr_> there is a difference
Tue Feb 25 07:19:04 UTC 2014 <mjr_> it is a token
Tue Feb 25 07:18:55 UTC 2014 <mjr_> but traditionally