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URL:  http://boards.fool.com/debt-is-the-currency-of-slaves-desertdave-30770020.aspx

Subject:  Re: My friend the jeweler called me Date:  7/10/2013  7:21 PM
Author:  notehound Number:  428408 of 479811

...debt is the currency of slaves...

Desertdave,

I would be happy if all the money the Fed is buying assets with was at least backed by debt.

I'm not sure that all those fiat dollars conjured up for QE and POMO are even traceable to issuance of actual prior Treasury obligations.

From ground level, it seems that Ben et cie. are conjuring up currency that is not actually authorized dollar-for-dollar by the Treasury as pa