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Haven't we just doomed the planet by passing 2 Trillion + in additional spending?
Since we don't have this money, and can't borrow it all, and will have to print a lot of it, how many trees are required to print a trillion or so dollars? If we have to cut down 4 or 5 Trillion trees, which actually take in CO2 in order to produce O2, I fear we are DOOMED!
Talk about Global Warming, this is gonna be Global Bon Fire!
to those that point out that money is cotton, you might be wound a little too tight. The Cotton plant still consumes CO2.
dungjoy: yes, but doesn't throwing around a couple of Trillion to be re-couped from wealth and people that haven't even been created yet bother you?
11 Answers
- Anonymous1 decade agoFavorite Answer
Don't know about the planet but we have doomed America.
- 1 decade ago
something like only 3% of the wealth normaly ends up printed
and ive seen a photo of something like 10 billion in cash sure its massive but you cause more deforestation by eating meat
The doom of the planet is the amount of debt and inflation that tends to come from these kinds of actions.if this occures then there is few choices: World Government-War- and a New Financial system
but all three is likely to occur
- Anonymous1 decade ago
The American Revolution
Prior to Revolution most commerce was done by barter and also by paper money printed by different states. All of it, however, was based on the production of goods and services created by the people. After the constitution was adopted, only gold and silver coin could be used as money in the United States. The banks, under bankruptcy and as creditor of the UNITED STATES, since 1933, all money is based purely on debt and credit.
The Times of London stated the following regarding fiat money in America:
"If this mischievous financial policy, which has its origins in North America, shall become endurrated down to a fixture, then that government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and the wealth of all the countries will go to North America. That country must be destroyed or it will destroy every Monarchy on the globe."
One of the first acts, within two years, that President Washington did was to declare an emergency. William Morris with the help of Alexander Hamilton, Secretary of Treasury, heavily promoted the first national bank (Bank of England, Babylon) to legislation in order to create a private bank. In 1781, Congress chartered the first national bank for a term of 20 years, to the same European bankers that were holding the debts before the war. The bankers loaned worthless, un-backed, non-secured printed money to each other to charter this first bank.
The war of 1812 Washington repositories burnt down
The British leave in arms
New National Bank charter established
My my what have we learned from our history lesson today.. obviously there has been a conspiracy all along.. Jackson knew it and tried to squash it, he was successful for 75 years.. now just look at us.. "The bankers loaned worthless, un-backed, non-secured printed money to each other to charter this first bank." sounds almost like a bail out , eh?
EDIT only a moron would thumbs down factual history ....
- Eliot KLv 71 decade ago
1) Much of our money is and will be in electronic form.
2) one could also argue that harvesting plants and locking up the carbon in paper temporarily sequesters carbon.
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- Anonymous1 decade ago
Aren't you going to tell us about Roy Emerald's opinion on the topic?
Oh, and American dollars are printed on cotton paper. Not wood.
- ?Lv 71 decade ago
There won't be any printing of this money
it is in Check form and it will be spent faster then you can
say Barack Hussein Obama
- Right OnLv 51 decade ago
I don't know about the planet, but oblama is definitely destoying this country with his socialist spending.
- Anonymous1 decade ago
It doesn't actually need to be printed.
- 1 decade ago
A tree holds about a million reams of paper... I predict that you are overexaggerating. And haven't you ever heard of credit?