Could the Federal Reserve ever go bankrupt literality run out of money my guess is no sinc

[aid632007]

Could the Federal Reserve ever go bankrupt literality run out of money my guess is no since they can just print more Money if they ever run out ?

http://answers.yahoo.com/question/index?qid=20100620154146AAp9CMU

[aid632007]

Does anyone know thank you ?

[TheBlackPeterSchiff]

No, because they can literally create money.

[low preference guy]

No, because they can literally create money.

Exactly. But as they create more money they diminish the value of each dollar. Over time, it becomes a worthless piece of paper, so if they print more it doesn't matter because the newly printed dollars don't buy anything.

[cameronb]

I don't think they really can, since the U.S. government and the People of the U.S. are responsible for the debt, but regardless of whether they can or not, those that own the Federal Reserve bank(s) are making money hand over fist and buying hard assets with the money they are making on our backs.... so even if the Federal Reserve banks went under, the powerful cabal of individuals that have profited off of this fraud would still be sitting pretty....

[MozoVote]

A central bank does not go bankrupt. It introduces larger denominations of currency, which eventually become absurdly large. At some point, a new currency is introduced or they chop off some zeros from the old currency's denomination.

Brazil is a good example of this:
http://www.atsnotes.com/catalog/banknotes/brazil.html

A travller describes living with this kind of inflation:
http://www.dispatchesfromthevanishingworld.com/pastdispatches/brazil/mom.html

[anaconda]

I think they would be powerless and of no consequence if the currency is rejected by the people (hyperinflation). I think the Schiffs and the Pauls are suggesting that the Fed is on a course to put themselves out of business.

[Lothario]

Look at the history of the German mark. In the early 1920's there were 252 billion marks, maybe a year later there were 2 trillion marks, 9 months later there were 28 quadrillion marks, 2 months later there were 497 quintillion marks. Then the currency lost all value. So, yes, the Fed will never run out of dollars, but that doesn't really matter when the dollar has no value. It will be cool to say I've got 50 zillion dollars in my wallet and be telling the truth, but it won't be cool when that doesn't buy a loaf of bread.

[KCIndy]

http://www.gold-speculator.com/attachments/editors-picks/7635d1267474318-shadowstats-com-hyperinflation-special-report-update-2010-zim_trill_2.jpg

http://webrevolutionary.com/price/img-large/1923-germany-500-million-mark-note-very-rare-note_370473342377.jpg

http://t2.gstatic.com/images?q=tbn:ANd9GcQs97SHviB_qxLxm3VIOAbTdyLxqhIou RzSDITDiZzJ-Q_-Pkom

coming next????

http://www.affordablehousinginstitute.org/blogs/us/million_dollar_bill_small.jpg

[Aratus]

the opening question assumes an
open ended set as an answer???

[Aratus]

woodrow wilson is on the USA $100,ooo bill.