Global Financial collapse

[Finnster]

@Sik:

Why can't you print money? Because its not your currency. You have no authority. The $ is legal tender of the Federal Reserve. You have no more right to print $ than you do Euros, pesos, pounds, rand, rubles, or rupies etc. Printing any of those is fraud, to state the obvious.

You can print money all you want. You just have to do it in YOUR currency. There is nothing stopping you from creating Monster Dollars or whatever you want. Bitpim is a wholly invented internet currency. The US used to be a patchwork of different currencies before there was a central bank and consolidation under the dollar. Private banks even had their own notes, as well as individual states.
The trick is getting people to have confidence in the currency.

If the FED allowed people to just issue their own notes, then there would be no integrity of the currency, and it is just paper then.