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Started By
Message
Is there anyone here who supports fiat curreny/the Federal Reserve?
Posted on 2/13/14 at 7:44 am
Posted on 2/13/14 at 7:44 am
I think that a lot of the economic problems we are facing are directly related to fiat currency and the federal resevere but I am wondering if anyone here thinks that fiat currency is a good thing
I know Obama drones, Krugman lackeys and liberals will think its a good thing but we already know they are economic illiterates
Any conservatives think its a good idea
I know Obama drones, Krugman lackeys and liberals will think its a good thing but we already know they are economic illiterates
Any conservatives think its a good idea
18
Posted on 2/13/14 at 7:46 am to goldennugget
quote:As opposed to what? Carrying around gold bars?
Any conservatives think its a good idea
Posted on 2/13/14 at 7:52 am to LSURussian
Doubloons
Posted on 2/13/14 at 8:01 am to goldennugget
I really don't know enough to challenge what they do. But I think they are doing well enough.
Posted on 2/13/14 at 8:09 am to goldennugget
Well, GN...if you lost your job and knew it wasn't coming back and all you had left was your credit card...and you and your family were hungry...would you max it out for essentials?
They day they shut down the printing...our asses are mud! We won't be typing on this computer.
They day they shut down the printing...our asses are mud! We won't be typing on this computer.
Posted on 2/13/14 at 8:11 am to C
quote:If there's a better way, I'm all for it. I sure don't want to go back to the barter system.
But I think they are doing well enough.
Posted on 2/13/14 at 8:15 am to goldennugget
So 90% of economists are economic illiterates?
Up is down
Up is down
Posted on 2/13/14 at 8:17 am to goldennugget
me
Posted on 2/13/14 at 8:18 am to LSURussian
quote:
I sure don't want to go back to the barter system.
I traded a pack of deer meat for a "trail a bike" yesterday. LINK /
Posted on 2/13/14 at 8:20 am to LSURussian
quote:How about reserve notes that are actually backed by something?
As opposed to what? Carrying around gold bars?
Posted on 2/13/14 at 8:24 am to RCDfan1950
quote:NSIS
They day they shut down the printing...our asses are mud! We won't be typing on this computer.
Why not double down and accelerate the printing ... oh wait, Obama has.
What the hell, double it again!
Posted on 2/13/14 at 8:28 am to goldennugget
quote:
I know Obama drones, Krugman lackeys and liberals will think its a good thing but we already know they are economic illiterates
I don't think it's possible to casty this enough.
Posted on 2/13/14 at 8:29 am to LSUnKaty
quote:
Why not double down and accelerate the printing ... oh wait, Obama has
The Federal Reserve =/= The US Government
quote:
How about reserve notes that are actually backed by something?
You would rather your currency be backed by a piece of metal with very little utility value compared to the relative strength of a a country's economy (taking supply into account)? Why?
This post was edited on 2/13/14 at 8:31 am
Posted on 2/13/14 at 8:29 am to LSUnKaty
quote:What do you mean by "backed by?
How about reserve notes that are actually backed by something?
Posted on 2/13/14 at 8:32 am to LSURussian
quote:
Posted by LSURussian quote: Any conservatives think its a good idea As opposed to what? Carrying around gold bars?
Is that what people were doing in the 1950s?
Posted on 2/13/14 at 8:32 am to LSURussian
I need to get the frick out of this thread and back to work before I have an aneurysm.
Posted on 2/13/14 at 8:33 am to LSUnKaty
quote:
How about reserve notes that are actually backed by something?
Well, they are backed by something K...'the full faith and credit of the government'.
The old adage..."solid as the dollar", is like me...fast becoming antiquated and irrelevant.
Posted on 2/13/14 at 8:33 am to BennyAndTheInkJets
Posted on 2/13/14 at 8:34 am to Turbeauxdog
quote:What's different now from the 1950's? And please don't say the dollar was backed by gold unless you can show numerous examples where dollar owners redeemed their dollars for gold.
Is that what people were doing in the 1950s?
Posted on 2/13/14 at 8:34 am to BennyAndTheInkJets
quote:
I need to get the frick out of this thread and back to work before I have an aneurysm.
If you read the OP's posting history, you'll quickly realize he has paranoia issues.
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