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Today is the 99th birthday of the Federal Reserve Act

By Dan8267   Follow   Sun, 23 Dec 2012, 8:12am   303 views   4 comments
In Boca Raton FL 33433   Watch (1)   Share   Quote   Permalink   Like (2)   Dislike (1)  

99 years of screwing the American public.

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1. Patrick Follow Befriend (54) 5,240 threads 6,173 comments 46 male Menlo Park, CA Premium

   1   10:55am Sun 23 Dec 2012   Share   Quote   Permalink   Like (1)   Dislike   Must be fun to be able to print money and loan it to whoever you want at 0% interest.

2. The Professor Follow Befriend (5) 25 threads 1,324 comments Premium

   2   6:52pm Sun 23 Dec 2012   Share   Quote   Permalink   Like   Dislike (1)   US Money Supply All fiat currencies end up worthless!

3. Dan8267 Follow Befriend (17) 785 threads 7,969 comments Boca Raton, FL Premium

   3   1:25pm Tue 25 Dec 2012   Share   Quote   Permalink   Like   Dislike (1)   The Professor says All fiat currencies end up worthless! Actually, if you can keep inflating a fiat currency indefinitely and it will simply exponentially decay without ever reaching zero value. As such, you can tax everyone indefinitely without ever destroying the currency.

4. The Professor Follow Befriend (5) 25 threads 1,324 comments Premium

   4   2:54pm Tue 25 Dec 2012   Share   Quote   Permalink   Like   Dislike (1)   Dan8267 says The Professor says All fiat currencies end up worthless! Actually, if you can keep inflating a fiat currency indefinitely and it will simply exponentially decay without ever reaching zero value. As such, you can tax everyone indefinitely without ever destroying the currency. I stand corrected. At the current creation rate dollars will one day make good fire starter.