Today is the 99th birthday of the Federal Reserve Act


By Dan8267   Follow   Sun, 23 Dec 2012, 8:12am   351 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


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    1   10:55am Sun 23 Dec 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected  

    Must be fun to be able to print money and loan it to whoever you want at 0% interest.

  2. The Professor


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    2   6:52pm Sun 23 Dec 2012   Share   Quote   Permalink   Like   Dislike (1)  

    US Money Supply

    All fiat currencies end up worthless!

  3. Dan8267


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    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


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    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.

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