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Fiat Money Isn't Worth The Paper It's Printed On [Copy link] 中文

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Post time 2014-8-5 00:46:21 |Display all floors
04 August 2014.







The US Federal Reserve refuses to give a public accounting of the trillions in recent taxpayer-backed loans.

Congress has the responsibility to force a public audit of the US Federal Reserve, and the American people deserve to know how their tax dollars are being spent.

Allowing the Fed to remain out of control, and shrouded in secrecy, clearly allows for abuse and the continued stealing of US tax dollars through inflation and unaccounted electronic bank loans.

The US Federal Reserve's abuses lead to constant economic crises, like the recent housing crisis, international banking crisis, and the resulting chaos.

The US Federal Reserve System forces fuel, food, housing, medical care, and education costs upward.

History shows us that riots and violence can result when people finally realize fiat money isn't worth the paper it's printed on and refuse to accept it.

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Post time 2014-8-5 01:28:52 |Display all floors
On 9-11-2001 they blew up World Trade Center Towers 1, 2 and 7 WITH CONTROLLED DEMOLITIONS.

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Post time 2014-8-22 08:57:36 |Display all floors
dragon8 Post time: 2014-8-5 01:28
On 9-11-2001 they blew up World Trade Center Towers 1, 2 and 7 WITH CONTROLLED DEMOLITIONS.

Contrary to that, the Fed has published in detail the recipient of the loans it has given during the financial crisis.  Check it out.  Regarding fiat money, the paper is worth only a few cents, but the paper is representing real wealth which is backing the issued fiat money.  So it is worth it.  Using commodity such as gold as money is a bad way because it misrepresents the wealth that is suppose to back the issuance.  To understand further, check out in 259 Trillion Vs 5 Trillion series.  Download free presentations for your understanding.

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Post time 2014-8-23 05:05:15 |Display all floors
I have a hard time thinking of single national currency in the world that isn't a fiat currency. If such a thing is worrying you, you do better to worry about your domnestic currency rather than moaning about the federal reserve. Unless you are American of course.

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Post time 2014-8-23 11:09:34 |Display all floors
pantarhei Post time: 2014-8-23 05:05
I have a hard time thinking of single national currency in the world that isn't a fiat currency. If  ...

All real wealth is human labour and toil. Currency used to be a means of exchange to replace the bartering system, whereby one paid a goat for two pairs of shoes or six eggs for a haircut and shave.

All commodities are free but for the labour required to produce them. The earth does not charge the farmer for the corn, nor does the mine charge the miner for the ore. All that the earth needs to supply everything is human labour.

The price of anything represented the labour saved by the buyer. That is real wealth and may be represented by any token used as currency.

The concept degenerated through the advent of profit and usury. Both these concepts are parasitic elements attached to real wealth, as they have no corresponding labour equivalent for their existence.
The world needs more idiots like me, all the others think they are clever.

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Post time 2014-8-23 13:21:17 |Display all floors
TheHermit Post time: 2014-8-23 13:09
All real wealth is human labour and toil. Currency used to be a means of exchange to replace the b ...



Those that have hijacked and abused a medium of  exchange to such an extent until today, are real loath to let go of their control. If it became a true free market, the wealth distribution would be inverted... most people would be much, much, better off, even quite well off, and a few, very few would be very very much less wealthy than they are now. Parasites do not voluntarily let go..
My friend the Black Swan

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Post time 2014-8-23 13:25:44 |Display all floors
TheHermit Post time: 2014-8-23 13:09
All real wealth is human labour and toil. Currency used to be a means of exchange to replace the b ...

Any capitalist will recognise those facts you list. The ethical ones will take a reasonable proportion of the wealth as their right for contribution by - organisation, innovation, motivation etc. They will not try to control the whole arrangement to such an extent that the labour is maintained always poor enough to be desperate and let go of their human dignity and work at dictated prices and rates...
That has always been the problem in human economics. A good balance, if struck, will maintain the peace... It is quite unbalanced now in large areas of the world.
My friend the Black Swan

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