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Old 02-05-2009, 09:29 AM   #12 (permalink)
Grapist
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Join Date: Dec 2007
Location: Austin, TX
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Quote:
Originally Posted by Sparrow View Post
Is that necessarily causative though?
No, not to anyone who has even a basic understanding of Modern Money Mechanics. Devaluation is an expected result of creating money out of debt. Has nothing to do with atheist fear mongering.

Quote:
Originally Posted by emgee View Post
Isn't the problem that the dollar isn't backed with anything since the federal reserve act?

The dollar's been inflated over and over since the fed took control... and, as a scary number of people are unaware, the federal reserve isn't exactly federal or governmental at all... Like the federal express!
Guess what union of european nations also backs their currency with nothing but a fractional reserve process.
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