View Single Post
Old 02-05-2009, 09:29 AM   #12 (permalink)
Senior Member
Grapist's Avatar
Join Date: Dec 2007
Location: Austin, TX
Posts: 2,260
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.

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.
(Offline)   Reply With Quote