Governments Need To Cut Back As Well
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Great post again. If they would have a balanced budget, there would be no need of a gold standard. The fed is blamed for increasing the money supply. The fed usually maintains ownership of 50% of all us debt as bill/bonds. Presently it is 40% with the other 10% now mortgage backed securities. These numbers might not be too accurate. Thus, the debt determines the money supply not the fed. The federal government ultimately prints the money, and the fed is blamed for it.
pirucreek 2 years ago
I agree that governments need to have a balanced budget and even the general public should as well. The biggest problem we have today is the "i want it now" attitude. People need to cut up their credit card(s) and go back to saving again. I actually only buy something if i have the money saved and if not then i'll wait til i saved enough before i buy it.
XonixRogotta 2 years ago