The US Dollar, Fiat Currency or Fake Money?
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Mr. Exxon won;t tell where the oil is because it is corporate secrets
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Fabri Fibra's song called Spara al Diavolo...just reminds me of the Fed....if you understand Italian...check it out!!
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@RawMeatRocks because is not a matter of credit as much as it is goods. Our bonds are purchased with goods sold to the public and the goverment
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--- 1 $ from 1913 (and they did not have Inflation)
in 2010 is worth 39 $ today plus inflation.
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JSargent8458 -- Dollar in 1913 was backed by Gold.
But Goverment can not fight WAR if Dollar gets backed by Gold there is simply not enough dollars to fund it.
That is why They went FIAT .
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Love Jim, although he's an idiot
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This is a "joke". We had fiat money since 1933. Can anyone tell me what American money is backed by since it is not gold? I can give you one clue "OUR LABOR", the small people create the labor and the CEO, Wall STreet, Top executives, steal the profit. At the end of the week you get a check (a promise to pay) but you are not paid with real money, it money with no extrinsic value. Your labor is paid with debt. Thats why America is still in DEBT. Wake up people we are getting robbed.
1 year ago 3
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@vitanovagypsy and how much did the average worker get paid back then? Inflation is only really bad when it gets too far ahead of wages.
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@JSargent8458 Now the old oil wells which have gone dry are now refilling!
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President Wilson was tricked into passing the Federal Reserve Act and later said: "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men."
Youanden 3 years ago 11
"why can't we print enough money to cover all the debt in the world. give every one a clean start. I'm all for it!"
You already have: it's called Monopoly. Great game, and the money in it has the same value. Plenty of it has already been printed. Just use that.
RawMeatRocks 2 years ago 6