[–] bush2016nazi [S] ago
Read the Book learn about 'what is money'
A Primer on Money, Wright Patman, US Congress 1962
http://www.devvy.com/pdf/2006_October/Patman_Primer_on_Money.pdf
FYI this guy Wright was the intellectual father of Ron Paul, he's the one who taught ron paul the secrets of the Federal Reserve Bank
What is money, its anything that people are willing to trade with, human hairs, shells, or scraps of paper.
[–] bush2016nazi [S] 0 points 1 point 1 point (+1|-0) ago (edited ago)
Read the book "primer on money", then come back and talk with me. I moved this thread to the top, so it doens't get buried by the trolls with downvotes
http://www.cfr.org/financial-crises/dangerous-us-government-debt/p22408
CFR seems to think the USA is on the brink of collapse, but who are they?
How about this rather than talking about toilet paper money backed by a gun or nuke, allow me to tell you about real money backed by gold. USA money is rated bbb
Only two currency on earth are AAA, they be backed by solid gold they be CHF, and SGD
Now that be money,
The world is not for much longer going to trade in USD toilet paper, then how will USA repay its debt with faux money? It will not.
[–] Firebrigade ago
How about instead of me reading books about the problems with fiat money; I have. You tell me the advantages of fiat money and the problems with gold backed currency.
[–] bush2016nazi [S] ago
It's a boring rhetorical question, me and you both know that without fractional reserve that bankers can't get rich and flood the world with toilet paper. A pure economy based on labor, doesn't allow the leisure class to collect interest on the working class.
A gold based currency economy is based on labor, family, and living. A paper based currency, is mercantile economy based on faux paper where non-workers can get food from a farmer.
In a non-fractional reserve situation the GOV couldn't pump up the stock market 10 trillion year 2 year, U must have a clue on some this? yes or no?