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Counterfeiting Money - Crime or Good Economics? »

Posted by: Neophile 2 years, 9 months ago

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Did you ever think that a counterfeiting money could be good for the economy and that the counterfeiter could be considered an economic genius or even a national hero?

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Neophile

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Comments: 8

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doppich
Feb. 9, 2007, 9:09 a.m.
It wasn't very many years ago that Greenspan worried that the projected budget surpluses and debt retirement would cause a liquidity crisis in world trade. He and Bush certainly took care of that problem, to the point where there are so many dollars that more and more countries are reluctant to hold dollars and dollar instruments.
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lbrunnels
Feb. 9, 2007, 6:05 p.m.
In one article, this dimwit says that there is no inflation, and, that house prices keep going up and up. FOOL. I have to live indoors. I do not need another Chinese TV, radio, or couch. All I can afford is his high priced indoor living, a phone, insurance for an old truck, and groceries.
FOOL, FOOL, FOOL....
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lbrunnels
Feb. 9, 2007, 6:28 p.m.
Oh. By the way, the Fed doesn't print US dollars. They print Federal Reserve Notes. Very Different. US Constitution doesn't allow for a dollar that is not backed by gold or silver. This is the reason they went to FRN's. FRN's are inflatable, having no absolute value. A one troy ounce gold coin, an American Eagle, has a value of $50 US. It will cost you $667.30 FRN to get one.
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LABELDUDE
Feb. 9, 2007, 9:02 p.m.
I feel so much better about my Uncle Louie now!
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riverdog
Feb. 9, 2007, 10:47 p.m.
Abolish the Federal Reserve and live as free people, free from the private owners of the Federal Reserve, their interest traps and global ambitions.
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JenMurdock
Feb. 9, 2007, 10:51 p.m.
Great article!
The US govt got rid of the gold standard a looong time ago. Don't believe me? Try to get your paper money equivalent in gold. HA! They won't do that...anymore!
As I started reading this article, I was thinking, 'heck, that's what that one african dictator was doing, and ruined the economy', then I thought, heck, this is what our reserve is doing, ha ha. LOL! Yeah, and it was Greenspan. No surprise!
HOW CAN THE FED RESERVE BE OWNED BY "PRIVATE" INTERESTS? Should this not be ILLEGAL?!?
Initial sponsorship of "legal counterfeiting" came from the Fed and Central Bankers in general, but once Wall Street got a hold of the magic printing presses, things have gotten more than a little out of hand. This is what happens when you have money backed by nothing and borrowed into existence. This is also what gold lovers see when they recommend gold.