Community | September 26, 2009 | 17 comments

Facts About Your Money & The Federal Reserve 9/26/2009

source: http://www.peacefreedomprosperity.com/?p=2545

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shanklinmike
Today the American dollar is only worth 4 cents compared to when the Federal Reserve, the same Federal Reserve System that is on every dollar bill you carry, gained control over our currency in 1913. Now that unelected bureaucrats have the ability to manipulate the currency base, a look back at history le......

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17 comments // Facts About Your Money & The Federal Reserve 9/26/2009

  • echoz
  • perma_delvin
    • 0
      perma_delvin  

    • An elastic currency is not an advantage and can't cause actual economic growth... money doesn't grow on trees, my friends. To arbitrarily create it out of thin air only weakens every other dollar that is already in circulation... under this idea you effectively steal the middle and working classes' money.
      Sure, elastic currency leads to booms (however artificial and morally hazardous it may be...) but because its only printed money and not real resources it always leads to an eventual bust, or correction.
      you can't print prosperity and you can't print precious metals... we haven't had real "economic growth"... we are a bubble economy that depends on the usd being heralded as the world reserve currency. As soon as other countries stop buying dollars - who knows what'll happen...

    • 2 years ago
  • shanklinmike
  • bullpcp
    • 0
      bullpcp  

    • The bill it mentions at the end is still being debated and the Federal Reserve's currently being looked at to regulate a greater portion of the economy than it does now. It mentions information about inflation that many people do not know about. By most definitions of News this qualifies.

    • 2 years ago
  • J_Jammer
    • 0
      J_Jammer [removed]  

    • Thank you for providing information. But it's not to be in the "news" category unless it's current as of right now this day upon posting or at least within a week. When it moves past that then there are other categories and I think this fits in with Opinion a whole lot more.

      The important thing is that you are offering information that will give others a different perspective. If I do not wish to watch or read what you have to offer I will not click the link to do so or watch any of the videos. I will not post and state that you are spamming or that you are not doing any good here.

      That is not the case. You are offering information to people and if they choose to take it then they do and if they don't they don't. It's not necessary to turn it into some lame argument of what is ok and not ok to share.

      As for the FED they are waste of space. Just like insurance companies they make things worse just by existing.

    • 2 years ago
  • shanklinmike
  • J_Jammer
  • onemindart
  • clayjj05
  • bombastinator
  • hollyMiamiFla
  • Wegg
  • unimatrix0
  • libertyforall
  • shanklinmike
  • bombastinator
    • 0
      bombastinator  
    • unimatrix0:

      well he did at least have actual content on the peacefreedomhappybunnies site instead of just a zombie link. Baby steps an all that. As for voting up I notice the first three posts were your own mike. Videos no less. These aren't videos you are afraid to post as lead links on their own articles are they?

      As to your attempted point, Yes. One of the main advantages of the securities backed money system is that the money supply can be varied according to the economy. It helps prevent booms and busts. The biggest problem with hard currency and the main reason no one uses it any more is that it prevents the economy from growing at its own pace, and gives tremendous advantages to the landed gentry who have large supplies of hard currency sitting around.

    • 2 years ago
  • shanklinmike
  • shanklinmike
    • 0
      shanklinmike  
    • shanklinmike:

      Why is this comment under review? It is an interview from yesterday with an economics Chairman professor at an accredited University. It is pertaining to the Federal Reserve.

      Just curious.

      Thank you.

    • 2 years ago
  • shanklinmike
  • shanklinmike
  • shanklinmike
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