improved;1037929 said:this is the point where I stopped reading. America does not, I repeat not, just make money.Matt-
Then maybe you should have kept reading, because America does just make money, I repeat, does just make money. Have you ever wondered why a quarter isn't silver anymore, or dollars aren't backed by silver or gold? That is so they can just print more money without having to back it up with anything.
improved;1037929 said:It is a far more complicated process...
I believe I mentioned that:
suprabad;1037843 said:The complete answer would take many pages, but I'll try to explain the basics
improved1037929 said:...intracacies that go beyond my explanation.
And/or understanding. No offense, but you are buying into the b.s. that the Government and the Fed are selling, and with only a vague understanding of it (which is exactly the way they want it).
and finally....
improved;1037929 said:...backed by gold and silver, this type of backing greatly limits growth.
Allan Greenspan argued that:
"under the gold standard, a free banking system stands as the protector of an economy's stability and balanced growth... The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit... In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
While your arguement is interesting, I'm going to go ahead and agree with Greenspan. He's good too.