You call the the counterfeit system of fiat money working? Does the dollar working evidenced by it's steady decline in buying power since the creation of the Federal Reserve Central Bank in 1913 with it's inflationary money printing and arbitrary interest rates? Do you think the current round of even more trillions of dollars of magic money from the Federal Reserve on top of the rest of the trillions that are created out of thin air yearly to cover the gluttony of D.C. is going to end well?
There once was a time when there was honest money, the peoples money, when they could be assured that a dollar was just as valuable and could buy the same amount of goods, if not more year after year outside of wartime and other government calamities.
https://www.bullionstar.com/article/the-last-time-us-declared-bankruptcy 

Are we headed toward what is has been occurring in the socialist Utopia of Venezuela and now occurring in Lebanon?

“The underlying causes of inflation are always the same,” the professor was quoted by Reuters as saying. “Governments start running larger and larger fiscal deficits and call on the central bank to fund those deficits because tax and bond financing avenues are inadequate. In hyperinflations, central banks are required to virtually fund the governments entire fiscal operations.”
https://fee.org/articles/hyperinflation-arrives-in-the-middle-east/ 

Sound familiar?
You can't defy the laws of economics forever and expect come to out a winner.

RayR wrote:

All I hear is Blah de da Blah de Blah de Blah Blah Blah Blah Blah!

So how many Marxist Progressives do we have here? I know there's always left religionists about hiding.

RayR wrote:

So he's got nothing.

Just decided that since someone is atheist they must also be marxist progressives.

victor809 wrote:

You are implying his statements use logic poor as it may be. Would you kindly show me any passage where Ray Ray has used any logic. Maybe Jonesy can decipher his posts, they are sort of like dumpster diving.

Speyside wrote:

I feel that way about the fiat FED funny money called a dollar. It has non-existent intrinsic value as money. There is only a mystical belief that it does, and God has nothing to do with that.

RayR wrote:

I feel that way about the fiat FED funny money called a dollar. It has non-existent intrinsic value as money. There is only a mystical belief that it does, and God has nothing to do with that.

RayR wrote:

But it's backed by "the full faith and credit" of the UNITED STATES CORPORATION, Ray. Surely that makes you feel better.

RobertHively wrote:

................... This is just a child's explanation of what went wrong and is wrong...............

CelticBomber wrote:

You guys are real economists aren't you. Should we go back to gold or silver certificates? Have you considered the value of gold and silver as a backer to currency is also an illusion? Currency backed by precious metals held us back. Once we got off the silver standard our economy exploded. Our economy became the biggest and strongest in the world. Our problem isn't that our currency isn't backed by some precious metal. It's lack of regulation and the deregulation that's happened over the past 40 years. You guys old enough to remember the Savings and Loan scandal in the 80's? That happened after the rules that were put in place to protect people's money were ended purposefully. Look up the Keating 5 if you're unfamiliar. The housing market fiasco that we just went through? That was possible because of deregulation again. Glass-Steagall was put in place to separate investment banking from retail banking after the big crash of 1929. It was allowed to expire and replaced by Gramm–Leach–Bliley in 1999 because it was seen as too restrictive. In 2008 the world economy was crushed by these banks because of this. It only took 9 years once the rules were erased and replaced. Who paid for these things that our politicians did at the behest of their donor's? The tax payers.

This is just a child's explanation of what went wrong and is wrong. It's so much more complex. But, the one thing that isn't a problem is that money has a non-existent intrinsic value. That's actually a plus.

CelticBomber wrote:

you left out Silverado and the other Bush Brother...Neil?

frankj1 wrote:

"Biden hates God"

I'm willing to go out on a limb here by saying "I don't think it God give a flying fuque if Biden likes him or not."

BuckyB93 wrote: