Wednesday, July 31, 2013 6:17:49 AM
SPrinkZ - all money is just a symbol. Whether you're using gold, tobacco leaves or paper representations of silver, it`s all just symbols and are valid only as long as people believe in the value of the symbol. Actual real value has little to do with it. Money is about faith in the Dollar.
Wednesday, July 31, 2013 4:22:07 AM
Gerry...you do realize that our dollar is merely an inflated monster, right? And that we've vested interests in keeping it appearing alive and well even when it`s not. The entire world has been trying to get away from the dollar for a while now and we`ve stopped them.
Tuesday, July 30, 2013 7:38:34 AM
97% of new money is created by banks, not the fed. The government just makes hard cash; most money is just numbers in computers, and more is created every time a new loan is taken out. This is where inflation and housing bubbles come from, not from the fed. Read the book "Where Does Money Come From."