Basically it comes from a big printing press loaded with green ink and paper.Amazing how many billions can be turned out in just a few days
Billions of Dollars pumped in overnight? Where is it coming from?
by restrangled 76 Replies latest jw friends
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golf2
Check out Louis McFadden on the Federal Reserve.
Http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Artic... -
Witness 007
It's obvious that the money is coming from Satan the Devil............or the Porn industry.
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drwtsn32
http://www.healthfreedom.info/Federal_Reserve_Fraud.htm
BA... I'm sorry, but that site is a joke. Chemtrails? REALLY? AIDS conspiracy theories... Herbal tea cancer cures... ROFL.
I actually was reading the Federal Reserve stuff with interest but was a bit turned off (even before I saw the conspiracy theory garbage) by the lack of references and emotional language. But I do find the Federal Reserve debate interesting. After doing more research it seems that using the gold standard is not perfect, either. There are pros and cons to any system. What I also find interesting is that NO country currently uses the gold standard -- all seem to use fiat currency.
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restrangled
OK, can some one now explain FIAT.....? What does that mean? A Fiat use to be a small, cheap foriegn car.
Financially Incompetant and Totaled?....(.just being silly.).
Seriously, I would like to know.
r.
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Robdar
OK, can some one now explain FIAT.....? What does that mean? A Fiat use to be a small, cheap foriegn car.
Financially Incompetant and Totaled?....(.just being silly.).
Seriously, I would like to know.
Just do a search in google. You'll find all kinds of interesting information. Here's something from Wikipedia. http://en.wikipedia.org/wiki/Fiat_currency
The terms fiat currency and fiat money relate to types of currency or money whose usefulness results, not from any intrinsic value or guarantee that it can be converted into gold or another currency, but instead from a government's order (fiat) that it must be accepted as a means of payment.
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drwtsn32
FIAT = fix it again, Greenspan. Oh, wait...
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restrangled
I took Rodbars advice and looked up FIAT...
The terms fiat currency and fiat money relate to types of currency or money whose usefulness results, not from any intrinsic value or guarantee that it can be converted into gold or another currency, but instead from a government's order (fiat) that it must be accepted as a means of payment. [1] [2]
I described it (as a joke) .... as a small foriegn car with little to no value.....apparently I was not far off .....do you read anything different? .....this really stinks! I was on the mark.
r.
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drwtsn32
Haha, well fiat money *does* have value...it's just not backed by gold or anything else tangible. And its value can fluctuate at the will of the powers that be.
There are advantages to using the fiat money system over something like gold, though. It's not all bad. And there are disadvantages to using the gold standard.