Texas Congressman Ron Paul has slammed the Federal Reserve for printing money to manipulate interest rates and undermining the salaries of workers and savings of older people.
Paper money from pure fiat central banking, backed by nothing other than government debt - a process that was born after the gold standard was lifted by the United States which has led to rampant inflation since then - is a mystery to most ordinary people.
Our economy and stock market is falling apart. Banks are failing and our government is either doing nothing or injecting more money into our economy as a quick fix to help the money issues.
If it was up to me to fix this problem I would stop printing money or remove the money that physically doesn't exist from circulation. Supply and demand states that if your supply goes down demand goes up. So by removing money our demand goes up and makes our dollar worth more.
Thursday, September 18, 2008
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