The Fed is exporting currency primarily via illegals, the drug trade, and oil. They print it and it doesn't stay home to "cause inflation." Instead, it is the direct export of American wealth: your home, your retirement, and your children's inheritance.
Aren't they generous!
posted on 01/31/2013 11:46:55 AM PST
(Islam offers us choices: convert or kill, submit or die.)
The amount of money being sent by migrants across the entire world reached $530 billion last year, making it a larger economy than Iran or Argentina, the data from the World Bank showed.
This is a global issue. It is also an incentive for the Third World to send more and more of its population to the developed countries as a matter of policy. Is it any wonder why the Mexican government doesn't clamp down on its border with the US? They get more in revenue from their nationals in the US than they collect in oil revenue.
posted on 01/31/2013 12:01:46 PM PST
"They print it and it doesn't stay home to "cause inflation."
Interesting, so your point would be that the dollar is used unofficially as a trading currency in multiple countries. Because as you know, dollars are only good in the USA which means somehow they are coming back... thus inflation. So your theory would then suggest these black markets are somehow impervious to the laws of money supply.
posted on 01/31/2013 12:19:23 PM PST
by 11th Commandment
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