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To: TigerLikesRooster

Congress created the crisis, not the Fed.


3 posted on 08/29/2009 7:48:41 AM PDT by DManA
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To: DManA
Congress created the crisis, not the Fed.

Correct, requiring banks to lend to those who couldn't repay, spending more than they receive in taxes, and confiscatory tax rates will do us in always. The value of the dollar has stayed remarkable steady through this mess, so the Federal Reserve has been able to accomplish it's primary task.

9 posted on 08/29/2009 8:07:54 AM PDT by ALPAPilot
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To: DManA

Disagree. It is only because of paper fiat currency that America has been able to get in such enormous debt.

http://goldismoney.info/forums/


10 posted on 08/29/2009 8:08:04 AM PDT by American Silver Eagle
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