Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: untrained skeptic

If only they would exercise its authority against the people who are really undermining our currency, the Federal Reserve Banks - did you see the photos of the immense pallets of $100 bills being shipped over to Iraq?


523 posted on 11/15/2007 1:22:00 PM PST by mvpel (Michael Pelletier)
[ Post Reply | Private Reply | To 521 | View Replies ]


To: mvpel
Well, since the government has the authority to do it, it's called regulating the value of the currency.

I think I understand the point you are making.

The point I am trying to make is that you can disagree with our government's monetary policy. You can lobby to change it.

However, you can't try and usurp the government's constitutionally granted authority and coin your own money, and try and undermine the government's regulation of the US dollar. That's insurrection.

I may not agree with what the government does with monetary policy, but I recognize that the Federal government has the authority to do it.

I do recognize that if we don't start showing some fiscal restraint, we are likely to remove ourselves from being the most powerful nation in the world economically. If that happens, the dollar's slide is going to continue for a long time, because the value of the dollar is based on the world's faith in our economy, and if we lose the number one spot, it's going to take a serious hit.

Fortunately for us, the economies of the world are so intertwined through trade that if we take a big hit, pretty much everyone else does as well, which has helped keep us on top despite our own foolishness.

546 posted on 11/15/2007 1:57:15 PM PST by untrained skeptic
[ Post Reply | Private Reply | To 523 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson