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

To: Hunterite
Europe and Asia have received a free ride since America has always been the consumer of last resort

When you consume someone else's production in exchange for currency that the federal reserve creates in the banking system, who is getting the free ride?

98 posted on 11/21/2007 11:15:34 AM PST by AndyJackson
[ Post Reply | Private Reply | To 95 | View Replies ]


To: AndyJackson

“When you consume someone else’s production in exchange for currency that the federal reserve creates in the banking system, who is getting the free ride?”

**********

Just because the dollar isn’t backed by gold doesn’t mean it can’t be devalued.


102 posted on 11/21/2007 11:20:42 AM PST by Hunterite
[ Post Reply | Private Reply | To 98 | 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