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To: Kakaze

devaluing our money

Could you explain that, not sure I follow it yet.


39 posted on 01/19/2008 5:45:45 PM PST by Son House (Protection For Opportunity Seekers And Tax Payers From Congress Spending: Low Tax Rates !!!)
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To: Son House
By devaluing, I'm talking about printing another 100 odd Billion dollars.

The more dollars there are, the less they are worth, and since it isn't backed by gold or anything else its just a note, one of trillions of promises from the U.S. Gov't.

In fact they don't even have to physically print the money anymore since a lot of it will move electronically.

I think its a poor "fix"

53 posted on 01/19/2008 6:01:01 PM PST by Kakaze (Exterminate Islamofacism and apologize for nothing.....except not doing it sooner!)
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