Posted on 09/21/2008 6:06:20 PM PDT by JasonC
Originally, the government created fiat money that was legal tender primarily for transactions with the government, ie. taxes...It would be ironic that they demand payment in specie, and illogical anyway as they know it cannot happen.
More government and regulation is not the answer. The free market has correction mechanisms in place that can absorb most blows.
I appreciate your passionate views and analysis, and I certainly think the American worker and citizen can get it done like no other on the planet, but in the face of destructive regulations, a fiat-money financial system, and a federal government too poll-driven and short-sighted to stay the heck out of the way, I, unlike you, have a very real concern for the stability and long-term viability of our present economy.
Thank you for your clearheaded thinking.
“The government is going to unwind these crazy derivatives and CDO’s and credit default swaps.”
If this is such a great deal, why aren’t banks, pension funds and the dollars sitting on the sideline rushing in to buy them and make a fortune?
Fear.
LOL!
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