To: LibLieSlayer
Our political leaders didn't "screw up". They were given an offer they couldn't refuse. Congress outsourced the nation's monetary control to a quasi-public/private venture fund (the Fed).
Why? Because politicians back in 1913 were clueless? Anyone with an IQ above 100 can readily understand compound growth. The guaranteed failure of debt-money can be (and is) easily modeled. So why was it not only embraced, but made sacrosanct via legal tender laws?
16 posted on
12/01/2011 9:32:15 AM PST by
semantic
To: semantic
The guaranteed failure of debt-money can be (and is) easily modeled. Great.
Please post a testable model for us.
To: semantic
It happened because some were enemy agents of evil... and others just SCREWED UP.
LLS
31 posted on
12/01/2011 9:58:27 AM PST by
LibLieSlayer
("Americans are hungry to feel once again a sense of mission and greatness." Ronaldo Magnus)
To: semantic
The designated way out is the power of compound inflation. There will be failures but not all the debt will be swept away.
The value of the debt will decline as the result of compounded inflation
37 posted on
12/01/2011 10:37:10 AM PST by
bert
(K.E. N.P. +12 ..... Crucifixion is coming)
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