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To: DannyTN

What is so great about highly manipulated fiat currency tied to nothing?


5 posted on 06/27/2013 3:10:57 PM PDT by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off. -786 +969)
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To: CodeToad
What is so great about highly manipulated fiat currency tied to nothing?

Oh, it's tied to something.

That would be YOUR LABOR...you know, the "full faith and credit of the United States".

Translation: the taxing power of the Federal government.

The collateral for the currency is US. We really are nothing more then debt slaves for the banks.

They're gonna kill the Income Tax when pigs fly. It's the basis for their scam.

9 posted on 06/27/2013 3:14:33 PM PDT by Regulator
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To: CodeToad; expat_panama
"What is so great about highly manipulated fiat currency tied to nothing?"

A lot actually. In the chart below you can see from the grey areas how much fewer and shorter durations economic downturns have been since we went fiat.

You can also see how much lower the year to year fluctuations in the purchasing power of the dollar have been (The orange line). Which is great for business.


13 posted on 06/27/2013 3:23:22 PM PDT by DannyTN
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