Posted on 12/23/2013 3:22:13 PM PST by BfloGuy
I suggest you expand on that a bit. Congress has the power to pass laws it is empowered to pass.
Article. I.
Section. 1. All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.
The Congress is empowered to enact legislation only within the enumerated powers.
Congress has no other constitutional powers.
Well that's the whole point! A fixed supply of currency is stultifying. That's the theory, but a convincing one, I think.
No banker is in the business to be poor because they prey on people and governments.Didn’t your mother teach your that?
LOL!Your logic defies common sense.
http://www.silverdoctors.com/100-reasons-to-shut-down-the-fed-forever/#more-36553
It makes sense to me that if the value of money soars, the holders of money are encouraged, to say the least, to hold on to it, and less and less money is available for circulation, until ultimately you have a handful of Scrooge McDucks lording it over an idle and destitute populace.
Right,The feds money only soars.LOL!
My mother idolized Roosevelt, and speculated in stocks.
As to poor bankers, what happened to them in the 1930's? Why did they go bust?
Since you're in a mood to teach, I'll let you tell me.
Your mother was a fool.
You should know better than to say such a thing.
“...Your mother was a fool...”
-
Did your mother have any children that were normal?
>> “As the dollar inflates in value, the value of most assets also rise to match it over time.” <<
.
And all personal wealth is slowly taxed out of existence.
Inflation is the enemy of freedom and personal wealth.
When people are desperate they will do anything including getting involved in government Ponzi schemes to get out of their problems but it’s sad the government doesn’t come forward and say they created the problem along with the federal reserve to begin with.Government is the problem and will never be a solution.
As the value of money has sunken to near nothing, the bankers are lording it over an unemployed former middle class that is rapidly approaching destitution.
Theories will get you no where in the real world.
They’ll ‘open the books’ any day now for that audit by Congress fed”. Any day now. Pretty soon.
It’s all abover board. Yep.
To see the devaluation you claim, milk would be over $50 a gallon, gas over $200.
If I own a business with $X million worth of assets, then there's not likely to be eroded by inflation over time. If anything, inflation works in my favor if the business finances its capital expenditures with long-term debt by effectively reducing the debt burden over time.
Inflation affects wealth heavily, due to the way it is taxed.
Real estate is a good example. As inflation drives its imaginary value up, taxation extracts real value that will never be returned, regardless of the cycles of the economy.
You can’t possibly mean that.
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