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To: AndyJackson; groanup
The real problem with the US$ as a reserve currency is that whenever the US government has been running a bit short it just prints some more

You think the Federal Reserve creates new money and hands it to the government to spend? That's funny.

A strong currency (one whose purchasing value in international markets remains releatively stable rather than declining by 50% in ~3 years)

What currency has declined 50% in the last 3 years?

The Mark / Euro has been a strong and stable currency for a long time,

Your poor math skills are showing.

68 posted on 11/21/2007 6:51:09 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: Toddsterpatriot
You think the Federal Reserve creates new money and hands it to the government to spend? That's funny.

Oh you silly silly boy. When the fed engages in open market transactions to increase liquidity by purchasing treasuries that the treasury prints and sells that is exactly what they do.

You must be the only "expert" who thinks otherwise.

69 posted on 11/21/2007 7:02:53 AM PST by AndyJackson
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To: Toddsterpatriot

By the way, can you instruct us on a few things?

1. Who does print money?

2. How does it get into circulation?

3. What is inflation? Who causes it? Who benefits?


72 posted on 11/21/2007 7:13:29 AM PST by AndyJackson
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