LibertyReign commented on Back To The Basics: What Is Money?

"@snowmoon: Unless we obeyed the law and allowed those business to fail."

LibertyReign commented on Back To The Basics: What Is Money?

"@rainmkr: Yeah..learning is for lamers.."

LibertyReign commented on Back To The Basics: What Is Money?

"@SinisterMatt: LOL!"

LibertyReign commented on Back To The Basics: What Is Money?

"@gareki.ga.haikyo.ni: "what would that be worth if there were no longer any goods or services for which it could be redeemed?" You mean money would have no value if there wasn't anything to buy with it?"

LibertyReign commented on Back To The Basics: What Is Money?

"@B: More likely in response to the American public's short attention span finally refocusing off of the Great Depression and still reeming from the war."

LibertyReign commented on Back To The Basics: What Is Money?

"@humphrmi: Oh.."

LibertyReign commented on Back To The Basics: What Is Money?

"@Difdi: Anoter great reason to have your money backed by tangible commodities."

LibertyReign commented on Back To The Basics: What Is Money?

"@xerent: ..and uh.."

LibertyReign commented on Back To The Basics: What Is Money?

"@xerent: "Well, the Federal Reserve only prints a set amount of money, and keeps the scarcity stable that way." You are correct, but you failed to acknowledge that the "set amount" you refer to is "whatever the Treasury requires", unless of course you believe that 700 Billion dollars(just to start) for the crooks in Washington, 3 Trillion for an illegal war based on lies, 50 trillion in "benefits" promised to generaltions of Americans who will see nothing, iced off with a cool trillion spent on maintaining our empire around the world, are all "set amounts" which benefit the value of the so-called dollar by keeping it "scarce"."

LibertyReign commented on Back To The Basics: What Is Money?

"@Vander: Vegetable oil..."