Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: C19fan

government spending, with massive debt in a printed, fiat, low-interest, currency is very easy. Leftists and social engineers particularly like it.


8 posted on 12/06/2018 10:53:15 AM PST by PGR88
[ Post Reply | Private Reply | To 1 | View Replies ]


To: PGR88

It was Bush the Younger who really kicked DC Metro into high gear when he supersized the deep state security apparatus.


10 posted on 12/06/2018 10:54:22 AM PST by C19fan
[ Post Reply | Private Reply | To 8 | View Replies ]

To: PGR88

The value of a currency is determined by what it will buy not a government “fiat”. That is an incorrect though common misunderstanding about what currency is. It is a FAITH currency.

It matters not what the government says a currency is worth just the fact that the user has faith that it is worth something.

When the currency is truly a fiat currency it will be replaced by a more trusted instrument: gold, silver, jewels, property, etc.


20 posted on 12/06/2018 11:22:15 AM PST by arrogantsob (See "Chaos and Mayhem" at Amazon.com)
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson