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Old 10-04-2006, 03:59 AM   #5 (permalink)
The_Dunedan
Junkie
 
That's the thing about the Federal Reserve fiat-currency scam; there is no money to begin with. Money has value; the Federal Reserve Dollar is a means of trading on a portion of the U.S. Nat'l Debt, sort of like leveraging a veeeeery small share of a mortgage. When the Fed wants more money, it borrows the credit needed from the various banks which make up the Federal Reserve ( which is neither Federal nor posesses of Reserves of any sort ), print loads of slips of paper corresponding to shares of this new debt, and then "spend" these debt-transfer "dollars" into circulation. It's not a case of stealing an actual asset; there's nothing there to "steal" in the first place exept for a miniscule share of the US Debt. If the dollar were backed by something, as it was 100+ years ago, it would actually be theft since there would be something there to steal in the first place.
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