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samcol · 01-10-2011, 07:56 AM

This type of spending definitely is not sustainable, how long is the question.

The fractional reserve spending is indeed a tax because its the government spending money that's causing the value of the money i have in my pocket become worth less.

The government is taking value out of your pocket, that is essentially a tax imo.

~~edit

I wanted to add that I did buy quite a bit of gold. I basically dumped my life savings into gold and silver when gold was at about $950 despite the recommendations of people around me. I'm feeling pretty good about the decision at this point.

01-10-2011, 07:56 AM	#6 (permalink)
samcol Junkie Location: Indiana	This type of spending definitely is not sustainable, how long is the question. The fractional reserve spending is indeed a tax because its the government spending money that's causing the value of the money i have in my pocket become worth less. The government is taking value out of your pocket, that is essentially a tax imo. ~~edit I wanted to add that I did buy quite a bit of gold. I basically dumped my life savings into gold and silver when gold was at about $950 despite the recommendations of people around me. I'm feeling pretty good about the decision at this point. __________________ It's time for the president to hand over his nobel peace prize. Last edited by samcol; 01-10-2011 at 09:56 AM..