🚀 go-pugleaf

I remember when they stopped giving out the weekly currency in circulation 
figures in the US. This should be done again.

-- 
Read and obey the Bible. Yu'shua died on the cross for our sins, He rose 
again and walked the earth. We are awaiting the Third Coming aka The Day Of 
Judgment.

Sheep are extremely fluffy.
http://www.youtube.com/watch?v=d4NEbU_YkZw#gAhmzK_HQgc

"Canuck57" <dave-no_spam@unixhome.net> wrote in message 
news:9KPUi.152250$Da.52100@pd7urf1no...
>
> "Abbot" <whosonfirst@emailaccount.com> wrote in message 
> news:1192577198.656135.152930@z24g2000prh.googlegroups.com...
>> On Oct 16, 7:03 pm, Tom P <nos...@nospam.com> wrote:
>>> I thought you knew something but all you are doing is naval gazing.
>>>
>>> The origional post pointed out that the Federal Reserve is privately
>>> owned and the owners of that organization is responsible for the
>>> economic welfare of the country. That is a scary thought to think that
>>> the US economy is guided by those individuals. Whatever happened to "We
>>> the people"?
>>
>> Abbot) Tom, that is inaccurate. The Fed ulimately answers to Congress
>> and it is not in charge of the "economic welfare of the country".
>> Maybe if you knew what you were talking about you won't be so scared.
>
> Actually Tom is right.
>
> When the fed prints/create/manufactures money it dilutes the currencies 
> worth.  In fact, depreciates the currencies value.  A fancy way to say the 
> government isn't paying it's bills in a way that does not foster 
> inflation. Canadians will also feel this pinch shortly as commercial asset 
> backed paper is in liquidity trouble.  The Canadian version of the fed did 
> the same, manufacture money.  Not a good thing.  The reason for the 
> liquidity problem is that interest rates are artificially low when 
> compared to inflation and risk.
>
> Until interest rates hit 10% I doubt this cycle will abate.
>
> But I do have faith in the USA, just needs a kick in the ass once and 
> awhile to wake it up.  Sort of like Pearl Harbor.
>
>
>