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Old 05-03-2010, 08:17 PM
 
Location: Planet Eaarth
8,955 posts, read 18,718,727 times
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Money is an illusion..........

"As Ron Paul described how this 1.3 trillion was just created out of thin air, all Bernanke could do was nod his head. Why? Because it was the truth."

Created Out Of Thin Air – That Is Where The Federal Reserve Got The 1.3 Trillion Dollars That It Bought All Of Those Mortgage Backed Securities With
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Old 05-03-2010, 09:41 PM
 
28,668 posts, read 31,275,393 times
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Originally Posted by Tightwad View Post
Money is an illusion..........

"As Ron Paul described how this 1.3 trillion was just created out of thin air, all Bernanke could do was nod his head. Why? Because it was the truth."

Created Out Of Thin Air – That Is Where The Federal Reserve Got The 1.3 Trillion Dollars That It Bought All Of Those Mortgage Backed Securities With
Definitely. Of course, creating money out of thin air leads to the devaluation of a currency. The only reason we've gotten away with it so far is because the other large, developed countries are doing the same thing. But this is going to come to an end. And I fear it will be quite ugly.
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