Monday, January 30, 2012

Video: The Federal Reserve is the Biggest Counterfeiter on Earth

Makes an interesting point, doesn't he?

1 comment:

  1. Bob confuses different parts of the Consitution.

    Bon needs to read all of Article 1
    both section 10 he quotes but also section 8 which he does not quote.

    Bob cites the limit of power of states to coin currency. Article 1 Section 10
    1: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

    It seems Bob hasn't read is the empowerement of the federal government to coinn money for which there is no limit tied to a gold standard.

    Section 8
    1: The Congress shall have Power

    5: To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;


Breaking US Dollar Collapse News

What's Behind the Decline of the US Dollar?

This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011
Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.