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View Full Version : Truly disturbing news...

SteamWake
03-19-09, 11:50 AM
Feds print funny money !

Here read this and reach your own decision. To me this is frightning.

http://www.iht.com/articles/2009/03/18/business/fed.php
Sailor Steve
03-19-09, 11:59 AM
Since US money has been fake since 1965, I'm not sure if this is good or bad.
SteamWake
03-19-09, 12:04 PM
Since US money has been fake since 1965, I'm not sure if this is good or bad.

True but to increase it by some 10,000 % makes it truely worthless.
Letum
03-19-09, 12:45 PM
Since US money has been fake since 1965, I'm not sure if this is good or bad.

Money has been detached from value since coins first became inflated over the
value of the metal they where made from. That happened a very long time ago.
Besides, the vast majority of liquid funds are debt promises, rather than physical
coins and/or notes. The total amount of money in any country is far greater than
the amount of physical money.
SteamWake
03-19-09, 12:51 PM
The total amount of money in any country is far greater than
the amount of physical money.

Not anymore hence my concearn.
Digital_Trucker
03-19-09, 01:24 PM
Yep, let's throw some more money at it and see if it will help. What, we have none, can't stand for that, just print some more, lots more:yeah:That should solve it.
Rockstar
03-19-09, 01:40 PM
Looky loooky while everyone was looking at AIG

Looks like the Zimbabwean school of economics prevailed at FED. Nice world we live in, when the biggest economy prints money like a third-world country. Perhaps, Robert Mugabe could become the FED´s next chairman. He´s an economic guru now - A man ahead of his time.

The day when a central bank decides to print money is one of those D-days we read about in history books. They’ve built a car with an accelerator pedal and no brakes. That’s my concern. What prices are falling besides housing and energy? With quantitative easing you can kill any deflation you wish. But then don't be surprised, when hyperinflation kills you.
Sailor Steve
03-19-09, 02:08 PM
Money has been detached from value since coins first became inflated over the
value of the metal they where made from. That happened a very long time ago.
Besides, the vast majority of liquid funds are debt promises, rather than physical
coins and/or notes. The total amount of money in any country is far greater than
the amount of physical money.
Thanks for the explanation, but I knew that already. I saw 'Debt As Money' too. Was just trying to be funny.
Biggles
03-19-09, 03:42 PM
Yep, let's throw some more money at it and see if it will help. What, we have none, can't stand for that, just print some more, lots more:yeah:That should solve it.

Sounds like Germany, 1920ish. Not good, not good at all.
Jimbuna
03-19-09, 04:05 PM
Soon this will be the only currency with any real value/worth :DL

http://img22.imageshack.us/img22/5816/50large.gif (http://img22.imageshack.us/my.php?image=50large.gif)
Stealth Hunter
03-19-09, 04:23 PM
This reminds me of Germany's situation after the Great War. Chancellor Ebert authorized the mints in the Rhineland to print more money to try and even out the economy. The result: one trillion marks would be the equivalent of one American dollar.
SkysTheLimit
03-19-09, 10:05 PM
It's amazing to me that we don't have wild, out-of-control inflation - I'm sure we will in the future--impossible not to....