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

Quote:

Originally Posted by Sailor Steve

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

Quote:

Originally Posted by Sailor Steve

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

Quote:

Originally Posted by Letum

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

[sarcasm] 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

That should solve it. [/sarcasm]

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

Quote:

Originally Posted by Letum

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

Quote:

Originally Posted by Digital_Trucker

[sarcasm] 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

That should solve it. [/sarcasm]

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

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....

03-19-09, 11:50 AM	#1
SteamWake Rear Admiral Join Date: Mar 2005 Posts: 13,224 Downloads: 5 Uploads: 0	Truly disturbing news... 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 __________________ Follow the progress of Mr. Mulligan : http://www.subsim.com/radioroom/showthread.php?t=147648

03-19-09, 11:59 AM	#2
Sailor Steve Eternal Patrol Join Date: Nov 2002 Location: High in the mountains of Utah Posts: 50,369 Downloads: 745 Uploads: 249	Since US money has been fake since 1965, I'm not sure if this is good or bad. __________________ “Never do anything you can't take back.” —Rocky Russo

03-19-09, 01:24 PM	#6
Digital_Trucker Silent Hunter Join Date: Jul 2007 Location: The Peach State Posts: 4,171 Downloads: 141 Uploads: 10	[sarcasm] 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 moreThat should solve it. [/sarcasm] __________________ RSM-GIEP-Killflags-LV Tribute-Playable Elco __Peace be with you, Dave.

03-19-09, 04:05 PM	#10
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,525 Downloads: 63 Uploads: 13	Soon this will be the only currency with any real value/worth __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

03-19-09, 01:40 PM	#7
Rockstar In the Brig Join Date: Nov 2002 Location: Zendia Bar & Grill Posts: 12,614 Downloads: 10 Uploads: 0	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.

03-19-09, 04:23 PM	#11
Stealth Hunter Silent Hunter Join Date: Nov 2006 Location: Y'ha-Nthlei Posts: 4,262 Downloads: 19 Uploads: 0	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.

03-19-09, 10:05 PM	#12
SkysTheLimit Swabbie Join Date: Mar 2009 Posts: 5 Downloads: 0 Uploads: 0	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....