Buy silver, remove your cash from the banking system. Build local systems.
Money changers neutralized.
Originally Posted by ctiger2
Buy silver, remove your cash from the banking system. Build local systems.
Money changers neutralized.
"Like an army falling, one by one by one" - Linkin Park
LOL. Yeah right.
I really do not know what to make of you anymore. You just said that what ben bernanke is doing is wise? Sorry, my sarcasm sensor has been turned off with regard to any of your posts. So are you really serious?
Weird that this is just coming out now, I called it here five days ago:
http://www.ronpaulforums.com/showthr...85#post4764985
You have to monetize the debt to stave off deflation. The more money going around, the less the debt/fiscal problems matter.
The value is determined by an auction process similar to the one the Treasury uses to sell the notes. They don't purchase directly from the US Treasury usually. The Fed announces how many notes they want to purchase and the authorized Primary Dealers (who bought their Treasuries either directly from the US Treasury or from other holders of the notes) bid against each other- offering both a price and how many notes they want to sell. The Fed takes all of their secret bids and sorts them according to the lowest bid price. It takes the one with the lowest bid first and works their way through towards the highest bids until they have enough offers to be able to purchase the amounts they want. The closing price is the highest bid in the "accepted" stack which allows them to get that amount of Treasuries- and all successful bidders get the same price for that auction.
They can "invent" the money (some use the term "print" but that is not accurate- the Treasury does any actual physical printing of money) needed or it can come from money they earn from other deals and interest collected. In this case, the money will be pretty much all "invented".
Freedom is a state of mind. Nobody can take that from you unless you let them.
So the truth comes out. You support the Fed! I believe you are the first ron paul supporter I have ever met that supports the the Central Bank. Seriously, why are you here?
Actually, there are quite a few people in the Ron Paul camp who don't support getting rid of the Fed. They're just not going to say that here.
I didn't even say "end the fed"! You said that bernanke's decision to debase the currency was a wise decision. Even the people who support allowing the fed to exist in the ron paul camp do not support them debasing the currency. And by your own admission, that is what big ben is doing. Keeping prices from going down and having things become more unaffordable is the very definition of debasement.
Fine, remove end the fed. There also people here who support other measures like GDP targeting with monetary policy, a level annual increase in money supply, etc. Just because you only hear from people who are against the Fed's moves doesn't mean every RP supporter is. I'm here because I agree with most of Ron Paul's positions, not all of them.
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