When watching these videos, please be aware that some of them may be far Left propaganda tools designed to actually promote fiat money, even though they do want to end the Fed. This is because they want to replace the Fed with a government-controlled currency, which is a bad thing.
The supply of paper money can be manipulated very easily, which gives the printers the ability to buy anything they want (which includes funding for wars) at the expense of everyone else in the form of devalued money. Inflation IS a tax in this regard.
The supply of gold and silver cannot be easily manipulated, and so it is a natural restraint on the power of government as well as on crony Capitalism.
#1 by Austrian Economics is Color Blind on October 21, 2011 - 9:52 am
Quote
When watching these videos, please be aware that some of them may be far Left propaganda tools designed to actually promote fiat money, even though they do want to end the Fed. This is because they want to replace the Fed with a government-controlled currency, which is a bad thing.
Here is an article explaining this:
Government Money Masters: Anti-Gold Videos that Thousands of Tea Party Voters Think Are Conservative
http://www.garynorth.com/public/8574.cfm
The supply of paper money can be manipulated very easily, which gives the printers the ability to buy anything they want (which includes funding for wars) at the expense of everyone else in the form of devalued money. Inflation IS a tax in this regard.
The supply of gold and silver cannot be easily manipulated, and so it is a natural restraint on the power of government as well as on crony Capitalism.
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