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Quote of the Day:
"In the general course of human nature, a power over a man'ssubsistence amounts to a power over his will." --Alexander Hamilton (1757-1804)Source: Federalist Paper 79
 
Subject: Legalized Counterfeiting Update
 
We see no moral or practical difference between new dollars created by counterfeitingrings and new dollars created by the Federal Reserve System (the FED). Both areforms of stealing. The only differences are . . .
 
* One form of counterfeiting is technically legal, and the other illegal* The local counterfeiting ring steals from local merchants, whereas the FederalReserve steals from everyone, for the benefit of those who get the new dollars first
 
Whenever the FED creates new dollars the value of every dollar you hold diminishes. Itmay take a while for this loss to be felt, but the longer the new dollars circulate the morelikely it is that you will feel the loss, and the more likely it is that bubbles will result . . .. . . followed by recessions.Apologists for the FED assert that legalized counterfeiting is the cure for recessions. Weassert that it is the cause of them.Last Fall the FED began implementing its supposed legalized counterfeiting cure on amassive scale.Here are the numbers (in billions) showing the massive rise in thequantity of dollars . . . 2008-08-01 847.4722008-09-01 908.0202008-10-01 1,132.5092008-11-01 1,441.0672008-12-01 1,663.9322009-01-01 1,712.0812009-02-01 1,562.2512009-03-01 1,646.9342009-04-01 1,752.7442009-05-01 1,774.8922009-06-01 1,684.0382009-07-01 1,673.1002009-08-01 1,706.099
 
We want to call your attention to the numbers for May through August. The FED haspromised that it will withdraw the new dollars it has created just as soon as the economyrecovers. There were signs that they were attempting to do that at the end of May, andthe downward trend continued through July. But now August has come and gone andthe money supply has grown again.
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MisterFrost

DownzizeDC.org is a good site, if you haven't been there.

reply09 / 15 / 2009
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