Guest Guest Posted July 12, 2013 Quote: This whole concept of infinite fiat is hard for people to grasp; it is something outside of their experience. People's lifelong experience with money is that it is a limited resource. It is hard to conceive of a group of people who have unlimited, infinite money. Yet the Federal Reserve has just that. The Fed is not like a doctor who prescribes a short-term stimulus for a patient who is feeling run down. The Fed is not like a parent who temporarily puts training wheels on a bike until the kid learns how to ride it. These metaphors make people think that the Fed's fiat printing is temporary and limited. It is not. Its money printing abilities are permanent and unlimited. The Fed also puts on a show about agonizing over the decision of whether to print money. That make it seem like they are agonizing over whether to pull a sum of carefully saved cash out of their vault. But when they lend to Uncle Sam, they do not pull cash out of a vault that has a finite amount of cash in it. They instead get it from a computer that has the capability of printing unlimited zeros. Summary: The Fed has infinite fiat. Full story at this link Scott Share this post Link to post Share on other sites
Guest Guest Posted July 12, 2013 And a bit of history behind FIAT.... Share this post Link to post Share on other sites
alloway65 10 Posted July 28, 2013 Let the battle commence..........again!!!!! Share this post Link to post Share on other sites
Guest Guest Posted August 5, 2013 (edited) Donald Duck explains FIAT money. Scott Balson Edited August 8, 2013 by qball Confrontational comments removed Share this post Link to post Share on other sites
Guest Guest Posted August 5, 2013 (edited) . The people interviewed here are global experts from some of the largest financial and investment companies in the world today. As always buying physical gold and silver..... ie no third party risk. Scott Balson Edited August 8, 2013 by qball removed confrontational comment Share this post Link to post Share on other sites
JANDS 22 Posted August 7, 2013 A few comments. 1) Thanks for the provocative and informative articles Scott. I am now buying the metals as and when I can. 2) Hey Lily, I smaak you stukkend, you of the person with the golden heart. 3) If one has nothing postive to add, say nothing. Have a beautiful day, one and all. Share this post Link to post Share on other sites
lilythepink 11 Posted August 11, 2013 Thanks, Jands. And MrA says I am allowed to smaak you stukkend right back! Share this post Link to post Share on other sites