| Lol. Yeah inflation is great.
So is going to war with countries for trading oil in other than USD.
One day this house of cards will fall over. .mil is the only thing propping it up.
FalcoFog - 1/20/2017 21:09
Banks create credit that is considered part of the money supply but it isn't currency or base money. The fed can create base money but only the treasury can spend base money into the economy. If it was true before 1971 it stopped being true by 1972 after the gold standard was thankfully abandoned. This is how we were able to win the cold war, spark the technological revolution, lower the price of tv's and end up arguing about it on the web. Everything written about the economy before we went off the gold standard is wrong today. |
huge jump in US national debt
