QE2 And The Death Of The A Nation

[Texan2]

An interesting quote from a report I just read....

"Paper money is fraud, and paper money growth has been tremendous. In the Spring of 2006, the Fed stopped publishing numbers for M3 (M3 is the best measure of money in the banks) when M3 was about $10.3 trillion.

The dollar, which is said to be a "unit of account", no longer has any accounting!

But a private company is keeping track of M3, and M3 is soaring past $14 trillion, over a 20% increase per year.

True inflation, which is the rate of money creation, is over 25% per year!"

 

[West Texas]

An interesting quote from a report I just read....

"Paper money is fraud, and paper money growth has been tremendous. In the Spring of 2006, the Fed stopped publishing numbers for M3 (M3 is the best measure of money in the banks) when M3 was about $10.3 trillion.

The dollar, which is said to be a "unit of account", no longer has any accounting!

But a private company is keeping track of M3, and M3 is soaring past $14 trillion, over a 20% increase per year.

True inflation, which is the rate of money creation, is over 25% per year!"

Money is only money and not toilet paper because someone somewhere SAYS it's money...

Over the past week, gas prices have NOT gone up, the value of money relative to gas has gone DOWN. That's why sugar, that you could buy in a 25lb bag at Sam's in San Angelo last weekend for 13.00 is now selling for 16.00 and raising...

ever here of tremors. those little rumblings and shaking's that happen right before the big quake...welcome to them.

And keep in mind, it's not just a monetary collapse, but a SOCIAL collapse that will go along with it...Google Greece and France and see what they are dealing with...then multiply it by 1000, because once the "welfare state" living on total government dependence in the inner city of every major city in the country can no longer have their "bread and circus" GUESS what they will do...they will loot and burn and kill and take...because that is what the welfare system and the entitlement attitude has taught them, to do.

 

[texas skeeter]

Money is only money

Dang WT, I read your whole post this time and you're smarter than you look!!

 

[M. Sage]

Money is only money and not toilet paper because someone somewhere SAYS it's money...

Not entirely accurate. Money is only money because we all agree that it's worth something. Gold, silver, etc. are only valuable for the same reason. Value isn't absolute though, and definitely isn't fixed. The more they do to shake our confidence in the currency, the less it's worth. The more they issue without wealth to back it up (you can't "pay" someone by just printing money and handing it to them. That's retarded.), the less it's worth.

Inflation has begun. Get ready for the ride, because it ain't going to be fun.