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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Since the USA Dollar isn't backed by anything of value..
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Poster Handle
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Anonymous Coward |
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Post Content
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then the printing and the pumping of more dollars
into the economy
HAS NO EFFECT WHATSOEVER!
THEY LIE!
Quoting: Anonymous Coward 18824774 Oh but the US Dollar is backed by something. The full faith and credit of the United States. Here is the definition. Full borrowing and taxing power of a government (which, if necessary, can print money to pay its debts) pledged for the full and timely satisfaction of its obligations. This folks is exactly what is taking place. Printing dollars. That is utterly false. The Government cannot "print money" it is against the law. The Federal Reserve can issue "credit" to the US or other Corporations, but the Government does not issue said credit, it issues BONDS on the US Citizens labor, goods and services to "pay" for the credit issued. The GDP is simply a yearly accounting of what has been pledged to the Federal Reserve as payment. Add to this the fractional reserve lending done by banks and you will see the entire system is one of voluntary servitude and peonage. You own nothing, not even your own life because you have submitted yourself to the lie of Federal Reserve/Central banks debt.
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