Ron Paul: Election shows U.S. 'far gone'

[TexTushHog]

Originally Posted by CuteOldGuy

You mean he wants to have our money actually worth something? Wow! How crazy is that?

Money is worth something because people accept it as a means of exchange. Nothing more, nothing less. In need not have intrinsic value. You're 250 years behind the times.

[Guest123018-4]

The sad fact is that the government is stealing our hard earned savings for our retirements making the middle class dependent on the government for the SS supplement in order to survive in retirement. Inflating our paper money makes the dollars you saved worth less years later. This also steals from the bond holders that hold our debt. This is a primary reason the government is constantly rigging the inflation numbers to make it seem that it is not as bad as it really is. This also steals from those that are now recipients of the SS insurance payments that they have contributed to all their working lives by not increasing the COLA.

There is a reason that interest rates are so low and artificially kept low; it is so that when the bonds come due they can pay them off with dollars that are worth half what they were. Is it no wonder that the main buyer of our debt is now the Federal Reserve and the Social Security Trust Fund.

[Guest040616]

Double or nothing in 2016, my friend?

[TexTushHog]

How is the government "stealing savings?" I've got eight figures saved up? What are you talking about?

[SEE3772]

Originally Posted by TexTushHog

How is the government "stealing savings?" I've got eight figures saved up? What are you talking about?

For starters... Federal Reserve ZIRP policy and dollar devaluation...


Real Money...

[SEE3772]

Originally Posted by TexTushHog

Money is worth something because people accept it as a means of exchange. Nothing more, nothing less. In need not have intrinsic value. You're 250 years behind the times.

The dollar is not a store of value, therefore it is not money it is currency.
There's a big difference...