Wednesday, November 25, 2009


"5. "Neither paper currency nor deposits have value as commodities, intrinsically, a 'dollar' bill is just a piece of paper. Deposits are merely book entries." - Modern Money Mechanics Workbook, Federal Reserve Bank of Chicago, 1975

6. If you or I did what the Fed does when it prints money, we would be found guilty of counterfeiting and locked up for a very long time!

7. Inflation steals from hardworking Americans by diminishing the value of the money they earn.

8. This destroys the purchasing power of the American people by causing the price of everything (like groceries and gasoline) to rise.

9. In this way, inflation works as a hidden tax- one of the steepest and worst taxes Americans have to pay."

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