Topic: [2015-07-26] The Disguised Theft Of Our Future Prosperity ∙ IHB News™ (Read 490 times)

Kprawn

legendary

Activity: 1904

Merit: 1074

The best part of that article was this --> " The government has bestowed upon itself the ability to create money without anything to back it up. When you or I do this, it is called counterfeiting; when the government or central banks do it, it is called fiat currency. "

The Fed is controlled by private banks and Stockholders and they profit from a dollar with a weak value.

" For money to perform its duty as a store of value it must keep up with inflation at a minimum. As of September 2014 the annual inflation rate is 2%. The most attractive savings account only has an interest rate of 1%. Every day this results in a latent devaluation of overall worth. "

How can anybody support a currency that cannot hold it's value? The dollar are popular, but it has no real value due to inflation. Huh

anirgu

legendary

Activity: 1148

Merit: 1000

because

fancy_pants

hero member

Activity: 663

Merit: 501

quarkchain.io

... and stay in school!

anirgu

legendary

Activity: 1148

Merit: 1000

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