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fishpoopoo · 11-09-2007, 01:56 PM

Nice to see that Ron Paul "gets" it.

Cliff Notes:

1. The Federal Reserve creates money. When money is created, interest rates go down. The Federal Reserve is supposed to create money when the economy slows down (to boost economic growth), and take money out of the system when the economy is strong (to prevent inflation).

2. Too much cheap money creates asset bubbles (dot com stock market bubble of the late '90's early '00's, and the latest residential real estate bubble).

3. Former Fed Chairman Alan Greenspan pumped a ton of paper money into the system to bail out Wall Street on a number of occasions.

4. When there is too much paper money floating around, the value of it drops relative to the currencies of other nations.

5. When the dollar drops, things that we import, like crude oil, get a lot more expensive.

6. Alan Greenspan, that retard of a f*ck, helped mess up this country.

See Ron chat here:

11-09-2007, 01:56 PM	#1
fishpoopoo Wipe My Bottom iTrader: (0) Join Date: Sep 2006 Posts: 1,911	Ron Paul and Ben Bernanke and Who screwed up the Economy Nice to see that Ron Paul "gets" it. Cliff Notes: 1. The Federal Reserve creates money. When money is created, interest rates go down. The Federal Reserve is supposed to create money when the economy slows down (to boost economic growth), and take money out of the system when the economy is strong (to prevent inflation). 2. Too much cheap money creates asset bubbles (dot com stock market bubble of the late '90's early '00's, and the latest residential real estate bubble). 3. Former Fed Chairman Alan Greenspan pumped a ton of paper money into the system to bail out Wall Street on a number of occasions. 4. When there is too much paper money floating around, the value of it drops relative to the currencies of other nations. 5. When the dollar drops, things that we import, like crude oil, get a lot more expensive. 6. Alan Greenspan, that retard of a f*ck, helped mess up this country. See Ron chat here:
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