Comments on: Fed: Long Decline in Consumer Credit Persisted in Oct. http://ecreditdaily.com/2009/12/fed-long-decline-in-consumer-credit-persisted-in-oct-article402/ Wed, 08 Feb 2012 08:45:41 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: StokeyBob http://ecreditdaily.com/2009/12/fed-long-decline-in-consumer-credit-persisted-in-oct-article402/comment-page-1/#comment-173 StokeyBob Tue, 08 Dec 2009 01:57:43 +0000 http://ecreditdaily.com/?p=947#comment-173 Maybe this will help make the danger of fiat money clear. Imagine you and me are setting across from each other. We create enough money to represent all of the world's wealth. Each one of us has one SUPER Dollar in front of him. You own half of everything and so do I. I'm the government though. I get bribed into creating a Central Bank. You're not doing what I want you to be doing so I print up myself eight more SUPER Dollars to manipulate you with. All of a sudden your SUPER Dollar only represents one tenth of the wealth of the world! That isn't the only thing though. You need to get busy and get to work because YOU'VE BEEN STIFFED with the bill for the money I PRINTED UP to get YOU TO DO what I WANTED. That to me represents what has been happening to the economy, and us, and why so many of our occupations just can't keep up with the fake money presses. They have been beating us with our own stick!!!!1 Maybe this will help make the danger of fiat money clear.

Imagine you and me are setting across from each other. We create enough money to represent all of the world’s wealth. Each one of us has one SUPER Dollar in front of him.

You own half of everything and so do I.

I’m the government though. I get bribed into creating a Central Bank.

You’re not doing what I want you to be doing so I print up myself eight more SUPER Dollars to manipulate you with.

All of a sudden your SUPER Dollar only represents one tenth of the wealth of the world!

That isn’t the only thing though. You need to get busy and get to work because YOU’VE BEEN STIFFED with the bill for the money I PRINTED UP to get YOU TO DO what I WANTED.

That to me represents what has been happening to the economy, and us, and why so many of our occupations just can’t keep up with the fake money presses.

They have been beating us with our own stick!!!!1

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