OT: US Pres election

[lch]

Originally Posted by JimMorrison

Because what happens when we are low on money? The "Federal Reserve" prints more, and "loans" it to us. Where do they get it? It's paper. Who are they? The heads of the largest banks in the world.

Eventually we will owe the Federal Reserve so much money, that they could declare the nation bankrupt, and attempt to seize the "hard assets" of the nation, in order to recoup their "losses" (of "paper" that they "loaned" us). We already gave them Fort Knox to "hold onto".

I don't think it can be summarized to something so easy as that. Money is actually not as easy as most people think, since as you already understand it has no real value in itself, it only has a value attributed to it. How and why money works, and what to make of it, that's a science on itself I'd say.