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Originally Posted by ribosoma
Since the Fed's inception, the value of the U.S. dollar has dropped by 97%.
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Quite the strawman. Mediums of exchange are specifically designed to constantly expand, and are a convenience, not a store of value. Those who treat it as such are going to get crushed. The US was founded on the concepts of Protestant Work Ethic - invest your surplus rather than hoarding it like the old kingdom economies. Why the moonbat gold crowd wants to go back to the Spanish Inquisition economies is truly mind boggling.
Quote:
Originally Posted by ribosoma
-Remarks by Governor Ben S. Bernanke at the Conference to Honor Milton Friedman, University of Chicago, Chicago, Illinois
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What both of them are talking about is not printing enough money to counter deflation. This quote contradicts you.
Quote:
Originally Posted by ribosoma
They can come right out and say it and it doesn't even nudge the needle for most Americans. I suspect because most Americans are profoundly ignorant of their own history and rely almost exclusively upon media interests owned by the biggest crooks in the world for their news.
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People who make this claim tend to be the most ignorant of history, as you have shown with your misunderstanding, and thus misuse, of that Bernanke quote.
Quote:
Originally Posted by ribosoma
Pardon the interruption of the appeal to authority hour... now, back to your original programming.
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The opinion of well informed professionals should be respected. You exhibit the Dunning-Kruger Effect well.