the monopoly on money creation. WOW.
the currency in place, no matter what time period, relies on a balance of perceived value and trust.
exactly who generates the notes for the currency doesn't affect it nearly as much as the above.
i think what you mean is who controls the majority of a nations' WEALTH, owns the country..... and we know who that is....
Wtf? The treasury prints the notes. The Fed CREATES the money. Just look at the data. Do you know how to do that? The FED is creating money, out of nothing, constantly. QE1 ran right into QE2 which ran right into QE3. THEY NEVER STOPPED. Now they are saying QE4 will start in Marchish maybe, BUT THEY ARE STILL CREATING MONEY RIGHT NOW. QE3 never ended. In relaity QE1 never ended. Obama has no control over this. The Congress has no control over this. No one has any regulatory influence whatsoever. There is no one weighing the pros/cons with regards to the average, middle class person. They are creating currency in order to get us through christmas. They have a monopoly.
They are making us poor. They have already addmitted core inflation is going to be "allowed" (froced) to go over 5%. Core inflation does not include oil, food, gas and other things you and me require to breathe every day. You hrave to look to the CPI for those things (we used to use CPI for inflation targets but reality got a little uncomfortable so we decided not to use that index). If you add the CPI to core you get well over 10% inflation AKA hyperinflation.
So go out and work extra hard and long but try not to think about the fact that a private organization is ensuring that no matter how much more you earn, it will be worth less.
"there is no government agency that has influence over decisions that we make"
-Alan Greenspan.
