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Question on money borrowing vs printing...
Just finished reading 'End the Fed' by Ron Paul - very interesting reading... and quite disturbing. Had some questions that after reading:
1) If FED can print all the money they ever want (discusting and dishonest) - then why does US ever need to borrow money from China - why not just print more?! 2) Are there ANY countries in the world that are stilll on Gold Standard?! 3) In a system that does not have central banking - who would print more money and what economic conditions would require it? I strongly agree with the position Dr. Ron Paul is taking regarding the Fed's dishonest practices regarding our money - what's your opinion?! James
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1987 Mercedes 300SDL; SOLD 1985 Mercedes 300D; SOLD ![]() 2006 Honda Pilot - wife's ride; 122K; 1995 Toyota Land Cruiser - 3X locked; 182K |
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