Dirt poor?

[Radar]

I don't care what your opinion is of me. My knowledge of how economics works is very solid. And economics don't change when dealing internationally.

When you've got something to back your money, your money is worth something (fiat based currency). When you print more money than you have of something to back it up, money is worth less. It doesn't take a brain surgeon.

The Federal Reserve is an illegal organization in the first place and so was the Federal Reserve Act. The Constitution says that ONLY government may make money. And common sense dictates that money be worth something whether it be gold, oil, or some other commodity.

Judging by your posts, you are someone who barely knows economics but who thinks themselves above others because they know a few buzzwords and formulas that do nothing but hide what's really happening. The Federal Reserve is totally unnecessary and those who think it is, don't know shit about economics. That means you, Alan Greenspan, and anyone else who fits the description.

I'll stick with Nobel Prize winning economists like James Buchanan, Milton Friedman Friedrich Hayek, and Vernon Smith thanks.