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Old 07-25-2012, 02:10 PM  
Emil
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Join Date: Feb 2007
Location: Sweden
Posts: 5,623
Quote:
Originally Posted by BFT3K View Post
I'm not a fan of the Fed by ANY means, but how does "biting the hand that feeds you" work again?

Our currency is backed by nothing. It is just paper and ink.

Once it is revealed that no one is behind the curtain, what exactly happens to the house of cards?

Also, who exactly, will be in charge of the "auditing" ?

Just curious....
Everyone that's interested in this subjects knows it's just a piece of paper. The government can just print it's own money, they dont need to be in debt to the Fed.
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