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Coffee Shop
Chinese Republic of Texas
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<blockquote data-quote="Margonme" data-source="post: 1377694" data-attributes="member: 25776"><p><strong>Corrections to your post:</strong></p><p></p><p>1. Money is Printed by the US Treasury. Not Federal Reserve.</p><p></p><p>2. Backed by nothing, you say. Yes, it is backed. Not by a gold or silver standard. It is backed by the full faith and credit of the USA.</p><p></p><p>3. The purpose of currency is to conduct commerce. Economics 101. That is the only purpose of currency.</p><p></p><p>China debases their currency. That is a fact Jack. The past 3 presidents have tried to force China to let the markets determine the value of their currency but if you check your references, China is a Sovereign state.</p><p></p><p>Tell me this Waldo, if it is printed in the US, how do you come to the conclusion it did not originate here?</p></blockquote><p></p>
[QUOTE="Margonme, post: 1377694, member: 25776"] [b]Corrections to your post:[/b] 1. Money is Printed by the US Treasury. Not Federal Reserve. 2. Backed by nothing, you say. Yes, it is backed. Not by a gold or silver standard. It is backed by the full faith and credit of the USA. 3. The purpose of currency is to conduct commerce. Economics 101. That is the only purpose of currency. China debases their currency. That is a fact Jack. The past 3 presidents have tried to force China to let the markets determine the value of their currency but if you check your references, China is a Sovereign state. Tell me this Waldo, if it is printed in the US, how do you come to the conclusion it did not originate here? [/QUOTE]
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