Comments on: Reflections on the US Dollar, Fiat System, and US Monetary Policy http://iamamazing.wordpress.com/2007/12/19/reflections-on-the-us-dollar-fiat-system-and-us-monetary-policy/ Insights into Investing, Economics, and Politics Sat, 02 Aug 2008 21:06:06 +0000 http://wordpress.com/ hourly 1 By: John Bougearel http://iamamazing.wordpress.com/2007/12/19/reflections-on-the-us-dollar-fiat-system-and-us-monetary-policy/#comment-8435 John Bougearel Tue, 29 Jan 2008 04:50:02 +0000 http://iamamazing.wordpress.com/2007/12/19/reflections-on-the-us-dollar-fiat-system-and-us-monetary-policy/#comment-8435 Eric Would you care to exchange links with Successful Trading Tips at http://www.financialfuturesandequitymarketanalysis.com/ Just let me know at johnbougearel@gmail.com Kind Regards, John Bougearel Eric
Would you care to exchange links with Successful Trading Tips at http://www.financialfuturesandequitymarketanalysis.com/

Just let me know at johnbougearel@gmail.com

Kind Regards,
John Bougearel

]]> By: Thiru http://iamamazing.wordpress.com/2007/12/19/reflections-on-the-us-dollar-fiat-system-and-us-monetary-policy/#comment-8268 Thiru Fri, 28 Dec 2007 16:57:00 +0000 http://iamamazing.wordpress.com/2007/12/19/reflections-on-the-us-dollar-fiat-system-and-us-monetary-policy/#comment-8268 Eric, That is a very good article. It clearly depicts the problem that this country is facing. There is one thing that I would like to add. The founding fathers suggested for a currency backed by gold / silver. But it may not always make sense to be infactuated with gold / silver because of limited reserves in the world. It is ok to use any other metal or anything as long as service is performed and exchanged with dollar. Essentially that is what money is. It is a exchanging tool for a service ( Right away I can think of one exception) performed. Also I do not think the problem is with Bernake. He is just the face of others (aka private banks) who are greedy and irrational. As long as banks are allowed loan more money than that is deposited, this problem will come in various sizes and shapes. For things to clear, we all have to face a shock (a recession) and not be obssesed with fiat money and then printing money out of thin air. This way we may have a steady dollar and more than that, a steady economy. Cheers, Thiru Eric,

That is a very good article. It clearly depicts the problem that this country is facing.

There is one thing that I would like to add. The founding fathers suggested for a currency backed by gold / silver. But it may not always make sense to be infactuated with gold / silver because of limited reserves in the world. It is ok to use any other metal or anything as long as service is performed and exchanged with dollar. Essentially that is what money is. It is a exchanging tool for a service ( Right away I can think of one exception) performed.

Also I do not think the problem is with Bernake. He is just the face of others (aka private banks) who are greedy and irrational. As long as banks are allowed loan more money than that is deposited, this problem will come in various sizes and shapes.

For things to clear, we all have to face a shock (a recession) and not be obssesed with fiat money and then printing money out of thin air. This way we may have a steady dollar and more than that, a steady economy.

Cheers,
Thiru

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