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Aug 10, 2014
Some how this comment system is not letting me put in the word !$%*!$%*!$%*!$ c i r c u m s t a n c e s.
 
 
Aug 10, 2014
@ nantos,

Thanks for displaying those exact myths I am trying to dispel. The creation of money by the Fed does not steal any wealth from anyone under the current !$%*!$%*!$%*!$ Let me repeat the proviso so nobody is tempted to misunderstand what I am saying. UNDER THE CURRENT !$%*!$%*!$%*!$ Please do not talk about some other set of !$%*!$%*!$%*! and ask, "Yeah, but what about when we have full employment and it causes inflation?"

The uber wealthy are more uber than ever and there is no inflation at the moment. So whose wealth is the FED stealing after creating multi-trillions of dollars to bail out the banking system? Some people are holding on to those trillions of dollars, and they consider themselves quite wealthy for doing so.

Oh, and about those other !$%*!$%*!$%*!$ The FED in coordination with the rest of the US government can remove the dollars it has created when the need arises.
 
 
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Aug 10, 2014
In the USA money is created from thin air (when in reality electrons) by the (UFR) (Unconstitutional "Federal" Reserve). In doing so it steals a bit of wealth from every one that holds a UFR note. Think like a pizza you slice again and again making each slice smaller in the process. That's what the UFR has done with the wealth of the USA.
 
 
Dec 13, 2013
The discussion seems to be focusing on the minutiae of Dilber comic strips. How about a comment on the idea in the strip?

"Where did the first money come from?" is a profound question. Many of our current troubles in politics and what corporations are demanding from politicians comes from the inability of managers to ask this question of themselves - and to seek out answers.

As an engineer myself (retired) I have a devil of a time to get people to let go of the myths and really think about this question.
 
 
Dec 4, 2013
For the answer to "Where did the first money come from?" see "Making Money" by Terry Pratchett.
 
 
 
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