The precise purpose of reserve type banking systems is that the value of the 'notes' can be changed. You view that as a failure but that is their basic purpose. I don't know how the present stagflation predicament will be fixed, if it can be fixed... but I'm quite sure it won't be with gold.
The price of oil is what's driving most things these days... or preventing things from moving forward... depending on where you are. The Canadian dollar has basically turned into a petro dollar in the last 10 years because of the amount of trade generated through what flows from McMurray... The downside is that the cost of oil is killing the rest of the country that doesn't share in that oil boom.
You should read about the Federal Reserve system and other relevant banking information... from a source other than the right wing/bible thumping/conspiracy theorists who are still living in the Victorian era. The Fed's own website has a fair amount of information on the purpose and function of the Fed...
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.