Posted by Gun Guru on August 28, 2010 at 08:19:50 from (24.180.85.120):
In Reply to: national debt posted by RLH22 on August 27, 2010 at 18:09:40:
Its like this see:
The government has no self control so....
Uncle sambo and his goons print more money that is not backed up with Gold. (only fractional reserves are needed) and then as more money is printed inflation runs its course. This has been going on for decades actually. Inflation is low now, but when inflation really takes off....like 25% per year then folks will wake up and get really really pi$$ed.
The collateral you speak of is more greenbacks cause they run the printing press.....See how it works.
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