The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: bart13 who wrote (99842)	11/23/2008 4:48:47 PM
From: Robin Plunder	Read Replies (2) of 110194

"This fiat money has no creative power, it is only the power to extort wealth from those who have earned it." (Robin) That ignores factors like the actual historical facts of the Continental and the greenback fiat currencies, which were redeemed at par. Any theory or assertion that does not include all the facts is suspect. (Bart) usually when we observe the facts, we do not err...it is when we interpret the facts, and put them into generalizations, that all hell breaks loose... the fact that some fiat paper was redeemed at par does not mean that the govt created this value, ie, they got it by taxing the citizens, ...I think Heinz made this point a number of times.. Robin

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