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The FED is the Largest Private bank in the world and it owes more debt than any other entity on eart

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posted on Apr, 3 2010 @ 10:05 AM

The FED is the Largest Private bank in the world and it owes more debt than any other entity on earth

Dr. Ron Paul : "Buying gold and holding it is somewhat analogous to converting one’s savings into one hundred dollar bills and hiding them under the mattress – yet not exactly the same. Both gold and dollars are considered money, and holding money does not qualify as an investment. There’s a big difference between the two however, since by holding paper money one loses purchasing power. The purchasing power of commodity money, e.g., gold, however, goes up if the government devalues the circulating fiat currency.

Holding gold is protection or insurance against government’s proclivity to debase its currency. The purchasing power of gold goes up not because it’s a so-called good investment; it goes up in value only because the paper currency goes down in value. In our current situation, that means the dollar.

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[edit on 3/4/2010 by Mirthful Me]

posted on Apr, 3 2010 @ 10:09 AM
post removed for serious violation of ATS Terms & Conditions

posted on Apr, 3 2010 @ 10:26 AM
( To the Mod's) Why waste 2 paragraphs of fancy words when you can say what you need too in just a few. Not all of us are writers. Thats why we post here so you who are more quib can explaine it better.

As for the OP....The world needs to wake up first...and then the Fed will fall down on it own.

[edit on 3-4-2010 by Grayelf2009]

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