posted on Aug, 4 2011 @ 03:04 PM
the federal reserve does more than just print money they set the rates for ever loan and credit user in this country.
the upsides? a dollar would be worth something as opposed to worth as much as a piece of toilet paper right now.
another upside banks could compete with each other thus lower the costs for the borrowers and users of those financial services and with that
competition better quality of service.
so theres 2.
if something isnt done with the fed someday rather soon your are going to need a 50 ft semi loaded with money just to buy a loaf of bread.
all anyone has to do is look up the weimar republic and understand the dangers of hyperinflation.
edit on 4-8-2011 by neo96 because: (no reason given)