Monday, October 06, 2008

The Fed continues to wreck the economy w/more bank loans

Here's a quick mathematical equation to understand inflation & why creating credit ruins our economy.Lets say there are 100 dollar bills printed, and you have one, so you have a value of 1/100 worth of purchasing power in that single dollar.If someone turns on the press and printed another 1 trillion, now your value is 1/1,000,000,000,100.Not Good.

read more | digg story

No comments: