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View Diary: China Cuts US Credit Rating. Obama Cuts Hawaii Vacation Short. (171 comments)

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  •  Just trying to make a point. (2+ / 0-)
    Recommended by:
    Pluto, Mnemosyne

    See how it worked?

    being mindful and keepin' it real

    by Raggedy Ann on Wed Dec 26, 2012 at 04:46:11 AM PST

    [ Parent ]

    •  Sounds like Ron Paul, or any number of gold- (4+ / 0-)
      Recommended by:
      emelyn, misslegalbeagle, rabel, sethtriggs

      promoting "financial advisers" sending newsletters out from Utah.

      •  No, I don't get this from Ron Paul. (2+ / 0-)
        Recommended by:
        Mnemosyne, Pluto

        I teach it to college students.  Perhaps I'm missing something here.  I thought we should all be educated on our money supply, but it looks like no one wants that information that is reading this article.  My mistake.

        being mindful and keepin' it real

        by Raggedy Ann on Wed Dec 26, 2012 at 07:03:52 AM PST

        [ Parent ]

        •  Hi Ann. Not saying you got it from Ron Paul, just (1+ / 0-)
          Recommended by:
          ozsea1

          that that's what he & the other gold & doom predictors have been saying for many years.  They always use the term "fiat currency", unlike anyone else I read.

          To me the ideas sound similar to those of the austerity folks, who have been wrongly predicting hyperinflation forever, for many decades, wrongly.  We all should be verrry afraid.  They are, I guess.

          I just don't get the magic of gold.  Though I wouldn't mind having some.
           

          •  My name is not Ann. (2+ / 0-)
            Recommended by:
            ozsea1, Pluto

            It's Raggedy Ann.  I teach college students about fiat currency.  We need to be aware of the monetary system we live under.  If people at this site don't want to know, that's fine with me.  Being an educator, I was just trying to educate others.

            being mindful and keepin' it real

            by Raggedy Ann on Wed Dec 26, 2012 at 11:15:24 AM PST

            [ Parent ]

            •  Sorry for assuming the name, Raggedy Ann. Good (0+ / 0-)

              luck with your teaching & students.  I guess we just disagree on the potential perils of non gold-baked currency. Unless I'm assuming again, in which case more apologies are in order.

              •  Well, I never said our currency (1+ / 0-)
                Recommended by:
                Pluto

                should be gold-backed, nor did I say anything about
                Ron Paul.  This community is sometimes too quick to judge.  I was merely pointing out that we live under fiat currency.  People don't know this and I think it's important.  My students and I have lively discussions about it and they are grateful to know.  I, like you, assumed this community would be interested to know more about our system.

                being mindful and keepin' it real

                by Raggedy Ann on Wed Dec 26, 2012 at 12:28:07 PM PST

                [ Parent ]

                •  I've been trying to figure out money for maybe 20 (1+ / 0-)
                  Recommended by:
                  SherriG

                  years, and still don't really get it.  Currently reading Graeber's "Debt."  Fan of Henry George, Margrit Kennedy, Marjorie Kelly, Krugman.

                  Great that you can get them discussing lively!

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