Replies to post #42272 on Short Term Trading Member Forum

[JLS]

golfin,

first of all, my name is not Ted. I also apologize if I made insinuations which where not fair or accurate.

OK then, what do you think are "real stores of value"? Since you used that term, and also the term "fiat dollars", it was my assumption that you are a gold bug because it is common that they label as fiat any currency which is not based on gold. More generally speaking, fiat refers to legal tender and says nothing about the basis of the currency. So if you do not mean gold then the question still remains: what are your "real stores of value"? Once we determine what your real store of value is, then the other questions in my previous message still remain to be answered.

Also, can you explain in more objective terms what you mean by "printing dollars out of thin air"? I'm curious if you know what is meant by the term "printing money" and if you know how any central bank of any country accomplishes that task, as it is a task that all central banks must do on a regular basis.

And, if you don't mind, please explain how our FED "prints money". Also please explain how the FED removes money from the system.