What Happens When Fed Policies Turn the US Dollar into Monopoly Money

Posted: May 13, 2008 in Your Funny Bone
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” Ralph Hardy, a 13 year old from Newark, Texas confessed to ordering an extra credit card from his father’s existing credit card company, and took his friends on a $30,000 spending spree, culminating in playing “Halo” on an Xbox with a couple of hookers in a Texas motel. … Ralph’s ambition is to one day become a politician. “
My 2-Bits: Is this the sort of stunt we can now expect of American youth, from a country so famed for innovation in the past? This kid’s ‘shopping’ spree was all made possible by loose lending practices aided and abeted by Uncle Ben and the the Federal Reserve.
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