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To: Errant

Ridiculous. The dollar has been far more stable than it was under the gold standard.

Under the gold standard we had long severe deflationary depressions every 20 years. Since the fed, we’ve only had one depression, maybe two if you count the Great Recession. We’ve had over 80 years of depression free economic growth. That’s not a failure. That’s a success.

People who want to manipulate the currency, or get rich off of gold want to see the FED disbanded. In my opinion, the FED is the only one in washington doing what they are supposed to do.

By law they are supposed to focus on unemployment, keeping the dollar stable and interest rates low. They are having to print because Congress and the President put stupid trade policies in place that have off-shored our industries and caused high unemployment. That’s the right action for the Fed, but it’s like putting a band-aid on a cancer patient until Congress wises up about trade policy.


16 posted on 12/15/2013 7:17:23 PM PST by DannyTN
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To: DannyTN
Yeah, the Federal Reserve has been a REAL peachy success story alright - for their owners maybe.

One of the many Rothschild estates:

19 posted on 12/15/2013 7:23:28 PM PST by Errant
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To: DannyTN

“By law they are supposed to focus on unemployment, keeping the dollar stable and interest rates low.”

I’m pretty sure the Fed has the responsibility to maintain a stable/strong dollar, and to keep inflation low (not interest rates low).

Everything else is Congress’ responsibility - although they refuse to accept that responsibiltiy.


31 posted on 12/15/2013 7:40:44 PM PST by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: DannyTN

See http://www.zerohedge.com/news/2013-06-02/its-1-world-who-owns-what-223-trillion-global-wealth


47 posted on 12/15/2013 8:02:29 PM PST by narses (... unless you eat the flesh of the Son of Man and drink his blood, you do not have life within you.)
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