We could go back to what we had before the Fed. Private banks issuing their own currency. No lender of last resort to halt bank runs. Bank collapses that wipe out depositors and not just stockholders. It should be exciting.
It is an establishment system. I was saving money betting on the house bubble to pop because the “fools” turning over houses were obvious frauds overinflating house valuations.
However the bail out saved the frauds and those doing real savings and preparing for the drought got shafted to pay their bills with taxes!
It takes no genius to foresee that the next communist man made drought is going to be even worse and enslaving. look to see the BLM or IRS to lead the “poor harvest” riots, playing the green card or the race card etc...
I would add, it is an establshment system pausing as a redistribution antiestablishment.
Welfare and the feds are the same political nomenclatura, benefiting from the same fraud language of blackmail of tax payers and workers.
I never ever said get rid of the FED.
All I want is to shine the light on FED.
Do a thorough audit every few years, issue a report,
and let the chips fall where they may.
People elect 435 house members and 33 senators every 2 years. Let those elected representatives of people decide if FED is doing the right thing.
If FED is beneficial and benevolent, why are they fiercely opposing an audit?
An audit is NOT removal of FED. It is simply a report exposing how FED decides and acts on different initiatives such as the multiple QE’s.
The sudits may very well show everyone that FED is a good thing.