Posted on 12/15/2013 6:54:08 PM PST by Errant
A week from now, the Federal Reserve System will celebrate the 100th anniversary of its founding. Resulting from secret negotiations between bankers and politicians at Jekyll Island, the Fed's creation established a banking cartel and a board of government overseers that has grown ever stronger through the years. One would think this anniversary would elicit some sort of public recognition of the Fed's growth from a quasi-agent of the Treasury Department intended to provide an elastic currency, to a de facto independent institution that has taken complete control of the economy through its central monetary planning. But just like the Fed's creation, its 100th anniversary may come and go with only a few passing mentions.
(Excerpt) Read more at marketoracle.co.uk ...
Many problems with the Fed. I do just have to ask is it better to do away with them or just take away their power and then disband them. They have caused many problems and to do away with them at this stage would only cause more.
They are a problem, but after decades, they have to be disbanded slowly.
The fed is not federal or ever was... still isn’t...
Replacing them with what, bitcoins? Bank notes issued by banks? Barter?
BTW Dr. Paul is bugaloo nuts, you know that, right?
... they have to be disbanded slowly.
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like the department of education?
Every year it’s the same...They talk about ending the fed, talk about securing our borders...Talk about reckless government spending followed by endless punitive taxes.
Year in, year out...Same thing over and over..and over and over...
Is it not clear those in government have no intention of doing what is right and have no intention of doing things which benefit the American people?
Bitcoins or PMs would be a bit too much to hope for. How ‘bout at least Treasury notes???? At least a privately owed bank (i.e., the FED) wouldn’t be skimming 6% off the nation’s debt just for printing money out of “thin air”!
Actually yes...but not as bad as you think. It;s the Unions that need disbanding and everything else will follow. Actually, all government unions should not only be disbanded but disallowed from government contracts. That would do nicely.
No, I don't know that. He certainly makes more sense when it comes to the financial state of this nation than most.
“BTW Dr. Paul is bugaloo nuts, you know that, right?”
then how come when I listen to any politician, whether it is, Obama, Kerry, Clinton, even kantor or Boehner, paul is the only one that appears to be not lying?
I know, the fed mystique was set up such that if you disagree, you’re the nutcase.
Bitcoins is a scam and a ponzi scheme. Gold and silver are real money.
At best, they’re just kicking the can. At worst, they seem to be trying to bring down the Republic through bankruptcy.
Look for the next investment opportunity after our Fed decides to "taper" the current twist ($85 billion/mth inflation).
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.
The Fed “taper” - don’t hold your breath.
For the 135 years before the Federal Reserve, inflation was NEGATIVE 40% for the entire time. Since 1913 inflation has gone up 2300%.
One of the many Rothschild estates:
some day Conservatives will realize - the FED is the source of all of what ails the United States. The nationalization of interest rates, the ability to monetize debt, and the ability to print money out of thin air is exactly what keeps the Progressive nanny state alive.
If you end the FED, you kill “progressive” government - and you in turn begin the fix of 1000 social and economic problems with it.
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