I thought that was behind the whole idea to have a central bank (i.e., to prevent the "Panics"). So after implementation of the Fed, we have both panics and currency debasement - a twofer!
It's nothing personal against the Fed, the reserve system, or the people it employs. It's something that was tried and found not to work as we see from the trouble we've gotten into. Don't go putting all blame on the exec or legislature either. The creation of the Fed allowed them to get away with even more excess.
It's past time to fix the problem. I believe that starts with moving the power back into the hands of "We The People" and not central government or a central bank. If you believe otherwise, state your reason, don't just focus on defending the Fed at every opportunity. There is more at stake here than just the Fed - like our countries existence. If the country goes, everything goes - literally!
Not sure what you mean. The Fed is currently earning 10s of billions that would have been earned by the banks, absent QE.
Exactly, you make my point. They're "bagmen". They make it easier for the government to pull even more money out of the economy and waste it on what the central government deems necessary, like abortion, free housing, cell phones, social engineering, and etc. And now that the government has exceed what the system can produce under the "old rules" it's twisted the arm of the Fed to QE. Some much for the independence the Fed was suppose to provide.
Inside track? You mean like when Citibank trades with JPMorgan, and one profits, one loses?
Start there, if you like, then move on up to the "East Side":
What makes you think the Fed is "an unconstitutional entity"?
More important, I'm not the only one that thinks that. But that's just a defensive diversion. Let's stick with the "big picture", please.
Which lenders did the Fed destroy?
The small town banks - an ongoing process, in conjunction with increased regulation and big bank collaboration.
Yes, cycles before the Fed, cycles after the Fed.
Ok, so you yourself now admit that the implementation of the Federal Reserve system didn't solve the very problem it was implemented for in the first place to prevent. Again, you make my point. :)
Like most such articles, a few facts and many, many errors.
As I've already stated, I haven't seen any article or any person that had ALL of the answers.
It's convoluted, twisted, and hidden, for a reason. There is only one way to fix it once it crashes. Start over with a new foundation and a better design that moves the power back securely into the hands of the people, and out of the hands of a central government. The founders knew that and fought hard against the establishment of a central bank.