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To: Toddsterpatriot
Explaining to you that downturns before the Fed were serious is contradicting myself? Please, explain how.

Earlier you said that we were still under the gold standard in the Great Depression, then you contrasted the year 1913 as the year the Fed took over from the Gold Standard. So which is it? When did the Fed era begin? If not at 1913, then why have it steal 3% from us every year?

307 posted on 12/31/2013 12:26:13 PM PST by Partisan Gunslinger
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To: Partisan Gunslinger
Earlier you said that we were still under the gold standard in the Great Depression

Yes, we were on the gold standard at the start of the Great Depression.

then you contrasted the year 1913 as the year the Fed took over from the Gold Standard.

I didn't say "took over from" anywhere. The Fed was created in 1913, while we were on the gold standard. The Fed was around for many years while we were on the gold standard. Sounds like the only contradiction is in your understanding.

When did the Fed era begin?

The Fed was created in 1913.

If not at 1913, then why have it steal 3% from us every year?

How does the Fed steal anything from anyone? Spell it out.

318 posted on 12/31/2013 3:03:37 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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