[Nick Danger]

The reason we went off the gold standard was to satisfy the interests of the Fed (which are privately owned banks by the way). They wanted to be able to water down the value of the dollar

That doesn't seem to make any sense. Why would banks want to water down the value of the dollar? Don't banks pool lots of short-term deposits to make larger, long-term loans? If the dollars decline in value while they're out on loan, the banks get screwed. I would think banks would be strongly opposed to inflation.

[taxtruth]

Nick the Dangerous, You are a lost soul when it comes to money!I have a family member who is a bank president and at least she has a clue to what is going on.Stop posting pure garbage on FR because you "KNOW NOTHING" of what you speak.Your comments are pure BS!You are part of the problem in America,not the solution because you don't know enough to inform people correctly.Freepers need facts,not garbage to make decisions.