[Brookhaven]

Originally a post here on FR; it was adapted with the permission of the original author (who is in now way responsible for the rewriting or final product, he just gave permission for his ideas to be used).

www.nerds4cain.com

[King_Corey]

The “Federal” reserve is a Private Bank.

Much like “Federal Express” is a private mail shipper.

Federal Reserve Notes are Fiat Currency.

Kennedy signed executive order 11110
That was REAL US Currency, the only other real money is US Silver Coins and US Gold Coins made by the US Mint.

Article 1 section 10 of the US Constitution says NOTHING about the Federal Reserve setting monetary policy.

We should END THE FED

[Gordon Pym]

We need some sort of responsible “adult in the room” to ensure monetary policy is administered in a truly apolitical fashion

The problem here is that "adult" would have incredible power over the money supply. I think I would rather endure the wiles of the economic cycle rather than the whims of man and see the fed disbanded.

That being said I do think Cain is uniquely qualified to deal with the present structure and minimize the damage it does.

[PGR88]

The Federal Reserve was set up to control the gradual increase of the money supply that is needed as our population expands and per capita wealth grows.

I believe this statement is wrong in itself. A money supply based on gold or silver does not need to increase. Greater productivity and a larger population with a stable amount of currency will actually allow for steadily falling prices. This is as it should be - as the economy becomes more productive, prices for items should fall, to the benefit of individual consumers and wage-earners

What we have now is - the economy is more productive, but prices still rise, because the FED (printing money for a spendthrift Govt) puts out even more printed money. They keep this extra productivity from reaching the consumer, as well as stealing your wages and savings by diluting the currency.

[douginthearmy]

I like Cain, but I was not impressed with his interviews with Cavuto and Beck. He is saying the right things, but I don’t think he has the polish to get elected. I will need to see him improve a bit.