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What are the Benefits of Closing the Federal Reserve?
Youtube ^ | August 11, 2010 | Raisingdemocracy

Posted on 08/11/2010 5:08:14 PM PDT by citizenredstater9271

After the Fed is dead our private property will be better protected from the easy money, scarce money mortgage rip offs that private bankers have used for generations to swindle away the farms, homes, and businesses that we and our ancestors have worked so hard to acquire. With the Fed dead and gone every family will be better able to establish a hearth and home from which family stability, security, and prosperity can grow from generation to generation. With the Fed dead we can use our common money system to begin building new roads to prosperity. When individuals and families are given a fair chance to succeed and increase in stability and prosperity then there will be less need for government support programs. After the Fed is dead we will have made new progress toward the conditions Adam Smith lists as necessary for activating the benevolent "invisible hand" of capitalism and for establishing "the highest degree of prosperity".


TOPICS:
KEYWORDS: 1776; baloonboy; buygold; buygoldnow; federalreserve; fiat; fiatisillegal; financialcrisis; goldismoney; goldstandard; ronpaul2012; teapartyrebellion; voteronpaul; whoisjohngalt
The evidence is clear: we MUST end the FED to regain the free market.
1 posted on 08/11/2010 5:08:16 PM PDT by citizenredstater9271
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To: citizenredstater9271

We should get rid of the Fed and begin returning to the gold standard. Bring back silver certificates and begin exchanging them for the worthless reserve notes. But we will not.


2 posted on 08/11/2010 5:16:37 PM PDT by screaminsunshine (m)
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To: screaminsunshine
We should get rid of the Fed and begin returning to the gold standard.

While we're at it let's get rid of the IRS and the income tax and get rid of slavery.

3 posted on 08/11/2010 5:21:28 PM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: citizenredstater9271

The fed and Property tax good riddance.


4 posted on 08/11/2010 5:23:33 PM PDT by Cheetahcat (Zero the Wright kind of Racist! We are in a state of War with Democrats)
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To: screaminsunshine

Free banking=free people.

Money, of all types, is too important to be in the hands of government, and the elite.

The world trades everything. There are near two hundred different government moneys. No problem.

There is no reason there couldn’t be two hundred, or more, or less different money in the US.

How many different credit cards, different debit cards, store cards, bank cards are there? And, they work and are accepted. So too with private bank money, like we used to have in this country, before the Fed.

The only thing is big government Democrats, Socialists, Mercantilists, Republicans want a central bank, with federal power OVER us. Not US over them, as is the case now.


5 posted on 08/11/2010 5:23:33 PM PDT by Leisler ("Over time they create a legal system that plunders and a moral code that glorifies it." F. Bastiat)
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To: screaminsunshine

I have yet to have someone explain to me how returning us to the gold standard will prevent asset bubbles.


6 posted on 08/11/2010 5:24:02 PM PDT by 1rudeboy
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To: citizenredstater9271

I’m not a commodity expert but I’m not sure it’ll be that easy bringing back the gold standard, gold prices might plummet to absorb the worthless value of the dollar. The dollar is only worth about 10% of what it was when we went off the standard. I think it will affect alot more than we realize.


7 posted on 08/11/2010 5:25:39 PM PDT by rbosque (11 year Freeper! Combat Economist.)
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To: citizenredstater9271
What are the Benefits of Closing the Federal Reserve?

None, it would do nothing but slow our trip to fascism and would promote the silly idea that individuals can take care of themselves via a democratic republic.

We need to be progressive and move forward toward tyranny so we can finally relax and know who we are as a nation.

8 posted on 08/11/2010 5:26:16 PM PDT by EGPWS (Trust in God, question everyone else)
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To: unixfox

No income tax, illegal. No central bank. Period.

Gold is a standard already on the periodic table. If you want to print notes full backed, part backed, one millionth of one percent backed in gold, or silver or Bennie Babies, go right ahead. Over time free people, freely choosing, will value some paper money more than others. As is their choice, and ought not be forced down their throats by others.


9 posted on 08/11/2010 5:27:53 PM PDT by Leisler ("Over time they create a legal system that plunders and a moral code that glorifies it." F. Bastiat)
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To: EGPWS

I don’t believe it, but I want a cushy job in the Big Camp. ( I’ll do what I can for you, but um I might have to pull those gold crowns out....you know for bribes. Your friend, Leiser.)


10 posted on 08/11/2010 5:30:43 PM PDT by Leisler ("Over time they create a legal system that plunders and a moral code that glorifies it." F. Bastiat)
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To: Leisler

I am old. I remember having all silver coins and you could trade you dollar bill at the bank for a silver dollar. The bill said silver certificate where it now says federal reserve note. Now you can get a silver dollar for 20 bucks if you can find one.


11 posted on 08/11/2010 6:02:43 PM PDT by screaminsunshine (m)
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To: screaminsunshine

I agree and I think that’s what Dr. Paul would do if he were elected president. we need to support him in his 2012 run.


12 posted on 08/11/2010 7:10:35 PM PDT by citizenredstater9271
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To: citizenredstater9271

He would of beat Obama but the conservatives would not support him. He was too Liberal on social stuff and did not like the wars. Soon many will find out he was right about a lot and wish they listened.


13 posted on 08/11/2010 7:16:31 PM PDT by screaminsunshine (m)
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To: screaminsunshine

For over a hundred years, excluding around the Civil War, a ounce of gold, or a one once gold coin, was 20 dollars. Maybe a 150 years. Right up to the Federal Reserve. Since then, it takes 1,500 or more dollars for a ounce of gold. The gold is the same, it is the dollars that have become worthless


14 posted on 08/11/2010 8:14:13 PM PDT by Leisler ("Over time they create a legal system that plunders and a moral code that glorifies it." F. Bastiat)
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To: Leisler

What a scam.


15 posted on 08/11/2010 9:03:56 PM PDT by screaminsunshine (m)
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