Posted on 03/09/2017 8:07:43 PM PST by Tolerance Sucks Rocks
I say yes. Some people say otherwise.
PING!
The Rothschilds will never allow it.
“The Federal Reserve gives us the freedom to buy things now that we would otherwise have to wait for.”
Like massive foreign wars, welfare states, giving away free money to friend and foe. Bailing out giant international banks, etc.
Why yes, it does let us buy a lot of things, but I don’t know if I’d call that “freedom”.
The vast majority of Americans think that the Federal Reserve is a part of the Federal government. A private company, the name was chosen to promote that deception.
What system did we have during the greatest period of peaceful domestic growth, the 1800’s? Not the Fed. Look at what has happened to all asset values since Nixon broke the last line to gold in the early 1970’s. In parallel with that, a steady decline in middle-class income.
I say keep the Fed and let them handle things such as check-in clearing. The free market should set interest rates.
Real money needs to be gold and silver backed. It is the Constitutional way.
We should have never let it exist in the first place. Kennedy tried to take us away from it while there was still time and it cost him his life.
And some would say that abandoning the progressive era’s Federal Reserve system in favor of the monetary system spelled out in the constitution would be dangerous. I mean sure, the Fed has robbed us of 98% of the dollars value since it was created, BUT we get protection from depressions and a boom and bust cycle.....Oh, wait. /s
For a crystal clear understanding of the Fed, check out the works of Murray Rothbard.
What that means is that no one controls it, and that it is much bigger than any one person or group of people could ever control.
I don’t need to understand the Fed. I just want Congress to follow the Constitution and coin money and regulate the value thereof.
I would ask Mr. Trump.
But seriously, this writer make the childish mistake of thinking that rising prices of something is a rise in value. He doesn’t realize that what he calls the increase in value is merely a visible decrease in the value of the dollar buying the item.
Amazingly basic mistake.
Ya think?
Why are there luciferian symbols all over our currency?
Put out an APB on an illegal alien from the planet Krypton!
No, absolutely not!
The Fed has done a better job keeping the dollar’s purchasing power stable. The year to year swings are much better than when we were on the gold standard.
We’ve had one deflationary depression since the Federal Reserve was started, and we used to have one every 20 years before the Fed. That was the Great Depression. And it was caused by a young fed tightening money because they thought they needed to emulate the gold standard. Well they did and they brought around a deflationary depression big time.
The Great Recession which occured in 2008, was primarily due to the offshoring. We lowered our import tariffs in the 60’s and have been losing industries at an accelerating pace every since. Trump has vowed to fix this.
No it wasn’t mortgages. Every economic downturn looks like a real estate bubble in hindsight. People lose jobs and can no longer afford the mortgage they qualified for when the economy was good. It was a weakened economy pushed over the edge by rising oil costs and 30 years of neglected and wrongheaded energy policy.
But the point is that over 5 decades of policies that created incentives to offshore production and sell back into the USA, that the economy was weakened to the point where we couldn’t quickly recover from a down turn. The jobs just weren’t there. And we were losing them as fast as we created them.
Our prime lending rate should be such that the value of the dollar does not change. I’m willing to bet that such a rate would also be the most profitable rate for banks to use as a base for their own rates.
The writer is likely a stooge for the Wall Street banking industry. Furthermore, he seems to glorify all the negative aspects of the FED, like his thinking that FED created inflation and debt are somehow good. I look forward to his next write up which will probably be something like “the joys of high interest rates and currency depreciation”
Who are you trying to kid? The dollar's purchasing power is at best 1/25 of what it was when the Fed first came into being.
The market will set the rate perfectly all by itself. There was no inflation, or even deflation throughout most of the 1800’s.
The big problem for some: getting rid of the Fed will hobble the “welfare-warfare” state.
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