re: Is there anyone here who supports fiat curreny/the Federal Reserve?

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Pretty sure the Feds won't allow you to do this.

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I'm pretty sure you have no clue what you're talking about, as usual.

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The same amount in weight of gold today will buy pretty much the same house or car it did back then. But try that with the same amount of dollars today.

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This is so incorrect that it made me .

Central banking is indeed evil.

It's an enslaving, manipulative tool of the elite.

Not that I'm a bible thumper, far from it, but there is a reason the only time Jesus gets violent is with bankers.

There is a reason we banished the concept twice in the 1800s after strong uproar from the people and it had to be snuck back in during holiday in 1913.

We have the power to create currency without the burden of interest through our treasury. It's insane that we've allowed central banking to enslave with interest for so long.

Yes. Because you seem to always skip that point in your degrading responses.

Don't start lying, mo. We went through your silly and false statements several times when you were posting under your mograyback screen name. You never came close to substantiating your incorrect understanding of money and how the Treasury Dept authorizes the release of Federal Reserve Notes.

There's no need to repeat that exercise just because you are now posting using an alter.

I would prefer the gold standard under Bretton Wood to what we have today BUT like Ron Paul and Milton Freidman I would prefer the dollar stand as a free trading commodity on it's on.

I don't think we have to have or necessarily need the Fed.

Without the Fed essentially fixing the price of dollars by setting discount rates that deposits trade for between banks we are not allowing the dollar to trade freely. If deposits were traded in unregulated auctions we would not need to peg the dollar to gold. It would be a commodity itself and it's value easy to understand relative to other commodities.

Fed proponents will say the Fed is necessary to pump money when the economy slow and to reduce money supplies when inflation threatens. That would not be necessary if the dollar traded freely. The markets can react much faster than Yellen.

Just like other commodities periods of scarcity and periods of over abundance would correct themselves through markets.

In a free market I doubt we would have even had the banking crises of 07-08. First off those banks would not have been so leveraged. Secondly liquidity would not have been an issue as money could have been had if one was willing to pay for it.

Think about the oil embargoes under Carter and Nixon. It was not the embargo that created shortages. It was the price fixing of the federal government. Both Presidents capped gas prices and nobody wanted to bring it to market. Reagan ended this stupid policy and OPEC has never been able to create a US shortage since. If money was freely priced we would never have a shortage.

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I would prefer the gold standard under Bretton Wood

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Psst.... we didn't have enough gold to support it.

The entire system was doomed to failure. The U.S. did not have enough gold to back every dollar. By the time Nixon ended it, our gold reserves were depleted by 50% in barely over ten years and the foreign banks held more dollars than we had gold to back them.
It was only a matter of time before these banks would dump their dollars, collapsing our gold supply to zero and the dollar along with it.


Is that what you'd prefer? Seriously?

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The currency is backed by IRS thugs who demand you pay them in dollars

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If you income is in dollars this shouldn't be a problem.


Otherwise, I'd recommend you sell your semi-automatic rifle collection on Craigslist to pay the bill.

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Just one man's opinion, but if you create rules that reign in government spending, force them to have an actual budget, eliminate the defecit spending, and reign in big government you solve the Fiat currency issues and the hidden inflation tax. It's the government you should have a problem with, not the FED.

Now, should they be audited and should there be more transperancy? Yes. However: ask yourself who is preventing this level of transperancy, the FED itself or the government?

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You've got it backwards. You're saying that if you hire a hitman to shoot someone, you can't be held accountable because you didn't pull the trigger.