Why have no elected officials except Ron Paul even discussed the matter ie. it's Constitutionality ,it's control over America.Why is it still there and why hasn't anything been done about it.In 1919 Woodrow Wilson wrote regarding the signing of the federal reserve act,"I fear I have ruined my country......."
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Have you ever heard a President discuss the scam that is the Federal Reserve?
- Thread starter drjpba
- Start date
M
mayna_smo_mry
Guest
I only interested in the scams Barry is pulling. Let him talk about the federal reserve if he wants. The more he talks a better idea we get of his plans.
E
Exile
Guest
Our current president is working on scams of his own and I seriously doubt he will have the time or inclination to discuss the matter.
C
Cat - astrophe
Guest
Any president who opposed a Central Bank, and later the Federal Reserve, ended up assassinated - Garfield, McKinley, Kennedy. They didn't have to physically assassinate Ron Paul - they just let the media do it to his credibility by labeling him a nut-job. But more and more people are seeing the light and realizing that there is something more going on than 'hope and change' and that the Federal Reserve, plus globalist banksters, are behind it.
D
DAR
Guest
Brown suggested the Fed might be in his cross hairs, but reading European economic news he wants to centralize it globally, not nationally, is why.
I'm against it.
Other than him, people are just starting to wake up. Ron Paul DID get 11 cosponsors from both Dems and GOP on his bill to audit the Fed. It is HR 1207; you should ask your rep to cosponsor and vote for it.
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nothingconstant Churchill's problem was trying to peg the pound to an OLD gold standard (too low a price for the gold) that wouldn't apply because Britain had issued too many pounds during the war to pay for it. Compare that to after our civil war where the dollar was pegged to the THEN CURRENT gold price and after about 5 years of systematically retiring excess dollars, the dollar was pegged right about where it had been before the war. (Ron Paul addressed this in some detail recently, and said we have so many dollars in circulation we would have to go to gold or silver as a competing currency first, it would keep the fed honest because no one would want fed dollars if they kept manipulating them. Eventually, after removing excess from the market, we could switch to the standard (gold or silver) we had chosen.
I'm against it.
Other than him, people are just starting to wake up. Ron Paul DID get 11 cosponsors from both Dems and GOP on his bill to audit the Fed. It is HR 1207; you should ask your rep to cosponsor and vote for it.
--
nothingconstant Churchill's problem was trying to peg the pound to an OLD gold standard (too low a price for the gold) that wouldn't apply because Britain had issued too many pounds during the war to pay for it. Compare that to after our civil war where the dollar was pegged to the THEN CURRENT gold price and after about 5 years of systematically retiring excess dollars, the dollar was pegged right about where it had been before the war. (Ron Paul addressed this in some detail recently, and said we have so many dollars in circulation we would have to go to gold or silver as a competing currency first, it would keep the fed honest because no one would want fed dollars if they kept manipulating them. Eventually, after removing excess from the market, we could switch to the standard (gold or silver) we had chosen.
C
Comrade
Guest
Because they are all spineless and afraid to risk their life for their country as they ask our 18 year olds to do everyday in wars.
N
nothingconstant
Guest
Because it's hard to do.. no politician wants to weather that situation.
Churchill tried to go back to gold standard after WWI and failed miserably. A huge appreciation in the currency would happen as well as massive deflation.. all of which would make us all pretty unhappy.
No one understands how else to grow a currency along with GDP. That is, inflation should ideally be the same as GDP % growth.
If we were on the gold standard, it would essentially stagnate growth.. unless we kept fractionally pinning to gold. Which is essentially the same as pinning it to anything else.
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Deflation equals further currency appreciation which would lead to further demand in our currency as opposed to world currencies which would lead to further demand for our currency.
Unfortunately, no one would demand our products because they would be ridiculously high compared to the rest of the world. It would be the same reason mercantilism failed. No country can hold an infinite positive in a world economy.
Unless you are suggesting we become complete isolationalists.
DAR.. essentially you are saying the peg of dollar to gold should fluctuate which, in my mind, negates the effects of going back to the gold standard.
If you are stating that we should be at the whim of gold prices and whether or not people find gold valuable or not (raising, falling prices) or whether or not gold is discovered somewhere to cause a price shock, then god help us all. It's worse than the system we have now.
I still wonder why no one has addressed reverting to gold standard in the face of a world economy (trade interdependence).
Churchill tried to go back to gold standard after WWI and failed miserably. A huge appreciation in the currency would happen as well as massive deflation.. all of which would make us all pretty unhappy.
No one understands how else to grow a currency along with GDP. That is, inflation should ideally be the same as GDP % growth.
If we were on the gold standard, it would essentially stagnate growth.. unless we kept fractionally pinning to gold. Which is essentially the same as pinning it to anything else.
___
Deflation equals further currency appreciation which would lead to further demand in our currency as opposed to world currencies which would lead to further demand for our currency.
Unfortunately, no one would demand our products because they would be ridiculously high compared to the rest of the world. It would be the same reason mercantilism failed. No country can hold an infinite positive in a world economy.
Unless you are suggesting we become complete isolationalists.
DAR.. essentially you are saying the peg of dollar to gold should fluctuate which, in my mind, negates the effects of going back to the gold standard.
If you are stating that we should be at the whim of gold prices and whether or not people find gold valuable or not (raising, falling prices) or whether or not gold is discovered somewhere to cause a price shock, then god help us all. It's worse than the system we have now.
I still wonder why no one has addressed reverting to gold standard in the face of a world economy (trade interdependence).