Does anyone think we need the Fed?

Discussion in 'Economy' started by rubberhead, Oct 6, 2009.

  1. rubberhead
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    rubberhead Member

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    I'd love to hear some arguments why we need the Federal Reserve System and "elastic" fiat currency in general. Also, if you could tell me why fractional reserve banking is not fraud, I'd greatly appreciate that. Thanks! Also, if you think the Fed Board are a bunch of counterfeiters printing money for defrauding depositors and paying off the ever growing deficit, feel free to say so.

    If you don't know what the Federal Reserve is, then I suggest you find out because it is controlling our economy.
     
  2. Paulie
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    Paulie Gold Member

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    Most arguments you'll hear FOR the Fed stem from the fact that we're already so buried in the Federal Reserve System that we can not possibly survive on something different.

    It's all that anyone alive even knows. I suppose the Fed likes it that way.
     
  3. rubberhead
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    rubberhead Member

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    Getting out of the fiat system would be more painful than continuing down this road... yeah, I think I've heard that one. I think another reason why no one is interested is because the financial system is so painfully boring that no average person can stay awake through a Fed hearing and congress likes having a way to tax Americans ('inflation tax') without their consent or even immediate knowledge to fund endless wars and entitlement programs.
     
  4. Paulie
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    Paulie Gold Member

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    Yes, willful ignorance on the part of the public definitely plays a prime role in our economic demise.
     
  5. BasicGreatGuy
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    BasicGreatGuy Aut libertas aut mors

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    I would truly enjoy seeing the Federal Reserve come to a halt.
     
  6. The Rabbi
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    The Rabbi Gold Member

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    I would truly enjoy seeing Rubberdickhead study some economic history so he can pluck his head out of his ass and figure out why the Fed is important--crucial in fact to the American economy.
     
  7. Paulie
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    Paulie Gold Member

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    It's not surprising that someone with jewish nomenclature would be advocating the Fed.
     
  8. The Rabbi
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    The Rabbi Gold Member

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    Because we all know the Fed is actually the tool of the World Zionist Conspiracy. Right?
     
  9. rubberhead
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    rubberhead Member

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    Oh, are you still crying Rabbi Hitler? Come on, give me one good reason to have a clandestine organization manipulating the value of our currency under a cloak of almost complete secrecy? I mean other than defrauding the American people. Ready?! Go!
     
    Last edited: Oct 6, 2009
  10. The Rabbi
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    The Rabbi Gold Member

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    How do they manipulate the value of our currency? How was value determined before the Fed?
     

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