Did you know the Federal Reserve

Collapse
X
Collapse
 
  • Page of 2
  • Time
  • Show
Clear All
new posts
Previous 1 2 template Next
  • Quotealex
    Confirmed User
    • Sep 2001
    • 6265
    #51
    50 for the fedsl

      Comment

      • fl_prn_str
        Confirmed User
        • Aug 2004
        • 5736
        #52
        Richard M. Nixon took the U.S. off the Gold Standard.

          Comment

          • woj
            <&(©¿©)&>
            • Jul 2002
            • 47880
            #53
            first conspiracy thread of 2006
            Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
            Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager
            Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

              Comment

              • RayBonga
                too cool for highschool
                • Nov 2005
                • 12164
                #54
                Here's an interesting view on the subject:

                I Want The Earth Plus 5%
                How The Federal Reserve Board System Works
                http://electronicgold.blogspot.com/2...th-plus-5.html

                  Comment

                  • warlock5
                    Confirmed User
                    • Jan 2004
                    • 2808
                    #55
                    Originally posted by Matt 26z
                    What's this I recently heard about them no longer reporting how much money is printed?
                    http://research.stlouisfed.org/fred2/series/CURRCIR/45

                    EDIT: actually I think this chart is more up to date:
                    http://research.stlouisfed.org/fred2...RCIR/342/10yrs
                    Last edited by warlock5; 01-08-2006, 12:52 PM.

                      Comment

                      • inthedark
                        Registered User
                        • Dec 2005
                        • 48
                        #56
                        Originally posted by Alex from Montreal
                        Simple. Create your own debt free page money and get rid of the fractional banking system.
                        kennedy tried but never got to complete it ... Johnson didn't seem to like the idea and withdrew the bills from circulation

                        One day there probably be such a form of money, when what the US owes the Federal Reserve become unpayable our government can just outlaw the Fed and the debt is erased... kinda cool if you think about it

                          Comment

                          • warlock5
                            Confirmed User
                            • Jan 2004
                            • 2808
                            #57
                            Originally posted by inthedark
                            kennedy tried but never got to complete it ... Johnson didn't seem to like the idea and withdrew the bills from circulation

                            One day there probably be such a form of money, when what the US owes the Federal Reserve become unpayable our government can just outlaw the Fed and the debt is erased... kinda cool if you think about it
                            Yeah, and say hello to insane taxes on income and everything else. The money the government spends has to come from somewhere.

                              Comment

                              • inthedark
                                Registered User
                                • Dec 2005
                                • 48
                                #58
                                the govt (treasury department) will then print the bills the govt needs to operate instead of the govt getting bills by printing bonds and selling them to the fed

                                as long as they dont overdo the printing inflation could be controlled and no need to raise taxes, worked fine in the US for a long time

                                  Comment

                                  • warlock5
                                    Confirmed User
                                    • Jan 2004
                                    • 2808
                                    #59
                                    overdo? So it would be better to have elected politicians who are notorious for overspending to control the money supply?

                                    And you are wrong about it working fine for the US before, look up the Continental Dollar. In six years the bill went to zero value due to over printing. The US is still here, but it was not an easy lesson (and aparently one few learned from.)

                                      Comment

                                      • Monk
                                        Confirmed User
                                        • Jan 2003
                                        • 631
                                        #60

                                          Comment

                                          • inthedark
                                            Registered User
                                            • Dec 2005
                                            • 48
                                            #61
                                            Originally posted by warlock5
                                            overdo? So it would be better to have elected politicians who are notorious for overspending to control the money supply?

                                            And you are wrong about it working fine for the US before, look up the Continental Dollar. In six years the bill went to zero value due to over printing. The US is still here, but it was not an easy lesson (and aparently one few learned from.)
                                            -that is true, the best argument for having a central bank is that you have a team of trained economists running the money show rather than politicians

                                            -the continental dollar was a mess, colonial scrip worked much better except it pissed off the bank of england and led to the war

                                            personally I would hope to see economists get together and create a computer algorithm for controlling the money supply and take it totally out of the sphere of political influence

                                              Comment

                                              • inthedark
                                                Registered User
                                                • Dec 2005
                                                • 48
                                                #62
                                                Originally posted by Monk
                                                it will always be that way with a fed, they aren't producing anything but are due interest on everything ... increasing prices is how the interest can be paid ... not bad if your income keeps up

                                                  Comment

                                                  • warlock5
                                                    Confirmed User
                                                    • Jan 2004
                                                    • 2808
                                                    #63
                                                    I'm not convinced that an algorithm could do an even satisfactory job at something even some of the smartest economists struggle with.

                                                      Comment

                                                      • Quotealex
                                                        Confirmed User
                                                        • Sep 2001
                                                        • 6265
                                                        #64
                                                        Originally posted by warlock5
                                                        The money the government spends has to come from somewhere.
                                                        If the bankers can create money from nothing with the fractional system currently in place, why can't the government do likewise or something similar.

                                                          Comment

                                                          Previous 1 2 template Next
                                                          Working...