Is Ron Paul the only candidate who can emancipate us from the Fed? (representation, McCain)
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I definitely will not vote for a candidate who supports the gold standard.
Yeah, the golden rule really stinks, treating other countries the way we would want them to treat us.
Yes, I knew you meant the other gold. the devaluation of our fiat currency has worked so much better, keep those printing presses at The Fed smokin' hot!
The fact that gold did increase dramatically in value undercuts the argument that it didn't. Moreover, the the money supply increases more or less continuously. By your argument, gold should always rise. But a casual revue of gold prices over the last 30 years indicates that gold jumped in 1980, then nosedived and stayed low for most of that time only to rise in the last year. Over the past few weeks, gold has plummeted -- even though nothing has changed with the money supply. As you can see from the below chart, gold prices correlate very poorly compared to the money supply.
The banking system is indeed able to create money with a mere computer keystroke. However, a bank's ability to create money is tied directly to the amount of reserves customers have deposited there. A bank must pay a competitive interest rate on those deposits to keep them from leaving to other banks. This interest expense alone is a substantial portion of a bank's operating costs and is de facto proof a bank cannot costlessly create money.
The Fed really doesn't give a flying f__k what the interest rates are - and they create debt regardless of the reserves on hand - that is exactly the problem - if WE controlled the issuance of debt directly, we would necessarily need to restrict it according to our own reserves on hand - that restriction is not in place at this time.
The fact that gold did increase dramatically in value undercuts the argument that it didn't. Moreover, the the money supply increases more or less continuously. By your argument, gold should always rise. But a casual revue of gold prices over the last 30 years indicates that gold jumped in 1980, then nosedived and stayed low for most of that time only to rise in the last year. Over the past few weeks, gold has plummeted -- even though nothing has changed with the money supply. As you can see from the below chart, gold prices correlate very poorly compared to the money supply..
lmao you base your theory on what happened in a few weeks?????
"the money supply increases more or less continuously????"
sigh... where do you get your information from?
Is there anyone else with the courage to take on the Fed?
Poll does not have the correct answer included:
None of the Above
Paul won't be The Man, Romney will be and he will do Nothing about the FED. Reality sets in
That isn't the real question. The real question is are you willing to give up half of everything you have, and to have your children and grand-children live in your home all of their lives.
Your knowledge of things economic is on a par with a fossilized crustacean.
What are you TALKING about? Ending the FED would INCREASE everyone's standard of living. YOU are the one who needs a history lesson. (Sorry if I already posted something to this effect earlier.)
I don't know who that was directed at but if you've studied the history of the topic you would know that the main reason the Fed was created was to manage stability. Congress would be no acceptable substitute for the current system.
HA! What a laugh that explanation is. If anything the currency is far LESS stable with private banksters controlling interest rates and stealing money from taxpayers like the Federal Reserve has been doing.
I hope nobody in our country at this state actually believes such a silly concept (that the FED stabilizes the currency) having lived through the opposite reality of the bailouts and inflation over the past 3 years.
That isn't the real question. The real question is are you willing to give up half of everything you have, and to have your children and grand-children live in your home all of their lives.
Your knowledge of things economic is on a par with a fossilized crustacean.
We also had wild swings of inflation and deflation and financial manipulations in the times before the Fed's creation. The economy has been far better managed after 1913 than before.
Who cares about the dollar's purchasing power as long as wages keep pace with prices? I know that my standard of living is far better than my grandfather's, even though my grandfather could buy a loaf of bread for a nickel -- he had trouble earning the nickel. I see no evidence that "We'd have a LOT MORE prosperity without a central bank and without the IRS which has also only been around since 1914." Real GDP per capita has been rising:
We are how many trillion dollars in debt now compared to how many ??? dollars in debt then? So how has the economy been better managed again?
I don't know who that was directed at but if you've studied the history of the topic you would know that the main reason the Fed was created was to manage stability. Congress would be no acceptable substitute for the current system.
“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.”
- Abraham Lincoln
Vs.
“Give me control of a nation's money and I care not who makes it's laws."
- Mayer Amschel Bauer Rothschild
Hmmm ... I wonder which idea is better for the people and the Constitutional Republic of America? Have the Government (congress and treasury) control and print the currency, or to let the international banksters do it instead?
Before the Fed, our dollar was as strong and actually worth more than a dollar. It has lost its worth ever since.
Today a dollar is worth a nickle.
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