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Reply #15: The Fed is not synonymous with the currency [View All]

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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-04-09 01:22 PM
Response to Reply #14
15. The Fed is not synonymous with the currency
The US dollar existed before the Fed, and will exist afterwards. The currency did a lot better before the Fed got its hands on it - they have devalued it something like 98% since they got their hands on it.

Control of the money supply must rest with the representatives of the people. This is written into the Constitution.

What the Fed is practically synonymous with is permanent war. It claims to be non-political but this is exactly what a managed inflation policy means, and everyone making those decisions knows it.
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  -Question on the Fed from any gurus in here Narkos  Oct-03-09 07:12 PM   #0 
  - I was recently told by a Libertarian that the ONLY  Ruby the Liberal   Oct-03-09 07:16 PM   #1 
  - They can't figure out if there should be government owned street lights  barb162   Oct-04-09 12:07 AM   #7 
  - Wikipedia is your friend.  rgbecker   Oct-03-09 07:30 PM   #2 
  - The money system requires coordination?  notesdev   Oct-04-09 02:50 AM   #10 
     - Try this:  rgbecker   Oct-04-09 11:59 AM   #14 
        - The Fed is not synonymous with the currency  notesdev   Oct-04-09 01:22 PM   #15 
  - All over the world right now, economists are saying that  truedelphi   Oct-03-09 07:32 PM   #3 
  - Was it Kerrey or Dorgan who predicted eliminating G-S  exboyfil   Oct-03-09 08:07 PM   #5 
  - Gosh I miss Wellstone.  truedelphi   Oct-03-09 09:24 PM   #6 
  - Question  EmeraldCityGrl   Oct-04-09 02:15 AM   #8 
  - Correct, but the gold standard has other drawbacks.  AtheistCrusader   Oct-05-09 02:20 AM   #17 
  - you mean this one?  jakeXT   Oct-04-09 04:58 AM   #11 
  - Explain batshit crazy?  izquierdista   Oct-03-09 07:53 PM   #4 
  - Elizabeth Warren as accomplished as she is, seems to passive .  EmeraldCityGrl   Oct-04-09 02:18 AM   #9 
     - I worry about that too  izquierdista   Oct-04-09 11:28 AM   #13 
  - You've gotten some really bad information from libertarians. Sadly, you'll get more of it here.  HamdenRice   Oct-04-09 07:16 AM   #12 
  - This will explane it all  keep_it_real   Oct-04-09 05:01 PM   #16 
  - I have libertarian leanings..  sendero   Oct-05-09 06:32 AM   #18 
 

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