Should we dissolve the Federal Reserve? Should we go back to the gold standard?
What are the pros and cons?
>>79002479
Yes. End the jewbank
>>79002479
Dissolving it would be suicidal. It needs to be nationalized and reformed.
Gold standard is in most aspects worse than fiat.
>>79003463
>Nationalized
>FEDERAL Reserve
r u havin a giggel mate
>>79003608
It's not under the direct control of the government.
Money creation and other monetary policy decisions need to be a 4th branch of government.
>>79003463
This. It should only be under the full authority of the United States government and no one else.
>>79003608
God you're a retard. The federal reserve isn't federally owned.
>>79002479
> cons of ending the Federal Reserve?
Well, you would get a bullet through your head while riding in an motorcade through Dallas, TX, for starters.
>>79003608
Retard
>>79003463
Mostly correct except when they can just print new money without checks and balances.
Even better would be Bitcoin, or something like it. Rare, easy to transfer, and secure. Also no central authority.
>>79002479
An independent and objective audit of the Fed, and Fort Knox, is long overdue.
Monetize silver if we have to use coins, fuck the Goldsmiths v3.0.
Or, develop an oversight for the monetary creation process through technological means. I want to see where every cent of my taxes is going, specifically my money.
>>79003608
I know you get the implication from the name, but the Federal Reserve is unfortunately a privatized central bank. Meaning it's about as Federal as McDonalds
>>79003463
>It needs to be nationalized and reformed.
This is what happened to the first central bank, it became the treasury.
>Gold standard is in most aspects worse than fiat.
no.
>>79003608
It's not actually a federal entity. That's a meme word falsely applied to the name, like how the Bank of America isn't the bank of america, it's a privatized corporate bank formed in the United States.
>>79003463
>shitty leafposter who has no clue how monetary power in the United States is supposed to work
The fed is a parasite, plain and simple. The population is artificially much poorer and less free than it should be.
Don't know the history of the Fed?
https://youtu.be/B4wU9ZnAKAw
Those who cannot remember the past are condemned to repeat it.
The gold standard was an anachronism of a by-gone age of a rather secluded market. With the modern, integrated, fast-paced, fucking enormous global market of deferred payment and trust, money saved was just money wasted. And when the economy did crash, the gold wasn't much good because there wasn't much you could do with it.
While the gold standard was no longer useful, there still needed to be a governmental safety net to try to prevent and lessen the effects of market crashes (which are often more abstract than real). Now I'm no expert on the Federal Reserve, so I can't speak to how well it's doing that and whether it should be reformed or replaced, but it's certainly going to do that better than a small pile of gold will.
>>79004634
>And when the economy did crash, the gold wasn't much good because there wasn't much you could do with it.
Except, you know, pay your bills and eat.
>hurr durr money isn't much good it's not like you can buy things with it
>>79002479
>Returning to the gold standard after (((someone))) bought up all the gold
Yes goyim, this will fix your economy
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>>79004744
How much gold for a roll of toilet paper?
The way I see it, the massive inflation we've seen in the 20th and 21st century is by far the biggest reason for the large class divide between the rich and poor we see today. I'm also not convinced that the liquidity it's provided is the main reason we're so prosperous. There's no doubt that the Fed had a large role in that, and it could not have happened without them.
You end it you end the world economy. Simple. Imagine the drop cause by brexit but a hundred times greater
>>79002479
Yes and yes, however with that being said, we would have to compete with countries that still have central banks and manipulate their currency, but ultimately we would come out on top, would just take a while to fix the current financial situation. Having a central bank that can print money and control interest rates (among other things) is a sure fire way to destroy any economy, if you have the right person at the helm of it, which we have had for a long time now
>>79003999
>>79004475
And now monetary power is split between the treasury(which is directly under govt control) and the fed (which is not),
Gold standard has historically always never existed and when it did, it only did so because it benefited the people controlling its production or the banks/temples that had large quantities of it(see roman civil war, UK's demonetization of silver, etc). Bitcoin does not work exactly because it is not backed by a central authority, a currency only functions as it should if it is backed by the law.
>>79004577
Explain how are you contradicting anything I said. The Fed is not a parasite by itself, it is a parasite because it is right now working for the interests of the banks and the financial sector, if the Govt. were to control it and make it serve the interests of the population instead it would be beneficial to the country.
A central bank by itself is not evil, it is even necessary and good when it works for the people, it becomes detrimental once it starts working for the private interests of the financial sector.
>>79003463
> Gold standard is in most aspects worse than fiat
But that's wrong, you fucking retard.
Don't worry goys you have allies in the federal reserve
>>79002479
We should go to a diversified standard, of gold and other things (what those are I'm open on).
>>79004744
Yes, let me just trade you all these products that aren't being made and the crops that aren't being tended because the economy has frozen its arteries for this pile of shiny magic metal that just summons things from the air.
That may have worked when economies were small and you could always find another market to trade with, but now that all the world's economies are tied to each other, that does jack shit.
>>79003608
gr8 b8 m8 i r8 8/8
>>79005641
How is it wrong friend.
You are artificially limiting your currency and will cause deflation in the long term.
And you are also giving up at least part of your monetary power to the miners and the banks holding the gold.
Gold by itself is not money. Money is money because it is enforced by the law and the state.
>>79005184
You would have to ween off like its a drug.
>>79005887
Actually gold was money, by law they had to exchange cash for it back when. Anyways, thats about the daily man having good on hand, not about the US govt keeping gold to protect its currency value.
>>79004744
>buying food when there is no food
You should listen to some stories from survivors of real war torn countries under siege. When things go to real shit, food and water are worth the most and you can't eat money. Things like batteries, medicine, and ammunition will be far better at getting you food when there isn't enough to go around.
>>79002479
we should but the last guy that tried got shot
https://en.wikipedia.org/wiki/Executive_Order_11110
>>79005462
>The Fed is not a parasite by itself
It creates infinite debt and taxes us to service the interest. It's designed to make everyone poor and consolidate resources.
>it is a parasite because it is right now working for the interests of the banks and the financial sector
It's been one since it's inception because it was created by them.
>A central bank by itself is not evil, it is even necessary and good when it works for the people
this is true but moot, the U.S. treasury would fill this role if they hadn't treasonously given our monetary power away.
>>79006082
Yes gold was money because it was backed by the law, not simply because it was gold. Anything can be money as long as it is backed by the law.
>>79005887
>Money is money because it is enforced by the law and the state
the law and state enforce it but thats not what money is.
Money represents and aggregate of accumulated resources. Thats why currency was originally something valuable like gold. When banks started floating their currencies in order to make more money, they implemented a gold standard instead as insurance. Money needs insurance, all money does.
What insures fiat currency? Well it is the economy itself, which is comprised of citizens. If you are american, you insure the american dollar. What does this mean? It means the fed will trade citizens for money when it can.
>>79002479
No, only Peter Schiff approves of this meme
>>79006242
Sure if it is possible to effectively dismantle the fed and give its powers to the U.S. treasury that would be even better.
>>79002634
>>79003463
>>79003608
>>79003777
>>79006387
>>79006294
>>79006242
>>79006180
>>79006121
Many people believe that taking money out of the hands of private banking cartels and putting money in the hands of gold is a good idea. What they fail to realize is who owns most of the gold? The Jews!
The solution is what Hitler did have the government issue money debt free! Not gold.
>>79005859
>the economy has frozen its arteries for this pile of shiny magic metal
How is keeping the economy flowing freezing it?
Sound money keeps things flowing to some degree no matter how bad things get, you're simply ignoring reality to contradict this truth
>>79006562
Gold *is* the money, not something you pay money for.
>>79003830
That was a clever ploy by the reptilians on Jekyll Island and pretty much why Astor and the Titanic went down.
Actually, the BIS in Basel Switzerland is the central bank of all central banks, it was esoterically made to look like the Tower of Babel! Switzerland is a defensible land of chocolate and gold mountains populated with elite French, German and Italian Catholics. Perhaps a Joo or two for tactical computations but a well armed merc army could easily take it. But they won't, because the BIS could just double their price. Worst case, if Babel is seriously threatened they can just start a world war like the last two. It will be difficult to reform.
>>79006294
Well it can be "money" by law, but it doesn't have worth by entirely law, or else its still fiat.
>a national bank which isn't owned by the nation
Whose fucking idea was this?
>>79006387
Currency was not "originally" something valuable like gold. Currency was anything from knots made from branches to iron ingots with stamps on it. It was not insured by anything but the state.
>It means the fed will trade citizens for money when it can.
That is a problem with the fed not serving the interests of the citizens, not fiat currency.
>>79006564
I can see the line of thought you're going with: "gold is a kind of potential energy we keep around to kick-start the economy when it stops flowing." But the problem is that gold ISN'T potential energy, it's just a precious metal that has a lot of superstition surrounding it. Gold is not real capital, it's a kind of global currency (the superstition surrounding gold affords it that much at least). When the global economy is the thing that is failing then the real worth of gold is failing in proportional degree.
>>79006741
Oh look the inflation is bad and the precious metals can't be manipulated meme again.
>>79006920
I wonder.
>>79006741
Nope, it's a great currency when the government owns all the gold and can issue gold backed dollars but not when Rockejewer and Jewchild owns all the gold
>>79006921
>That is a problem with the fed not serving the interests of the citizens, not fiat currency
possibly, but a feature of fiat currency is that citizens back the currency. This means that citizens pay for any manipulations to the currency made by the central bank
>>79007037
sure
>>79003608
fucking retarded.
>>79007068
you got to learn more about NAZISM
>>79006871
Yes gold is also worth something because it is a commodity like iron or oil.
Which is also one of the reasons I don't like it, for example if someone discovered a huge asteroid with gold on or gold jewelry suddenly became very in demand it it would affect the value of the currency.
>>79007068
The central bank is not supposed to manipulate the currency when it does not benefit the population.
>>79003608
you're baiting right
>>79007342
>not supposed to
>>79005878
leave troll
>>79006180
Dude that order had nothing to do with ending the FED.
>>79007415
leave troll.
Cartoon for those who can't watch The Money Masters:
https://youtu.be/jqvKjsIxT_8
>>79007417
>central bank serving private interests is the problem, not fiat.
Commodity backed or commodity currency can also be easily manipulated if the Govt. gives up its monetary power to a private entity.
>>79002479
No we shouldn't go on the gold standard. Yes we should break up the Federal reserve.
>>79007748
If this conspiracy is real how come no world leader ever did anything about it? Wouldn't at least 1 leader stop this somewhere sometime in some part of the world?
>>79007857
Gadaffi did try, look how he ended up.
>>79007773
>Commodity backed or commodity currency can also be easily manipulated if the Govt
it can be manipulated but not nearly as easily as fiat
>>79008579
Why was Libya so poor then?
Kikes stole all the gold. Fort Knox is empty. We can't go back to a gold standard if we have none of it.
The Jews planned ahead and rigged the game.
OK goodnight :DDDDDDDDDDDDDDDDDDDDDDD
pl s read my posts :(
>>79007748
The video has so many good points with retarded shit mixed in.
>ALL CURRENCIES ARE EVIL WE SHOULD GO BACK TO BARTERING LOANS ARE THEFT!
Do you really want to fucking go back to trading with bags of datefruits for houses? Currencies are mainly for traders' convienience so they don't have to carry huge bags of random shit with heavily fluctuating prices just to earn marginal profit, they can just agree that X has Y value so they can trade A and B accordingly without arbitrary haggling.
>>79008709
Libya was the richest country in northern Africa until the moderate beheader shitshow started.
https://en.wikipedia.org/wiki/Economy_of_Libya
>>79008694
Eh.
Depends.
If you actually have a Govt. entity controlling the fiat currency and have reasonable regulations for banks your currency is pretty much the best it's ever going to get.
A commodity based currency will almost always be open to manipulation and in the end that will infallibly lead to the people that are able to manipulate it correctly to be in control of the monetary system and change it at their will.
This is not even taking into account if your monetary power is already private. If it is then both types of currency will be manipulated in a similar manner and you are mostly fucked.
My point being that monetary power (as well as violence but we are not discussing that) is pretty much the ultimate form of authority, as long as you control the monetary policy of a country you can control almost everything that happens in it.
You own a bank that took on too much debt?
Inflate the currency and pay it back.
Your bank is owed money?
Deflate the currency and collect profits.
Your friends at a defense contractor need money?
Reduce the money supply and convince the people that more defense spending will save the economy (it will but most of the profits will go to the owners of said corporation).
You don't like the current monetary system because it's too well regulated or hard to manipulate?
Crash the system and blame it for your actions, then change it to something easier to manage under the guise of fixing it.
Also bribes but that's just the basics.
>>79009257
nah, you didnt understand the video
>>79003608
You failed High School, didn't you?
>>79009780
you did
>>79009762
It's fucking 46 minutes of same shit being repeated over and over and over and over again in different ways.
>>79009906
yea you didnt understand it
>>79010001
Enlighten me then, because so far it was 30 minutes of:
>BANKS ARE EVIL!
>LOANS ARE EVIL!
>CURRENCIES ARE DEBT!
>BANKS STEAL MONEY!
>>79010213
well id tell you to watch the video but you cant even do that without going full retard
>>79010262
I literally watched 40 minutes of this shit you retarded monkey.
>>79010213
Mostly correct.
Mostly correct.
Depends what you mean by that.
Mostly correct.
>>79009257
>WAHHHH ALL BANKS ARE GOOD NO BANK HAS EVER DONE BAD
You're fucking retarded
>>79002479
Thread Theme
https://www.youtube.com/watch?v=hTZUZkNJI9A
>>79002479
Con's Jews don't get all that free money.
Pro's Citizens get to keep that money. No more 3% yearly jew tax called inflation.
