Banker Coup Continues
Longshot
Posts: 353
Federal Reserve to print our money now?
I hope I linked this correctly, I haven't posted in some time!
I hope I linked this correctly, I haven't posted in some time!
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Comments
I happen to disagree with this comment. The ony way to get a $1 coin to circulate which would ultimately save millions of dollars every year is to phase out the $1 note. Second, the $2 note isn't widely used today becuase we have the $1 note. I hear people all the time saying they wouldn't want a $1 coin because they would have to carry around more change. I don't think they stopped to think about the fact that the $2 note would probably become as widely used as the $1 note is today, which means they probably wouldn't have to carry around alot of extra change. (There would be a slot for it in the cash drawer)Can you imagine, instaed of 10 $1 dollar notes stuffed into your wallet, now you only have 5 $2 notes?
I'm not saying this bill is okay, all I'm saying is I disagree with that particular paragraph.
JMO as always.
Dennis
Looking for PCGS AU58 Washington's, 32-63.
Not sure that I agree with that statement. First, it is questionable whether there is enough physical gold and silver to realistically back the currency, given the massive amount of money out there. Secondly, haven't we always had some inflation present?? Even when we did have silver and gold coinage??? I seriously doubt that all inflation can be stopped. And, actually, it probably should not be. It is debated that some inflation is actually good; you just don't want it to get too much out of kilter.
<< <i>I also have doubts on the posters' comments "Once the Federal Reserve is eliminated, the U.S. Treasury could print their own U.S. Notes backed 100% by gold or silver bullion. A return to honest money where U.S. Dollars represent silver and U.S. Eagles represent gold would ensure that there are no inflation problems."
Not sure that I agree with that statement. First, it is questionable whether there is enough physical gold and silver to realistically back the currency, given the massive amount of money out there. Secondly, haven't we always had some inflation present?? Even when we did have silver and gold coinage??? I seriously doubt that all inflation can be stopped. And, actually, it probably should not be. It is debated that some inflation is actually good; you just don't want it to get too much out of kilter. >>
Hey, ya' got what you were promised; A funny money report.
It really should be a little funnier though to make it worth reading.
Yet the key item is transferring control of printing/coining money from the Treasury/US Mint to the FED. Do you think the FED will continue to authorize the issuance of $50 one ounce gold coins down the road to compete against their sagging FRN?
A "little bit" of inflation at 2-3% per year is what got us to where we are today (95% devalued dollar). Obviously a little bit of inflation has really hurt us and transferred wealth to a centralized few. The FED is the source of inflation, always has and always will be. Giving them the control over the issuance of actually money would complete the 4 bagger that began in 1913. This bill is not about convenience or saving money but soley about who has the keys to the car. Imagine giving control of your family car to a neighbor to decide when you can drive, where to, and how far. The only power remaining that they will covet is direct control and ownership of the nation's remaining gold reserves.
If the FED gets the powers to choose the design of our commems, can a board of governor's likeness be far behind?
roadrunner
<< <i>I also have doubts on the posters' comments "Once the Federal Reserve is eliminated, the U.S. Treasury could print their own U.S. Notes backed 100% by gold or silver bullion. A return to honest money where U.S. Dollars represent silver and U.S. Eagles represent gold would ensure that there are no inflation problems."
>>
Oh, brother more voodoo economics. Yes, let's bring on a severe depression by restricting the money supply (for no good reason) to the inventory of gold and silver.
Let's not forget that it was the FED's actions from 1913 to 1929 that lead us from boom to a major recession. It was also the FED's inaction in 1929 that also helped to make it "Great." Most of the FED's actions since are for "no good reason" other than to benefit the banking cartel.
roadrunner
<< <i>Oh, brother more voodoo economics. Yes, let's bring on a severe depression by restricting the money supply (for no good reason) to the inventory of gold and silver.
Let's not forget that it was the FED's actions from 1913 to 1929 that lead us from boom to a major recession. It was also the FED's inaction in 1929 that also helped to make it "Great." Most of the FED's actions since are for "no good reason" other than to benefit the banking cartel.
roadrunner >>
Notice what happens to the "annual average" in 1913 and afterwards....
The inflation curve is basically a flat line excepting the US Civil War until 1913 when it takes off. It only moderates during the 1932-1942 period when it accelerates again by kicking in another "war machine". After WWII....whoooosh. Notice also that from 1800 until 1913 there were 41 years with negative inflation, and 44 years with ZERO inflation. That 3/4 of that pre-FED period with ZERO or negative inflation.
Also not that after the inflationary period of the Civil War subsided, prices fell to their lowest in US history. The smart reader will understand it's the industrialization of that period, "and" a currency backed by gold/silver which allowed goods to be produced cheaper which allowed the ability to "stretch" the dollar.
Also, note the data is from the FED itself.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire