End the Fed people (user search)
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  End the Fed people (search mode)
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Author Topic: End the Fed people  (Read 1128 times)
tpfkaw
wormyguy
Junior Chimp
*****
Posts: 9,118
United States


Political Matrix
E: -0.58, S: 1.65

« on: October 19, 2011, 05:44:49 PM »

Ideally you would also repeal legal tender laws and allow the free use of alternative means of exchange, which would revert to some form of privately-minted currency that maintains a highly stable value in a market system - probably not the cliched gold standard but maybe some form of currency with a frozen money supply or at least one that increases at a pre-set, known rate, possibly but not necessarily in conjunction with a commodity standard.

Once that happens, it would become impossible to continue the present system of massive regressive wealth transfers by means of minting dollars and giving them to bankers while sapping the middle class's (more like "the 99.99%'s") purchasing power by means of the resulting inflation, and causing the boom-recession cycle because of the large-scale, poorly considered overinvestment caused by taking large amounts of wealth from the middle class (who would spend it on actual consumer preferences) and giving it to leeches (who spend it on speculation).

Actually, you don't even need to end the Fed to do that, you could just repeal legal tender laws.  Ending the Fed would certainly help though, and if legal tender laws can't be repealed the next best thing would be to end the Fed and move to some sort of (real) commodity standard, because then at least you wouldn't be able to have the present system of trapezocracy.
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tpfkaw
wormyguy
Junior Chimp
*****
Posts: 9,118
United States


Political Matrix
E: -0.58, S: 1.65

« Reply #1 on: October 21, 2011, 09:41:39 PM »

1. Legalize Gold and Silver for alternative money.

Yeah, I don't think the currency police will arrest you if you try to pay for things in gold or silver.

Oh, but the "currency police" do arrest "you" ("you," of course, being a "domestic terrorist").
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