End The Fed?

[Mortshnefran]

So Ron Paul has a new book out called "End the Fed". i haven't read it yet but i assume that i know what most of his argument will be, but it got me to thinking. Why isn't the Federal reserve more of an issue among many people? As I see it, it is an issue both conservatives and liberal can get behind.

From the conservative side the Fed represents an unregulated tax, because whenever the government takes out a loan it increases the total amount of currency creating inflation. The government is decreasing your relative wealth for it's own agendas.

On the liberal side, this inflation and the actions allowed by the federal reserve system, allow giant banks to make huge profits by essentially loaning out money that does not exist and collecting interest on something that cost them nothing. all at the expense of small banks and the people. The Fed is a private entity, not a government agency

So what are your feeling on this. Should the Fed be disbanded, modified, or left the way it is?

For people from other countries, how do you feel about your central bank? and is it public or private?

[History land]

The Federal Reserve should be disbanded. It caused the great depression and the problem the US is in now. They can`t control the free market. They have failed by artificialy lowing intrests rates which is the problem and when they mess up the nation suffers.

[NoHolocaustHappened]

Ron Paul? The Transvestite?

[The Black Forrest]

Ron Paul? The Transvestite?

[Leftist Moonbats]

The Federal Reserve should be disbanded. It caused the great depression and the problem the US is in now. They can`t control the free market. They have failed by artificialy lowing intrests rates which is the problem and when they mess up the nation suffers.

I think the IRS should be slapped down. And while we're at it, I say disband the ATF and let the FBI take that role. The ATF has been breaking Federal Laws for decades and they are only getting worse.

[Allbeama]

The Federal Reserve should be disbanded. It caused the great depression and the problem the US is in now. They can`t control the free market. They have failed by artificialy lowing intrests rates which is the problem and when they mess up the nation suffers.

Seriously? The Great Depression was not caused by the Federal Reserve existing, History Land. Rather it seems because it failed to act on its responsibilities. But this is merely one of several possible causes, as outlined here.http://en.wikipedia.org/wiki/Great_Depression#Monetarist_explanations

[Mortshnefran]

Ron Paul? The Transvestite?

no that's rue paul, but they did have a love child. you know him as Paul Ruebens

[History land]

The Federal Reserve should be disbanded. It caused the great depression and the problem the US is in now. They can`t control the free market. They have failed by artificialy lowing intrests rates which is the problem and when they mess up the nation suffers.

Seriously? The Great Depression was not caused by the Federal Reserve existing, mr. Revisionist/ Alternate Reality History Land. Rather it seems because it failed to act on its responsibilities. But this is merely one of several possible causes, as outlined here.http://en.wikipedia.org/wiki/Great_Depression#Monetarist_explanations

You know what made it worst The New Deal

[NoHolocaustHappened]

The Federal Reserve should be disbanded. It caused the great depression and the problem the US is in now. They can`t control the free market. They have failed by artificialy lowing intrests rates which is the problem and when they mess up the nation suffers.

Seriously? The Great Depression was not caused by the Federal Reserve existing, mr. Revisionist/ Alternate Reality History Land. Rather it seems because it failed to act on its responsibilities. But this is merely one of several possible causes, as outlined here.http://en.wikipedia.org/wiki/Great_Depression#Monetarist_explanations

You know what made it worst The New Deal

The New Deal was gasoline to Fire.

[Sibirsky]

The Federal Reserve should be disbanded. It caused the great depression and the problem the US is in now. They can`t control the free market. They have failed by artificialy lowing intrests rates which is the problem and when they mess up the nation suffers.

Seriously? The Great Depression was not caused by the Federal Reserve existing, mr. Revisionist/ Alternate Reality History Land. Rather it seems because it failed to act on its responsibilities. But this is merely one of several possible causes, as outlined here.http://en.wikipedia.org/wiki/Great_Depression#Monetarist_explanations

I would like to say to Milton and Anna...regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again.

[Mortshnefran]

The Federal Reserve should be disbanded. It caused the great depression and the problem the US is in now. They can`t control the free market. They have failed by artificialy lowing intrests rates which is the problem and when they mess up the nation suffers.

Seriously? The Great Depression was not caused by the Federal Reserve existing, mr. Revisionist/ Alternate Reality History Land. Rather it seems because it failed to act on its responsibilities. But this is merely one of several possible causes, as outlined here.http://en.wikipedia.org/wiki/Great_Depression#Monetarist_explanations

http://en.wikipedia.org/wiki/Great_Depr ... ian_School
from the same article so as you can see there are other opinions as to the influence of the fed on the great depression. and it's not revisionist history to make a different interpretation of data. it requires that the data be distorted at least when used in the negative sense.

[Melkor Unchained]

Whoo boy, this one's gonna be a doozy

[Flaming Psycopaths]

Any bets on how long Obama will live if he starts making half-way serious noises about getting rid of the Fed?

[Sibirsky]

So Ron Paul has a new book out called "End the Fed". i haven't read it yet but i assume that i know what most of his argument will be, but it got me to thinking. Why isn't the Federal reserve more of an issue among many people? As I see it, it is an issue both conservatives and liberal can get behind.

From the conservative side the Fed represents an unregulated tax, because whenever the government takes out a loan it increases the total amount of currency creating inflation. The government is decreasing your relative wealth for it's own agendas.

On the liberal side, this inflation and the actions allowed by the federal reserve system, allow giant banks to make huge profits by essentially loaning out money that does not exist and collecting interest on something that cost them nothing. all at the expense of small banks and the people. The Fed is a private entity, not a government agency

So what are your feeling on this. Should the Fed be disbanded, modified, or left the way it is?

For people from other countries, how do you feel about your central bank? and is it public or private?

The reason it is not a bigger issue is that the regular public just doesn't understand the Fed. How it works. And the fact that it is a private, for profit entity. They think it's a branch of the government. Instead, the government is in debt to this private entity to the tune of $5 trillion, or thereabouts. Who's really running the show?

[Mortshnefran]

Any bets on how long Obama will live if he starts making half-way serious noises about getting rid of the Fed?

he won't he's a loyal politician. no different than any other.

[Sibirsky]

Any bets on how long Obama will live if he starts making half-way serious noises about getting rid of the Fed?

Wasn't JFK proposing closing the Fed?

[Flaming Psycopaths]

Any bets on how long Obama will live if he starts making half-way serious noises about getting rid of the Fed?

Wasn't JFK proposing closing the Fed?

Yes he was.

[Mortshnefran]

The reason it is not a bigger issue is that the regular public just doesn't understand the Fed. How it works. And the fact that it is a private, for profit entity. They think it's a branch of the government. Instead, the government is in debt to this private entity to the tune of $5 trillion, or thereabouts. Who's really running the show?

if i ran the zoo.

i would immediately stop the fed from loaning any more money. cancel all debt owed to it by the government. require the repayment to it by all private entities. seize that money and use it to pay the debt we owe to foreign countries if there is all left by that point. use it for other purposes, probably buying up a shitton of gold, silver, etc. and establishing a real currency.

[Sibirsky]

Any bets on how long Obama will live if he starts making half-way serious noises about getting rid of the Fed?

Wasn't JFK proposing closing the Fed?

Yes he was.

I think you got where I was going with your question.

[Allbeama]

The Federal Reserve should be disbanded. It caused the great depression and the problem the US is in now. They can`t control the free market. They have failed by artificialy lowing intrests rates which is the problem and when they mess up the nation suffers.

Seriously? The Great Depression was not caused by the Federal Reserve existing, mr. Revisionist/ Alternate Reality History Land. Rather it seems because it failed to act on its responsibilities. But this is merely one of several possible causes, as outlined here.http://en.wikipedia.org/wiki/Great_Depression#Monetarist_explanations

http://en.wikipedia.org/wiki/Great_Depr ... ian_School
from the same article so as you can see there are other opinions as to the influence of the fed on the great depression. and it's not revisionist history to make a different interpretation of data. it requires that the data be distorted at least when used in the negative sense.

My point is he took one point of view as the absolute undisputed fact, and in reality there are more ways than one to skin this cat, alright? I am sorry I used Revisionist but also have encountered a seeming lack of understanding of history on his part before I jumped the gun but I still think there is more to it than just the Federal Reserve messed up. Even so , it isn't enough justification to say shit can the whole thing altogether.

[Sibirsky]

The reason it is not a bigger issue is that the regular public just doesn't understand the Fed. How it works. And the fact that it is a private, for profit entity. They think it's a branch of the government. Instead, the government is in debt to this private entity to the tune of $5 trillion, or thereabouts. Who's really running the show?

if i ran the zoo.

i would immediatly stop the fed from loaning any more many. cancel all debt owed to it by the government. require the repayment to it by all private entities. seize that money and use it to pay the debt we owe to foriegn countries if there is all left by that point. use it for other purposes, probably buying up a shitton of gold, silver, etc. and establishing a real currency.

I don't know. Cancel debt owed to it? Seize money paid to it? That sounds extreme. And like theft.

[Allbeama]

The Federal Reserve should be disbanded. It caused the great depression and the problem the US is in now. They can`t control the free market. They have failed by artificialy lowing intrests rates which is the problem and when they mess up the nation suffers.

Seriously? The Great Depression was not caused by the Federal Reserve existing, mr. Revisionist/ Alternate Reality History Land. Rather it seems because it failed to act on its responsibilities. But this is merely one of several possible causes, as outlined here.http://en.wikipedia.org/wiki/Great_Depression#Monetarist_explanations

You know what made it worst The New Deal

Prove that please. It also appears that based on what I read in the article this argument has a somewhat anti Union , anti minimum wage and anti Social Security slant so I am inclined to think that point of view is biased.

[History land]

I`ll let you reasearch it which will prove me right but in a nutshell. The New Deal`s programs caused more debt and goverment controlled hel keep the US in the depression

http://en.wikipedia.org/wiki/The_New_Deal

http://en.wikipedia.org/wiki/The_New_Deal_and_corporatism

[Mortshnefran]

The reason it is not a bigger issue is that the regular public just doesn't understand the Fed. How it works. And the fact that it is a private, for profit entity. They think it's a branch of the government. Instead, the government is in debt to this private entity to the tune of $5 trillion, or thereabouts. Who's really running the show?

if i ran the zoo.

i would immediatly stop the fed from loaning any more many. cancel all debt owed to it by the government. require the repayment to it by all private entities. seize that money and use it to pay the debt we owe to foriegn countries if there is all left by that point. use it for other purposes, probably buying up a shitton of gold, silver, etc. and establishing a real currency.

I don't know. Cancel debt owed to it? Seize money paid to it? That sounds extreme. And like theft.

cancel the debt owed by the government to the federal reserve. unless i'm misinformed(i very well could be) private entities also borrow money directly from the reserve. they are still obligated to pay those debts as they reaped the benefits of the borrowing. the reserve at this point essential neutered and turned into a governmental agency would have the sole purpose to recollect the private debt. use that money to pay back foreign debt.

and it isn't theft as the fed is an illegal immoral business, and has no protection in my opinion.

[Allbeama]

I`ll let you reasearch it which will prove me right but in a nutshell. The New Deal`s programs caused more debt and goverment controlled hel keep the US in the depression

http://en.wikipedia.org/wiki/The_New_Deal

http://en.wikipedia.org/wiki/The_New_Deal_and_corporatism

First source shows a variety of opinions. Second source shows a sampling of rhetoric. Neither convince me. It did not fix it, but I doubt it actually worsened it.