6 Weeks Left Congress

[Gunstan]

The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?

Jackson did it and it all turned out fine.

[Bering]

The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?

Because Ron Paul said so
*nods*

[The Nuclear Fist]

You must be a special kind of stupid, haha.

And you're flaming, which is against the rules.

It's almost like you didn't realize that was sarcasm.

I live in Florida and we have the fourth strongest economy in the US, if you did sell Florida then you would screw the US even more, Michigan is about to go completely bankrupt and California and several other states follow them. But Florida will be one of the last to fall, Florida isn't going anywhere.

California's running a surplus, so right off the bat you seem to be wrong.

[Quackquackhonk]

In 6 weeks (this is a rough number) from today, the US Government will be down to anything from 0$ to 50 billion (witch would last for less then a single day)

Congress seems to have few options

1. Let the government run out of money.

2. Raise debt ceiling (Nice way to say, we will deal with this later, when the problem is worse.)

3. There is no option 3 really, I suppose if worse came to worse the government could just start selling land,old military hardware,gold (assuming the gold is still there.)




So, what do you guys think the government should do?


Personnally, I think we need to end it and restart it.

i assume you enjoy anarchy, yes?

[The Nuclear Fist]

Jackson did it and it all turned out fine.

Except for the financial collapse, of course.

[The lepearchauns]

The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?

Jackson did it and it all turned out fine.

Jackson also watched over the trail of tears...not a role model

[Bering]

The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?

Jackson did it and it all turned out fine.

Um, No...No it didn't

[Cannot think of a name]

The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?

Jackson did it and it all turned out fine.

Sometimes I feel like it's a race to see how quickly a poster can erode the benefit of the doubt.

I mean, seriously dude, this isn't even my cause but just reading along in the thread has made me laugh at this post.

[Ainin]

The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?

Jackson did it and it all turned out fine.

Then we have different definitions of "fine".

[Gunstan]

Jackson did it and it all turned out fine.

Um, No...No it didn't

Not in the short term, but in the long term, with real money backed with real gold, we had the biggest boom in the economy one could imagine, yep, this is why you should not expect to see a guilded age with this rate the money is being devalued.

[Skeckoa]

Sell Florida..

Everyone knows this is the right answer.

You must be a special kind of stupid, haha.
I live in Florida and we have the fourth strongest economy in the US, if you did sell Florida then you would screw the US even more, Michigan is about to go completely bankrupt and California and several other states follow them. But Florida will be one of the last to fall, Florida isn't going anywhere.

Even in California's state, it still inputs more into the US government than it receives in return, so we ain't going anywhere either.

[Cu Math]

Sell Florida..

Everyone knows this is the right answer.

You must be a special kind of stupid, haha.
I live in Florida and we have the fourth strongest economy in the US, if you did sell Florida then you would screw the US even more, Michigan is about to go completely bankrupt and California and several other states follow them. But Florida will be one of the last to fall, Florida isn't going anywhere.

Florida costs us more money than it gives back. 581 dollars per person more to be exact.

[The Nuclear Fist]

Not in the short term, but in the long term, with real money backed with real gold, we had the biggest boom in the economy one could imagine, yep, this is why you should not expect to see a guilded age with this rate the money is being devalued.

The gilded age was terrible, I'm not sure why you would want it back.

And source on Jackson's policies having long term benefits? I'm relatively certain economic collapse is bad.

[Blasveck]

Um, No...No it didn't

Not in the short term, but in the long term, with real money backed with real gold, we had the biggest boom in the economy one could imagine, yep, this is why you should not expect to see a guilded age with this rate the money is being devalued.

Source all that please.

And please, don't forget about the two longest depressions in American history during that time period as well.

[Nationalist Eminral Republic]

Um, No...No it didn't

Not in the short term, but in the long term, with real money backed with real gold, we had the biggest boom in the economy one could imagine, yep, this is why you should not expect to see a guilded age with this rate the money is being devalued.

Do you really think that gold is immuned to any crisis and that it's value will not go down?

[Skeckoa]

It is in times like these that one must remember...

"In the long run, we are all dead..."

[Gunstan]

Not in the short term, but in the long term, with real money backed with real gold, we had the biggest boom in the economy one could imagine, yep, this is why you should not expect to see a guilded age with this rate the money is being devalued.

Source all that please.

And please, don't forget about the two longest depressions in American history during that time period as well.

Dont forget about the 11 reccesions since 1913, including the Great Depression idioto.

[Pavlostani]

Spain. Russia. China. Anyone, really

I don't know most countries have SOME standards

Alright. North Korea.

The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?

Jackson did it and it all turned out fine.

So, because one man who lived approximately two hundred years ago in the days of a different reserve did it, things will go fine?

Sell Florida..

Everyone knows this is the right answer.

You must be a special kind of stupid, haha.
I live in Florida and we have the fourth strongest economy in the US, if you did sell Florida then you would screw the US even more, Michigan is about to go completely bankrupt and California and several other states follow them. But Florida will be one of the last to fall, Florida isn't going anywhere.

Meh, at least we don't have to worry about ballsing up elections once you're gone.

[Cu Math]

Um, No...No it didn't

Not in the short term, but in the long term, with real money backed with real gold, we had the biggest boom in the economy one could imagine, yep, this is why you should not expect to see a guilded age with this rate the money is being devalued.

Getting us off the gold standard helped end the great depression. Also, do you realize that gold is widely used as a material and so the price is unstable?
That's like basing the dollar off weasels. Nonsensical and something someone pulled out of their ass.

[Blasveck]

Source all that please.

And please, don't forget about the two longest depressions in American history during that time period as well.

Dont forget about the 11 reccesions since 1913, including the Great Depression idioto.

Why the fuck are you calling me an idiot?

You're the one spouting needless rhetoric, resorting to ad hominem attacks instead of having a pair and backing up your shit when we ask you to.

[Bering]

Source all that please.

And please, don't forget about the two longest depressions in American history during that time period as well.

Dont forget about the 11 reccesions since 1913, including the Great Depression idioto.

And those are the reserve's fault how?

[The Nuclear Fist]

Getting us off the gold standard helped end the great depression. Also, do you realize that gold is widely used as a material and so the price is unstable?
That's like basing the dollar off weasels. Nonsensical and something someone pulled out of their ass.

I support a weasel-based currency and you should too! *nods*

[Bering]

Getting us off the gold standard helped end the great depression. Also, do you realize that gold is widely used as a material and so the price is unstable?
That's like basing the dollar off weasels. Nonsensical and something someone pulled out of their ass.

I support a weasel-based currency and you should too! *nods*

No! Cap-based economy *nods*

[The lepearchauns]

The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?

Jackson did it and it all turned out fine.

I assume you know that Jackson favored the agrarian south and opposed the national bank because he felt it profited northern industry over southern farmers...right?

[Pavlostani]

Getting us off the gold standard helped end the great depression. Also, do you realize that gold is widely used as a material and so the price is unstable?
That's like basing the dollar off weasels. Nonsensical and something someone pulled out of their ass.

I support a weasel-based currency and you should too! *nods*

Now you have to run for president and bring us to the weasel standard.