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Author Topic: Do we NEED the federal reserve? Why, or why not? [Locked]
jeune  1 star
Posts: 216
Registered: 2005-5-29 13:25:11
Brother_Tempus posted:

The Federal Reserve is not needed becuase it is illegal. Government only has the authority to coin ( not print) money and determine the weights and measures of said coins.

That's it, it does not have the authority to set interest rates, or to mandate to the people what currencies they can or cannot use.



I did not know you were a constitutional revisionist...

"To coin Money, regulate the Value thereof,and of foreign Coin, and fix the Standard for Weight and measures;"

according to you Congress can stamp out chucky cheese coins and put any value on them and everything is fine because it is a coin... another fiat currency... just like gold... it has an artificial level put on it by congress.

Please explain how I am going to be able to live my life transacting in gold... how do I buy something online?

 

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"Whenever the white man treats the Indian as they treat each other then we shall have no more wars. We shall be all alike — brothers of one father and mother, with one sky above us and one country around us and one government for all."
Ah-Schoo  4 stars
Title: Fuzzy Caterpillar of Friendliness
Posts: 3,034
Registered: 2000-8-11 09:05:29
-Mithan- posted:

Arc_DT posted:

I think I'll just sit back and watch the ignorance flow on this subject, because there's gonna be an F-ton of it.


Depends. Most people know this is a troll.



...


Aerlinthian posted:

Jezza_Belle posted:

I'd have to say, I really have no idea. Someone knowledgeable should talk about it, so I can figure it out.

http://www.amazon.com/End-Fed-Ron-Paul/dp/B004IEA4DM/

http://youtu.be/lXb-LrVkuwM

I agree with Paul about ending the private cartel Federal Reserve company. I disagree with him about reverting to a gold standard, I like Bill Stills solution there, we can create sovereign money just like we did under Lincoln. (see second link for full explanation)



Brother_Tempus posted:

<I poop on your thread with idiocy poop.>


Reliably.

 

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Opinion = fact. Anecdote = proof. Political label more important than either of those.
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"fascist totalitarian secular progressive Zionist intellectually challenged Christian puppets." - Aerlinthina
Kanga_Roo  2 stars
Posts: 439
Registered: 2002-2-26 12:58:17
Ron Paul is illegal because he is not specifically mentioned in the US Constitution. Do away with FIAT politicians!

 

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Laws control the lesser man... Right conduct controls the greater one.
Mark Twain
Arc_DT  2 stars
Title: Mithan said I am smart
Posts: 363
Registered: 2002-5-28 08:25:51
Ah-Schoo posted:

Reliably.


I thought Aerlinthian's response was remarkably lucid. Of course, I didn't watch the video, but I know what Lincoln did to finance the war so I can understand his point without it.

BT, of course, never disappoints.

 

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