HR 1207 Federal Reserve transparency

well if u dont wanna go crazy then dont read this book.

basaically a 600 page book explaining the ways that you are taking a royal punding in the ass from the federal reserve.

Ron Paul knows people aren’t ready to end the Fed because people don’t even understand it. The point is; the more people know the more they will understand what a complete waste of money and control the Fed is. They have destroyed our dollar and made trillions (although who could possibly know the actual number with the way they operate) in profit doing it. We existed for decades without a central bank in the past. Once we realize we don’t need one we will get rid of it just as we did several times before.

It’s time to wake up sheeple.

out of curiosity, how much would we save if, just for one year, all of the richer than rich representatives took a 10% pay hit? They make enough on the side anyway right.

So they take a 10% hit for doing something right? Im sure it would help out a bit but I find something morally wrong to take away from people when they didn’t do anything but make good choices. Yet on the contrary, I find it morally wrong that someone with that amount of money doesn’t try to do something with it to help this failing economy.

ron paul.:tup:

how long has it been since our money was actually backed by gold?

Yeah I get what your saying, but any business would have done pay cuts or something by now, downsizing is apparently out of the question.

Its like when they wanted to regionalize buffalo, 1 government, 1 police force, etc. That would save a lot in upper positions (think of all the highway supers and town supervisiors we wouldn’t need) but no one is going to go for that, especially those who feel they are “better” than the city and don’t want taxes going there to help the hole that it is slowly becoming :frowning:

i have nothing to comment other than that Ron Paul fukking rules.

1913

Well, it was partially backed until 1971 with bretton woods.

Eh, transparency is good but this bill kind of smells. Maybe it’s the tinfoilhat introduction. There are reasons why the Fed operates at an arms length from the Gov. It’s not like they’re allowed to operate in shadows to begin with.

:lol: Just move to Canada if you want anarchy so bad. We went back to a central bank because we got sick of cyclic banking panics. Monetary policy is be useful.

And LOL at “OMG the fed DESTROYED the dollar!” Not like expanding the money supply grows the economy faster than it shrinks the value of the dollar or anything. :cjerk: Go ask your parents if you have more stuff than they did at your age then tell me that expansionist monetary policy is bad.

yes thanks to nixon in 71 we lost complete backing

And the economy has seen unprecedented growth and an inflationary yet stabilizing dollar value. Bastard.

Fry said everything I was planning on, my work here is done. :io:

:thankyou: :scott:

Good conclusion, I want anarchy.:picard:

And yeah, I have more stuff because I can afford cheap Chinese shit. Great!

http://www.optimist123.com/photos/uncategorized/2007/05/13/tma5_2.gif
SEE: Great Depression.
You gold standard fggts don’t realize that deflation is a whole lot worse than inflation. In layman’s terms,

Inflation means that lenders will be paid back in less-valuable dollars, and that fixed-income consumers will not (by definition) experience offsetting inflation in both income and outgo. Deflation means that borrowers will be forced to pay back loans using higher-value dollars, which would discourage many entrepreneurs from risking innovating; it also means that many producers will be caught in the vice between the falling prices they collect versus the sticky wages and raw material contracts they pay.

  • Inflation is a hidden tax on lenders and on fixed-income consumers.
  • Deflation which is a hidden tax on borrowers (i.e., entrepreneurs) and on producers of goods and services.

Hey Blue Eyes, guess which one would hurt you more?

:picard: ok here we go. First of all ur statement about my grandparents not having as much as me is irrelevant. Even when there was a gold standard, each generation has always afforded luxuries hat the generation before them didnt. Secondly, inflation is what causes debt or deficit spending. Massive loans made to companies and banks so that they wont fail is called socialism. Letting bankruptcy occur and letting the good assets come up is what free market is all about. I know it doesnt sound pretty but it actually helps the economy and the consumer when the sick fish go belly up. When these huge companies and banks get bailouts, the money given to them is obviously loaned out from the federal reserve to our government to give tot hese companies or banks, the interest to pay for this loaned money comes out of the taxpayers pockets. Even more infuriating to me is that the loans made out to actual countries works the same way. Why should i pay taxes to the interest on loans made to our government that they give to third world dictators? And furthermore, i have a right to know what these countries are doig witht he money, and history ahs shown that it is almost NEVER anything to help its people. I have to go to class now or i would finish the argument, i will later

holy shit there is so much wrong with what u just said, and that graph is a joke, like a fuckin 3rd grader made it in art class. Deflation almost never occurs with a gold standard, infact the gold limit is hit often, but that is not necessarily a bad thing. Once again class in 5 minutes, sure im gonna get flamed but im not done here…

ORLY? You have a finite amount of money, coupled with ever-increasing productivity and amounts of goods and services available. Unless we find more gold, we can never have more money. Please explain how this does not equal deflation.