Ending the Federal Reserve

[Burroughs]

Seems to be getting some public traction.

http://finance.yahoo.com/news/happens-end-fed-185459981.html

 

[Julius_Seizeher]

I don't take most of the "End the Fed" movement seriously, yet, because while they see the problems of central banking (and thus central planning and socialism), they are not yet calling en masse for the only alternative to central banking/fiat money: a gold standard.

They do not draw the correlation. In the absence of a central bank, the dollar must be based on gold and silver. But generations of college professors and media shysters like Paul Krugman have told us that reality isn't real and thus gold isn't real (but their counterfeit paper is).

Are you beginning to see the correlation? The statists had to smear and destroy the concept of the gold standard in order to smuggle this country into an ineffective, stagnant, burdensome bureaucratic socialism state where central banks and fiat money serve their deficit spending and welfare statism goals. And look at what it has achieved, all that prattling about "the common good" and "evolved sensibilities".

It is only in reality, and in freedom, that man can exist and achieve a life worth living. The more we try to cheat reality in the name of "the common good", the common destruction is all we will achieve.

It is also to the benefit of the anti-Fed movement that the socialist welfare states of Europe are crumbling before our very eyes. You see, there is no dichotomy between the moral and the practical; the moral is the practical. It is moral for man to live in freedom, and practical for each man to bear the responsibilities that freedom entails.

We have always been told that this country escaped a century of barbarism when we came off the gold standard; we are now seeing that the statists (beginning with FDR) have used the wrong tense.

 

[Falcon]

I don't take most of the "End the Fed" movement seriously, yet, because while they see the problems of central banking (and thus central planning and socialism), they are not yet calling en masse for the only alternative to central banking/fiat money: a gold standard.

They do not draw the correlation. In the absence of a central bank, the dollar must be based on gold and silver. But generations of college professors and media shysters like Paul Krugman have told us that reality isn't real and thus gold isn't real (but their counterfeit paper is).

Are you beginning to see the correlation? The statists had to smear and destroy the concept of the gold standard in order to smuggle this country into an ineffective, stagnant, burdensome bureaucratic socialism state where central banks and fiat money serve their deficit spending and welfare statism goals. And look at what it has achieved, all that prattling about "the common good" and "evolved sensibilities".

It is only in reality, and in freedom, that man can exist and achieve a life worth living. The more we try to cheat reality in the name of "the common good", the common destruction is all we will achieve.

It is also to the benefit of the anti-Fed movement that the socialist welfare states of Europe are crumbling before our very eyes. You see, there is no dichotomy between the moral and the practical; the moral is the practical. It is moral for man to live in freedom, and practical for each man to bear the responsibilities that freedom entails.

We have always been told that this country escaped a century of barbarism when we came off the gold standard; we are now seeing that the statists (beginning with FDR) have used the wrong tense.

Well, Ron Paul was the one who basically started the whole "End the Fed" thing. He talks a lot about the role of gold when it comes to monetary policy. I wouldn't be surprised if more and more people start talking about it if the movement gets serious. But honestly, if you told me more people would soon be discussing this stuff soon back in 2007, I wouldn't have believed it at all. I'm glad there is at least some progress, even if it's a little...

 

[Burroughs]

, if you told me more people would soon be discussing this stuff soon back in 2007, I wouldn't have believed it at all. I'm glad there is at least some progress, even if it's a little...

I feel the same way...that's why I posted it.

I would never have believed a year ago that ending the FED would become a semi mainstream topic to the point where CNN And yahoo cover it openly.

Of course we have a long road ahead.

 

[Warrior74]

I seriously doubt we'll go back to a gold standard. The fed will just get nationalized. Which will be even worse.

 

[Burroughs]

Both of which are empty gains when you really think about it.

Yes we definitely need to move beyond the current rhetoric...but I would say the current media interest in the FED provides a 'teaching moment' for those of us in the know.