Page 5 of 5 FirstFirst ... 345
Results 41 to 43 of 43

Thread: House committee subpoenas Federal Reserve

  1. #41
    Banned
    Join Date
    May 2009
    Last Seen
    07-27-09 @ 08:23 PM
    Gender
    Lean
    Libertarian
    Posts
    740

    Re: House committee subpoenas Federal Reserve

    Quote Originally Posted by RightinNYC View Post
    For the most part, subject to the limitations that obvious child mentioned.



    Hamiltonian principles, thank you very much.
    That's really what it boils down to. You just want a huge jack off government, why do you even advocate for the existence of the constitution? The constitution just makes it more difficult for the government to do what it wants.
    Last edited by Liz Peeps; 06-13-09 at 08:16 PM.

  2. #42
    Sage
    Join Date
    Jan 2009
    Last Seen
    08-27-09 @ 08:41 PM
    Lean
    Undisclosed
    Posts
    6,344

    Re: House committee subpoenas Federal Reserve

    Quote Originally Posted by vauge View Post
    Ever tried taking money from someone? Today Congress declares your money - worthless. Good day. You me and everyone in the globe would be a wee bit upset. Now, try to define *currency* to the common Joe. lol

    Congress won't do this until they are nailed to the wall. Until then, they literally cannot abolish it.
    You overlook that commercial banks printed their own banknotes as a de facto currency from 1863 until 1935.

    The Federal Reserve technically "buys" currency from the Bureau of Printing and Engraving.

    Nothing prevents that functionality from being transferred from the Federal Reserve to commercial banks.

    I agree it is unlikely that Congress will act to eliminate the Federal Reserve in the current political climate, but I do not believe the political shift necessary to make the Fed's elimination is as big as one might initially suppose. The actual alterations to the banking system itself are fairly superficial.

  3. #43
    Girthless
    RightinNYC's Avatar
    Join Date
    Mar 2005
    Location
    New York, NY
    Last Seen
    01-23-11 @ 11:56 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    25,894

    Re: House committee subpoenas Federal Reserve

    Quote Originally Posted by Kernel Sanders View Post
    Much of the federal reserve is privately owned. Given its sway over our national policy I would say that the federal reserve runs counter to the principles at the core of our government, even if it isn't specifically unconstitutional

    **EDIT**
    From wikipedia

    Source [Wikipedia | Federal Reserve System: Independent within government]
    Again, it's partially private, but the FOMC is majority controlled by the executive and Congress has the absolute authority to change or abolish the Fed or it's capacity at any time. I don't see that as being a problem.

    Quote Originally Posted by Liz Peeps View Post
    That's really what it boils down to. You just want a huge jack off government, why do you even advocate for the existence of the constitution? The constitution just makes it more difficult for the government to do what it wants.
    I've found that trying to summarize complex stances with one sentence soundbytes is generally a bad idea.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

Page 5 of 5 FirstFirst ... 345

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •