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A Simple Way to Kill the Fed

Would you?

  • Yes, we should tie treasury yields to the deficit as a % of GDP.

    Votes: 0 0.0%

  • Yes, we should tie treasury yields to the deficit as a % of gov't spending.

    Votes: 1 12.5%

  • No, we should let bankers keep running the Federal Reserve.

    Votes: 7 87.5%
  • Total voters
    8
iliveonramen said:
Actually the Fed was created after a banking crises in 1917 (I believe) and was created to be the lender of last resort. The previous banking crises depended on JP Morgan (the guy) and other investors to bail out a failed NY bank to stave off a bank run.
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Yes I'm sure that is how it was sold, but it deals with the problems paper money creates even if it's private paper money.

But after Executive Order 6102 and France demanding gold in exchange for American notes during a trade deficit, there is no going back.

It's always France isn't it, they're always involved in something.
 
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samsmart said:
We don't have a budget deficit because of the Federal Reserve, though.

We have a budget deficit because we can't get tax reform passed.

And the reason why we can't get tax reform passed is because the corporate lobbyists who pay campaign contributions to our Representatives and our Senators won't let them.

So I don't see why we should blame the Fed for what's Congress' fault.
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We have a federal budget deficit because of free trade and rich-worship. Destroying 50 million high paying jobs, and refusing to raise taxes when there's a deficit, has a negative effect on tax revenues.

And refusing to raise taxes when there's a deficit has a psychological effect on voters: "Whatevah, I'll do what I want." It's sort of the opposite effect the "Starve the Beast" theory predicted.
 
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iliveonramen said:
Actually the Fed was created after a banking crises in 1917 (I believe) and was created to be the lender of last resort. The previous banking crises depended on JP Morgan (the guy) and other investors to bail out a failed NY bank to stave off a bank run.
Click to expand...


The FED was created in a deal on Jekyll (sp) Island to get Woodrow Wilson elected President. The bankers financed Wilson and were paid back with a Central Bank that is the FED. That was around 1914-17 and the FED quickly created the Great Depression. They seem to be real good at that. The FED is a private Corporate entity, not part of the USGovernment and does not allow its' books to be audited, nor will it allow its' list of stockholders to be revealed. You can be sure those stockholders names are the Big Money of the second decade of the 20th century and some big banks, including the Bank of England, the Rothschilds, Rockefellers, JP Morgan, etc.
 
Daktoria said:
Would you support tying treasuries to the budget deficit as a percent of government spending or GDP?

For example, this year, the budget deficit is 8.51% of GDP. Therefore, treasury par value would sell at 8.51%

Find out more here:

Government Spending Details: Federal State Local for 2012 - Charts
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I think our bigger issues come from Congress action (or lack of) and their inability - or refusal - to exercise more discretionary spending, etc. The Treasury only does what it's given permission to do.

I'm not saying there aren't many issues - but I'd like to start the 'fixing' in the engine, first.
 
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