View Poll Results: Should the FED be nationalized?

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  • Yes

    4 66.67%
  • No

    2 33.33%
  • I don't know

    0 0%
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Thread: Nationalize the FED?

  1. #11
    Sage
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    Re: Nationalize the FED?

    Quote Originally Posted by American View Post
    I think Obama should nationalize the world. That'll fix it.
    Working on it. One doesn't take over the world in one Iraq War.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  2. #12
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    Re: Nationalize the FED?

    Quote Originally Posted by Canell View Post
    I got into SO many fights about this before I got a smart phone.

    By my reading of the Constitution and commentary by the Founders, the Fed is specifically forbidden.

    The President chooses the head from a list provided to him, confirmed by Congress. And as far as I know, that's the extent of Congressional input into the whole operation.

    The Fed is not subject to congressional oversight.

    Just recently as a result of the housing collapse Congress finally got a limited audit of what the Fed felt like showing them.

    Allowing private banks to establish monetary policy and issue currency is THE definition of appointing the fox to guard the henhouse, IMHO. I know Jefferson was dead set against it.

    It doesn't need to be nationalized, it needs to be repatriated, by repeal of the Federal Reserve Act, IMO.
    Anyone wondering what I'm talking about start here:
    The Psychology of Persuasion

  3. #13
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    Re: Nationalize the FED?

    Quote Originally Posted by What if...? View Post
    The President chooses the head from a list provided to him, confirmed by Congress. And as far as I know, that's the extent of Congressional input into the whole operation.
    And I believe the chairman (Bernanke) is more like a speaker and administrator (like every chairman indeed) than a decision maker. So he doesn't make any difference - the private bankers decide the monetary policy.


  4. #14
    Count Smackula
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    Re: Nationalize the FED?

    The FED should be put under congressional control. The threat of being voted out of office is a better check on bad behavior than nothing at all.

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