So, questions for you:
How would the system operate under your scenario? How would money be created and destroyed? Where would our mortgage loans come from?
Who, exactly, is getting rich because of the Fed? Would they not be rich without the Fed?
Where, exactly, is the cost in real resources?
What would change with the Fed gone?
The cost is continuous long term debt under a credit monopoly that profits from these real resources, under debt where they reap double plus a percentage, and the American tax payer pays for this interest-bearing (debt) that, gets slapped on to them for no reason at all, but only so a few rich men can keep their wealth. Remember the quote Benjamin Franklin said in my first post. Imagine a currency that cycles correctly through the treasury and back at the American taxpayer like the colonial script and greenbacks, and not to a private credit monopoly that, most likely, is owned by shareholders and capitalist. I'm going to reference what the international bankers have done, if I can call them that now, as that's what Benjamin Franklin also referred them to.
"The inability of the colonist to get to issue their own money permanently out of the hand of George III and the international bankers was the prime reason for the Revolutionary War." - Benjamin Franklin
Central Bank = Privately owned corporation of shareholders and capitalist that have a monopoly the money supply and international credit, charged at interest.
The thing is, the Federal Reserve has ownership on everything we have here in the United States since the bank paper money printed has interest on all things from nothing, even real resources, so taking that away from the Bankers would ultimately take away what we have here since it's really theirs.
The credit system and our government right now is so heavy and tightly surveillance, there's nothing that could be really done unless there was some sort of revolution.
Our debt correlates 100% with what the Federal Reserve does, and this bank has done nothing but impoverish the United States working class into a system which they cannot get out off, and history shows this same reflection, and those who have fought or resisted this is ultimately killed or their name is discredited.
I don't get what you mean by remitting profits anymore, because this still isn't paying off the American taxpayer debt, and you say they remit more profits, what back to themselves? How much more before the debt becomes paid off and American's can reap what they work hard for? This is a debt that the American worker has to deal with, this is our debt we're slapped with for our future generation. It's still circulating money to the bank again, and we're talking a struggle all the way back in the colonial stages of history.
The United States is being slowly plundered, squeezed dry by a corrupt banking monopoly who has gripped key positions of our government. I do not agree with the notion of debt = money. Debt causes poverty, and poverty is a tool for those with power in what I like to call a "moneyed aristocratic monarchy".
Debt free, interest free currency inflated through hard work (labor) and taxation would make any nation prosper and the central bankers know that. It really works. Getting it to operate wouldn't be easy, absolutely not. Fighting the banks has been a historical struggle.
