What's your problem with the Fed? And what would you replace it with?

	What's your problem with the Fed? And what would you replace it with? The Fed was created as an imperfect solution to the financial crises of the early 20th century. The idea was that bankers understood the money supply and could do a better job than politicians, since politician had a long history of screwing up the money supply, and better that the creation and destruction of money should be in the hands of bankers than politicians. LOL: Y!A's suggested category for this question was "Pregnancy & Parenting > Newborn & Baby" Of course there have since been numerous attempts to interfere with the Fed, but the consensus is that it's the best solution we've got. It has been argued that the Fed could be replaced by a computer --- that the amount of money to be created or destroyed can be calculated from measures of economic activity, and there should be no human interference at all. In a modern society, the money supply must be regulated somehow. Even the gold standard is a regulation of a sort. So, what do you propose instead? Yes, I understand that you don't like the Fed. What system of monetary control do you propose instead? Asked By: cosmo - 9/27/2011

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Every American dollar in existence, whether it is physical currency or currency existing on technology, was created with debt. If the national debt was zero, there would not be a single dollar in circulation. This is because every dollar we have is printed by a private corporation (The Federal Reserve). The government subsequently borrows money from the Fed for various projects, and must pay back the money with interest (Like a personal loan). But where does the interest payments come from? It can't come from taxes, as all tax revenue was originally created from the same process. It can't come from the corporations, as every dollar they have was originally created from the same process. It must come from the very body which prints the money in the first place, the Federal Reserve. It is an endless cycle that can not be broken, the US can never have a national debt of zero. This year alone the US government will pay over 200 billion dollars alone to the Federal Reserve in interest. But who collects that money? Remember, the Federal Reserve is a private corporation. So in other words, the US government is literally GIVING billions to bankers who pocket the money. Where is the outrage? And this is only at a 0.0?o 0.25?nterest rate. If the Fed raised interest rates to 5?the deficit would instantly increase by up to 3.8 TRILLION dollars.” Answered By: Beltway 8 - 9/27/2011

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Competition. Answered By: sound_of_the_silenced3 - 9/27/2011

The Fed is run by a corrupt group of s*****s who's actually had a central bank in the US 3 times, including this one, which they conned the people to put in place their 3rd charter. The group engages in stealing from the public, and they do it in every country but 3 in the world, used to be 4 but with Obama's help they just got Libya a central bank. More info, the Rothschild Cartel owns and Runs the Fed. Soros and the Rothschild Cartels actions would take an encyclopedia to chronicle, but suffice it to say they are not good people, never have been since the Cartel's inception with bad intentions toward the people in the world. Here are the U.S Federal Reserve owners, ALL connected and deeply subservient to the real power in almost every country, and in the world, the Rothschild Cartel. Sounds crazy, but it's not, it true ... and that is crazy. It's our world and most of us have no idea. Control of media, college and show bizz is good if you're a world class villainous organization like they have. $1. Rothschild Banks of London and Berlin. $2. Lazard Brothers Banks of Paris. $3. Israel Moses Seif Banks of Italy. $4. Warburg Bank of Hamburg and Amsterdam. $5. Paris Orleans Bank Paris $6. Kuhn, Loeb Bank of NY (Now Shearson American Express). $7. Goldman, Sachs of NY. $8. National Bank of Commerce NY/Morgan Guaranty Trust (J. P. Morgan Bank - Equitable Life - Levi P. Morton are principal shareholders). $9. Hanover Trust of NY (William and David Rockefeller & Chase National Bank NY are principal shareholders). Read these links, discard the Anti Semitic crap. People misunderstand the Rothschilds because they are Jewish, but they are not religious except a self worshiping cult and they HATE Jews and they HATE Christians because the individual rights philosophy is very hard for them to deal with George Soros is the same way, and he's a Rothschild Agent, as is Maurice Strong and the Rockefellers and others. WHAT DO I PROPOSE? That's a hard long one, because of the potential for corruption it's almost impossible to find a body that can do the job without selling out to those who will use the population as farm animals. I know the current group of s***s with their history should be banned from Earth itself, let alone trusting them to run the US monetary system. They would have to be completely disallowed from having any more money that a salary paid from their Fed Job, because right now the s***s use the Central Banks to steal from the people of nearly the whole World. You think Soros is a genius as reported? Well the truth is he is in deep with the Rothschild Cartel and he gets inside information for his money manipulations by the s*****s who control the money supply in every significant nation in the world. They push the Global Warming scam, and Soros set up the Climate exchange, which Obama, who's worked for them for years funded from Soros Joyce Foundation. They pushed up fuel prices and their operatives helped set the Banking bomb, then the push on fuel by almost all the same corps involved in the Climate Exchange Scam, Rothschild Agents mostly, pushed up fuel prices and set off the banking bomb that lead to the crash of 2008 and ensured Obama's (Soros's man) election. If you know about George Soros's world activity, the man is an absolute monster ... but there isn't space for all this stuff and you can't even put up enough links to show close to a good portion of it. Source(s): Meet the Rothschild Cartel: http://www.bigeye.com/griffin.htm http://conspiracyrealitytv.com/secrets-of-american-history-timeline-of-assassinations-presidents-in-opposition-of-central-banks-and-the-rothschilds/http://www.kickthemallout.com/article.php/Story-History_of_Rothschild_1 http://newsbusters.org/blogs/dan-gainor/2011/05/13/gainor-column-over-30-major-news-organizations-linked-george-soros http://www.spingola.com/before_rockefeller.htm http://www.thebiggestsecret.org/forum-en/viewtopic.php?t=2495 http://christianvoiceuk.blogspot.com/2011/02/soros-and-his-open-society.html http://www.illuminati-news.com/kennedy-assassin.htm Answered By: evlma - 9/27/2011

If it's inevitable that FED will stay then I propose we bring back the Gold Standard to stop inflation. If we abolish it then I propose that each state develop their own currency and how they manage it is up to them. The federal government I think should have no monetary policy. Let the states figure it out and let them compete for your residence. Answered By: Zachery G - 9/27/2011

You don't see the problem with printing all the money you want out of thin air and loaning it to the Federal Government at interest? Answered By: The Mad Baron - 9/27/2011

The fed was given control in 1913, by 1933 America was bankrupt. I would replace it with the constitution and give congress control of the currency.. We borrow money from the fed instead of printing our own money and for every dollar we borrow we owe them a dollar plus interest so as long asthe fed is around we will always be in debt because we can never pay them back. Answered By: Tringle - 9/27/2011

"When our Federal Government, that has the exclusive power to create money, creates that money and then goes into the open market and borrows it and pays interest for the use of its own money, it occurs to me that that is going too far. I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money... I am saying to you in all sincerity, and with all the earnestness that I possess, it is absolutely wrong for the Government to issue interest-bearing obligations. It is not only wrong: it is extravagant. It is not only extravagant, it is wasteful. It is absolutely unnecessary.". “Now, I believe the system should be changed. The Constitution of the United States does not give the banks the power to create money. The Constitution says that Congress shall have the power to create money, but now, under our system, we will sell bonds to commercial banks and obtain credit from those banks." Wright Patman - Democratic Rep. Texas Answered By: tguk143 - 9/27/2011

It's a branch of the Rothschild's central banks . It was never meant to print money .. That was in the fine print . Replace ? The gold standard and regulations that put back capital in capitalism . Not just paper with 5 ?. If necessary then break up the banking cartels the same as we did with other monopolies . Answered By: magick - 9/27/2011

George Soros works with and for the Great and abominable Whore of the Earth if there ever was one ... the Rothschild Cartel, which owns and runs the Fed and the Central banks of almost every country in the world. They are Andrew Jackson's Den of Vipers, and they almost killed him. He said he knew it was them. They are Lincolns group identified as the most dangerous entity to the USA, even more than the Confederacy in the middle of the Civil War. They actually started the Civil War in a push to get their Central Bank Charter back. They probably backed the assassination of Lincoln who bucked them and started printing money without them, the quickest way for a world leader to get dead. and JFK? “The high office of the President has been used to foment a plot to destroy the American's freedom and before I leave office, I must inform the citizens of this plight.” JFKs speech at Columbia University on Nov. 12, 1963, ten days before his assassination! They pushed England to the point they hammered on the Colonies to pay them back, which started the Revolutionary War, and they funded both sides. Washington to pay them back taxed Whiskey heavily, which started the Whiskey Rebellion that took more troops to put down than to win the Revolutionary War. They started the war of 1812, and the Civil War. They funded and pushed the Bolshevik Revolution and killed the Revolutionaries and created the Soviet horror in Russia and other countries they took to add to it. They funded and backed Hitler, pushed down Churchill in the media and politics having him labeled a "War Mongering idiot" until Hitler p**d them off by having German money printed without them, then they brought Churchill back and got the world involved, including the US, FDR was the Cartel's puppet too like Wilson before him. You won't believe the garbage they have done. They were behind the economic crash in 2008, setting it up since the Carter administration with the Community Reinvestment act and other measures like the Federal Dept of Education to control the curriculum in schools and more. Source(s): What to replace them with. A very controlled group with little power. We don't need a lot of the Keynesian Machinations in our monetary policy, they just need to issue money reflecting the value of wealth creation to facilitate trade. They don't need to perpetrate QE when wealth hasn't grown because that dilutes the money supply. Government loves it because it's a tax they don't have to ask for, just print up money and our money is worth less, it's automatic. Those who managed the monetary system would have to be subject to strict controls, and strict penalties if they tried to screw around because there would be a huge demand by powerful s*****s world wide to do so. You're right, it wouldn't be easy, but it's an easy choice to get rid of what we have now. Answered By: tblbaby - 9/27/2011

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