The Fight: Explaining the Federal Reserve to Others

It’s Friday, so it’s time for a fun post (kind of).

Here’s just a little about the Federal Reserve.  A fun time!

“The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.”

Thomas Jefferson

From the Federal Reserve’s website:

“The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.”

I wish that I knew how it plans on doing this — everything’s secret!

fed

I posted some of this information on my Facebook page.  For once, friends seemed inquisitive and were bringing up thoughts and ideas.

Here are a few:

“Worst part is, pay rates for middle-lower class people don’t go up until some time after the effect of inflation has hit the market. The first people to see the new money are already filthy rich. The onset of the inflation caused by this money happens quickly, but it takes a while for the money to trickle down the classes and pay rates to get adjusted. Leaves the average american paying inflated prices with the same salary.”

“I don’t know. The thing about the industrial revolution was that it created supply chains and other economic interactions that are so far beyond the comprehension of any single unit in the system. I can see many merits to arguments on both the laissez-faire and pro-regulation sides. However, the complexity of the system prevents any human from …  Read Morebeing fully capable of seeing how every facet of the system works and relates to all the other parts, even in an abstract or semi-generalized way.

True, there are plenty of things we can’t exchange on the market. However, when it comes to things like pharmaceuticals, there needs to be some centralized regulation, or else it’s back to the days of snake-oil salesmen. Illicit drugs and prostitution offer challenges of their own, but I tend to think legalizing them would actually reduce certain costs they currently impinge.”

Here’s a different approach: get rid of money. In the large scheme of things, these colorful little pieces of paper are only worth the hard resources they required to make. This wouldn’t mean a return to bartering; instead, a system based entirely on raw resource and energy inputs. Run by experts who are selected on a meritocratic basis. A technocracy.   Shortage and scarcity, would, by definition, be completely erased (realize that capitalism is a scarcity-based system). Ecological sustainability would also be an intrinsic part of the system.”

Having worked for a bank, I can say the system is complicated. Without some sort of rgulation, people would not be able to efficiently do business with one another. Banks need to somehow be kept on the same page with one another. Numerous laws exist to protect both the individual and and the bank already. That being said, the system is slow and needs some help. How that is approached is where we can agree to disagree.”

The facts are there.  The Federal Reserve has done nothing to help America.  You want change?  Get rid of it.  If it’s not working, it wouldn’t hurt anyone to try something new.  That’s the way I see it!

It’s all common sense!

Is this where they list all the SECRETS?

That’s all for now.  I’m sure that this blog has been blacklisted for terrorist activity now!  Have a wonderful weekend!

Advertisements

2 thoughts on “The Fight: Explaining the Federal Reserve to Others

  1. It’s OK. Your bumper sticker and libertarian paraphernalia already got you on THAT blacklist. You can say anything you want now.

  2. Seriously, though, I am glad to see that you are having some success at least interesting people in the Federal Reserve. I usually just get vacant stares with maybe a little drool running from the corner of the mouth. Keep up the good work.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s