crabfan wrote:I like how you take the one line out of context of the rest of my post. That's awesome. My point on them doing "what they want with it" is that we no longer would have a say at all.
The rest of your post had nothing to do with my question. I asked what they would do when they come into power and you said you had no idea. You then went on a rant about people giving up their freedoms and that the internet would be next. Go back and take a look for yourself.
You ignored my next question about the difference between money and currency and obviously didn't see the importance of it because you went ahead and wrote this bit of paranoia:
The Fed controls/manipulates what our society calls money and the value thereof. When they print money out of thin air, they're manipulating it's perceived value. That's one reason why we're seeing inflation rear it's head and also why gold and silver are going sky high.
Holy. Fucking. Shit.
That is what they are
supposed to do. If you had any idea about Keynesian economics (the kind taught in 99% of universities. Ron Paul follows the Austrian school as does Peter Schiff), you would know this. The fact that you think ANY of what you wrote up their isn't universally well known, well documented, and well studied, is absolutely hysterical. Money consists of things that have value, for us it's all the goods and services in our economy. Currency is an accepted means of exchange that represents the aforementioned goods and services. We use currency because bartering is a pain in the ass. Currency can be: dollars (backed by debt or something else), gold/precious metals as we did in the past, or even sea shells (some primitive societies used seashells with the bigger ones being worth more because they were rare), etc.
...apparently this country has even participated in monetary transactions using blue beads.
If all the goods and services in our country add up to a hundred dollars, and the Fed dumps in (out of thin air!) another hundred dollars (now 200 total) are we a hundred dollars richer? No. The real wealth (our goods and services) remains exactly same, it's just that it now takes two dollars to buy what was formerly one dollar worth of goods. I won't extrapolate on what this means to the economy, suffice to say it depends on the individual involved and when regarding the aggregate, which economist you ask. Furthermore, they can do this because the results aren't immediate, inflation pops up in random places, oil usually being one of the first. Relax, I'm sure your infomercial exercise program will remain three easy payments of $29.99 (or you can just look up the whole program on the internet for free, but I digress).
What's your take on the Fed, the current rise in food and fuel costs, bailing out the banks and the rise in gold and silver?
Here is the reason I think you, and people like you, are cunts:
I am against having a Federal Reserve Bank for numerous reasons. They all involve either logic, reason, and my own principles. I do not know the finer points on the economics of central banking but there are good and bad things about having a central bank. Everybody knows this, but I would like to see these ideas vigorously debated. Unfortunately there has not been quality dialog and debate between Austrian and Keynesian/Chicago economists regarding this matter because most anti-Fed sentiment comes from a bunch of conspiracy theorist retards who know nothing about economics (nor do they want to), are traditionally complete anti-semites, and rant and rave like tin-foil lunatics across the entire interwebs for all to see whether those on the sidelines give a shit about central banks or not.
Today the average person, if they even have an opinion, thinks anyone who questions the validity of having a central bank is a fucking lunatic because stupid fucking cunts like you spout off completely illogical bullshit.
I'll give you an example of idiocy.
50,000 engineers agree that planes full of jet fuel took down the world trade center buildings. 1000 engineers think it was a hoax and couldn't of happened. So 2% of engineers say it couldn't have happened and 98% of engineers think it did. You go, "Look at this 2 percent, I don't know anything about engineering or the physics and chemistry involved in planes crashing into buildings but I think they are right." This is even dumber than when people say "smoking will kill you" and then you find four people in their 90's who are still smoking and go, "See? They smoke and they are ninety years old, therefore smoking doesn't kill you. You are all blind sheep. I am going to buy a kilo of copper and some camping gear. You are stupid."
That is why you conspiracy theorists piss me off. Other than that I actually feel embarrassed for you. A perfectly legitimate and important question about the validity of central banks is discarded because stupid mouth breathers refuse to look up facts in conspiracy theory movies, use logic, or read a god damn book. The fact that you think nobody (including people with phd's in religion, engineering, and economics) has ever heard the bullshit you spout is absolutely hysterical.
Start here, it was the first one that came up when I googled "Zeitgeist debunked":
http://conspiracies.skepticproject.com/ ... zeitgeist/
If you want to hear arguments about why the Fed sucks (based on logic and facts) go here:
http://mises.org/ (Curently your beloved Ron Paul's book is being reviewed on the front page.)
Fucking retard.
P.S. I think government has no right to bail out banks or businesses, if they want to donate
their paychecks to them, that's fine. Food and energy costs are going up because of inflation (Fed) and China, India, and other countries raising demand for resources faster than economies can produce them. Gold and silver will probably continue to rise.
BTW did you happen to see the quote I posted from President Wilson lamenting over him ruining the country by getting the Fed involved? I agree with your point that the Fed is supposed to manipulate the value currency...that's the inherent problem of the Fed and one reason why it should be done away with, imo. Way too much power for a private business (that's never been audited) and at the very least the potential for some serious corruption and at worst the creation of modern day serfdom. IMO, the way our current "government" is set up is the biggest Ponzi Scheme in history. Anyhow, just making conversation. 
