Forum Post: Ending the Fed will only return us to the old "boom and panic" cycles
Posted 13 years ago on Oct. 20, 2011, 10:05 p.m. EST by greentara
(78)
This content is user submitted and not an official statement
"While it may have succeeded in controlling inflation, the gold standard was incapable of preventing the sort of financial booms and busts that were, and continue to be, such a feature of the economic landscape. These bubbles and crises seem to be deep-rooted in human nature and inherent to the capitalist system."
ShowRealHist
The big con infests America. Show it ... Stop it! Real Dow http://homepage.mac.com/ttsmyf/begun.gif Real Homes http://www.nytimes.com/imagepages/2006/08/26/weekinreview/27leon_graph2.html Both up to date http://homepage.mac.com/ttsmyf/RHandRD.html
Yes, but of course, it's all our own fault.
Go see 'The Money Masters', get educated.
http://video.google.com/videoplay?docid=-515319560256183936
Boom and bust, They are part of any system, a downturn is a cleansing mechanism, no matter how painful, for bad investment. The greedy who have borrowed too much or extended themselves too far have to pull back or go broke. Exactly what should have happened to the banks, instead they get bonuses for losing trillions of other peoples money. A fiat currency amplifies gains initially and amplifies losses. Unfortunately by the time the losses come round, it's usually the mums and dads holding the bag..... Before fiat currencies, no depressions or recession lasted longer than two years.
Yea, ending the Fed is a really ignorant belief. You need a strong central bank, but with government watching,.
Hahaha
Just need to get the money out of Washington. Once that happens everything else will fix itself. The root cause is the money and influence in Washington, everything else merely a symptom.
100% spot on. The cure is to end corruption in Washington. Without that, no fix will work for long.
Listen, we need to somehow organize. There are a lot of people who think this way, unfortunately we are being drowned out by others. We need to somehow push this as the only issue that really matters.
It's a wonderful idea and would connect us with a traditional vein of dissent but it is not realistic. Other parts of the libertarian agenda seem more palatable.
at least we wouldn't have orchestrated bubbles. Supply and demand would prevent them from becoming so large.
Who defends the Fed?
as opposed to the current "boom and panic" bubbles.
my point exactly gold standard or Fed we have booms and busts have had them since the dawn of recorded time cant legislate morality nor change human nature sadly enough
Great points. But it's different this time. Record high concentration of wealth. At the same time, greed has become a worldwide epidemic. The rich and their Wall Street corporations have virtually all of the influence on those who create the rules. It's getting worse. How on Earth are we going to change anything if we have virtually no influence on our own leaders and the masses can't agree on who or what to blame?
If wealth equals greed does poverty equal laziness?
If the rich make any attempt to sustain or increase their wealth, it's greed. If the poor make no attempt to cover their own basic needs, it's laziness.
There. Both sides of the coin. One side gold plated. The other side pot metal.
You really have a problem with wealth. Anyone who sustains or increases wealth is greedy? I really don't think you can marginalize humanity like that. From where do these feelings come? You are a bit more of a wealth bashed than most ows
Anyone who sustains or increases extreme wealth is greedy. It's a relative form of evil. Widespread but worse at the top. Much worse.
Now it's anyone who sustains or increases EXTREME wealth. Why the hating above and beyond the standard ows?
ita...the corruption is what is now clearly evident and globally the more corrupt the more backward the country becomes
We won't be ending the Fed or going back on a gold standard, Ron Paul fantasies to the contrary.
What we need to do is educate people about how the monetary system actually works.
The "government budget as household budget" analogy, which is at the heart of the widespread fear of deficit spending, is the cause of much mischief.
At the risk of becoming one of those Johnny-One-Note, same-link-posting people, here once again is "Understanding the Modern Monetary System"
http://pragcap.com/resources/understanding-modern-monetary-system
This. When you've only got enough knowledge to be panicked, you should probably learn more to be sure.
I don't think you will have the decision either to be honest, I think change, like most significant change, will be forced upon us........
[Needs citation]
End the FED !! Stop fractional reserve banking !
utter crap !! Are ylou related to Ben Shalom Bernanke ?