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Originally posted by Misoir
We should never expect the removal or destruction of the Federal Reserve banking system. What we should instead be setting our sights upon is a more realistic and just policy where the Federal Reserve is taken under strict Congressional control much like the central banks in most other countries, recreate the convertibility of the dollar to gold at a fixed rate between 60-80%, and the breaking up of all banks when they reach 2% of the national Gross Domestic Product which would be about $294.4 Billion in 2010.
This would require the United States permanently fix its horrible inflation and devaluation of the dollar, balancing the budget immediately, and a responsible plan to pay off 50% of our debt and the interest on our debt in a set period of years. This would recreate a sound and stable currency, end the monopoly of the international banking cabal, and bring back prosperity.
I think it is pretty common sense that the Federal Reserve is not going anywhere but to think just because it will not be abolished does not mean it should not be audited, have strict new rules to follow, come under almost complete Congressional control, and require major internal reforms.
Also in regards to the IMF, WB, and BIS, we need to immediately exit them as a nation and cease all funding to them. They have only created a system of perpetual debt bringing both the third world nations and the first world nations misery ever since its inception. Hopefully we can exit these dens of international banking criminals whose sole goal is the ultimate centralization of all power and wealth into their hands at the expense of every sovereign nation state. If anyone really needs a wake up call it is the nations in the Eurozone.
"A single currency means a single government, and that single government would be the government whose policies determined every aspect of economic life." - Enoch Powelledit on 3/12/2011 by Misoir because: (no reason given)
reply to post by Misoir
We should never expect the removal or destruction of the Federal Reserve banking system. What we should instead be setting our sights upon is a more realistic and just policy where the Federal Reserve is taken under strict Congression control....
"You are a den of vipers and thieves. I intend to rout you out, and by the eternal God I will rout you out." ~Andrew Jackson
Easily doable by hacking off some of the crazy tax breaks that have been put in place over the last thirty years. The biggest reason for debt is not spending, but not collecting needed funds.
Going back to gold would be a disaster. There's just not enough gold for us to base an economy off of. Even many of the world's smaller economies would have huge difficulties supporting themselves on gold.
Now we have more people and less gold (industry eats a fair bit of the stuff). Add to that the inherent instability of gold as a backer for money (It's very vulnerable to inflation) and you've got yourself a heck of a mess!
Originally posted by hawkiye
Hog wash! Prices simply adjust to the amount of gold and silver etc. in circulation. Most people who spout this non sense think for some reason we need to match the trillions of inflated worthless pieces of paper people think is money which is of course why prices also are so inflated.
Now you show you complete and utter lack of understanding of hard currency. Gold is the hedge against inflation precisely because it is not inflatable like paper, you cant print it. It has been a bullwork of stability for thousands of years because governments can't inflate it by printing it like fiat paper currency.
...there is just not enough gold to meet the demand. People are not going to accept being paid by the grain of gold dust for hours of work.
...Further, gold is itself fiat currency. It is worth X amount not because of any inherent value, but because someone says it's worth that much.
Originally posted by alyoshablue
*** Note ***
This is not the BOA news, but a direct attack on Ben Bernanke, et al. I have provided links to those posts (just in case you missed them) at the bottom.*** Note ***
According to Zero Hedge:
The goal - engage in "a relentless campaign of non-violent, peaceful, civil disobedience" until Ben Bernanke steps down and the "Primary Dealers within the Federal Reserve banking system be broken up and held accountable for rigging markets and destroying the global economy effective immediately.
I know we have a lot of people here who support the Federal Reserve, the IMF and BIS and also bank at the BOA, so for that, this may not be good news -
Seriously, this is something else. I don't think it will get MSM play, as it would draw tremendous attention to these institutions - which, I don't think they want. However, kicking the banking bee-hive is pretty risky, as we all "know" what conspiracy theories revolve around that concept. However, I am curious to how others see this move by Anonymous playing out.
For those of you not familiar with the BIS, click here is how they would fit into the conspiratorial minded:
This is also on the heels of Anonymous releasing BOA information on Monday, March 14, as reported by these fine ATS'ers:
1. www.abovetopsecret.com...
2. www.abovetopsecret.com...
3. www.abovetopsecret.com...edit on 12-3-2011 by alyoshablue because: cleaned upedit on 12-3-2011 by alyoshablue because: added BIS link
Originally posted by Misoir
We should never expect the removal or destruction of the Federal Reserve banking system. What we should instead be setting our sights upon is a more realistic and just policy where the Federal Reserve is taken under strict Congressional control much like the central banks in most other countries, recreate the convertibility of the dollar to gold at a fixed rate between 60-80%, and the breaking up of all banks when they reach 2% of the national Gross Domestic Product which would be about $294.4 Billion in 2010.
Originally posted by JR MacBeth
While I agree that gold is no magic solution, you proposed no real solution to the problem either. Is your answer seriously, "Make the Fed better!"? You are aware that the Fed is central to the problem, right?
Weren't you the one who said something about the new boss being the same as the old boss? And you're not too concerned about global government either...??
Hey, I'm not going to say everything you're saying is "hogwash", not at all, but I wonder how many might actually agree with you, that there's some merit in keeping the biggest organized crime the world has ever seen (the Fed).
Let me ask you this for starters: How would you "fix" the mafia?
JR