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Customer Discussions > End the Fed forum

The most basic Fed question


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Initial post: Jan 11, 2011 11:37:00 AM PST
Davepl says:
This book, like most others that argue against the Fed, insist on a return to the Gold Standard. But what I don't understand is why none seem to address that before the creation of the Fed, we were in a condition of having no Fed and being on the Gold standard. Yet there were still panics, runs, and deep business cycles a-plenty.
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Thus, whether the current state of affairs is worse, we've already experienced the end goal (no fed, gold standard) and it was no panacea. So what am I missing?

Posted on May 9, 2011 12:04:23 PM PDT
M. A. Plus says:
Ron Paul and his fans assume that we can just switch over to the gold standard without affecting current living standards. What if the goals conflict? What if we have to destroy several decades' worth of economic growth to get to Paul's goal of "sound money" and stable prices?

Posted on Jun 22, 2011 9:09:42 AM PDT
Last edited by the author on Jun 22, 2011 9:13:20 AM PDT
I don't like the idea of the gold standard. I think that it can be manipulated for boom and bust just as well.

But to control the Fed means to do things like returning to Glass-Steagall, stopping the ponzi predatory lending, etc. I published this comment on Business Insider today: The NWO of derivatives is always the excuse used for why a little country like Greece cannot default. Anyone still believes there is no new financial order? Turns out though it is the same old financial order as in the Great Depression but with the new weapons, derivatives insurance that no one can really pay on. What kind of risk management is that?

That was in response to the article: 5 Reasons Greece Deserves to Default

Truth is, we have a giant casino that threatens the demise of the financial system if even a little country defaults. That is just madness.

Gary Anderson author
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Discussion in:  End the Fed forum
Participants:  3
Total posts:  3
Initial post:  Jan 11, 2011
Latest post:  Jun 22, 2011

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End The Fed
End The Fed by Ron Paul (Paperback - September 29, 2010)
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