Peter Schiff - END THE FED!?

[wastedwasted3]

Peter Schiff is descended from one of the major founding Jewish banker families in the USA who started the FED.

Why are so many Americans hanging on his words?

[prebenso]

There is not gold enough in the world for the flow of currency needed to run the world economy. Besides gold is just a pretend value measure paper will do just as fine if it is backed by a sound policy of producing goods and not by producing destructive thing that ultimately have no value. - Free yoiurselves

[vidsofgargator]

Do we posses enough gold and silver?

[stonecast]

Anyone who asks this question clearly has no understanding of money, or how a gold reserve works. Your question is a non issue when contemplating going back to the gold standard.

[vidsofgargator]

I was just curious about deflation.  Anyway, I admit I have almost no understanding of how gold reserve works; could you explain it to me? I think it is where the government treasury stores gold and then prints out paper money that is then back up by it usually by the ounce.

[stonecast]

Ok, sorry if I came off rude, I misinterpretaded your statement. Basically when you go to a gold standard all you are doing is saying the note (dollar) is redeamable for X amount of gold. The govermnent determines what the X amount is a voila. Now, you print all the money you have based on your gold and silver reserves, and that is what the markets use. Natural course now creates more money casuing inflation. Your grandparents would tell you that early 20th century you could buy alot with a ---

[stonecast]

---> a dollar. So this would happen again. Natural course will cause things to become cheaper. We will only print more money as we purchase more gold. So you see it doesnt matter how much gold we have, our money printed is just the representation to how much real wealth we have (our gold and silver). Ofcourse it gets really complicated to making a transition and also there are theories of how to have a non fiat system using technoligies that are better than the gold standard, look into it.

[jobedied]

The federal reserve and oil companies are the two whores that have overstimulated the economy. This and government collusion to reengineer the laws to allow loansharking. Cheap fuel and money a drug dealers perfect storm. More cheap fuel and money is the way to shop our way out. Thats what they are preaching we will shop our way into wealth printing up the money on our copy machines.

[polygamous1]

fuck the FED they been milking the usa since they been voted in on deception US central bank MUST belong to the US n be under control by the ELECTED PEOPLE THE US CITIZENS VOTE FOR nothing else

[floydfn]

If one economist sees the wisdom of taking back the FED and returning to a sound money gold standard, why can't they all. Keynes really shook the stability of the whole economic world. But it benefits the bankers, so their propagandists feed us the government needs to "build enduring things in the community" deception. That is the job of the free market!

[dualisticnature]

When we talk about ending the fed, we can talk about using crap and earwax for money for all I care. As long as those crooked bastards and their puppet politicians and their fake news media get flushed the hell out, I wouldn't mind carrying an expensive turd in my wallet. It would be very well worth it.

[pirucreek]

You can allow the fed to be abolished. It would avoid the un-necessary interest payments. Thus the treasury would hold the 10 trillion not backed by gold. If anything it should be backed by industrial metals steel and aluminum.

[BABIEBABIE7]

Abolish the Federal Reserve!

[fuzzywzhe]

How quaint. They are using actual phones.

[ljrow49]

The FED has done as much or more harm to this Republic and the world as any institution in history. The Fed, AND it's parasite's must be FOREVER REMOVED from our soil.

[milliradian]

Central Bank, #5 plank of the communist manifesto...

[edAVP1138]

END THE FED!!!!!!!!!