Ann Coulter wont answer if the US should dump the Fed

Jeff & Mike ask Ann Coulter if the US should
print its own money instead of borrowing it
from the Federal Reserve, but she wont answer.

Category:

News & Politics

Tags:

• Ann
• Coulter
• Federal
• Reserve
• jeff
• mike
• show
• radio
• news
• commentary

[LordoftheKaty]

@roachmeistercom Actually, what caused the inflation crisis in the 70's was a result of keynsian economics post WWII in America. In other words, more printing money. Look at a chart of our money supply and debt and there is a direct correlation between the two.

[roachmeistercom]

@LordoftheKaty

a: Ann likes the gold standard and said so in this video.

b: The gold standard screwed us in the 70's. It's not magic. The lack of it is not the cause of the global crisis. The cause of the global crisis is the same as always -- rich people cannot be bothered to spend money unless they are going to make a profit, and when bad corrections happen it scares them out of investing.

Greed, in other words.

[LordoftheKaty]

@roachmeistercom Hahahahaha XD Works? Yea right! Its because of the Fed why we are in this economic situation. And guess who owns it? Those Wall Street giants like JP Morgan and Chase Manhattan

[LordoftheKaty]

@roachmeistercom The simple reason why the world currencies are collapsing and the global economy is imploding is simply because there ARE too many fiat currencies on the planet, which if Ann Coulter knew anything, this causes inflation, which means more money must be printed. If we had a gold standard we would have a strong currency with a strong buying power and we wouldn't have so mush valueless currency in circulation because it would limit how much can be printed.

[roachmeistercom]

If you like the gold standard, prepare for monetary freeze up as there simply is not enough gold in the world to back all the currencies on the planet.

You people do not have the slightest clue what you are talking about. Even gold's value is utterly arbitrary. People like it because it is shiny and doesn't oxidize, but ultimately it is a soft and nigh useless metal.

[roachmeistercom]

The Fed's powers are there on purpose to fulfill a Constitutionally mandated rule of the Federal Govt, to regulate the value thereof. That's what it does, and how it does it is relatively above board. You got a better method, spit it out. If not, quit lying and creating panic over something that is perfectly legal, legitimate, and works better than the gold standard (or silver standard) ever would or could.

[nprbiz]

ok .. the fed attempts to manipulate our economy by use of any of its tools ie, interest rates, printing money, or the "discount window". In the case of printing money it requests permission from the treasury. After which the fed then prints the money, not the treasury. As Ann stated the real question is should it be backed by a gold standard. And she is right. But the fed will never allow this since it is not in the 3 other central world banks interest. JFK tried and got shot so..hmm

[roachmeistercom]

Which is why she agreed there should be a gold standard, and why it is silly to accuse her of not answering the question.

We do print our own money. Your problem is not where it is printed or by whom it is printed. You dislike the Fed, and I don't blame you, but accusing someone of not answering a question that is as confused as the one she was asked is illegitimate. You are dancing around the issue. Neither I nor Ann were confused. We print our own money. Its distribution is the issue.

[dirkjently]

Who control our currency and debt. We basically pay interest on debt to a corporate bank entity that does NOT have the best interest of the United States in mind. This is why our economy is in the sorry shape it's in. If the Treasury DID print money for the US...it would SAY "TREASURY NOTE" on it. But we have allowed foreign countries to control our debt and our monetary system, hence one of the many reasons we're teetering on a depression...

[dirkjently]

Re-read your first sentence. The Treasury prints money FOR the Federal Reserve...hence it does NOT, as it SHOULD by Constitutional LAW, print money FOR the United States...HENCE, why the notes say "FEDERAL RESERVE NOTE". The Fed is a SEPARATE entity from the US Government, so with that in mind...it IS safe to say that the United States does NOT print it's own currency! It should NOT be the job of the Fed to distribute nor control our currency...they are a group of corporate banks...