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Michael Badnarik on the Federal Reserve System

An excerpt from a 2001 U.S. Constitution lecture by the 2004 Libertarian Presidental nominee Michael Badnarik covering central banking, the Federal Reserve and money. Full lecture: http://www.arch...  
 
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mexxxking (1 day ago) Show Hide
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hes really good, we need more men like him, very sad about the heart attack out of nowhere
Trojanmagnus (3 months ago) Show Hide
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Can anyone tell me the alternative to central banking, fractional reserves and a fiat money system? I'm sold on the fact that the current system is terrible but whats the alternative and what are the pros and cons of this alternative?
wachman (3 months ago) Show Hide
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something that actually has value. precious metals like gold/silver/platinum.
those options are virtually inflation proof because they are so rare and you can never make more of them, you can only dig it up.
imbrd (3 days ago) Show Hide
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and those r soooo easily monopolized due to scarcity. a much better alternative is use money as credit. theres nothin wrong w/ using money as credit but not debt. American colonial scrips were far mor successful & efficient than any metal system employed in colonial america. it was based not on metals & such but on the credit of the union of colonies which really is all u need for monetary system.
A monopoly on precious metals guarantees domination through use of inflation&deflation
Trojanmagnus (3 months ago) Show Hide
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I'm from Canada, does anyone know how similar the central banks are in Canada? Does it operate the same way as the Fed?
girlphriend (3 months ago) Show Hide
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i'm pretty sure they are all owned by the IMF and the World Bank.
alleeenterprise (3 months ago) Show Hide
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Yeah it operates the same, however I don't know what your constitution says about how it "should" work,..
NatureLovesCourage (3 months ago) Show Hide
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Very simple. Do you pay taxes? I'm sure Canada has a Federal Reserve
santababy1952 (4 months ago) Show Hide
+1
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I plan on voting for him
hiphopsocnroc (4 months ago) Show Hide
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Yes, good, but better read is the Fed acts from 1913 till present. And going through title 26 USC and other titles of the US code. Peace

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