List of priorities USA needs to follow before it is too late

[Baalzamon]

ssj12 said:

ManusJustus said:

ssj12 said:

ManusJustus said:

sethnintendo said:

Abolish the Fed

There use to not be a Fed, but after the economy kept periodically collapsing everyone decided that it would be better to have suistanable growth so masses of people wouldn't have to live in squalor every 10 or 20 years.

America's economy has become much stronger after the creation of the Fed in the early 20th century.  Read up on what the Fed does before you choose to disagree with them out of principle and pride rather than purpose.

http://en.wikipedia.org/wiki/Federal_Reserve_System#Purpose

The fed of the 20th century wasn't the worst, still garbage, but the fed of the 21st century is corrupt beyond belief and run by complete idiots like ben bernanke. There is reason why china laughs at all our experts.

So you'd prefer China's economic experts?  They are Communists you know, it would essentially be like giving the Fed unlimited economic power.

It does have unlimited economic power now... hence why our economy is currently acting like the Titanic did ie sinking to a not so graceful death.

Maybe you have no idea about this, but in China businesses have more freedoms than US companies. And China has tighter controls over their currency and their economy. While they need to let the value of the yen rise some, generally speaking their economy has zero chance of tanking and will surpass ours by 2016.

Also, while the Fed pumped another 600 billion in liquidity into our country, which devalues the dollar, China has come forth and stated that the quantitative easing we have been doing is destroying our country's value to the world's economy. That's also why China has been selling off their dollar reserves and going to gold, and silver. If China and the rest of the world realized this, maybe we should take heed and understand that just adding more money out of thin air is a bad thing. If Bernanke doesn't realize he is killing the dollar things will end up like Britain and their Sterling.

What do you mean by surpass ours?  Overall GDP?  I personally don't take a lot of heed to that.  GDP per capita is better in my opinion, and last I looked, China still has ~$7,000 GDP per capita, and the US has ~$45,000.