Happy 100th birthday Federal Reserve

[hysterianut]

Kasz216 said:

People don't like the fed. I get that...

I don't see a better option however.

an asset based currency like the gold standard seems impossible in the modern world... and countries without central banks or that have had direct government control of them have been unmitigated disasters who end up selling out a countries long term future almost immediatly to get out of short term debt/be able to short term spend.

The Fed is really just like the Supreme court, and is independent for the same reasons. (Those who think it's not a government organization and is privately owned generally don't know what they're talking about... )

what do you mean by modern world?

technology changes but the fundementals remain the same

the central bank can be there but it should be under the tresury not above it controlled by international bankers.

and gold standard can easily function,it limits money printing.

 

all empires in history have had gold standard and still been empires and able to expand.

 

all FED and all the world organistions do is allow government spending on welfare state and they are taking the entire world into world communism,nothing else.

the entire economy today is rigged,not jst US economy but the entire world's economy.it is one big ponzi scheme