Originally Posted by MariconesUnited
Ok. To be honest the Fed is confusing to me. And I'm still not 100% on why people want to close it down, just that a lot of people do right now. Sooo...why?
1. they're their not transparent, and so have an agenda that is suspect,
2. they're inflating the U.S. Dollar (by printing ever more of it) to such a point where the Dollar has very little real purchasing power,
3. they're encouraging ever higher U.S. debt levels through the printing of money, and monetizing the debt, while the only ones who get wealthier are the bankers themselves,
4. they're setting up the country (and, indeed, the world) for an ultimately larger fall, when the Dollar finally collapses.
No fiat currency has ever withstood the test of time, and so Gold- and silver-based currencies remain an option. To be sure, metals backed currency (also called, 'hard money') has it's own problems, (like bank runs and depressions), which is why folks are still talked into printing fiat currencies ("it's just easier," said one banker-lawyer around here), but gold and silver have been around forever because the metals are assets in and of themselves. Printed money is not.