Originally Posted by Beingist
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.
1. That's a problem with the entirety of government.
2. How do we know the dollar wouldn't get printed so quickly without the Fed?
3. Why would things be different without the Fed? Won't someone else step in and fulfill the Fed's role instead? Wouldn't it be a better idea to change how the Fed operates instead?
And no matter how many times you repeat that no fiat money has ever withstood the test of time, all the fiat currencies that are being used around the world tell me otherwise. Some have withstood the test of hundreds of years. That says more to me.