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2019-10-06 Home Front: Politix

So you think Trump wants to get rid of the Fed?

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Posted by Besoeker 2019-10-06 04:52|| || Front Page|| [11 views ] Top

#1 Good. About fuckin' time, actually.

Posted by Raj 2019-10-06 06:15|| 2019-10-06 06:15|| Front Page Top

#2 The Fed was intended to end the cycle of 19th Century crashes. Instead its presided over 2 depressions (covering the last one with fancy accounting and reporting tricks). A good portion of that collapse was due to the government not enforcing the rules and regulations already on the books. It was further exasperated by government interference into the housing market by making banks and lending institutions put out bad mortgage paper to unqualified individuals, all in the name of 'social justice' not hard (30s learned) financial standards.

Now Alexander Hamilton was around long before Karl Marx. In the last collapse, we should have rechartered his Bank of the United States and absorbed all the failed banks and institutions instead of having a fire sale of their assets and have the taxpayers taking on their debts.

Posted by Procopius2k 2019-10-06 07:19|| 2019-10-06 07:19|| Front Page Top

#3 You can pay your taxes in Dollars. That is a form of base.

The problem is that the taxes are based on earnings not on the government products we call Title (copyright, patent and Land etc).

Posted by Bright Pebbles 2019-10-06 07:23|| 2019-10-06 07:23|| Front Page Top

#4 ...you also pay your taxes in Fed induced inflation*. Both direct and indirect taxing reduces the value of what the worker takes home in pay.

*Printing money or putting base metal into coin, the old term is debasing the currency.

Posted by Procopius2k 2019-10-06 11:31|| 2019-10-06 11:31|| Front Page Top

#5 If the government only did what it's Constituted to do taxes would be a pittance and could be extracted equally from all (flat tax). An excellent side effect of that is it would attract a better, more honest type to public service.

Posted by M. Murcek 2019-10-06 13:15|| 2019-10-06 13:15|| Front Page Top

#6 Kennedy tried bypassing the Fed. He authorized the printing of United States Notes instead of Federal Reserve Notes. You can find them at bill collectors. He was assassinated shortly thereafter.

Posted by Herb McCoy 2019-10-06 15:11|| 2019-10-06 15:11|| Front Page Top

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