abolish the FED

[SoldierMan]

You should shout a little louder and wave the sign a bit more frantically, that should do the trick. Grow a beard too and just keep it wild, it enhances the overall effect.

Like I said, you won't see it coming (like you didn't in 2007, right ), will hit you like a bus, and you'll wonder how you missed it while crying at all the money you lost.

 

[Speedster]

They need to start afresh. Transparency being a key part of what they establish.

I thought you were advocating for the "transparency" act. The thread is advocating for "cease to exist". Now you are advocating "to start afresh". Which one is it?

 

[Bewlen]

Yeah like those crazies in 2007 that were saying "The housing market is about to crash!". Guess what those crazies are saying now. But people like you will always be on the losing end of a crash because you just go with the MSM flow and don't think for yourself, and when it all comes crumbling down you will no doubt say "I just didn't see it coming!" LOL

You should shout a little louder and wave the sign a bit more frantically, that should do the trick. Grow a beard too and just keep it wild, it enhances the overall effect.

 

[saturnz]

The SARB has an number of functions in addition to its constitutional mandate

Given that it has failed in fulfilling its constitutional mandate I can't really care about its other functions.

 

[SoldierMan]

I thought you were advocating for the "transparency" act. The thread is advocating for "cease to exist". Now you are advocating "to start afresh". Which one is it?

It's too complicated to tell what to do off the cuff. There needs to be much discussion about what action to take, but ending the Feds absolute power run by a private corporation is a must.

 

[SoldierMan]

You should shout a little louder and wave the sign a bit more frantically, that should do the trick. Grow a beard too and just keep it wild, it enhances the overall effect.

Here try this (there are more guys):

They even laughed at him, literally, who's laughing now... And guess what he's predicting is on the horizon now (only fools don't take people like him seriously, that would be Bewlen I guess). And yes he has grown a beard since (granted it's only a short one). I think it suits him.

 

[Speedster]

It's too complicated to tell what to do off the cuff. There needs to be much discussion about what action to take, but ending the Feds absolute power run by a private corporation is a must.

Should it be operationally independent from congress?

 

[SoldierMan]

Should it be operationally independent from congress?

Like I said all would need to be debated, but the Fed shouldn't have the rights to the printing press for starters.

 

[Speedster]

Like I said all would need to be debated, but the Fed shouldn't have the rights to the printing press for starters.

That's a long way away from "abolish the fed". Any system can, and should, be improved but simply calling to yank something down without a viable solution / replacement is pretty foolish.

 

[saturnz]

That's a long way away from "abolish the fed". Any system can, and should, be improved but simply calling to yank something down without a viable solution / replacement is pretty foolish.

So Milton Friedman in your mind is foolish?

 

[Speedster]

So Milton Friedman in your mind is foolish?

Posting a 30 sec clip of a very complex matter is foolish. I'm pretty sure if you asked Mr Friedman he'd have a pretty good idea of what he thinks it's a better solution.

 

[saturnz]

Posting a 30 sec clip of a very complex matter is foolish. I'm pretty sure if you asked Mr Friedman he'd have a pretty good idea of what he thinks it's a better solution.

So yes or no? You seem to be moving goal posts.

 

[Speedster]

So yes or no? You seem to be moving goal posts.

No. I disagree with him on many points, but that doesn't make him foolish.

 

[saturnz]

...

 

[saturnz]

Posting a 30 sec clip of a very complex matter is foolish. I'm pretty sure if you asked Mr Friedman he'd have a pretty good idea of what he thinks it's a better solution.

the matter is not complex, in whose view is the matter complex? yours? Friedman believed that markets allocate resources efficiently (or at the very least more efficiently than any other mechanism), so the implication is to simply allow markets to function without the central banks intervening at every stage

seems pretty simple to me

 

[SoldierMan]

the matter is not complex, in whose view is the matter complex? yours? Friedman believed that markets allocate resources efficiently (or at the very least more efficiently than any other mechanism), so the implication is to simply allow markets to function without the central banks intervening at every stage

seems pretty simple to me

Oh it's gone waaaaaay beyond that. The Fed IS the market right now. Without it's regular (druggie) "fix" things would more than likely collapse, it's promise of pulling back after QE1 was a lie and if anything have doubled, tripled and quadrupled down. It's QE to infinity right now.

 

[Bewlen]

So yes or no? You seem to be moving goal posts.

Speaking about goal posts and the 2007 prediction, when are you predicting this all to some crashing down? 3 years? 5 years? 22? Just trying to mentally prepare myself for crying about all my "money lost" as you stated.

 

[saturnz]

Speaking about goal posts and the 2007 prediction, when are you predicting this all to some crashing down? 3 years? 5 years? 22? Just trying to mentally prepare myself for crying about all my "money lost" as you stated.

where did I say anything about money being lost?

please quote the direct post by me

 

[longboy]

Yeah, lets all of us start trading and batering with camels, donkeys and goats like Saturnz wants.

 

[SoldierMan]

Speaking about goal posts and the 2007 prediction, when are you predicting this all to some crashing down? 3 years? 5 years? 22? Just trying to mentally prepare myself for crying about all my "money lost" as you stated.

LOL You obviously completely missed the 2008 housing market crash What were you like 10 years old or something? That would explain a lot.