Monetary policy/U.S. Dollar

[jw33]

In the past several years there has been much more talk in the general public about our monetary policy and the value of the US dollar. It's been good/bad and everything in-between. Some say we need to go back to a gold standard and some say we don't need to do anything at all. I'd imagine the best idea(s) may be somewhere in the middle.

I'm not in the "industry" and do not have enough information to make a solid and educated argument, however I firmly believe the Federal Reserve should reveal what exactly is going on with the money supply and where it is being sent. Thougts?

[mikec]

Going back to the gold standard is a pipe dream and simply won't work, as it will be manipulated to.

We have to get spending under control and let the ship slowly right itself.


And that will only happen with a revolution!!! Man the guns boys!!! j/k on the last...

[Denny]

Going back to the gold standard is a pipe dream and simply won't work, as it will be manipulated to.

We have to get spending under control and let the ship slowly right itself.


And that will only happen with a revolution!!! Man the guns boys!!! j/k on the last...

It can't be as manipulated as this monopoly money bullshit that we're experiencing.

[Up0n0ne]

The Fed definitely needs audited. Some are expecting for the banks to pull a bank holiday on a Fri. and when they open on the following Mon. the dollar from Fri. will be worth $0.60. So a 40% hit and then sky-high prices on goods.
If I'm not mistaken the same thing happened under FDR.

RP is the only one calling for the Fed to be audited, if we don't audit and hold some people accountable, the monetary system will collapse.
The Federal Reserve Bank works with the govt. but isn't part of the govt., needs audited.
I know atleast 7 Trillion that no one knows where it went and 90% of the US debt shouldn't be on the backs of American's, it's not our debt.

[slow99]

Man, where does this rp nuthuggers are crazy shit come from???

[Vertnut]

Man, where does this rp nuthuggers are crazy shit come from???

LOL @ Jody!

[Broncojohnny]

History books are available for anyone who likes the gold standard. Read up on it. I hate to put a spoiler in the thread without warning but it sucked even worse.

[jw33]

Man, where does this rp nuthuggers are crazy shit come from???

Now that we've got the "crazy Ron Paul" statement out of the way I would honestly like to hear your thoughts on the topic.

[Vertnut]

Now that we've got the "crazy Ron Paul" statement out of the way I would honestly like to hear your thoughts on the topic.

I think you did. Not many guys on this board have a masters in finance from a top school. He's one...

[Up0n0ne]

JW if you're interested here's the speech given by, then Gov. Ben Bernanke. My understanding is this speech put him into the chairman position of the Fed.
He said if he was ever chairman of the Fed. in a economic crisis he would do 5 things. 4 of the 5 have already been done.
It's a long speech to read through if you can understand it. I've been reading through it to decifer the 5 things listed.
From what I heard explained, these are the 5 things. The elite always tell you what's coming and hide things in plain sight, so when it does happen, they can say "I told you so". Some code of ethics of the elite.

1. Bring interests rates to 0%. 1-2% generally speaking is very close to 0.
2. Buy securities from banks. Derivatives, debt. etc.
3. Increase money supply
4. Buy our countries debt.
5. De-value the dollar. (Used FDR's example of 40% hit)

Here's the link to the speech.

http://www.federalreserve.gov/boarddocs/speeches/2002/20021121/default.htm

[Denny]

History books are available for anyone who likes the gold standard. Read up on it. I hate to put a spoiler in the thread without warning but it sucked even worse.

Because growth was so limited and with this day's population... WOW!

Seriously, though, it does make for a more honest market. Most of you would have to reprogram yourselves and many of you would have a hard time expanding your wealth.

I can hear the fear and voice cracking in some of these posts.

[Denny]

All in all, this crap really wasn't too bad until bankers got stupid with their credit default swaps. Now it's just ridiculous.

[Broncojohnny]

JW if you're interested here's the speech given by, then Gov. Ben Bernanke. My understanding is this speech put him into the chairman position of the Fed.
He said if he was ever chairman of the Fed. in a economic crisis he would do 5 things. 4 of the 5 have already been done.
It's a long speech to read through if you can understand it. I've been reading through it to decifer the 5 things listed.
From what I heard explained, these are the 5 things. The elite always tell you what's coming and hide things in plain sight, so when it does happen, they can say "I told you so". Some code of ethics of the elite.

1. Bring interests rates to 0%. 1-2% generally speaking is very close to 0.
2. Buy securities from banks. Derivatives, debt. etc.
3. Increase money supply
4. Buy our countries debt.
5. De-value the dollar. (Used FDR's example of 40% hit)

Here's the link to the speech.
http://www.federalreserve.gov/boardd...21/default.htm

You are repeating yourself with #3 and #5. To me that means you don't have any idea what you are talking about.

[Broncojohnny]

Seriously, though, it does make for a more honest market. Most of you would have to reprogram yourselves and many of you would have a hard time expanding your wealth.

Most people would have a hard time expanding wealth because it would be wiped out every decade by a banking crisis. That is in the history books too, not only for this country but for Europe as well.

[Up0n0ne]

You are repeating yourself with #3 and #5. To me that means you don't have any idea what you are talking about.

You may be reading it the same but it's not. They have yet to literally de-value the dollar as FDR did. Does printing money de-value it, yes, but #5 is talking about when you deposit your money Fri. morning and Mon. they tell you that $1000 is no longer $1000, but $600.
And it's not me talking, as I stated.