Happy 100th birthday to the Federal Reserve!

[jw33]

[Sean88gt]

Fuck them.

[slow99]

Lol

I threw my dog a party for the occasion!

[Chas_svo]

I was hoping there was sarcasm in the title. This is the biggest scam on the planet.

[Gasser64]

I think lots more people know about it nowdays

[bird_dog0347]

I knew, but didn't fully understand. I'm still not certain I 100% understand, but it's better than it was.

My dad was a banker for 25 years (president of a few different regional banks) and has warned for years that there will be another civil war / revolution and it will start with a combination of gun rights and taxes/inflation. While I don't doubt him, part of me has always hoped he'd be wrong. Then I take a look around, when I'm in a public place, or even on YouTube and I realize we're fucked!!!

[Chas_svo]

I knew, but didn't fully understand. I'm still not certain I 100% understand, but it's better than it was.

My dad was a banker for 25 years (president of a few different regional banks) and has warned for years that there will be another civil war / revolution and it will start with a combination of gun rights and taxes/inflation. While I don't doubt him, part of me has always hoped he'd be wrong. Then I take a look around, when I'm in a public place, or even on YouTube and I realize we're fucked!!!

Read up on the Reserve. It's a fucking bunch of criminals. It will make you sick, and Woodrow Wilson knew it when he signed it. Mist are surprised that we have lasted this long after it was established.

[Chuck_Finley]

Years ago I also used to be in the crowd of "fuck the federal reserve" and also strongly leaned toward a return to the gold standard. Since then i've taken the time to really read in-depth on macroeconomic policies which did heavily involve discussions of the Fed and its core functions. Since then I'm a believer in centralized banking and the core functions necessary to maintain a strong economy.

The Federal Reserve itself is a central bank; it is a tool used on a very large scale to help control certain levels of commerce within the nation. Inherently the problem is you have inept and incompetent people who sometimes get into positions of high authority which screws stuff up. Yes, I fully realize the Fed is able to create money out of thin air; this IS one of its core functions. This money created from nothing which buys up .gov debt is used to increase the monetary supply in the nation (the M1 indicator). Doing the exact opposite will shrink the supply of money.

Again, the Bank itself is a tool...just like a gun is a tool. A gun can be useful, like killing some perp invading your home, or it can be made out to be evil incarnate like many liberals enjoy trying to do stating that it needs to be banned and no one really needs this tool.