If the Fed is so bad, what's your idea to replace it with?

If the Fed is so bad, what's your idea to replace it with?

Central banks are necessary to maintain a national currency and not have your economy devolve into a barter system

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Money isn't a commodity. You dont need a federal reserve to be printing money. You can use gold or silver, and let the prices adjust to that.

Gold. Or the state being in direct control of money supply.

And no, there has never really been a civilization-scale barter system. Even ancient economies without banking systems worked on credit systems.

Without a federal central bank, who prints the money? Who validates it? Who maintains the silver and gold reserves? Who enforces conformity among different printing presses?

Roman, Greek, ottoman empires used a simple banking system. Brits used central banks

>If the Fed is so bad, what's your idea to replace it with?

Yes the Central Bank is needed

Anyone who says otherwise is a retard

>what's your idea to replace it with?
a crater

Private banks issuing notes backed by gold, if you issue more than you actually have in gold you will get fucked by other banks or the angry populace.

What we currently do now is called fractional reserve banking which allows banks to issue money they don't even own, our currency really has no worth.

Agree with you that our current system is stupid as fuck

>get fucked
What do you mean. Out-competed? Violently destroyed by a mob of proletarians? Prosecuted?

GET OFF MY BOARD YOU OVEN DODGING NATION WRECKER

Isn't it a private organization? Shouldn't it be in federal hands?

The fed being owned by a private entity is the problem, user.

((( you )))

At least nationalize the Fed, right now it is a private bank under the control of (((them))).

B-but isn't private enterprise good, user?

All Wars are Bankers Wars.
Watch and learn.

youtube.com/watch?v=SKnF1HEUwuo

Let central banks exist with gold standards.

Paper money should be a receipt for some amount of precious metal (probably gold, silver might be too useful for other purposes).

If people lose faith in their paper money, let them redeem the notes for coins at govt banks. If the govt steps in and delivers gold without hesitation, people will not bother to go and get it.

Not when it controls the country.

>currency

at least barter systems are actually based on value

And what exactly is wrong with a tax-free, self-regulating barter system free from (((government intervention)))?

It's blatantly being given control of the nation's economy by the government though, that's a major problem.

Does anyone have that pic with like 15 sexy asians

HAHAHAHAHA
Holy shit, there's shills for the fucking Fed, and they think they can convince us it's necessary.
Paying interest on nothing is not necessary, Juden.

You lost control of your own economy a long time ago, this threads doesn't even ponder the effect of the petro dollar.

>Use gold or silver
>On a planet with 7.5 billion people

We couldn't go back on the gold standard even the (((bankers))) wanted to, there's too many people now, kangaroo fucker.

Replace it with my dick

Decentralized banking like bitcoin or ethereum. Both sound like great choices to me.

There is always enough at the right price.

I'd rather have yellen deal with it than congress.

We could easily especially now that transactions can be done online. The use of any resource is limited by it's scarcity. But now we can divide ownership and transfer of these resources into as small units as we want.
Banks would still need stockpiles to convert the value into a physical commodity when the customer so desires.
Basically many western banks like the bank of Canada already fucked up big time.

...

Central banks suck, but the gold standard is no better. With the gold standard, the instant the economy starts to have some problems, foreign bankers take all of your gold and suddenly your country is broke with no way to recover.

never change, Sup Forums

transcendence

The Federal Reserve, the IRS, and the Anti-Defamation League were all set up in the year 1913.

1. the problem isnt the central bank, the problem is its privately held.

2. the country was doing fine prior to 1913 with the most recent central bank and also prior to the bank of the united states 1791- 1811. did fine between those years.

3. The gold backed thing is a trick, the rich already control the gold, it can still be manipulated by moving the gold to a country that will pay you 1% more for it..

Aren't they the smartest guys in the room?

Wouldn't you want the smartest people running the game?

intra-Nationalized banks backed by crypto currency "gold bars"

Also fractional reserve banking is another beast that needs to be addressed to solve our problems.

>Central banks are necessary
I'll see you in hell.

Thereby it encourages policies that support domestic, rather than foreign, investment.

Oh sweet kek please let federal reserve shills be a new thing bc that means we're really doing it boys

haha a bunch of inbred ((bankers)) smartest guys in the room. bullshit.

they've tricked us into thinking finance is so complicated the average person can't understand it. it doesnt have to be complex, they make it so.

I'm a Republican. I believe in limited government, not zero government.

The Fed should not be private. The people running the Fed should be elected officials with term limits.

>Central banks are necessary to maintain a national currency
the jews got him already.

If you're not just being a faggot, watch this whole thing: youtube.com/watch?v=UrJGlXEs8nI

Asians are weird for me. Like, they can perfect the body but they'll never be able to fix the face.

this.

gold standard is just another trick of the rich.

need a fiat system that tracks labor, population-growth, minerals, real-production and the like.

>f the Fed is so bad, what's your idea to replace it with?
A peer-to-peer electronic tally stick system with nominal transaction costs.

The state should issue their own


Its bad enough that an independent entity thats in the end controlled by private stakeholders can inflate EVERYONES money by overprinting.


Its worse still though that any money they print isnt distributed... its lent to the gov with interest... thats ultimately paid for by your taxes which is a proxy way of saying your blood and sweat.


So... they print money out of thin air and from that point on they are entitled to a percentage of your blood and sweat.

The money isnt even real. Why is there interest?! Its not like this represents an oppertunity cost.

The final nail in the coffin is the owners of the central bank "stock" are predominantly old jewish families.

>If the Fed is so bad, what's your idea to replace it with?

Literally Hitlers system with a state owned bank and money tied to production output

Don't forget the BofE

en.wikipedia.org/wiki/Sale_of_UK_gold_reserves,_1999–2002

...

The problem isn't that they're smart, it's that they're Jews. They're loyal first and foremost to Jewry, not to the nation. Read Culture of Critique.

media 8ch net/pdfs/src/1415545893830-1.pdf

It's not rocket science. Print off money upon completion of State contracts. It's how Nazi Germany became the richest nation in Europe after the Great Depression.