Bjerknes

"Top Economist"
Mar 16, 2004
116,537
But what is stopping the govt from issuing its own currency? And if they do, how do you think the Federal Reserve will try and maintain their power? Or is their power already too strong to fight against by the govt.?
I'm not sure I understand the question. The US Treasury prints the Federal Reserve Notes, so the government is issuing its own currency. It's just that the power of regulating it has been rewarded to a bunch of Ponzi finance artists.

Apart from a few "rogue" elected officials like Ron Paul, the general consensus is one of respect and admiration for this group of private bankers. So the government isn't going to combat the Fed on anything. Hell, we can't even audit the Fed. And if we do decide to throw away the central bank system, a lot of pain will be incurred immediately as the Federal Reserve Notes would be deemed worthless, literally... even though many believe they are now.
 
Mar 24, 2006
13,963
Just done my 2 job interview today , 1 was offered salaries lower than my current one :lol2:
but on the other hand , i have a good feeling i'm gonna make it through to the chemical company owns by Indian :D

btw my dog has been found this evening actually he was returned by himself to the factory , 1 still missing =X
 
Apr 15, 2006
56,640
I'm not sure I understand the question. The US Treasury prints the Federal Reserve Notes, so the government is issuing its own currency. It's just that the power of regulating it has been rewarded to a bunch of Ponzi finance artists.

Apart from a few "rogue" elected officials like Ron Paul, the general consensus is one of respect and admiration for this group of private bankers. So the government isn't going to combat the Fed on anything. Hell, we can't even audit the Fed. And if we do decide to throw away the central bank system, a lot of pain will be incurred immediately as the Federal Reserve Notes would be deemed worthless, literally... even though many believe they are now.
Aaah. Clearer now. Thanks.
 

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