Quote:
Originally Posted by finbar
America is doomed if he does get elected.
He states his desire to abolish the Federal Reserve. This will put monetary policy in the hands of congress. That will be game over.
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The Federal Reserve is as Federal as Federal Express.
The Fed is an establishment by private institutions and not the government. Abolishing the Fed translates to real transparency on how the American money is printed and how it distributes that money. Any wrong doing and it can be easily recognized. As of now, the US government cannot know how the Fed itself works (made possible by government cronies at Jekyll Island).
When you eradicate the Fed, you eradicate these problems. What happens next ? You establish a real institution that is not outside the law and works for the people.