End The Federal Reserve

ironsides

Executive Branch Member
Feb 13, 2009
8,583
60
48
United States
End The Federal Reserve, or it will surely end us. There making these comments from where todays banking system began.

JEKYLL ISLAND, Ga. – Federal Reserve Chairman Ben Bernanke defended the Fed's new $600 billion program to aid the economy on Saturday, rejecting concerns that it will spur runaway inflation.
Critics, including some Fed officials, fear that all the money being injected into the economy could ignite inflation or speculative bubbles in the prices of bonds or commodities.
Speaking to a conference on the Georgia coast, Bernanke said the new program, announced Wednesday, won't push inflation to "super ordinary" levels.

Bernanke defends new Fed plan to boost economy - Yahoo! News

To quote Chantelle: "Bernanke is the most evil man on gods earth, and the federal reserve is the way to bankrupt this country so that the new world order can take control. Why do you think they keep giving the money away, so that they can deflate the currency until we are desperate and accept the new electronic currency they have been trying to force down our throats. next will be Upcoming legislation that could include Cap and Tax, DISCLOSE, Card Check Forced Unionism, the FDA’s War on Food, Chris Dodd’s “Livable Communities Act,” Joe Lieberman’s Internet Takeover Bill, and many more. Some in Congress will be itching to repay their Big Government allies for their reelections, and many will know they no longer have to worry about answering to us for their votes."
 

Cliffy

Standing Member
Nov 19, 2008
44,850
193
63
Nakusp, BC
With the institution of fiat currency, taking it off the gold standard, money has been worthless anyway. Printing more of it will not make it more worthless just more worthless money in circulation. It is all just binary codes on computer chips - completely meaningless.
 

damngrumpy

Executive Branch Member
Mar 16, 2005
9,949
21
38
kelowna bc
The Americans are in a hopeless position, if they keep things the way they are
there is no money for anything and if they print more money the currency is in
danger of going down the pipe. This is what I spoke of earlier, the double dip is
about to demonstrate just how serious the problem is. We here in Canada will
not be smiling either. Europe is in serious trouble, I have heard that any further
erosion of the world economy will close many of the new and expanding plants
in China. That economy is based on the world consumer trend going up not
down. If the Americans go so do the Chinese, and the Europeans and we are
not far behind all of this. The Federal Reserve has decided to gamble on a hope
that things will catch fire.
 

Albertabound

Electoral Member
Sep 2, 2006
555
2
18
Inflation has already begun,corn and wheat up 29%,soybeans up 23%,sugar up 51% cotton up 51%, with the devalued dollar what we need to be on watch for is now hyperinflation. You can not continue to print money out of thin air....Germany ring a bell. America is on a fast track to becoming Germany in 1920, all the signs are there. If you look back to every recession and inflation periods, you can link it all back to a decision the Federal Reserve made......the exact reason ...they say.... why the fed was introduced in the first place. Not a very good track record.