PDA

View Full Version : Using Alternative Currencies is Better than Abolishing the Federal Reserve




mediahasyou
02-26-2009, 03:52 PM
Abolishing the Fed is a waste of time. Because then State Banks would gain all the power just like what happened after the National Bank was destroyed in the 1800s.

I wouldn't trust the policies of the Federal Reserve any more than the policies of State Banks. After the Federal Reserve was abolished, these State Banks would continue the same Keynesian policies as the Federal Reserve. People would blame the abolishment as the problem.

We would be back where we started.

State Banks would have to be abolished also in each of the 50 states plus the Federal Reserve.

That's a lot of work.


OR we could not give ourselves to the current banking system. And we could simply stop using dollars. We would exclude ourselves from the tyranny of the Fed. And we don't even have to be the majority to accomplish this. :) It's freedom in our lifetime.

Mesogen
02-26-2009, 03:55 PM
You'd still have to repeal the Legal Tender laws.

SolusSLX
02-26-2009, 05:58 PM
You'd still have to repeal the Legal Tender laws.

What about local currencies like the Ithaca Hours? http://www.youtube.com/watch?v=OtWRYXKKL0A

diggronpaul
02-26-2009, 06:39 PM
State Banks would have to be abolished also in each of the 50 states plus the Federal Reserve.

That's a lot of work.
Just dump their dollar system and let their fiat system collapse. Who give a darn about their system.


You'd still have to repeal the Legal Tender laws.
But yes, the forced tender laws would have to be revoked.

By the way, they changed the name from Forced Tender to Legal Tender after Samuel P Chase and SCOTUS approved the stupid laws. Guess they wanted more politically correct terminology ;)

torchbearer
02-26-2009, 06:40 PM
well yeah, the federal reserve doesn't exist if there are no legal tender laws.

Josh_LA
02-26-2009, 06:41 PM
setting a good example and undermining the man is better than fighting him outright or trying to take away his hands, I agree.