You know it's bad when Bernanke speaks about the dangers of inflation.

[Vessol]

http://theeconomiccollapseblog.com/archives/federal-reserve-chairman-ben-bernanke-warns-congress-that-the-federal-reserve-will-not-print-money-to-pay-for-the-exploding-u-s-national-debt

:eek:

[ctiger2]

Say's the guy who's buying treasuries.

[amy31416]

You see, the Federal Reserve is a parasite. They make money for their owners by sucking money out of the U.S. government and out of U.S. taxpayers. So, just like any parasite, they must strike a delicate balance. They have to keep feeding off the host without killing off the host completely. If the host dies it could end up killing the parasite. So the Federal Reserve actually needs to try to keep the U.S. economy alive so that it can slowly keep draining it.

That sums it up pretty well.

[michaelwise]

The Federal Reserve is to Blame for the Worst Economic Collapse of All Time
YouTube - The Federal Reserve is to Blame for the Worst Economic Collapse of All Time (http://www.youtube.com/watch?v=6butfe1f9Hg)

Greek Protests 2010 (NWO SOCIETY SERIES/ Financial Crisis, Debt, Civil Unrest & Poverty)
YouTube - Greek Protests 2010 (NWO SOCIETY SERIES/ Financial Crisis, Debt, Civil Unrest & Poverty) (http://www.youtube.com/watch?v=iXr0A9MB83w)

Revolution day 2 in Iceland
YouTube - Revolution day 2 in Iceland (http://www.youtube.com/watch?v=GlQg9qf3VVw)

[TheEvilDetector]

Fed is a cancer. Here are the things I'd like to see:

1) Full Audit of the Federal Reserve
2) Repeal Federal Reserve Act and Amend the Coinage Act to take Reserve Notes out of legal tender.
3) Given that the Federal Reserve can no longer command a monetary monopoly under duress (ie. backing of FedGov guns and manpower), market forces will ensure that it is greatly reduced in scope or quite possibly simply shut down.

1,2,3 = solution

Then the following can be expected to occur:

1) Existing and Startup Banks offering 100% PM (and other real assets in demand) reserve backed services competing on interest rates nationally
2) Citizens having more choice as to the tender to use in commercial transactions. (Would need to adjust Legal Tender Definition in the law to allow alternatives to be used to settle debt and taxes though)
3) Market forces (demand/supply/reputation/bankrupties/new entrants) keeping Banks in line and competitive

Monetary freedom is one of the most important freedoms.

Note: By the way, I think it's good to STRONGLY resist any ideas that claim that the system will be better with a regional or global currency, ie. with a bureaucracy even further removed from citizen's reach than the federal reserve.

There is a real possibility that a strong effort will be made to steer the disapproval of the current system to regional or global currency solutions.

This would represent a step backwards imo.