I was thinking some more on the hearings today.
The question of, "Would doing away with the central bank make us weaker as a nation and unable to respond?"
That has troubled me some but it is really uncalled for.
Think about it this way. It doesn't make us weaker it just restores the power to where it should be; with the people. People would still be able to borrow against their assets if we got in trouble.
Allowing those outside of our government to borrow against everyone's assets through trickery has sapped us so dry we can't even carry out normal activities required to fuel the economy.
Once again the government would need to come to us for OUR money. That's the way it used to be. That is the way it should be.
As for firing up the fake money presses in time of need, we didn't need a central bank for that in earlier times of war. See the little bumps in this chart? That is times we introduced currency like the Continental. It was later worked out of the system and the purchasing power of the dollar was restored.
'It's Not Worth a Continental"
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