Told my dad that the Fed is bullshit and we could simply issue our own currency at a smart pace, just like the Fed does...

They legally cant arrest you if you are declared a free citizen of the world

Attached: 1543530103688.jpg (184x184, 11K)

I know you're making fun of me and that's fine, can you please just tell me, specifically, why I'm retarded?

You have a right to have that question answered by your dad and by user.
As a world citizen you do fren.
Fight the power

Attached: 1541606135399.jpg (1200x1090, 84K)

Well you can make you own money as long as you don't try to tell people they're dollars. How do you convince anyone to accept that instead of dollars is another matter.

So you're saying you have no actual critique of the points made in Bill Still's "Money Masters" ?

We, as a nation, could simply appropriate the Fed's dollars already in circulation but in the future, mint new money ourselves instead of burrowing it at intrest from international banking cartels like we do presently.

According to wikipedia.
>The dividends paid by the Federal Reserve Banks to member banks are considered partial compensation for the lack of interest paid on the required reserves. All profit after expenses is returned to the U.S. Treasury or contributed to the surplus capital of the Federal Reserve Banks. Since shares in ownership of the Federal Reserve Banks are redeemable only at par, the nominal "owners" do not benefit from this surplus capital. In 2010, the Federal Reserve System contributed $79 billion to the U.S. Treasury.
You can distribute banking to private companies by giving them a small dividend or centralize it under government control. The added efficiency pays for itself in real economic growth.

That was already done in XIX century and proved a bad idea.

Money Masters is full of made up quotes and overall bullshit, just take 5 minutes to double check them and you will see I'm right.
Just read End the Fed from Ron Paul, it's actually factual.

I realize that Fed banks aren't really allowed to be "for profit" but, still, when the money is all fiat anyway, why burrow if from a foreign entity whose repatriation won't benefit my nation?

Will do.

The government knows what's best for you, do not question it.

"If that was really a hundred dollar bill on the floor then somebody would have picked it up by now. Learn from your pops, user."

You don't borrow from a foreign entity. The banks operating under your banking laws in your country buy non tradable stocks that give a small fixed dividend. If you mean the owners of that bank can be foreigners that globalist system you complain about pumps up the American economy and US global dominance partly simply because the US controlled the most capital when the system was put in place.

en.wikipedia.org/wiki/Greenback_(1860s_money)
>They were legal tender by law, but were not backed by gold or silver, only the credibility of the U.S. government.[1]
How are they different to what we have today?

They weren't burrowed, they were issued by our own government. Today, all the new money entering our circulation is burrowed at intrest. The similarity is that it's all fiat.

You should read Ron Paul's stuff and then hound your dad every day to support an audit of Fort Knox. Dont let up until you get your audit fren. Your country and your dad will eventually thank you.

Attached: 1536728488231.jpg (480x360, 84K)

>"if it was really that simple, we'd be doing it, user"

must be nice being an oblivious boomer

So we should abolish the Federal Reserve, which was created by, and continues to be authorized by, Congress and instead just have Congress issue fiat money directly because Congress will be responsible and not inflate the currency to buy power and influence. What a stupid idea. If Congress can't be trusted to regulate the Fed how can it be trusted to issue currency? We should abolish the Fed and prohibit the Congress from issuing nonredeemable paper currency.

We're supposed to take financial advice from a retard who's barely literate?

All this "we". Try and take the power if you want it so badly lol.

this lot will never do shit.

>this thread.

Attached: laughing anime figurines.jpg (458x418, 26K)

But why? Why is the Fed good?

It's already manipulated by the powerful. But at the very least, we could be issuing it without having to pay it back to a foreign entity with intrest.

I think personally that the ones who control our money somewhat have a good understanding of what to do with the world. People make things that are outside of the traditional financial system. Perhaps government is okay , but in the sense that we have somewhat "order" as i think a society without governments (at least at this point) will crumble. But OP is right in this case. They get to print money , "Quantitative easing" and reissue to us. But if we do it , it's called "Counterfeiting" But i digress. Thats the thing with crypto. You can literally MAKE money. But the question is , will you be a good ruler or a dictator? Only you can decide what you do with this newly acquired "Wealth"

Currency issuance should be indexed to population, but we need laws to keep liquidity intact. It would only be possible with some form of state capitalism with a capped inheritance.

>that gif

kek

pretty true. easier to fool people than convince them they've been fooled.

We just need to get the jews out of the west.

Both are wrong.

Care to elaborate? Are we not nationally taking loans for fiat money at interest in the US?