Audit the Fed

Nothing, it will stay at the value of the time, and rate of inflation will return to minimal levels.

A small private corporation has the power to set interest rates, and banking regs, and much of it's workings are a secret to the public and you don't want an audit? Honestly, are you fucking retarded? The FED has a completely unreasonable amount of power, and we know almost nothing about it compared to many other organizations that have much less power.

So what are the ripple effects if we switch off the Fed tomorrow?

you shouldn't you should demand the fed be destroyed and scattered to the winds

>So what are the ripple effects if we switch off the Fed tomorrow?
Rothschild and other european bankers losing their shit and pulling out all the stops

>and you don't want an audit?
I have to know the negative side effects of this action.

Currency competition against the fed is needed.

What does this look like?

what dafuq do lolbertarians think auditing the fed is? Just read their quarterly reports. there's a script of everything they say in their meetings. Which probably isn't a good thing. Consider them talking about keeping rates low to stay ahead of the tariff wars (China is currently doing this). Do you really want to tgive them a heads up?

did you mean what happens to you their federal note?
If the fed is allowed to continue then interest rates will go up and trading treasury bonds for loans will cost more

a non sovereign currency which would likely be a cryptocurrency. You can only pay taxes in usd so getting rid of that monopoly would probably be the biggest hurdle. Maybe not though because you could just exchange your crypto to usd.

The NSA tells you that if you have nothing to hide then you have nothing to fear. If that's good enough for the citizen why shouldn't it be good enough for the fed.

>If the fed is allowed to continue then interest rates will go up
That is a good thing.

All the people pulling the strings become outraged and plaster media headlines with "what has our country come to" as they attempt to damage control and lobby for people to support the Fed. Control the money, control the people, and near worthless money means only billionaires have any control.

Its to late for that. Time to push the Fed into over drive. Venezuela style. Self destruction is the only way out.

>and near worthless money
I don't have worthless money and I don't have debt. How does this help me?

Does this question reveal the NPCs? We're all supposed to echo "audit the fed" without knowing what it mean or if there is a downside.

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no, it's not
the debt is absurd, will never be paid off and unconstitutional.
I don't give a flying fuck what your side of the argument is though so don't bother replying

>the debt is absurd, will never be paid off and unconstitutional.
What do you care Canadian?

Because you don't have anything to compare it to. Unless you're 70, you never lived in a time where your money could go way further than it does today. Whatever you make now, would be worth at least 5x more adjusted for inflation back in the day.

We need a fiat monetary system to keep the markets satisfied despite their lack of faith in the state

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>Whatever you make now, would be worth at least 5x more adjusted for inflation
I don't want to take any action that will destroy the money I have saved.

we're under the same system as you thanks to Turdeau, retard

OP is a shill
abandoning thread

The Fed is currently destroying the money you saved by artificially inflating market prices. Depending on where you live, unless you make at least 10% (could be up to 20%) more every year, you're going backwards vs the rate of inflation.

All I did was ask the negative effects of this.

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So if we get ride of the fed and my money is devalued all at once could this be better?

rid*

The money still exists if you end the Fed

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>The money still exists
Its just paper.

The only thing maintaining the value of US currency is global military dominance. This is currently used to make sure USD trades for oil for example -- everyone needs oil so the value remains high. As long as this position is maintained it's fine. As soon as it's not (fed or not) USD crashes.

>interest is good goyim!
>do not outlaw usury, that would force me to crash the economy using all the tools at my cabal's disposal!

I don't borrow money and they pay me to keep it in the bank. They don't pay as much as they used to.

So what stops the money having no value with the existence of the Fed, if it has none without it?

>What is the CAFR?
They already are audited every fucking fiscal quarter. If anyone reads the CAFR, they will quickly find many problems. Doesn't matter. They are still audited. It's called the CAFR. No, what needs to happen is END THE FUCKING JEWISH DYNASTY THAT IS THE FEDERAL RESERVE.

I don't really know, its all magic to me. So if I support fucking with the system I have to know what to expect.

Trust us. We're doing fine

The Fed doesn't control whether money has value, they control the rate of inflation. They are the arbitrator of abundance. They are the company who has the sole right to the production of a product of which they are perfectly capable of making more of, but ultimately they decide if that production happens. But if we end that company, those existing products hold their value.

>They are the company who has the sole right to the production of a product of which they are perfectly capable of making more of
How do things get better if a different political party is in charge of printing money every 4 years?

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It has nothing to do with who is president, the Fed answers to people in the shadows.

Yes but you want to replace it with a system where whatever political party takes charge controls the printing of money.

Jow Forumss knowledge on the fed is literally documentaries. The US does have a huge "conspiracy" or whatever you call the fed but it's the usd being the world currency that has reduced our economy to a service economy. It was sold out the lower/middle class jobs to oversea countries that in return give us capital surpluses to balance our current account deficit. Who do you think benefits from a financial account surplus? The fault is our government.

If anyone is interested in central banking that is smart enough to stay away from tinfoil hat documentaries then i would suggest starting at pic related for a nice background of where we are and how we got here.

>Inb4 durr muh Nixon shock durr

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No I want them to stop printing money altogether, because more of it floating around fucks with the money I have.

fuck off dickhead you're just being a slave enabler
the 1913 fed accord as to go fuck you

>I want them to stop printing money altogether,
Well it does seem under the current arrangement printing money is isolated from political influence. They print money for other reason so I don't know.

>the 1913 fed accord as to go fuck you
Very interesting argument.

Also, the 2nd chapter talks about how Harry White was instrumental in pressuring Japan to attack Pearl Harbor. You all know who Keynes is but not many people know how instrumental White is in creating the world we live in today.

> Checked
Fuck ending it, racialize it to be volkish

You don't have money, user. You have debt slips that state how much the government owes the fed. You're running around with IOUs. IOUs that you must pay.

Whatever you call it I can buy tangible property with them for now.

It's the banks who primarily create currency and distribute it.
The bank of England explains it here: bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy

They're the primary causes of inflation these days