What's the alternative?

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>It's sort of like an inside out prison.
Kek

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Genociding kikes, making any form of usury capital crime and instituting gold-backed currency. As of loans, state can give them interest-free as a form of help to those who deserve it.

Freedom.

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Market sets interest rates rather than unelected group of former private banking execs. Interest rates determine prices which determine behavior. The keys to society are left in the hands of people that the average joe knows nothing about.

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But the first central bank was established under Washington

Also, these quotes don’t answer my question, what’s the alternative

Government issued currency.

Gee what did we do in the eighteen-oughts? Surely America was in a ruinous state of decay for a century and a half!

Hah, you think it's in the hands of people.

From what I’ve researched it appears that major monetary policy decisions are made by people. If I’m wrong would you mind elaborating?

And what would that change

The United States has had a central bank since Washington

Well everyone's debt would be wiped away. The government and not a seperate private entity would control the monetary system. This would be the biggest step towards reclaiming our total sovereignty.

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Reichsmark type currency

I don't believe anyone should control the money supply

Kek

This. It’s too much power.

So no currency, trade and barter is the alternative?

How are we indebted to the central bank?

The truth is that debt isn't even real and the money the FED prints is totally worthless because there's nothing behind it giving it value. We need a new currency backed by precious metals and cryptocurrency and issued by the government interest free.

it's a ticket booth for the carnival

>a decentralized currency issued by a centralized entity
Kind of defeats the purpose eh?

Not when the US controls probably half of all bitcoin.

You’re going full retard with this question. You can have currency with defined limits and therefore without giving a small, unelected body full and unilateral control of the supply, value, etc of said currency. See gold standard.

That is a different issue entirely...is what I’m getting at

Care to elaborate?

The sky is falling every day with that nose

>what's the alternative to jewish enslavement

cmon goys...

The gold standard and central banking are two entirely different things

How are we enslaved, elaborate

What’s the alternative?

The gold standard is a check on the power of the central bank and its monetary policy. The federal reserve as we have now is unchecked entirely. They’re not mutually exclusive concepts.

They’re not mutually exclusive sure, but a gold standard is not an alternative to central banking. Central banking existed and would continue to exist with a gold standard. The power of a central bank is subjective, as a central bank still has the power to affect supply, value, inflation with a gold standard.

So my original question still stands, what’s the alternative?

Reichsmark

A depression so chaotic and startling that the reformation of a classic government would be uncertain.

The Fed holds everything in balance, or it is supposed to, even though it has done an incredibly poor job. Since money can only flow through their bureaucratic reign, a replacement would have to come from a timely and probably futile political transition or force a terrible schism between everyone and their money.

The question is not should we get rid of the Fed, it is how do we do this without costing us everything?

which was backed by a bank

are you a believer in making america great again?

I see what you meant now. I’ll admit I don’t have an answer to how central banking would be replaced in its entirety given how engrained it is. On the other hand, I can offer plenty of solutions within the central banking framework that would restrain and decentralize its decision-making power to prevent abuses resulting in the repeated boom-bust cycle. A yearly audit is a crucial first step. I don’t see the utility in wrecking the economy overnight in the hopes that some new alternative “might” work better.