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[–] cAMP 0 points 4 points (+4|-0) ago  (edited ago)

It wasn't an accident 1913 they planned and created the "Private" Federal reserve Act, created a bank owned by the rich that prints unlimited money w/o oversight and lends them to the American Government with interest. It was never out of the public interest, it was designed to create debt we can't pay back. https://en.wikipedia.org/wiki/Federal_Reserve_Act

Then in 1971 Nixon took us out of the gold standard so we can print more money out of thin air. We know the what happened to the last guy who tried to fight the Private Fed and get us back to the gold standard.

Edit:Forgot to mention Jekyll Island where private bankers secret/covertly met to design the Federal Rserve Act. http://www.let.rug.nl/usa/essays/general/a-brief-history-of-central-banking/aldrich-plan-%281910%29.php

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[–] crashtestgenius 0 points 2 points (+2|-0) ago 

The gold standard was pretty shit, to be perfectly honest. That's nothing to complain about.

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[–] carlip 0 points 1 point (+1|-0) ago 

Any system will be gamed by people because of the obvious potential gains. The system that should be used is the one that results in the least human suffering.

Its fair to say that the current fiat systems deployed around the globe are a significant deterrent to human happiness, at least from a purely utilitarian view.