Archived Judy Shelton, Trump's Next Fed Choice, Favors A Gold Standard And Free Trade (zerohedge.com)
submitted ago by principle
Posted by: principle
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Archived on: 8/12/2019 10:00:00 AM
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Archived Judy Shelton, Trump's Next Fed Choice, Favors A Gold Standard And Free Trade (zerohedge.com)
submitted ago by principle
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[–] principle [S] ago (edited ago)
The Fed is not an agency of the US Government. We do not need the Fed. Simply issue the US Notes, instead of dealing with the banksters and their phony Fed Notes. And definitely do not use Gold or Silver fractional reserve scam.
[–] HarlandKornfeld14 ago
I know the Fed is unaccountable, so it is not really under government control, that is why I said audit it, take control. I am advocating for replacing the petrodollar scam with the greenback. I think you have the same general idea.
[–] principle [S] ago (edited ago)
The US Government cannot take control of a private company like the Fed which is owned by its member banks. There is no reason to do anything about the Fed either. Simply ignore it. Issue The US Note and it will trade separately from the Fed Note, just like any other currency. Just make sure to recognize that all debt like bank deposits and corporate paper are US Notes. The banks debt would remain in Fed Notes and will immediately plunge to near zero. Banks will go bankrupt but the economy will not.
PS. Mortgages will also go to zero. :)