Steve Bannon Calls for the End of the Federal Reserve

Posted by deleted 1 year, 9 months ago to Economics
19 comments | Share | Flag

I'm not sure what people think about Steve Bannon, but on this, I agree. End it.


All Comments

  • Posted by j_IR1776wg 1 year, 9 months ago in reply to this comment.
    None that I can think of. There was a brief period in America (1832) after Andrew Jackson and Congress ended the central bank of its day when banking was decentralized. This lasted until Abraham Lincoln re-instituted centralized control in the 1860's. http://www.campaignforliberty.org/and...

    I remember reading that Thomas Jefferson while president sent a letter to his son-in-law who was in the House of Representatives complaining that "They [the central bank] have taken our gold and silver and given us $200 million in fluff and bubble." I guess things haven't changed much.
    Reply | Permalink  
  • Posted by 1 year, 9 months ago in reply to this comment.
    Has any country in history ever had a banking system run by laissez faire capitalistic principles?
    Reply | Permalink  
  • Posted by j_IR1776wg 1 year, 9 months ago
    We would have to amend the Constitution first. As written

    "[The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; . . "

    Has any country in history ever had a banking system run by laissez faire capitalistic principles?
    Reply | Permalink  
  • Posted by $ blarman 1 year, 9 months ago in reply to this comment.
    We don't. We would be better off with regional banks and NONE of them beholden to Congress. The power to create money from thin air is the power of economic oppression and should never have been given to the Federal Reserve. Ever.
    Reply | Permalink  
  • Posted by $ blarman 1 year, 9 months ago in reply to this comment.
    There have been several iterations of a National Bank during the history of the United States. Hamilton was a proponent of a National Bank as a method to introduce and control the money supply as well as finance the government. (Some of his ideas are sound and some side with big government.) One of the most notable fights over the National Bank actually involved President Andrew Jackson. Though the man's racism should not be left in doubt, he did - successfully - take on the most powerful man in the United States at the time (Nicholas Biddle) and won, vetoing the re-authorization of the Bank of the United States.

    The US would remain without a national bank for more than eighty years until 1918 when a group of financiers met together on Jekyll Island to hammer out not only the proposal for another Bank of the United States, but more importantly the plan to sell it to an unwilling public. Thus the name "Federal Reserve" rather than Bank of the United States.

    For an exhaustive approach, I highly recommend The Creature from Jekyll Island as it goes into detail about not only the history of the Bank of the United States, but also its predecessor, the Bank of England.
    Reply | Permalink  
  • Posted by Dobrien 1 year, 9 months ago in reply to this comment.
    Au contrarie, Trumps intention and it is working is to destroy the Fed.
    2619
    Dec 12, 2018 7:01:15 PM EST
    Q !!mG7VJxZNCI ID: 089200 No. 4281049
    Dec 12, 2018 6:57:57 PM EST
    Anonymous ID: 376ff2 No. 4280876
    >>4280189
    Q: Do we have the GOLD?
    >>4280876
    Yes.
    GOLD shall destroy FED.
    Q
    Reply | Permalink  
  • Posted by Dobrien 1 year, 9 months ago in reply to this comment.
    G Edward Griffith is a true American hero.
    Look up his interview with Norman Dodd you won’t be sorry.
    Reply | Permalink  
  • Posted by Dobrien 1 year, 9 months ago
    Of course the Fed is a major head on the multiheaded snake.
    Reply | Permalink  
  • Posted by $ Markus_Katabri 1 year, 9 months ago
    The creature from Jekyll Island is such an integral part of the whole corrupt works you can’t kill it without killing the organism it feeds on. Not that I’m saying it’s a bad idea.
    Reply | Permalink  
  • Posted by $ 25n56il4 1 year, 9 months ago
    You are of course aware that five of our Presidents had the same idea and they all got assassinated. Except Reagan who got shot and didn't die. This list included Lincoln and Kennedy.
    Reply | Permalink  

  • Comment hidden. Undo