SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.88+0.9%Nov 18 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hawkmoon who wrote (29541)3/8/1999 8:08:00 AM
From: ForYourEyesOnly  Read Replies (1) of 116762
 
Re: FRB

I will admit that my feelings are biased. So far all that I have seen would indicate that the fed is not nearly an ideal system.

You argument seems to be that:
1. The policiticians cannot be trusted with our monetary system.
2. Therefore we need an "independent" entity to control our monetary system.

However, I find this to be problematic. Why?

1. While our politicians are obviously very human and failable, at least we can elect them in and out of office. That gives the people both indirect control and responsibility for what the officials do.

2. The Fed is NOT in the direct control of the people or the politicians. And as your response confirms, the ownership of the fed does not appear to be known to at least the majority of the population. I have seen it written that the details of ownership have never been reported. How can we trust someone we cannot even identify?

3. The gov't is supposedly entrusted to watch out for the welfare of the populace. Private business and banks has no such responsibility. Their main pupose is to be profitable, within the bounds of the law.

In any case, I think that quite frankly we are both very lacking in terms of factual knowledge of the issues at hand, and as you pointed out we are letting our biases guide our statements.

I would like to suggest that we put this discussion on hold.....I will continue to ask questions and seek knowledge, but I will not try to convince you to accept my view of the situation (my bias) until I have more in the way of factual evidence.

Have a great day!

THC
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News