Return of the Chicago Plan

[DEAD7]

This is why I don't get the libertarian hate on the Fed....you hate everything the government does but yet you hate an institution that is separate from the Government and you want them to regulate everything about it.

it's not a conspiracy theory.....they're not evil....interest rates are zero because they're trying to help the average consumer out.


i work in banking....i swear on my life the majority of them are trying to help people.....I know you read about this bullshyt on wall street but most of them are trying to get you that auto loan or mortgage.

The veil of secrecy around it doesnt help... I would just like an audit.


... and maybe some confirmation that the gold is or isnt in fort knox

 

[Domingo Halliburton]

The veil of secrecy around it doesnt help... I would just like an audit.

... and maybe some confirmation that the gold is or isnt in fort knox

there's no secrecy... China "owes" us gold like we "owe" them gold...there is a finite amount of gold in the world. The question is what is the value? The only reason is to speculate.

 

[Julius Skrrvin]

there's no secrecy... China "owes" us gold like we "owe" them gold...there is a finite amount of gold in the world. The question is what is the value? The only reason is to speculate.

If only we could grow gold so itd get devalued like spices and libertarians could shut the fukk up about it

 

[Gallo]

an end to most people buying anything on credit

Yes, that's a *big* part of what I was thinking. Not only would it hurt ordinary individuals but a huge number of small businesses as well.

 

[DEAD7]

Yes, that's a *big* part of what I was thinking. Not only would it hurt ordinary individuals but a huge number of small businesses as well.

The private sector would still be able to borrow, but would not be *forced* to borrow, because every dollar of deficit-lending that is curtailed is an additional dollar of deficit-spending that is possible without creating inflation.