-7 votes

Does, "End The Fed," Really Mean End The Dollar?

If the Federal Reserve prints and issues America's currency, can the Dollar exist without the Federal Reserve?

If the Federal Reserve ended tomorrow, what would replace the Dollar?

Are they not one in the same?

The Federal Reserve is a business, and their number 1 selling product is the US Dollar. It is the only product they make.

Any currency is ultimately a product. People work for currency, and then spend it on other products and services...or currencies.

If the US Dollar was tied to a strict, limited amount of physical gold, there would also be a strict, limited amount of products and services available to the public.

I admire and respect Ron Paul, but I do not agree with him anymore on ending the Federal Reserve.

The people that created The Fed weren't exactly the nicest people in the world.... but I do think that as very smart and shrewd businessmen, they saw something coming that nobody else did.

I think Ben Franklin is more than likely the true inspiration behind the Federal Reserve.

Before, "Just Do It," was, "Just Print It."

Printable/Digital money has made 6,000 years of past business models and economic theories obsolete.

The old gold donkey and silver plow approach no longer applies.

When was the last time you purchased a product from a store with gold or silver coins?

The idea of what, "money," really is has totally changed.

Many if not most people prefer plastic over cash in today's society.

The US Dollar is the first currency in world history that was originally backed by a limited amount of physical gold and silver, and is now backed by an unlimited demand for goods and services with an unlimited supply of non-physical, digital money.

Human productivity and consumption on an economic growth chart over all of time literally goes to infinity, correct?

For as long as people exist and procreate, the demand for goods and services will always rise without end. As the planet's population grows, so does the need for more, "money."

If ALL money on earth was tied to a fixed amount of gold with every living human being trying to get their hands on such a limited product, I honestly don't think any of us would be here right now.

People need money to live. There is absolutely no possible way to sustain and supply the entire world with money that is backed by a limited physical resource such as gold.

"Money," doesn't really matter. People do.

Why am I playing the Dollar's advocate?

Because I fear Ron Paul's gold backed solution has led many smart people to think that we need to go in reverse to move ahead.

Tying the money supply to gold in the 21st Century seems like a giant step backwards in my most humble, honest, objective, freedom loving American business owner opinion.

When you go to buy your cup of coffee tomorrow morning before work with cash or credit, ask yourself a serious question.

Out of over 6 billion people on earth, how many are so lucky to be able to drive a car, pull into a drive through window and order a cup of coffee and a hashbrown for $2 bucks?

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If the U.S. Dollar were to dissolve tomorrow, but The Private Bank Cartel were to create some other new currency, like the "Amero", or some other International currency -- and they had the same monopoly control over this new currency -- then all the people would be completely subjugated and enslaved in exactly the same manner as they are today!

Ending the u.s. dollar bill does not "end the Fed" (inappropriately named) and this Private Capitalist Monopoly (f.y.i.: International in scope).

The only way to "End the Fed" is to make it illegal and invalid for this private cartel group to ever create money at all, and control our entire money supply (regardless of what the actual unit of measurement is).

Banks should only be in the business of Loaning money that is already in existence, not originating or counterfeiting it out of thin air (and charging public debt for doing so).

Monetary reform begins by taking the power and control (and ability to manipulate) away from the private Banks.

It is the system (Rothschilds Private banks) that is the scam here, not the instrument itself.

If the US Dollar was tied to a strict,

limited amount of physical gold, there would also be a strict, limited amount of products and services available to the public.
- Not true, the US was on a gold/silver standard for most of the 1800's and look at the immense productivity that happened during that time. In the late 1800's, the increases in crop production were mind boggling.
Yes it's hard to understand how a more limited money supply supported this since we are conditioned today that inflation is normal. In the 1800's however, deflation played a strong role since more goods were being chased by the limited dollars.

A Dollar is a weight of silver set 222 year ago.

The Coinage Act of 1792

"the money of account of the United States shall be expressed in dollars or units … of the value [mass or weight] to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure … silver."

Free includes debt-free!

What would you think about a currency that has a totally

decentralized issuance, is backed with goods and services, promotes honesty, promotes social and community interaction, promotes fiscal responsibility, and won't inflate? I would appreciate if you would check this out and let me know what you think of this currency idea: www.theonlinemarket.org www.facebook.com/theonlinemarket.org

What do you think of this? www.theonlinemarket.org

Money and currency are not

Money and currency are not the same thing. No matter how bad you want it to be, the dollar is not money. It looks like money and spends like money but it is actually currency. And it's the worst kind of currency, a currency backed by debt. Meanwhile those who create this currency have amassed most of the world's money. I'm speaking of real money, that which people run to when the SHTF. So yes, End the Fed does mean end the dollar. Good riddance. To think that a gold-backed currency would somehow limit the market is a little silly. The dollar as we know it today has only existed since 1971 so I'm not sure at all why you think most of us wouldn't be here if it weren't for the almighty green IOU.

DJP333's picture

These folks

have gone through currency devaluations and the "old gold donkey and silver plow approach" worked much better for them than holding paper.

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."

All of your concerns are valid and can be fully

Dealt with by the free market. The problem with the dollar is that it is a national currency protected and enforced by the violence of the state, and only serves to benefit the corporate state.

The good thing about the dollar is not unique to it, but has been developed by the market over and over again throughout history.

The problem isn't that it is not tied to gold but an instrument of violent control. Tying it to gold is only a mechanism to put a check on corruption, but doesn't nothing to deal with the underlying systemic issue.


Michael Nystrom's picture

United States Note


To be mean is never excusable, but there is some merit in knowing that one is; the most irreparable of vices is to do evil out of stupidity. - C.B.