Input for a Response to an old friend.Submitted by Scooby420 on Thu, 11/13/2008 - 11:02
I have been using my facebook account to get the word out to all of my friends (past and present) about the Fed Reserve and the push to abolish it. Many of them don't care and are probably fed up with my messages and emails. I do though have one friend that has his masters in finance and is a very big fan of the Federal Reserve system. He sent the following message to me yesterday when I sent out a note reminding everybody about the upcoming EndTheFed.us rallies. Anybody got some good ideas to combat this? He is open to discussion just set in his ways and not yet awake.
"If it was not for Paul Volcker managing interest rates to bring down inflation, the US would not have enjoyed as much prosperity over the last 25 years. Gold standards only work if countries remain committed to them and would actually cause us to lose independence."