yes it does. revolution will not solve the problem. look at those communist countries, they are now not red, they are now more captilism. a revolution just does another cycle: replace old ELITE with new ELITE, replace old middle class people with new middle class people, or just so called social rotation (like market sector rotation, today this sector is strong, tomroow another sector is strong). hope next day we will become this ELITE
Actually no, It's a natural phenomenon. You can observe it in solar cycle, the cycle composed of two 11 year periods [in average] where the Sun changes it's polarity twice - the north pole of the sun becomes the south pole and then it goes back. Why is the solar cycle importante to Earth? If you haven't noticed all energy on Earth comes from the sun, wether it's been stored for billions of years [uranium, etc] millions of years [oil and friends] a few years [trees] a few months [bushes a few hours [wind], a few days [water cycle] or realtime [solar power]; or is a result of the constant drift around the sun's gravitational field [tides and wind - in part]. The solar cycle lasts about 22 years, that's roughly the time we have between market crashes. Half the solar cycle [11 years - the time it takes for the polarity of the sun to flip once] is roughly the time the agricultural super cycles last. Agriculture links all markets and productions in a very unique way, we all have to eat. The business cycle is not created by the FED. But the FED has used monetary expanssion to get us high on money and read the market incorrectly, so that we invest when we should be saving our cents... So, by removing the Fed, you let nature take care of telling the market when it's time to be bullish, and when it's time to be bearish. PS: On a separate note, if you go to the wiki link provided below you can see a butterfly chart of solar actitivy since about 1870... You can see that solar activity has been increasing since then... I wonder why no one is linking higher actity in the sun [the source of our heat] to higher temperatures on Earth. http://upload.wikimedia.org/wikipedia/en/thumb/4/46/Solar_cycle.gif/600px-Solar_cycle.gif http://en.wikipedia.org/wiki/Solar_cycle#Impact_on_human_mood_and_health PS: Revelation 16:8
Abolish the Fed.. and you guys call yourself traders? Or just pikers who like to pretend they're big boys talking of economics? Without the Fed, this credit crisis would have probably wiped out your $5000 brokerage account, be thankful.
Since the initial funding for the wars weren't printed out of thin air like in previous wars but rather stolen (U.S. 1 Trillion) from the WTC before the towers collapsed, the FED can't be directly blamed outside of general inflationary/deflationary fractional policy for the present disaster. The wars on the most fertile oil-producing continent; outrageous, uncapped cost of higher education; tax breaks given to corporations and incorporations that actually fractionalize and base inter-departmental headquarters overseas or across north or south of American borders; the seller's bubble in housing which contributed to a rise in here-today-gone-tomorrow sub-prime lenders giving away money in the hope to strongly counter and then incrementally correct housing (and job creation, and spending); the cost of doing international trade business with so much trade debt is forcing raw, textile and agricultural manufacturers to dramatically raise prices to continue to see profits while seeing co-op after co-op dissapear; has created short-term monopolies. &c. Our largely Federalized Republic had given free rides en route to fund campaigns for so long there is no way out. It's systemic alright, and blame can be pushed in part on the FED for simply existing, but it's the greed and incompetence of our government's fault. All of it.
Just because the Fed isn't responsible for the "charge to future generations" Iraq war, doesn't mean they are any less evil. Money pump inflation in the teens (and even 20% recently) for the last few years... then lie about the impact... then sow the seeds for the housing/banking crisis... The Fed has plenty of stink on them.
If you have an Administration that never uses the veto pen and a Congress that spends money like a drunken sailor on shore leave, would you expect the U.S. DOLLAR to be strong and inflation under control? Hell no! The OMB estimates a budget deficit of $440 billion in 2013. Continue to run huge budget deficits . . . continue to watch the dollar deteriorate. It's really that simple.
Full reserve banking ? I respect you Cutten, but do you mean like $1 loaned for $1 in the coffers? Quite frankly that would deleverage the economy, and thus lead to a massive depression. I also don't see how a bank can be profitable if it gets 3% a year on a loan. How does it pay everything else? Maybe you have a better way of explaining things.
in addition to those links "What's Wrong with the Sun? (Nothing)" 07.11.2008 http://science.nasa.gov/headlines/y2008/11jul_solarcycleupdate.htm