So now your problem is with fractional reserve banking? Should we go back to buying our groceries with gold coins too? The pitfall of fractional reserve banking is if the bank experiences a bank run. The Fed is able to stop this from happening. Therefore, the pitfall of fractional reserve banking is eliminated, and you are left with the benefits. Again, if you were educated on how the fractional reserve banking system works and the benefits it provides, you would not be making the comments you are making. You are not doing very well here, but keep trying, it's a slow day.
When you graduate from high school and get a real education, then you'll be able to see how utterly wrong you are.
Which historical fact is it that I'm ignoring? By "organizations like the Federal Reserve" do you mean central banks? Or are you referring to something more conspiracy theory-like?
Everything you ever wanted to know about secretive Federal Reserve Which you can't audit. But were afraid to ask Enjoy http://video.google.com/videoplay?docid=-515319560256183936# I dare you to find a single lie in this documentary I dare you.
It's difficult to argue with the tin-foil hat crowd. Most garner their information from a multitude of grainy YouTube clips of batshit wackos like Ron Paul. But concerning the consumption tax, I find it odd that its right-leaning libertarian supporters fail to recognize the plan's implications in creating another government "entitlement" program. After all, if they abhor Social Security, Medicare, and welfare, why would they support monthly prebate disbursements to every family in America? Furthermore, a 23% inclusive sales tax is NOT revenue neutral and will NOT generate sufficient revenue for the feds.
Really ?? So the fact that Federal Reserve won't let itself be audited is TIN FOIL area. You are a moron. And I mean it you moron.
Yes, Ron Paul is a wacko for saying that our entire financial and economic system is a farce and fraud /facepalm I was being sarcastic by the way. Go and look at my damn videos, if you don't believe them, go and do your own independent research, everyone other than the federal reserve and the U.S government or anyone linked to them is saying the same thing.
Look no further than this http://video.google.com/videoplay?docid=-515319560256183936# nowhere will you find such a complete video on the subject of Private Central banking. Completely researched.