The Federal Reserve

So I've been reading up on the Federal Reserve and the whole centralized banking deal.
I was wondering how many people are aware of the flaws in the system and the fact that we are essentially enslaved by a corporate master race of bankers.

flaws in the system
All systems contain flaws.  Some are flawed in their very nature, some have flaws due to oversights, and others have flaws as compromises to even greater flaws.  The worst kind of flaws are those that can not be seen or resist correction.
It is the fool who believes in a perfect system through human design.

corporate master race of bankers
Who are also Lizardmen and members of the Illuminati?  I think you're overlooking a fundamental element of your concern: everything is worth something.  There will always be a "corporate master race of bankers" in some shape or form as long as there are people clever enough to amass and manipulate resources.

Could we survive well without the federal reserve?  Yes, but I believe a modified and reformed Fed would be of better service than a void, for the record.

Central banking is pretty bad

>>2
Why not just legalize competing currencies? The dollar is on its last leg anyway.

>>4
A dubious solution at best.  Do we pick long-term favorites, short-term favorites that change as their prices change, or do we go all out and legalize them all?  Imagine the chaos people would encounter at checkout counters as we convert multiple currencies into a single amount.  There's also a reason the EU wanted to switch to Euros (and succeeded, but still failed).

The dollar is not on its last legs.  The domestic policy of the last many many administrations has been building up to manslaughter the dollar but it's not dead because the country can not make it/is not prosperous.  The current mindset of the administration is "spend to success" but the amount of spending that would be needed to cover interest on debt and the debt itself is not attainable currently - a hundred billion dollar investment would need to turn into a reliable trillion dollar return.  And there needs to be enough of these to handle the debt in a reasonable manner and to counteract spending.  We can barely bring in three trillion dollars annually with taxes.  Yeah, hurt is impossible to avoid but recovery is still within reach; it has to be made impossible.

Actually, that gives me a devious idea: switch currencies to the Chinese yen in light of "it's power."  From there, the yen is automatically weakened, since we just introduced a lot of it, or we treat the yen like we have the dollar and weaken it "in pursuit of our economic interest."  Ultimately we do not filter out the printed Chinese currency from the market when we switch back to a now stronger dollar.

>>5
A dubious solution at best.
Not really.
Do we pick long-term favorites, short-term favorites that change as their prices change, or do we go all out and legalize them all?
Whatever one turns out the strongest out of all of them is what the people will decide on. It's how competition works. There are multiple currency ideas, but I'm not so sure myself how that would work.
There's also a reason the EU wanted to switch to Euros (and succeeded, but still failed).
Only those countries that are part of the Eurozone. You're right about it having failed, I can see an eventual breakup of the European Union and European nations going back to their original currencies. What's happening in Greece, will eventually spread to Spain, Portugal, the UK (the UK by the way, has a budget deficit to GDP approaching that of Greece's), the Ukraine, Latvia, Lithuania, Estonia, etc.
The dollar is not on its last legs.
A ~95% devaluation doesn't mean its nearly at its last legs? Yeah...right...
The domestic policy of the last many many administrations has been building up to manslaughter the dollar
Correct.
but it's not dead because the country can not make it/is not prosperous.
Wait, could you rephrase this?
The current mindset of the administration is "spend to success" but the amount of spending that would be needed to cover interest on debt and the debt itself is not attainable currently
And never will be at this point.
a hundred billion dollar investment would need to turn into a reliable trillion dollar return.
That would take nothing less than a miracle.
We can barely bring in three trillion dollars annually with taxes.
Exactly. Even if income tax levels were raised 100%, it still would not be enough to cover it all.
recovery is still within reach
Where? In the land of OZ?
it has to be made impossible.
The what?
Actually, that gives me a devious idea: switch currencies to the Chinese yen in light of "it's power."  From there, the yen is automatically weakened, since we just introduced a lot of it, or we treat the yen like we have the dollar and weaken it "in pursuit of our economic interest."  Ultimately we do not filter out the printed Chinese currency from the market when we switch back to a now stronger dollar.
China has the yuan, not the yen. Yen is Japan.

Wait, could you rephrase this?
My bad.  Attempts to rephrase the statement had lead me to believe that I was committing a grammatical fallacy there.  I'll try something else:
"... but that is the only reason 'the dollar is dead' can even be seen as a correct assessment.  Turn the administrative policies against the dollar and this administration's policy against business around and the dollar can bounce back just by letting our economy bounce back.  That will probably require telling the EPA and whatever other boards tie up our natural resources to fuck off a bit and definitely restructuring our tax code but this country wants to bounce back.  We have resources we aren't allowed access to; we have conditions we'd submit to that we're not allowed to reach (I'd work for less than minimum wage as long as I could work for some wage).  Greece is dead because too much of it doesn't earn what it is given.  But if there is even only 5% value left it can built into 6%."
Also, as much as I'd hate to demonize, de-power unions.

China has the yuan, not the yen. Yen is Japan.
I knew it was something with a "y" and a "n" but I forgot what was in the middle.

END THE FED