PETITION: Federal Reserve System

Since the Ratification of the Federal Reserve Act of 1913 (Ch. 6: 38 Stat. 251), there has been tremendous controversy whether the establishment of a Central Banking System in the United States is adhering to the United States Constitution, and on top of that how its purely granted its Independency from the Federal Government. Throughout the 20th and 21st Century, the Federal Reserve has over stepped its Authority in the Matters of the American Economy in regards to the assumptions that its going to collapse in which they deliberately engaged in mischievous activities that played a crucial role in the overwhelming amount of recessions we, Citizenry had to live with. We, the Citizenry, demand that this Institution be consolidated for the Breach of the Peace amongst our Posterity.

Interested? Sign the Petition: http://bit.ly/ConsolidatetheReserve

Ok OP was pretty opaque and confusing but I think he/she means well.

There are a few solutions to the problem of how money is created and its supply optimized, which I think is the crux of the argument from demonizing the fed. Currently money is essentially created AS debt and IS debt for all intents and purposes.

This means that the principle of a loan is willed into existence by government fiat through the fractional reserve banking system, with the fed as the lender of last resort. If a bank has $1 in reserve it can lend out $10, 9 of which it magicked into existence. Problem is the interest on that loan is never created, so more borrowing has to take place to pay it. It's a cycle which goes on forever and is no one wins except the banker.

Solution 1 - return to the gold standard and reduce the fractional reserve ration from 10:1 to 1:1 over a period of years.

Solution 2 - keep fiat money but give the right of money creation exclusively to the government. This is a good solution as it means taxes can be scrapped. Inflation would be the new tax, which would act like a general tax on money. We might even get our democracy back as gov won't have the boot of the banks on its throat and will be accountable for overspending almost instantly, instead of waking up years later thinking "Ah, shit, now we have to pay all those loans back and prostitute ourselves to the Chinese."

Better ideas?

>>2
I've been thinking of a specific version of fiat money; the government prints the money and lends it to the big players (like the banks), at interest. This could be one step towards taxing consumption.

But then of course, after a while, people could end up owing the government more money than there exists in the whole system (cos we don't owe the banks that much right now. Riiight.)
The remedy for this would be ways to pump money into the system without interest. This would obviously include government employee salaries, but also infrastructure construction (roads and railways need to be built and maintained, as do internet and similar signalling structures), social security, education stipends, etc.

You can't regulate or "fix" the federal reserve system. You have to get rid of it entirely. And the only way that is possible is to start backing paper money with something that actually holds value, again.

>>4
We can do a lot just by nationalizing the «Federal» Reserve.
Like have a proper audit of who's been controlling it for all these years. I don't expect the findings to be very sheeple-friendly…

(And then, of course, have it disbanded as the abomination it is.)

The Fed will end itself. What you need is to give people the ability to opt out if they believe they have the foresight to see the collapse coming. Simple solution is to repeal legal tender laws and allow for competing currencies. Let people choose for themselves what money is and is not. This market money would definitely revolve around gold and silver as it has for over 6,000 years.