LinuxQuestions.org
Go Job Hunting at the LQ Job Marketplace
Go Back   LinuxQuestions.org > Forums > Non-*NIX Forums > General
User Name
Password
General This forum is for non-technical general discussion which can include both Linux and non-Linux topics. Have fun!

Notices

Reply
 
Search this Thread
Old 06-08-2009, 07:11 PM   #1
cousinlucky
Member
 
Registered: Nov 2005
Location: Staten Island N.Y.
Distribution: PCLinuxOS Gnome
Posts: 189

Rep: Reputation: 74
The Case against the federal reserve


I have very limited computer knowledge but common sense makes sense to me.

This link is for the LQ members wondering about the root causes of our current global financial messes.

http://lewrockwell.com/rothbard/rothbard202.html
 
Old 06-08-2009, 09:41 PM   #2
jiml8
Senior Member
 
Registered: Sep 2003
Posts: 3,171

Rep: Reputation: 114Reputation: 114
When evaluating common sense, I would suggest that one of the first things you should do is consider the use of perjoratives in the article that is supposedly making the "common sense" case.

I read a big chunk of that article (not all of it) and gave up. It is totally unbalanced, gives only the faintest of consideration to the arguments for leaving the Fed as it is, and employing perjorative terms to describe the opinions of those with whom the article disagrees, while restating the arguments made by those people in unfavorable terms, then tearing down the restated arguments.

In short, it is a propaganda piece.

Now, there clearly are deficiencies in the Federal Reserve Board system as currently configured, but these deficiencies need to be discussed dispassionately and rationally, and not in the type of framework of this article.

And, frankly, any article that invokes Barney Frank (!!!!) as one of the good guys is clear around the bend as far as I am concerned. Someone should shoot that bastard, and I mean that literally.
 
Old 06-09-2009, 11:38 AM   #3
Hangdog42
LQ Veteran
 
Registered: Feb 2003
Location: Maryland
Distribution: Slackware
Posts: 7,781
Blog Entries: 1

Rep: Reputation: 412Reputation: 412Reputation: 412Reputation: 412Reputation: 412
Good God, a gold standard nutjob. I agree with jiml8, that is pure, unmitigated propaganda.

What people have forgotten is that the US had routine and severe recessions/depressions precisely because it adhered to a gold standard. To call it a solution to the problems caused by the Federal Reserve is beyond insane. For anyone interested in the functioning of the gold standard this is a reasonably balanced explanation.


Quote:
Someone should shoot that bastard, and I mean that literally.
Come on now. That is uncalled for.
 
Old 06-09-2009, 12:48 PM   #4
H_TeXMeX_H
Guru
 
Registered: Oct 2005
Location: $RANDOM
Distribution: slackware64
Posts: 12,928
Blog Entries: 2

Rep: Reputation: 1269Reputation: 1269Reputation: 1269Reputation: 1269Reputation: 1269Reputation: 1269Reputation: 1269Reputation: 1269Reputation: 1269
The main case against the federal reserve is:

1) It's not federal ... it's private and owned by an elitist group.

2) It can now print infinite money ... do you realize what this means ...

3) It seems they are planning to take over the world ...

... need I say more ?
 
Old 06-09-2009, 05:59 PM   #5
Hangdog42
LQ Veteran
 
Registered: Feb 2003
Location: Maryland
Distribution: Slackware
Posts: 7,781
Blog Entries: 1

Rep: Reputation: 412Reputation: 412Reputation: 412Reputation: 412Reputation: 412
Don't know if your tongue is firmly in your cheek or not, but just in case......

Quote:
1) It's not federal ... it's private and owned by an elitist group.
Uh, no. It was established by Congress by the Federal Reserve Act. It can be repealed by Congress as well.

Quote:
2) It can now print infinite money ... do you realize what this means ...
It has been able to do this for quite some time. Probably since the US went off the gold standard.

Quote:
3) It seems they are planning to take over the world ...
Considering that they can't even take over the US properly, I don't think the world has much to worry about.
 
Old 06-09-2009, 06:53 PM   #6
jiml8
Senior Member
 
Registered: Sep 2003
Posts: 3,171

Rep: Reputation: 114Reputation: 114
Quote:
Quote:
Someone should shoot that bastard, and I mean that literally.
Come on now. That is uncalled for.
Barney Frank is one of the most hypocritical and dishonest members of congress - and given who is in that body, that is really saying something. He is one of the major architects of the real estate debacle. He profited from it personally, as did Chris Dodd, and when it all started to fall down, his was one of the loudest voices spreading blame everywhere but where it belongs.
 
Old 06-09-2009, 07:41 PM   #7
cousinlucky
Member
 
Registered: Nov 2005
Location: Staten Island N.Y.
Distribution: PCLinuxOS Gnome
Posts: 189

Original Poster
Rep: Reputation: 74
Wall Street and Washington D.C. politicians have been in bed together for a very long time.

http://www.thenewamerican.com/econom...inmenu-43/1202
 
Old 06-10-2009, 07:13 AM   #8
Hangdog42
LQ Veteran
 
Registered: Feb 2003
Location: Maryland
Distribution: Slackware
Posts: 7,781
Blog Entries: 1

Rep: Reputation: 412Reputation: 412Reputation: 412Reputation: 412Reputation: 412
Quote:
Originally Posted by jiml8 View Post
Barney Frank is one of the most hypocritical and dishonest members of congress - and given who is in that body, that is really saying something. He is one of the major architects of the real estate debacle. He profited from it personally, as did Chris Dodd, and when it all started to fall down, his was one of the loudest voices spreading blame everywhere but where it belongs.

That is still no reason to call for murder. If you want to govern from the barrel of a gun, feel free to move to Somalia. You ought to love it there.
 
Old 06-11-2009, 11:10 AM   #9
Crito
Senior Member
 
Registered: Nov 2003
Location: Knoxville, TN
Distribution: Kubuntu 9.04
Posts: 1,168

Rep: Reputation: 53
Quote:
Originally Posted by Hangdog42 View Post
If you want to govern from the barrel of a gun, feel free to move to Somalia. You ought to love it there.
That's why governments shouldn't be allowed to own guns and wage war. Only private citizen should be allowed to own guns. That would keep all the fascist pigs in line, and their bankster buddies too.
 
Old 06-11-2009, 11:16 AM   #10
Crito
Senior Member
 
Registered: Nov 2003
Location: Knoxville, TN
Distribution: Kubuntu 9.04
Posts: 1,168

Rep: Reputation: 53
Quote:
Originally Posted by jiml8 View Post
... and employing pejorative terms to describe the opinions of those with whom the article disagrees
You mean in same hateful and propaganda-like way the media uses the words hacker and terrorist?

Oh, OK...
 
Old 06-11-2009, 02:43 PM   #11
moxieman99
Member
 
Registered: Feb 2004
Distribution: Dabble, but latest used are Fedora 13 and Ubuntu 10.4.1
Posts: 413

Rep: Reputation: 82
Quote:
Originally Posted by cousinlucky View Post
I have very limited computer knowledge but common sense makes sense to me.

This link is for the LQ members wondering about the root causes of our current global financial messes.

http://lewrockwell.com/rothbard/rothbard202.html
I think you're just looking for an excuse to eat the rest of that left-over spam and dried beans you bought for the Y2K crisis.

Last edited by moxieman99; 06-11-2009 at 02:54 PM.
 
Old 06-11-2009, 04:30 PM   #12
cousinlucky
Member
 
Registered: Nov 2005
Location: Staten Island N.Y.
Distribution: PCLinuxOS Gnome
Posts: 189

Original Poster
Rep: Reputation: 74
Sorry, but that is not the case. I just do not want to be paying $50.00 for a loaf of bread in the very near future. I am old and nearing the end of my existance; but it is young people that should be worried about their paper money soon becoming worthless and the chaos that will follow!
 
Old 06-12-2009, 07:13 AM   #13
Hangdog42
LQ Veteran
 
Registered: Feb 2003
Location: Maryland
Distribution: Slackware
Posts: 7,781
Blog Entries: 1

Rep: Reputation: 412Reputation: 412Reputation: 412Reputation: 412Reputation: 412
Quote:
Originally Posted by cousinlucky View Post
but it is young people that should be worried about their paper money soon becoming worthless and the chaos that will follow!
As opposed to the chaos of a massively contracted supply of money? And a value system not based on how valuable your product is but rather the availability of gold?

A gold standard is no better than what we have today. It is just worse in different ways.
 
Old 06-12-2009, 09:17 AM   #14
moxieman99
Member
 
Registered: Feb 2004
Distribution: Dabble, but latest used are Fedora 13 and Ubuntu 10.4.1
Posts: 413

Rep: Reputation: 82
Quote:
Originally Posted by Hangdog42 View Post
As opposed to the chaos of a massively contracted supply of money? And a value system not based on how valuable your product is but rather the availability of gold?

A gold standard is no better than what we have today. It is just worse in different ways.
I always get a kick out of people who demand that we go back to the gold standard. They forget that we were in the gold standard -- within living memory -- and left it for a reason: Namely, frequent and severe depressions and recessions, far more frequent and severe than what we have experienced since going off the gold standard, including today's recession. Besides, you can also play games with a gold standard. The arbitrage implicit in the Free Silver movement of the 1890s in the US proved that.

There was a reason why William Jennings Bryant gave his "Cross of Gold" speech.

God save us from ignorance, both right- and left-wing, and from His followers, too, please.
 
  


Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Copying files from case-sensitive Linux to case-insensitive Windows via CIFS? SlowCoder Linux - General 4 05-07-2008 07:03 PM
renaming directories from upper case to lower case, help!! linux_teller Linux - Newbie 3 03-07-2008 05:15 AM
mesa-6.x claims to support OpenGL 1.5, but in my case does not in my case. qwijibow Programming 2 11-23-2006 07:14 AM
Why are all my upper case files being shown as lower case?? [Kernel 2.6.9-1.667 FC3] t3gah Fedora 4 03-11-2005 04:09 PM
Reserve IP in DHCP plexus Red Hat 6 03-08-2004 01:20 PM


All times are GMT -5. The time now is 10:01 PM.

Main Menu
My LQ
Write for LQ
LinuxQuestions.org is looking for people interested in writing Editorials, Articles, Reviews, and more. If you'd like to contribute content, let us know.
Main Menu
Syndicate
RSS1  Latest Threads
RSS1  LQ News
Twitter: @linuxquestions
identi.ca: @linuxquestions
Facebook: linuxquestions Google+: linuxquestions
Open Source Consulting | Domain Registration