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- Political Discussion / Debate
-- The separation of bank and state
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quote:

Originally posted by Krypton Our economy needs a standardized system of money.

Well we've got one and things are just peachy.

You win.

quote:

Originally posted by Capitalizt Well we've got one and things are just peachy. You win.

I have no problem with an alternative currency, and there are already plenty. But there should one standard currency which no business can refuse. If I am being paid in dollars, but my grocery store refuses to take them, I can't buy food can I?

quote:

Originally posted by Capitalizt oh snap! Nice try pk, but come on..I assumed we were all on the same page here. You are trying to take this argument out of context and into a completely different area. We've been having these discussions for a while now and I don't remember EVER going to the never-never-land conspiracy zone of claiming that the fed is a private for-profit organization of bankers intent on world domination. I've known for years that they return every penny of excess reserves to the government, which makes them merely another arm of the federal government in my view.

then go back and answer jerz's question properly.

quote:

Originally posted by Capitalizt As far as their "profits"...If you look at their books they DO INDEED have profits and losses like any other corporation. This can't be denied. They make gains from interest but this isn't the same as a true profit in the private sector which is returned to shareholders via dividends or a rising stock price.

and what does this profit have to do with the fed's "monopoly" over the creation of currency?

quote:

Originally posted by Krypton Who, in there right mind, would even put down venture capital to start a postal service is beyond me.

I agree, but at the same time, Cerberus bought Chrysler....

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