New ‘World Currency’ ?

[bobheck]

I took that pledge too, remember? This doesn't count though. Quasi-pseudo-phantom politics dancing on the edge between conspiracy theory and unsettling reality isn't REAL politics in my books.

Oh COOL, you mean you found a loophole?

 

[skunkape]

The Constitution grants our government the right to issue currency. Send the Federal Reserve, which is a private institution for those less informed, out of town on a rail. Start printing non-interest bearing currency backed by a solid standard. Problem solved. Until then we are all slaves to the banking cartels.
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[CapnG]

Oh COOL, you mean you found a loophole?

There's always one somewhere!

The Constitution grants our government the right to issue currency. Send the Federal Reserve, which is a private institution for those less informed, out of town on a rail. Start printing non-interest bearing currency backed by a solid standard. Problem solved. Until then we are all slaves to the banking cartels.
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You realize that if they did do that roughly 99% of Americans would go bankrupt, not having the financial resiliance necessary to make the transition? Or do you think they can just wave a magic wand and make it all better?

See, the money you have right now isn't worth shit, so if you convert it into money that's actually worth something then the money you have now that's worth shit becomes worthless. That's why they haven't done it. Ron Paul can pound his fist til he gets carpal tunnel, the Fed is never, EVER going away. The systemic shock of removing it would utterly destroy America and the domino effect on other countries would destroy the world. Is that what you want?

 

[Poi]

CapnG said:

See, the money you have right now isn't worth shit, so if you convert it into money that's actually worth something then the money you have now that's worth shit becomes worthless.

That's true. Besides, the world trades in three currencies now anyway, the Yuan, the Euro and the Dollar. They are intricately tied and there's no real need for a new currency. They are basically one.