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I propose an ending of FRL because …………when banking was free (before 1913)……….banks used to held 40% to 60% of reserves. It was the cartel of 1913 that made 10% reserve banking possible. It is of course, much harder today to go to 100% reserves than it was in 1912.

I dont want him for president. Too libertarian for that. But as secretary of the treasury he would do a hell of a job.

GOLD WONT COME BACK WHY??? He who has the gold makes the rules. Do not crucify humanity in a cross of gold.

You did mentioned something very interesting about the colonials using their own currency attached to the real economic output. In fact, the real cause of the revolution was the outlaw of this banking practice by London. FRL as we know today is fraudulent. I just can’t see why people...

Trust me I am.

He is always right about the economy. But all he does is say no to anything govt does. Too libertarian!!!!!!!!!

Are yo sure?? So........ allow me to conclude ...............FRL was discovered and invented by the "caveman"

I do not think a lot of you here understand how FRL lending works and its difference from banking. BANKING is not FRL FRL: Banks lend the people their own money and make profit out of nothing. Specially when given counterfeiting privileges like our "Federal Reserve System" Without FRL...

Real wealth is never destroyed my friend. Its nominal value could change of course, but it will just be transferred.

Dont know who did it.........but it was planned. I became aware in 2006. Sometimes I question if those in congress have taken eco 101. Maybe not...............I guess bernanke gave them fed 101.

Also, no wealth has been destroyed. It has been transferred.

Correct me If I missed anything above.

this is just a socialism of the capitalist. Where you are guaranteed a royal place in the market.

What is money then??? I assure banks have their own kind of money. NOt the one we use.

Stimulus will fail to stimulate the economy. It will make effect in 16 to 24 months from now. It does not aim at the real problem "housing market". Doom to failure.

To keep this short and to avoid tiring you I will get to the point. There is a huge gap (asset inflation) between the real and finance economy. Commodities such as Gold and oil in relationship with CDS, derivatives, MBS and others can give us the real state of the economy. ITS VERY...

No for long................the question is what will happen when china is not longer able to finance its own exports via us debt?? It wont be good.

Sooner or later the Federal budget will have to be balanced; it has already reached unsustainable levels, and unsustainable growth levels. The trade deficit financed by in part by the Federal deficit and by artificial expansion of credit……………is to be finished. The dollar has been...

YOU CANT PRINT (MONEY) YOUR WAY OUT OF A RECESSION. I wonder what schools did these guys went to.

1. In today's system money is created by debt. Federal Reserve Notes belong to the Fed and they only LEND it out. To the govt, to you and me. In a non FRL system when money is created by govt or other institutions, they do so no by debt, but backed by something............we used to use gold...