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No problem! This strategy certainly worked well in Iraq...

I apologize to the OP for my part in taking this thread WAY off topic, by the way.

I will refer you to this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=196333&perpage=6&pagenumber=1 Where you are posting under multiple user names. In any case, troll, you are now on ignore so don't bother responding to me.

People like Fatty and Nemo need something to blame their misfortunes on. The Fed is an easy target for them. If only they knew something about the subject they could save themselves some embarrasment.

LOL you think I'm going to sit here and outline the benefits of central banks to you? You want me to spoon feed you an education? Do your own research, lazy prick. You don't know the first thing about the subjects you are making comments about. I am done with your nonsense, Fatty.

You're a Jew hating troll, that's why I am ignoring you. You just registered to ET, which tells me you likely have many prior aliases. Not to mention you're taking the debate in another direction by talking about Fed audits. Go find someone else to troll, troll.

I am defending central banks and the fractional reserve banking system as being the best alternative (of which the Fed is a part of). I have no idea why you think I am defending corruption.

You do not know very much about history or economics so I'll help you out: There were boom and bust cycles before fractional reserve banking was introduced.

You've made two actual points this whole time: 1. Fed is bad because savers don't make a large enough return given low interest rates 2. Fractional reserve banking causes bank runs. My manual tells me to stop responding to worthless comments on anonymous message boards, but...

Your inability to respond to my post proves your ignorance on the subject. Again, thanks the for entertainment at least.

Which historical fact is it that I'm ignoring? By "organizations like the Federal Reserve" do you mean central banks? Or are you referring to something more conspiracy theory-like?

When you graduate from high school and get a real education, then you'll be able to see how utterly wrong you are.

So now your problem is with fractional reserve banking? Should we go back to buying our groceries with gold coins too? The pitfall of fractional reserve banking is if the bank experiences a bank run. The Fed is able to stop this from happening. Therefore, the pitfall of fractional reserve...

God will not allow harm to come to GS :D

Indeed. Abolish the Fed to rid America of all of its problems. I wonder why nobody else has thought of this?

Again, Mr. Neo-Con, I do not consider myself leftist. I am Canadian and a supporter of the Conservative government (nothing like the Republican government in the USA, by the way, thank god).

Ugh, see this is what I mean by ignorant. Do you have any idea of the functions of a central bank? Why are you singleing out the Fed in your hatred? Most countries have central banks that operate very similarly to the Fed. What do you think would have happened to the economy had all of...

It's hard to have a debate when one side of the argument is too ignorant on the subject to provide an intelligent argument. In any case, I'm done wasting my time. Thanks for the morning entertainment.

Didn't ask for your current open positions, but thanks. Good luck to you in your trading, I suspect you will need it. Oh, I don't have a leg to stand on? Oh, OK. Thanks for not being rude.

Leftist eater? I don't consider myself a leftist, nor someone who consumes leftists. I simply disagree with ignorant posters who are relentlessly against the big bad Fed. As for putting you on ignore, I choose not to. I need a good laugh every once in a while.