Listen, I am also an advocate of the Austrian-School of Economics which emphasizes free-market principles and supports as little government regulation in the economy as possible. Trust me, I wish the FED didnât exist. I just disagree with your notion that America is going to collapse just because the current system is failing. What was most ridiculous was your assertion that we are bound to be invaded. What basis is that from? Do you not realize that we are the worldâs only remaining superpower. Do you know how advanced our military is in comparison to other countries? It was an absurd post mainly for that invasion agreement.
I understand youâre frustration with the current system, but we shouldnât expect a total collapse for that reason. Most other countries also have a federal reserve system. Furthermore, if America collapsed, it would affect the entire world. We live in a global economy. Few would prosper from a failing U.S. Who do you think would buy all those cheap products from China and India?
Although the state of the economy looks horrible today, I think that we will recover. History repeats itself. Just because the FED exists doesnât mean its going to bankrupt the economy with its monetary policies. There will just be a point where they will stop adjusting the monetary supply and let the free market work. The Fed has also existed for nearly a century and our economy has recovered from equally bad situations.
Be more optimistic. If people like you ran the government, your panic will just cause a run on banks and so forth. Stop predicting outrageous claims. If you think America wonât recover, why donât you just buy some gold and keep it under your bed. You actually remind me of those people that bought cans of food and stocked up in preparation for what they perceived the millennium bug where the computers wouldnât handle the change to year 2000.
