The Federal Reserve does something Bold!

dukeanthony

dukeanthony

New Member
NoDrama said:
So you have no point to make, just baiting an argument. Do you ever get tired of having nothing of substance to say?
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No serious Question
Ron Paul wants to go to the gold standard
name a Country that is on the Gold standard
There must be a success story out there some place
 
dukeanthony

dukeanthony

New Member
beardo said:
The USA under the Brenton Woods agreement
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Had to Google it never heard of it So here ya go

The Bretton Woods system of monetary management established the rules for commercial and financial relations among the world's major industrial states in the mid 20th century. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent nation-states.
Preparing to rebuild the international economic system as World War II was still raging, 730 delegates from all 44 Allied nations gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire, United States, for the United Nations Monetary and Financial Conference. The delegates deliberated upon and signed the Bretton Woods Agreements during the first three weeks of July 1944.
Setting up a system of rules, institutions, and procedures to regulate the international monetary system, the planners at Bretton Woods established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which today is part of the World Bank Group. These organizations became operational in 1945 after a sufficient number of countries had ratified the agreement.
The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained the exchange rate by tying its currency to the U.S. dollar and the ability of the IMF to bridge temporary imbalances of payments.
On August 15, 1971, the United States unilaterally terminated convertibility of the dollar to gold. As a result, "[t]he Bretton Woods system officially ended and the dollar became fully 'fiat currency,' backed by nothing but the promise of the federal government."[1] This action, referred to as the Nixon shock, created the situation in which the United States dollar became the sole backing of currencies and a reserve currency for the member states
 
hazyintentions

hazyintentions

Well-Known Member
dukeanthony said:
Had to Google it never heard of it So here ya go

The Bretton Woods system of monetary management established the rules for commercial and financial relations among the world's major industrial states in the mid 20th century. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent nation-states.
Preparing to rebuild the international economic system as World War II was still raging, 730 delegates from all 44 Allied nations gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire, United States, for the United Nations Monetary and Financial Conference. The delegates deliberated upon and signed the Bretton Woods Agreements during the first three weeks of July 1944.
Setting up a system of rules, institutions, and procedures to regulate the international monetary system, the planners at Bretton Woods established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which today is part of the World Bank Group. These organizations became operational in 1945 after a sufficient number of countries had ratified the agreement.
The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained the exchange rate by tying its currency to the U.S. dollar and the ability of the IMF to bridge temporary imbalances of payments.
On August 15, 1971, the United States unilaterally terminated convertibility of the dollar to gold. As a result, "[t]he Bretton Woods system officially ended and the dollar became fully 'fiat currency,' backed by nothing but the promise of the federal government."[1] This action, referred to as the Nixon shock, created the situation in which the United States dollar became the sole backing of currencies and a reserve currency for the member states
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True story, USA back in the day. Gosh things sure sucked back then.
 
beardo

beardo

Well-Known Member
dukeanthony said:
On August 15, 1971, the United States unilaterally terminated convertibility of the dollar to gold. As a result, "[t]he Bretton Woods system officially ended and the dollar became fully 'fiat currency,' backed by nothing but the promise of the federal government."[1] This action, referred to as the Nixon shock, created the situation in which the United States dollar became the sole backing of currencies and a reserve currency for the member states
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And it's been all down hill and picking up steam ever since brenton woods ended, it has been making things worse for U.S. citizens ever since we ended the Gold standard. When they got rid of Kennedy and stopped printing United States Notes as currency and they took all of the Silver out of the 'Money" it was a huge blow to the working man- we have yet to see the full effect and consequenses of all of this, it is on going.
 
dukeanthony

dukeanthony

New Member
beardo said:
And it's been all down hill and picking up steam ever since brenton woods ended, it has been making things worse for U.S. citizens ever since we ended the Gold standard. When they got rid of Kennedy and stopped printing United States Notes as currency and they took all of the Silver out of the 'Money" it was a huge blow to the working man- we have yet to see the full effect and consequenses of all of this, it is on going.
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Nothing to do with manufacturing picking up in Asia, Outsourcing of jobs banks Creating bubbles that burst and the Upward travel of wealth from the middle class since Reagan?
 
beardo

beardo

Well-Known Member
dukeanthony said:
Nothing to do with manufacturing picking up in Asia, Outsourcing of jobs banks Creating bubbles that burst and the Upward travel of wealth from the middle class since Reagan?
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I believe these are symptoms of the problem and are all interconnected- It is an intentional dismanteling of our country.
Q-Is it even legal for a office holding Politician to attend a Bilderberg meeting?
A- No.
[youtube]3jmzWi_nhQg[/youtube]
 
hazyintentions

hazyintentions

Well-Known Member
dukeanthony said:
it was our glory days for sure

We should help destroy 80% of the worlds industrial might so we can be a manufacturing powerhouse again

....right?
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What are you talking about? American companies should come back to America to put Americans back to work, what is with this pussified idea that other countries need our companies to keep them afloat, fuck that, we're sinking man, look around you.
 
dukeanthony

dukeanthony

New Member
hazyintentions said:
What are you talking about? American companies should come back to America to put Americans back to work, what is with this pussified idea that other countries need our companies to keep them afloat, fuck that, we're sinking man, look around you.
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yeah but back then when we were an economic manufacturing powerhouse

Unions and the Middle Class were a lot stronger
Unions are bad and communist
 
UncleBuck

UncleBuck

Well-Known Member
hazyintentions said:
So one country of all the many countries with a central bank managed to keep it's head over the water, and a private central bank is still a good thing?

Statistically I would have to disagree if that's all I'm getting to work with.
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that was just a current example.

what percentage of the most dominant nations on the planet do not have a central bank?
 
beardo

beardo

Well-Known Member
dukeanthony said:
yeah but back then when we were an economic manufacturing powerhouse

Unions and the Middle Class were a lot stronger
Unions are bad and communist
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All those 'Free Trade' and most favored nation deals we did really hurt us, I don't think building the Panama Canal for China helped us either.
 
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