
Originally Posted by
Phoenix
The Federal Reserve doesn't need to give in, it needs to be abolished completely. Its monopoly on money has sealed the fate of the US to have more debt than money at any given time, and an exponentially growing debt with every bit of money it gets from the Federal Reserve. The idea of "legal tender" that we have in this nation is ridiculous. Regardless of what the world market might think, our paper money is 100% WORTHLESS. The Federal Reserve MADE SURE OF THAT when they abolished the gold and silver standard. I would know at least about the silver standard; my family still has a few silver certificates. At that point, the value of the dollar was based on gold and silver. Whether or not these are precious metals or simple rocks is to one's own opinion, but at least the value was based on SOMETHING. Heck, in the early days of the ROT, paper money was based on land.