South Carolina wants separate currency for state

[jpinpb]

I just think the Constitution back in 1789 was not considering the Federal Reserve intervening and/or taking control of monetary policy. I don’t think all that is factored into the Constitution. It’s a game changer, imo.

[Rich Toscano]

Sorry greekfire, I have added you to the spam blocker whitelist. I’ve tried to add all active posters but over time some have slipped through, so I add them piecemeal when I find them — I guess you were one of them! But you are good to go now.

[Rich Toscano]

Sorry greekfire, I have added you to the spam blocker whitelist. I’ve tried to add all active posters but over time some have slipped through, so I add them piecemeal when I find them — I guess you were one of them! But you are good to go now.

[Rich Toscano]

Sorry greekfire, I have added you to the spam blocker whitelist. I’ve tried to add all active posters but over time some have slipped through, so I add them piecemeal when I find them — I guess you were one of them! But you are good to go now.

[Rich Toscano]

Sorry greekfire, I have added you to the spam blocker whitelist. I’ve tried to add all active posters but over time some have slipped through, so I add them piecemeal when I find them — I guess you were one of them! But you are good to go now.

[Rich Toscano]

Sorry greekfire, I have added you to the spam blocker whitelist. I’ve tried to add all active posters but over time some have slipped through, so I add them piecemeal when I find them — I guess you were one of them! But you are good to go now.

[greekfire]

@Eugene: Yes, there were some issues then with countless currencies cropping up. However, paper money has existed for a long time, well before the Constitution was ratified in 1788. http://en.wikipedia.org/wiki/Early_American_currency

We also used the Spanish Dollar (aka pieces of 8) here in the US well into the 1800’s. It was used to transact with the German thaler, which was the basis of our dollar (pronouncing thaler sounds like dollar). http://en.wikipedia.org/wiki/Spanish_dollar

I digress…I understand the supposed benefits of having a central bank like the Fed. However, giving power to a small group of elite to control a currency is just asking for trouble.

The Fed is the 4th iteration of a central bank here in the US. Like the 3 others before it, I think the current central bank is due to be disbanded at some point. The people in this country used to have a healthy suspicion of banks. I think we’ve been a bit drunk from our prosperity since WWII. Now that times are tougher more people are starting to follow the money trail.

@Rich: Totally my fault on the black listing. I was having trouble trying to selectively quote portions of Eugene’s post. I’ll figure it out at some point.

[greekfire]

@Eugene: Yes, there were some issues then with countless currencies cropping up. However, paper money has existed for a long time, well before the Constitution was ratified in 1788. http://en.wikipedia.org/wiki/Early_American_currency

We also used the Spanish Dollar (aka pieces of 8) here in the US well into the 1800’s. It was used to transact with the German thaler, which was the basis of our dollar (pronouncing thaler sounds like dollar). http://en.wikipedia.org/wiki/Spanish_dollar

I digress…I understand the supposed benefits of having a central bank like the Fed. However, giving power to a small group of elite to control a currency is just asking for trouble.

The Fed is the 4th iteration of a central bank here in the US. Like the 3 others before it, I think the current central bank is due to be disbanded at some point. The people in this country used to have a healthy suspicion of banks. I think we’ve been a bit drunk from our prosperity since WWII. Now that times are tougher more people are starting to follow the money trail.

@Rich: Totally my fault on the black listing. I was having trouble trying to selectively quote portions of Eugene’s post. I’ll figure it out at some point.

[greekfire]

@Eugene: Yes, there were some issues then with countless currencies cropping up. However, paper money has existed for a long time, well before the Constitution was ratified in 1788. http://en.wikipedia.org/wiki/Early_American_currency

We also used the Spanish Dollar (aka pieces of 8) here in the US well into the 1800’s. It was used to transact with the German thaler, which was the basis of our dollar (pronouncing thaler sounds like dollar). http://en.wikipedia.org/wiki/Spanish_dollar

I digress…I understand the supposed benefits of having a central bank like the Fed. However, giving power to a small group of elite to control a currency is just asking for trouble.

The Fed is the 4th iteration of a central bank here in the US. Like the 3 others before it, I think the current central bank is due to be disbanded at some point. The people in this country used to have a healthy suspicion of banks. I think we’ve been a bit drunk from our prosperity since WWII. Now that times are tougher more people are starting to follow the money trail.

@Rich: Totally my fault on the black listing. I was having trouble trying to selectively quote portions of Eugene’s post. I’ll figure it out at some point.

[greekfire]

@Eugene: Yes, there were some issues then with countless currencies cropping up. However, paper money has existed for a long time, well before the Constitution was ratified in 1788. http://en.wikipedia.org/wiki/Early_American_currency

We also used the Spanish Dollar (aka pieces of 8) here in the US well into the 1800’s. It was used to transact with the German thaler, which was the basis of our dollar (pronouncing thaler sounds like dollar). http://en.wikipedia.org/wiki/Spanish_dollar

I digress…I understand the supposed benefits of having a central bank like the Fed. However, giving power to a small group of elite to control a currency is just asking for trouble.

The Fed is the 4th iteration of a central bank here in the US. Like the 3 others before it, I think the current central bank is due to be disbanded at some point. The people in this country used to have a healthy suspicion of banks. I think we’ve been a bit drunk from our prosperity since WWII. Now that times are tougher more people are starting to follow the money trail.

@Rich: Totally my fault on the black listing. I was having trouble trying to selectively quote portions of Eugene’s post. I’ll figure it out at some point.

[greekfire]

@Eugene: Yes, there were some issues then with countless currencies cropping up. However, paper money has existed for a long time, well before the Constitution was ratified in 1788. http://en.wikipedia.org/wiki/Early_American_currency

We also used the Spanish Dollar (aka pieces of 8) here in the US well into the 1800’s. It was used to transact with the German thaler, which was the basis of our dollar (pronouncing thaler sounds like dollar). http://en.wikipedia.org/wiki/Spanish_dollar

I digress…I understand the supposed benefits of having a central bank like the Fed. However, giving power to a small group of elite to control a currency is just asking for trouble.

The Fed is the 4th iteration of a central bank here in the US. Like the 3 others before it, I think the current central bank is due to be disbanded at some point. The people in this country used to have a healthy suspicion of banks. I think we’ve been a bit drunk from our prosperity since WWII. Now that times are tougher more people are starting to follow the money trail.

@Rich: Totally my fault on the black listing. I was having trouble trying to selectively quote portions of Eugene’s post. I’ll figure it out at some point.

[greekfire]

[quote=jpinpb]I just think the Constitution back in 1789 was not considering the Federal Reserve intervening and/or taking control of monetary policy. I don’t think all that is factored into the Constitution. It’s a game changer, imo.[/quote]

I think you’re right JP. The Founders were very well aware of the dangers of giving banks the power to control the issue of a currency. Here’s the famous quote about banks by Thomas Jefferson:

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” http://wiki.monticello.org/mediawiki/index.php/Private_Banks_%28Quotation%29

I think that’s exactly what we’re seeing today. First inflation, then deflation – aka the business cycle. With each cycle the banks and corporations that have grown up around them tighten their grip, like a boa constrictor. This isn’t a perfect analogy, but you get the point. Don’t get me wrong, I love capitalism, just not crony capitalism.

[greekfire]

[quote=jpinpb]I just think the Constitution back in 1789 was not considering the Federal Reserve intervening and/or taking control of monetary policy. I don’t think all that is factored into the Constitution. It’s a game changer, imo.[/quote]

I think you’re right JP. The Founders were very well aware of the dangers of giving banks the power to control the issue of a currency. Here’s the famous quote about banks by Thomas Jefferson:

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” http://wiki.monticello.org/mediawiki/index.php/Private_Banks_%28Quotation%29

I think that’s exactly what we’re seeing today. First inflation, then deflation – aka the business cycle. With each cycle the banks and corporations that have grown up around them tighten their grip, like a boa constrictor. This isn’t a perfect analogy, but you get the point. Don’t get me wrong, I love capitalism, just not crony capitalism.

[greekfire]

[quote=jpinpb]I just think the Constitution back in 1789 was not considering the Federal Reserve intervening and/or taking control of monetary policy. I don’t think all that is factored into the Constitution. It’s a game changer, imo.[/quote]

I think you’re right JP. The Founders were very well aware of the dangers of giving banks the power to control the issue of a currency. Here’s the famous quote about banks by Thomas Jefferson:

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” http://wiki.monticello.org/mediawiki/index.php/Private_Banks_%28Quotation%29

I think that’s exactly what we’re seeing today. First inflation, then deflation – aka the business cycle. With each cycle the banks and corporations that have grown up around them tighten their grip, like a boa constrictor. This isn’t a perfect analogy, but you get the point. Don’t get me wrong, I love capitalism, just not crony capitalism.

[greekfire]

[quote=jpinpb]I just think the Constitution back in 1789 was not considering the Federal Reserve intervening and/or taking control of monetary policy. I don’t think all that is factored into the Constitution. It’s a game changer, imo.[/quote]

I think you’re right JP. The Founders were very well aware of the dangers of giving banks the power to control the issue of a currency. Here’s the famous quote about banks by Thomas Jefferson:

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” http://wiki.monticello.org/mediawiki/index.php/Private_Banks_%28Quotation%29

I think that’s exactly what we’re seeing today. First inflation, then deflation – aka the business cycle. With each cycle the banks and corporations that have grown up around them tighten their grip, like a boa constrictor. This isn’t a perfect analogy, but you get the point. Don’t get me wrong, I love capitalism, just not crony capitalism.

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