gold, page-29547

You're a socialist alright, you despise anyone who's made money and you particularly despise big companies as hijacking the monetary agenda.

How long have you been predicting the crash to end all crashes on HC? Years. LOL

In fact central banks were invented because of crippling booms and busts but you haven't worked that out yet, the Federal Reserve was enacted because of a series of out-of-control manias , you're not a student of history.

If there wasn't central banks it'd be worse than the wild west. The notion that gold has some role to play has been relegated to the annals of history and is reinvented by cranks like Mike Maloney and Jim Rickards who've been duping suckers for years, but they haven't realised it yet.


The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act in response to a series of financial panics (particularly the panic of 1907) that showed the need for central control of the monetary system if crises are to be avoided. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s led to the expansion of the roles and responsibilities of the Federal Reserve System.