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Investigate the reason why the Federal Reserve Act was enacted...

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10/03/19

17:12

Post #: 37713288
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Originally posted by slay22: ↑

That's my point, fiat system forces growth and inflation by the Fed manipulating the interest rate, tax and money supply at an unnatural rate. The government shouldn't be a player in the free market, they should only be a referee. If there's a crash then there should be no bail outs like in the 1920's. The recession in the 1920's was brutal but swift. If people were running inefficient businesses or people couldn't afford their mortgage they lost it. That's a free market and a healthy market. In the 30's the government tried fixing by intervening but only made things worse.

The best thing would be to let the bubbles burst and not print which would mean defaulting. It would be painful but swift. But we know that won't happen so what's the alternative? Keep going on like this and gold will boom eventually as people realise their money is worthless.

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Investigate the reason why the Federal Reserve Act was enacted in the first place. It was a wild west, with a series of catastrophic crashes.

https://en.wikipedia.org/wiki/Federal_Reserve
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