Originally Posted by peacepipe
I will say this the federal reserve act of 1913 which established the fed needs to be repealed & replaced with a more transparent fed,one that has to submit itself to audits. I'm not for abolishing the fed outright.
The reason the Fed refuse a audit -- is because they know better than anyone that if the people learned the truth -- how corrupt they are -- there would be a public outcry unlike anything we have ever seen - of people demanding the abolition of the central bank.
In short -- there is no way to reform the Fed. Of course we need banks -- but we should adopt a different model.
Look at N Dakota -- which is prospering - no depression and high employment. N Dakota has a state bank with a different kind of charter. This is what we need -- state banks -- with a charter to look after the needs of the people who live in the state -- not the .05 %