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<p>[QUOTE="InfleXion, post: 1314411, member: 29012"]Very interesting. So the function is to regulate membership in the good old boys club. Not quite as we are lead to believe. </p><p><br /></p><p>I'm happy to discuss it. The function of money should be regulated by elected officials, and any proceeds should be tax surplus. It's a no brainer. Why some people get to rob the taxpayers instead by having this seat is beyond comprehension. And how about anybody can be a bank if they actually have the money to loan and a business license. If you want to be risky with your own money then go ahead and throw it away by not doing your due diligence. We did do things right in the USA for all of 15 years until Alexander Hamilton introduced the first central bank and fixed the gold/silver ratio which eventually caused the crime of 1873, the demonetization of silver. This put the gold standard into effect instead of bimetalism (Europe was all on board for this too), which allowed Bretton Woods to take place replacing gold with fiat. Without silver in the equation it was a simple bait and switch. I think people are starting to realize what real money is again though. Everybody opens their eyes to a different alarm bell.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1314411, member: 29012"]Very interesting. So the function is to regulate membership in the good old boys club. Not quite as we are lead to believe. I'm happy to discuss it. The function of money should be regulated by elected officials, and any proceeds should be tax surplus. It's a no brainer. Why some people get to rob the taxpayers instead by having this seat is beyond comprehension. And how about anybody can be a bank if they actually have the money to loan and a business license. If you want to be risky with your own money then go ahead and throw it away by not doing your due diligence. We did do things right in the USA for all of 15 years until Alexander Hamilton introduced the first central bank and fixed the gold/silver ratio which eventually caused the crime of 1873, the demonetization of silver. This put the gold standard into effect instead of bimetalism (Europe was all on board for this too), which allowed Bretton Woods to take place replacing gold with fiat. Without silver in the equation it was a simple bait and switch. I think people are starting to realize what real money is again though. Everybody opens their eyes to a different alarm bell.[/QUOTE]
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