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<p>[QUOTE=&quot;InfleXion, post: 1209871, member: 29012&quot;]Thank you for this most informative post. It appears that all the &quot;End the Fed&quot; talk is a bit misdirected. Though it wouldn&#039;t be a bad thing IMO.&nbsp; </p><p><br /></p><p>Regarding to the other line of discussion about money being debt, I don&#039;t think it&#039;s so important what the definition of debt is as that when you take out a loan from a bank that money is created for the purpose of the transaction. The same is done when a bank takes out a loan from the Federal Reserve. It is not coming from existing savings, so it&#039;s increasing the money supply which devalues all the other dollars (in a free market). This even happens when you use a credit card. This is one major flaw of fractional reserve banking, notwithstanding being able to conjure money from nothing, a skill most anyone would like to have. Loans should come from money earned. Of course under this scenario interest could not be repaid without someone else&#039;s wealth decreasing (which could be, but doesn&#039;t have to be by going into debt) so you could attain the needed funds. That is unless new money is created to account for the interest and placed into circulation, but then there is the issue of who gets to have that free money. I suppose it could go toward government spending, but I wonder whether interest should even exist at all since there is still the issue of devaluation. It seems perfectly logical to me that a loan can come with mandates for how much you must have it paid back by such and such a date, as well as a one-time fee involved to make it attractive to the lender (chosen by the lender based on whatever criteria they like to use, which also promotes more the skilled lenders to profitability as well as widens the market), with no need for interest. The fee would need to be paid from profits, just as the loan came from profits. This would certainly provide strong support for the faster rats instead of the fatter ones, and go a long way in preserving buying power even without a gold standard. Once upon a time usury was not only considered immoral, but was illegal, yet today it is commonplace. Why anyone would expect such practices not to undermine the system is beyond me.&nbsp; </p><p><br /></p><p>[edit]</p><p>I felt obligated to add that some of this information has been obtained from YouTube, and I cannot guarantee 100% accuracy since I am not a banker, and do not fully understand the differences between local, national, and international banking structures. As with all things, doing your own research is important. I expect to be corrected if necessary. :yes: </p><p>[/edit][/QUOTE]</p><p><br /></p>

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