Message:

<p>[QUOTE=&quot;fatima, post: 890631, member: 22143&quot;]The head of the Federal Reserve is directly appointed by the President and confirmed by the senate.&nbsp;&nbsp; However, and more importantly, the Federal Reserve is nothing more than a creation of the US Congress and can legislated out of out of existence should they desire to do so.&nbsp; In the place of Federal Reserve notes are the mechanisms for the Treasury to issue US Bank notes as they did until 1971 and/or silver or gold certificates should they decide to go there.&nbsp;&nbsp; </p><p><br /></p><p>The IMF is 20% funded by the US government and the US government has veto powers over anything it does.&nbsp;&nbsp; The US President can essentially dissolve the BIS whenever he chooses.&nbsp; &nbsp; &nbsp; None of these will dictate a world currency as they don&#039;t really have any real power that can&#039;t be legislated right out of existence.</p><p><br /></p><p>Basically the reason they exist is to let politicians spend money and then push off the obligations to future generations.&nbsp;&nbsp; For most countries there are limits to it but in the case of the $, they won&#039;t go there.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in