You often respond to my comments with a flippant attitude about the private Federal Reserve System. I ask that you explain to everyone on this board why the private Federal Reserve System is good for America. Please address the devaluation of the dollar by 98% since the implementation of the Fed, and your thoughts on the various bubbles caused by fractional reserve banking and the various derivatives that have been created in the past few decades.
I’m very interested in hearing what you say — not in an argumentative way, per se, just to get another opinion on the subject at hand.
Also, please discuss the 10s of billions of dollars worth of toxic debt that is being purchased by the Fed every MONTH (making the Sequester look like Peanuts, which it is).