How to fix the Federal Reserve, fiat money, and fractional reserve banking
Ron Paul, Presidential candidate for the Republican party, wants to do away with the Federal Reserve, fiat currency (meaning money that is backed by nothing), and return to a currency backed by something.
GC, a reader, posted the following reply to a recent article I posted:
I read these comments all the time about the federal reserve system with its extended tentacles worldwide, but NO ONE even the worlds leading economists have come up with an alternate solution
that could be implimented without causing a worldwide collapse of the financial markets.
Read the rest of this article at the gold investment site.
One Response to “How to fix the Federal Reserve, fiat money, and fractional reserve banking”
Paul Nollen Says:
November 25th, 2007 at 12:41 am
Both the AMI (American Monetary Institution) and Huber/Robertson, among others, are proposing a solution.
Paul
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