Through much of the past the US currency was based on the gold standard. For every dollar that was printed an appropriate amount of bullion had to be held in reserve by the government, to back the currency that was printed. Today this standard is no longer in use, and that has made many question the stability and solvency of the financial system and the money that is issues by the country. Recently there have been calls in Congress to audit the Fed, and many believe that the government is basically running a ponzi scheme.
The Federal Reserve has been under much fire for pumping too much money into the country. Not only does this bring down the value of the American dollar, the whole measure of quantitative easing is unsustainable in the long run. There are some concerned members of the board of the Federal Reserve that have released statements that they did not agree with regard to how the Reserve was generally run these days.
The way that the Federal Reserve has been participating in economic activities has also been put under the spotlight recently. It has been pointed out that the Fed goes around buying up assets, which they hope that a series of economic activities would occur after that acquisition in order to stimulate the economy. Their plan has failed yet the same thing is being conducted over and over again. At the end of the day, it would be the taxpayers that would be losing out.
If the general public realizes what is going on there would be widespread panic, and the entire financial system would collapse as the house of cards fell down. Few people outside of economic experts realize what is going on though, and this has allowed the sham to continue in spite of warnings by some that disaster is not far down the road. Inflation is being artificially suppressed and currency is at all time lows right now.
The reputation of the whole nation is at stake here. Various countries have made statements about the abuse of quantitative easing happening on our lands. If all this were to continue, the US dollar would lose all the prestige that it once had. The collapse of the US dollar is a very real threat as never before in US history has the US dollar not been backed up by the bullion. When this finally happens, chaos would inevitably ensue.
The Federal Reserve has been under much fire for pumping too much money into the country. Not only does this bring down the value of the American dollar, the whole measure of quantitative easing is unsustainable in the long run. There are some concerned members of the board of the Federal Reserve that have released statements that they did not agree with regard to how the Reserve was generally run these days.
The way that the Federal Reserve has been participating in economic activities has also been put under the spotlight recently. It has been pointed out that the Fed goes around buying up assets, which they hope that a series of economic activities would occur after that acquisition in order to stimulate the economy. Their plan has failed yet the same thing is being conducted over and over again. At the end of the day, it would be the taxpayers that would be losing out.
If the general public realizes what is going on there would be widespread panic, and the entire financial system would collapse as the house of cards fell down. Few people outside of economic experts realize what is going on though, and this has allowed the sham to continue in spite of warnings by some that disaster is not far down the road. Inflation is being artificially suppressed and currency is at all time lows right now.
The reputation of the whole nation is at stake here. Various countries have made statements about the abuse of quantitative easing happening on our lands. If all this were to continue, the US dollar would lose all the prestige that it once had. The collapse of the US dollar is a very real threat as never before in US history has the US dollar not been backed up by the bullion. When this finally happens, chaos would inevitably ensue.
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