Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Should We Abolish The FED?

Not only is it a private corporation, it enjoys a monopoly, which is enforced by law. it is nothing more than legalized counterfeiting operation, and is the number one source of grief for many of the people of the world for almost 100 years.

Update:

"It is not our own citizens only who are to receive the bounty of our Government. More than eight millions of the stock of this bank are held by foreigners.... Is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? ...."

"Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence .... would be more formidable and dangerous than a military power of the enemy."

"If [government] would confine itself to equal protection, and, as Heaven does its rains, shower its favor alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me, there seems to be a wide and unnecessary departure from these just principles."

-- Andrew Jackson - regarding the second bank of the U.S

6 Answers

Relevance
  • Anonymous
    1 decade ago
    Favorite Answer

    Are you a complete idiot or what?

    Should we get rid of the White House? Did you know that its owned by a Russian mutual fund? I saw it on youtube, it must be true?

  • 1 decade ago

    We can't. It's a system that feeds into itself. Every time money is printed, it is borrowed by the government with interest. So to pay back the debt owed to the fed, would require the fed to print more money, thus continuing to increase the debt owed to the fed.

    Never should've left the gold/silver standard.

  • 1 decade ago

    Yes all we have to do is write a check for 500 billion federal reserve dollars and dissolve it .

  • Anonymous
    1 decade ago

    Yes - the constitution gives us the way our money should be made and managed - and it is time to return to what made us great in the first place.

  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    Yes, I think it is time to get rid of them.

  • 1 decade ago

    YES!!!

    When bankers have more authority over our elected officials...they need to be booted!!

    Source(s): "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their father conquered.” -Thomas Jefferson
Still have questions? Get your answers by asking now.