Most Popular Choices
Share on Facebook 65 Printer Friendly Page More Sharing
Money-Business-Economics    H3'ed 3/29/15

Should The Federal Reserve Be Nationalized?

Follow Me on Twitter     Message Lance Ciepiela
Become a Fan
  (54 fans)
Poll

Should The Federal Reserve Be Nationalized?

    

Monetary reform nationalizes the Federal Reserve (this name is deceptive so the public would perceive it as a government entity) and retain its use for bank administrative functions
Monetary reform nationalizes the Federal Reserve (this name is deceptive so the public would perceive it as a government entity) and retain its use for bank administrative functions
(Image by globalresearch.ca)
  Details   DMCA

Monetary reform nationalizes the Federal Reserve (this name is deceptive so the public would perceive it as a government entity) and retain its use for bank administrative functions. Fractional reserve lending by private banks would be made illegal, with the US Treasury having sole legal authority to issue new money for the benefit of the American public rather than the benefit of the banking industry. About 30% of the national debt is intra-governmental holdings (47) and ~16% held by the Fed (48); this debt would be cancelled as it becomes a bookkeeping entry with nationalization. Of the publicly-held debt of various parties holding US Securities, the US Treasury would monetize (pay) the debt in proportion to fractional reserves being replaced with full reserves over a period of one to two years to monitor money supply and avoid inflation. This means the US government would create debt-free money to pay the debt as it's due exactly to the extent that private banks' ability to create credit is reduced. The purpose of this is to avoid inflation. Source

No, the Federal Reserve should not be nationalized
Not sure
Yes, the Federal Reserve should be nationalized

        43 votes    View Results and Comments



            Invite Your Friend(s) to Vote: Tell A Friend

 

Share This Poll

You can publish this poll on your blog or website. To embed a poll, just copy the code from this "Embed" box. Once you've copied the code, just paste it into your website or blog to embed it.

Embed: See What It Will Look Like
<script type="text/javascript" src="https://www.opednews.com/populum/poll_api.php?pid=669&layout=default"></script>
Must Read 2   Well Said 2   Valuable 2  
Rate It | View Ratings

Lance Ciepiela Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in


Lance Ciepiela is a retired senior who had an interesting career in government service - a United States Marine Corps (USMC) Vietnam-Era veteran, who became interested in restoring the Constitution after I realized that W Bush had attacked (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
Name
Email
   (Opens new browser window)
 

Tell A Friend