Welcome to 2025, if the Federal reserve had never existed. Here is your life:>The Price of a Steak: $0.50 (and it has been $0.50 for 40 years).>The Dollar:It is not a piece of paper; it is a claim check for 1/20th of an ounce of gold. It has gained purchasing power over the last 100 years as technology made goods cheaper.>Savings:You don't need a 401(k) or a stock broker. You can literally put money under your mattress, and when you take it out 30 years later, it buys more than when you put it in.>The Economy:There is no "financialization" sector. People don't make millions trading derivatives; they make money by building things.>Housing: A house costs roughly 3x the average yearly income (approx $5,000), because the government didn't print cheap money to inflate a housing bubble.>B-but but but the left told me that the US banking system collapsed in the 1930s causing the Great Depression because of no federal reserve printing money! It wasn't because of the Gold Standard. It was because of Unit Banking Laws.The US government had banned banks from opening branches across state lines. If a bank was in Iowa, it only lent to corn farmers. If the corn crop failed, the bank failed. This made the US system incredibly fragile.The Control Group: Canada.Canada had the Gold Standard. Canada allowed nationwide branch banking.US Bank Failures (1930–1933): ~9,000Canadian Bank Failures (1930–1933): 01/2 field too long.
>>5225450792/2Instead of creating the Federal Reserve in 1913 to "backstop" these weak little banks, or confiscating gold in 1933, we simply should have deregulate the banking structure.>Abolish Unit Banking (1913)Allow US banks to branch nationwide immediately. A bank in New York can now have a branch in Texas and California. If the Texas oil industry crashes, the bank is fine because the California tech industry is booming. Diversification makes them bulletproof.>The "Double Liability" Rule:enforce the 19th-century rule where bank shareholders are liable for double the value of their shares if the bank fails. This forces bankers to be paranoid about safety. They don't gamble with depositor money because they will lose their own personal fortunes.>No Central Bank (No Fed):We do not need a Federal Reserve to print money to save banks, because the banks are now strong enough to save themselves. We stay on the classical Gold Standard.The Result: ^^^Because the banking system never collapsed in the 1930s, FDR never had the excuse to confiscate gold. The link between the Dollar and Gold was never broken. Nixon never had to "close the gold window" in 1971 because the US government couldn't print money to fund the Vietnam War, they had to pay in cash/gold, which meant the war ended early or never happened due to government not printing money for itself.
>>522545079But who will build the roads?!?
Holy fuck i have been looking for this rection image thanks kind anon
Also, there are no bailouts for the billionaires the left and the auth-right claims to hate. If GM makes bad cars, GM goes bankrupt on a Tuesday, and Ford buys the factories on Wednesday. That simple.
>>522545079reddit spacing from a gay russian retard who's entire life revolves around defending every moronic decision that orange nigger has made because it hurts america
>>522545398>Account based in : xy foreign shithole
>...
Gold is and always the "jews" monopoly. Silver would be a better alternative, faggot. >Has never heard of the Goldsmithshttps://www.youtube.com/watch?v=AOk3wBuQNcE
