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Poll: How would you reform the monetary system?

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Best reform(s) for the banking/monetary system

  • No Central Bank

  • no governmental currency

  • National Full Reserve law

  • reinstatement of the Glass-Stegall act

  • Put pressure on china

  • governmental gold standard

  • it's fine how it is

  • balanced budget, even if it means huge tax increase

  • other


Results are only viewable after voting.

piasabird

Lifer
Feb 6, 2002
17,168
60
91
If we dont have money we just quit spending.

The only way to have a full reserve spending, would be to use gold and silver coins. However, I would hate to drag around a chest of gold. There is not enough gold on the earth.
 

Schadenfroh

Elite Member
Mar 8, 2003
38,416
4
0
Balanced budget first

Going to catch hell for the following...
Also, we need to form a shared central bank with Canada. Our countries have grown so close that we should have the same currency. Not to mention, we share a massive (basically open) border with them. Since they are so interconnected with us, if something terrible happens to either of us, it will impact both of us regardless of a common central bank.

Although, there will be no pictures of The Queen on the currency.
 

sandorski

No Lifer
Oct 10, 1999
68,377
3,501
126
Balanced budget first

Going to catch hell for the following...
Also, we need to form a shared central bank with Canada. Our countries have grown so close that we should have the same currency. Not to mention, we share a massive (basically open) border with them. Since they are so interconnected with us, if something terrible happens to either of us, it will impact both of us regardless of a common central bank.

Although, there will be no pictures of The Queen on the currency.
No thanks.
 

cubeless

Diamond Member
Sep 17, 2001
4,295
1
81
Balanced budget first

Going to catch hell for the following...
Also, we need to form a shared central bank with Canada. Our countries have grown so close that we should have the same currency. Not to mention, we share a massive (basically open) border with them. Since they are so interconnected with us, if something terrible happens to either of us, it will impact both of us regardless of a common central bank.

Although, there will be no pictures of The Queen on the currency.
you mean barney frank isn't going to be on the new $20?
 

heyheybooboo

Diamond Member
Jun 29, 2007
6,278
0
0
Balanced budget first

Going to catch hell for the following...
Also, we need to form a shared central bank with Canada. Our countries have grown so close that we should have the same currency. Not to mention, we share a massive (basically open) border with them. Since they are so interconnected with us, if something terrible happens to either of us, it will impact both of us regardless of a common central bank.

Although, there will be no pictures of The Queen on the currency.
No thanks.
Even if the pictures are of a young, hot Queen? :D


I'm not seeing any detriment to forming a common central bank between the Bank of Canada and the Fed --- other than consolidating any discrepancies from a legal framework.

One thing is for sure -- bank holding companies in the US should no longer be allowed to function as investment banks (No way will Canada go along with that) and US banks would probably wail about the strict leverage ratios in Canada that we should be forced to adopt.





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