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originally posted by: Plotus
Collapse of the monetary system. Fiat money, fractional banking, debt money, all evaporating overnight. In the long run.... good, but a lot of misery for a couple years. For some ruin and death.
My opinion, it will happen in the future, perhaps in decades.
originally posted by: OtherSideOfTheCoin
Hypothetically I think it would be a disaster, would probably cause global economies to collapse overnight, would cause all kinds of crazy economic problems and I think that "they" (whoever you think "they" are) would put a stop to it probably before he could ever do it.
I am thinking something along the lines of J.F.K
originally posted by: bigfatfurrytexan
how would you feel about it?
Something I hope would happen too. But now since all the companies, corporations, stock market, etc, are a growth of the Federal Reserve, to cut it off without lead time, would lead to mass chaos in the streets.
originally posted by: choomsuba
a reply to: bigfatfurrytexan
Abolish the Federal Reserve and reinstate the gold standard for the U.S. dollar. I hope President Trump does this, I think he mentioned something in his campaign about abolishing the fed. To hell with the deep state, Rinos, dems and left wing libs, power to the people through Trump! !
originally posted by: bigfatfurrytexan
After seeing the dust up over the Russian visit, Im left with a question: what if Trump abolished the Fed? How would ATS feel about this?
Russia obviously isn't in the "club" (they don't have a federal reserve, they don't support the petrodollar, etc), and thus finds themselves on the outs. Meanwhile, we have nations like Saudi Arabia who use the federal reserve, have no notion of human rights, and they are our ally. Its obvious who we consider enemies. Libya, Iran, North Korea, Russia...of course we toppled Libya and installed a reserve bank.
It is readily apparent to me that the ire with Trump in Helsinki has more to do with the partnering with a non-club nation (same as NK) than anything else. Even FoxNews is losing their minds over.
So curious...regardless of your viewpoints....if Trump abolishes the fed tomorrow (along with the baggage that goes with it, like having to be allied with Saudi Arabia), how would you feel about it?
Side note: it occurs to me that Trump conducts himself without regard to "the club".