SnowDog wrote:
> Q: How would you go about abolishing the Federal Reserve? Almost all USD in
> circulation are debts to the Federal Reserve. How would you replace this
> debt-backed currency with an other type?
>
> SnowDog
SnowDog wrote:
> Q: How would you go about abolishing the Federal Reserve? Almost all USD in
> circulation are debts to the Federal Reserve. How would you replace this
> debt-backed currency with an other type?
Read 'Breaking The Banks: Central Banking Problems and Free
Banking Solutions' - by Richard Salsman
Introduction
I. The Importance of Sound Banking
II. Standard Measures of Commercial Bank Stability
III. The Theory of The Effects of Central Banking On The
Financial Condition of The Commercial Banking System
IV. The Historical Record of Central Banking In The United
States: Weakening The Commercial Banking Industry
V. The Theory of The Effects Of Free Banking On The Commercial
Banking Industry
VI. The Historical Record Of Free Banking In The United States:
Strengthening The Commercial Banking Industry
VII. Alternative Views Of Banking Instability: Deregulation,
Management Incompetence, And Fraud.
VIII.The Basic Purposes of Central Banking
IX. Money And Banking Reform: The Transition From Central Banking
To Free Banking
The Federal Reserve
Capital Adequacy Regulations
Deposit Insurance
Regulation
Transition to Free Banking
1. Permit Free Banking
2. Allow Unrestricted Mergers and Acquisitions
3. Phase Out Government Deposit Insurance
4. Permit Private Bank Notes
5. Permit Gold-Based Banking
6. Repeal Legal Tender Laws
7. Discontinue Open-Market Operations
8. Close the Discount Window
9. Privatize the Federal Reserve System
The Current Central Banking Structure
The Transition to Free Banking
Conclusion
Bibliography p. 143-171
Buy here:
http://www.aier.org/fundpubs.html
USD 12.00
Salsman used to be a practising New York banker.
He's now in business for himself:
http://www.intermarketforecasting.com/
bob
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