> No I don't think the money should be based on Gold,I think the stability and security of the money is based on the financial condition of the country and its basic economic foundation.
Well, now you're flip-flopping. You can't say you don't like the Federal Reserve System and at the same time say you don't want gold/silver-backed currency. It's kind of one or the other.
Your concerns about the growing deficit are valid. But it's not the Fed that determines how big our deficit is; that's entirely up to the US Congress and POTUS. The Fed can and does respond to the deficit, notably by raising interest rates to keep inflation in check in spite of deficit spending. So we have the situation today where Congress and the administration have chosen to act like drunken sailors and the Fed has little choice but to put a damper on their party with interest rate hikes.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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