> 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 - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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