Citigroup Inc (C)

[samaelrocks]

No problem. I looked that up when some family of mine took Alex Jone's prisonplanet scare article for fact. I get aggravated that the same people who correctly think the Fed is an extremely powerful entity also think it will somehow fail due to losing the power to print money. We left the gold standard so that our economy could be dynamic enough in a global economy. Even Milton Friedman said this:

Forget banks failing or running out of cash. Fear inflation! But could you imagine if we never left the gold standard while everyone else moved to central banking techniques? $1 would = 1,000 Euros, 1,000,000 pesos, etc. We would never be able to export a single product.