Originally Posted by cykoe6

You seem to have a reasonable grasp of the fact and the issues involved. I disagree slightly with some of your points (I am also no economist) but it seems safe to say that you do not believe the US central bank or monetary system is massive organized fraud or carefully orchestrated conspiracy. Your acknowledgment that it is essentially the same in most fundamental respects to the monetary systems of Europe indicates that you understand that most of the discussions on this subject that take place on GFY are unadulterated nonsense.

In your original post it seemed you were drawing a direct parallel between the Federal Reserve system and the massive organized fraud that was the subject of this thread which is why I objected. There are likely plenty of substantive discussions that could be had regarding various aspects of Fed policy but the ridiculous conspiracy theories and accusations which are commonplace around here regarding the US central bank and monetary policy offer nothing of value to the discussion.