General Question

Drgrafenbergmd's avatar

Shouldn't someone just sue the crap out of the Fed?

Asked by Drgrafenbergmd (387points) February 11th, 2010

Since the Federal Reserve isn’t a government agency, why aren’t they ever taken then to court for their criminals acts or misdeeds. It seems that the people have a pretty strong case against them, and furthermore I would be surprised if that beast known as the *American legislative system*couldn’t be brought to bear on them (booyah).

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6 Answers

ETpro's avatar

Make your case. What would you sue them for?

Drgrafenbergmd's avatar

I just mean in general! Are they above the law to the point that they can control our money without audit or inquiry? With their control of the perfered world currency combined with the predictibilty of man, I can as of yet only alludes to their misdeeds, which I will begin to do presently. Meanwhile may I ask in return how one could possibly not suspect elitist control on the financial system?

The_Idler's avatar

“With their control of the perfered world currency combined with the predictibilty of man, I can as of yet only alludes to their misdeeds, which I will begin to do presently.”

—What?

Drgrafenbergmd's avatar

@The_Idler im saying bro, wat wood you do if you had control of the werld money?

ETpro's avatar

@Drgrafenbergmd That’s probably why they don’t put me in control of the world money supply. I’d probably just keep most of it for myself, just in case of a rainy day.

I am completely unsold on the idea that we should just dismantle the Fed and let our currency run itself. My experience with things driving themselves safely without human hands involved has been consistent—it is always a total disaster. Most other nations have a Goverment controlled central bank. With the conservatism of the USA today, I don’t think you could sell that. I think the best you can reasonably hope for is more transparency on the part of the Fed.

I don’t believe the Fed engineered the economic crisis intentionally. The Chicage school of Economics, influenced by Milton Friedman, held great sway over economic theory in the US for the last 40 years. The few realists who criticized the Merket Perfection Theory were shut out of the process. Regulations in place since the great depression were rejected as unnecessary and actually harmful. The economists at the Fed actually denied there could even be a real estate bubble because Market Perfection says the market always gets the value right. So much for that panoramic theory. But I really think that when the wheels began to fall off the economy back in 2006, Alan Greenspan and Ben Bernanke and the others were totally shocked that their magic potion wasn’t working any more.

Steve_A's avatar

Can I?

If so how much could I get?

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