# Why Trump should End the Fed on Day One
**URL:** https://scanalyst.fourmilab.ch/t/why-trump-should-end-the-fed-on-day-one/4899
**Category:** Context
**Tags:** economics, von-mises
**Created:** [20 September 2024 13:08 UTC](https://scanalyst.fourmilab.ch/t/why-trump-should-end-the-fed-on-day-one/4899 "2024-09-20T13:08:33Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@ra\_montesano](https://scanalyst.fourmilab.ch/u/ra_montesano)
#### Post date: [20 September 2024 13:08 UTC](https://scanalyst.fourmilab.ch/t/why-trump-should-end-the-fed-on-day-one/4899/1 "2024-09-20T13:08:33Z")
By printing too much money, the federal reserve has created a highly inflationary environment, devaluing the labor wages of all worldwide.
The fed could be replace with a simple rule:
$1 = \_\_\_\_ oz. gold
or \_\_\_\_\_\_ kW of Energy
or \_\_\_\_ minutes of average American worker,
etc. etc. etc.
Also possible state currencies, and fed chooses a averages basket of states currencies to come up with value of United States Dollar. In an information age, how hard would it be to convert from a Texas Buck $TXB, to a New York Weenie $NYW ???
And there are many other better options than the system United States has as of this writing in 2024.
So many choices to stabilize our currency, BUT BECAUSE WE HAVE A CRIMINAL ORGANIZATION RUNNING AMERICA TOO MUCH MONEY IS PRINTED CHASING TOO FEW RESOURCES.
America’s reformed currency should honor God, and all that is good in the universe.
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### Author:  [@Enon](https://scanalyst.fourmilab.ch/u/Enon)
#### Post date: [26 September 2024 01:00 UTC](https://scanalyst.fourmilab.ch/t/why-trump-should-end-the-fed-on-day-one/4899/2 "2024-09-26T01:00:46Z")
The Federal Reserve is not federally owned, it is 13 different corporations each owned by their member banks. Effectively, they have neither the responsibilities of government agencies, such as having to respond to freedom of information act requests, nor, in most cases, the liability of private entities. However, in the specific case of the Federal Reserve Bank of Atlanta, they may be subject to the Georgia state RICO act, which is unusually broad:
`“Enterprise” means any person, sole proprietorship, partnership, corporation, business trust, union chartered under the laws of this state, or other legal entity; or any unchartered union, association, or group of individuals associated in fact although not a legal entity; and it includes illicit as well as licit enterprises and governmental as well as other entities.`
(OCGA 16-14-3(3.))