Fiction Book - Need Ideas - What if the Fed never came into being?

Black Flag said:
What's the question?
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I'm wondering what the standard legal procedure was, in the event of the death of a President-Elect, before the ratification of the 20th Amendment. I'm not sure if the party would have to nominate somebody else to run in a Special Election, or if the VP became the de facto President, as happens now.
 
Out of WW1 ? Then maybe the effects from the killer flu would have been less ??
 
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Black Flag said:
Well, let's consider WW1 - which we are still paying for.....

WW1 had the gold standard, and it was heavily inflated by all the war powers to a degree it bankrupted Germany and almost took down the British Empire.

The US as well, even for its short time at war, suffered the inflation of the printing press ... and remember, there was no FRN.

To forestall the post-war economic collapse, the FED artificially lowered interest rates and created the Roaring 20's.... masking the economic disaster of the war.

This came to a head in 29 with the crash.

The cost of the war plus the cost of the boom created the greatest depression in modern history.

In attempt to recover, FDR took the nation off of the gold and substituted the FRN - though unintentional, made paying for WW2 a lot easier.
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Not really , this one is worse using only employment numbers , there were 5 people for every job then , six now ....
 
oyarde said:
Out of WW1 ? Then maybe the effects from the killer flu would have been less ??
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Good point! We lost some great people to that pandemic (Randolph Bourne, for example). Hard to even conceptualize how different history might have turned out without it.
 
Black Flag said:
Well, let's consider WW1 - which we are still paying for.....

WW1 had the gold standard, and it was heavily inflated by all the war powers to a degree it bankrupted Germany and almost took down the British Empire.

The US as well, even for its short time at war, suffered the inflation of the printing press ... and remember, there was no FRN.

To forestall the post-war economic collapse, the FED artificially lowered interest rates and created the Roaring 20's.... masking the economic disaster of the war.

This came to a head in 29 with the crash.

The cost of the war plus the cost of the boom created the greatest depression in modern history.

In attempt to recover, FDR took the nation off of the gold and substituted the FRN - though unintentional, made paying for WW2 a lot easier.
Click to expand...

The WWI inflation led to the crash in 1920. The Fed responded by doing nothing and the government cut spending in half, and by 1922 the economy was roaring again. People don't remember there was a depression in 1920 because the government sponsored history books don't like the solutions that worked to get us out of that depression.

They didn't start ramping up the inflation and lowering interest rates until the mid 20s (for various reasons, read Rothbard's American's Great Depression for some great info), which blew up the bubble that burst in 1929.
 
BuddyRey said:
I'm wondering what the standard legal procedure was, in the event of the death of a President-Elect, before the ratification of the 20th Amendment. I'm not sure if the party would have to nominate somebody else to run in a Special Election, or if the VP became the de facto President, as happens now.
Click to expand...

Oh an easy question! (rolleyes)... LoL
 
The Gold Standard said:
The WWI inflation led to the crash in 1920. The Fed responded by doing nothing and the government cut spending in half, and by 1922 the economy was roaring again. People don't remember there was a depression in 1920 because the government sponsored history books don't like the solutions that worked to get us out of that depression.

They didn't start ramping up the inflation and lowering interest rates until the mid 20s (for various reasons, read Rothbard's American's Great Depression for some great info), which blew up the bubble that burst in 1929.
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Good point about the 20's crash....
 
NoOneButPaul said:
We probably wouldn't have been able to win WW2.

No one wants to think about that but it's probably true, and I only bring it up because it makes for a good fiction story...

A world where America stayed out of WW2.
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Americans, such as Prescott Bush, supported Hitler's rise to power, financially. If they had been stopped, well, things would have been a whole lot different. You are assuming WWII would still have happened. It might not have.

Shorty Dawkins
 
Travlyr said:
Liberty would be enjoyed everywhere.


https://www.youtube.com/watch?v=pnDjmNNC9So&feature=related
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your view of "liberty being enjoyed everywhere": cars being unable to run faster than horses, no slaves walking the streets, everybody dressed up in suits (either because it's expected of them or there are no alternatives available), nobody talking on cellphones, nobody sitting at home watching tv, 80% of the people on the streets walking, because they don't have access to a vehicle, no color film, no digital cameras in people's hands to record crimes or police abuse, population density less than 10% of today, women could not vote....(as the video obviously shows, "San Franscisco" means "everywhere", because San Francisco always has been and always will be representative of every corner of this country) yep, I can get behind all that.
 
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Hey Travlyr : LOOK OMFG! Liberty STILL IS enjoyed everywhere!

Wanna move to this awesome country?


Try to ignore the colors in the video, what difference is it to your 1906? They also lack computers, cellphones, and haven't improved much on the speed limits. They also have people walking and driving where they want, no traffic signs or lights!! They also lack the surveillance and internets, something tells me people there aren't worried about women voting or black slaves roaming free either! I'm SO convinced life is perfect because they didn't have a Federal Reserve to destroy their lives!
 
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Indy Vidual said:
+1776
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where slavery was legal, women couldn't vote, those who could vote couldn't choose their presidents directly, cars were not invented, no TV to watch, only the rich had books to read.....good old days!
 
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onlyrp said:
Try to ignore the colors in the video, what difference is it to your 1906? They also lack computers, cellphones, and haven't improved much on the speed limits. They also have people walking and driving where they want, no traffic signs or lights!! They also lack the surveillance and internets, something tells me people there aren't worried about women voting or black slaves roaming free either! I'm SO convinced life is perfect because they didn't have a Federal Reserve to destroy their lives!
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wow, your butthurt is palpable.
 
onlyrp said:
where slavery was legal, women couldn't vote, those who could vote...
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We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness...
 
Indy Vidual said:
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness...
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Those are Jefferson's words, quoting this does not undo the acts and "freedoms" they had. You can't deny any of the FACTS I cited, can you? You can only cherry pick what you love about 1776 and pretend you can't have it with the other.
 
Indy Vidual said:
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness...
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Meanwhile, the writer was keeping a black woman as a sex slave.
 
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