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abolish the Federal Reserve?
- Thread starter procrastinator
- Start date
Quote from ShoeshineBoy:
"... You have to grow the money in any system, so I think it's more a matter of degree. You might want 2% growth, I might want 3% and Bernanke obvioulsy wants about 8-10%.
How does that make any of us Communists??
Excessive money growth leads to inflation. The negative aspects of inflation are what have forced the Fed to back off of the money pump in the past.
Now they have a new trick... deception. They pump the money, create excessive inflation, then BRAINWASH THE PUBLIC WITH LIES ABOUT THE INFLATION RATE.
They haven't been doing the new trick for long, so the public isn't clued-in yet.
Quote from PARACLESE:
The fed prints money for free and charges you for it, THAT is usury. You do not see the problem here?
I agree with you in the sense that they create inflation and pass the burden on to society.
However, I have no problem with them creating money if they do not do it at inflationary levels.
I don't know if that's what you're asking however...
Quote from ShoeshineBoy:
I agree with you in the sense that they create inflation and pass the burden on to society.
However, I have no problem with them creating money if they do not do it at inflationary levels.
They are doing EXACTLY that... at very high inflationary levels.. and lying to the public about the impact of their actions.
Why else do you think the $USD is going into the crapper? (OK, there are a couple of other reasons... like unfunded liabilities and unconscionable budget deficits...)
Quote from ShoeshineBoy:
I agree with you in the sense that they create inflation and pass the burden on to society.
However, I have no problem with them creating money if they do not do it at inflationary levels.
I don't know if that's what you're asking however...
I'll be happy to buy your gold and pay you off in 2015 dollars,
the line starts here......>>
Quote from gnome:
Excessive money growth leads to inflation. The negative aspects of inflation are what have forced the Fed to back off of the money pump in the past.
Now they have a new trick... deception. They pump the money, create excessive inflation, then BRAINWASH THE PUBLIC WITH LIES ABOUT THE INFLATION RATE.
They haven't been doing the new trick for long, so the public isn't clued-in yet.
It's interesting: there was a recent study and it showed the difference in disposable income between an average middle class worker in the 70's and one today is mostly housing. So if you're going to claim that inflation has been artificially high due to Fed money supply growth, you have to approach it by looking at real estate values.
In fact, you would probably have to argue that the Fed created a massive liquidity pool which then, perhaps due to low interest rates, funded a massive run up in housing prices. The evidences for this would probably be a housing bubble that would have collapsed recently...
Hmmm. This is all sounding very familiar.
But my point is that Bernanke is not a 'commie pinko'. He's just a politician - doing what feels good for his corporate buddies. Unfortunately, that's what America is all about. Congress rapes and pillages through taxes and the Fed through monetary inflation. But I don't believe it's part of a fascist plot...
Quote from gnome:
They are doing EXACTLY that... at very high inflationary levels.. and lying to the public about the impact of their actions.
Why else do you think the $USD is going into the crapper? (OK, there are a couple of other reasons... like unfunded liabilities and unconscionable budget deficits...)
See my post above...
Quote from ShoeshineBoy:
I agree with you in the sense that they create inflation and pass the burden on to society.
However, I have no problem with them creating money if they do not do it at inflationary levels.
I don't know if that's what you're asking however...
No. the fact that you pay interest on printed timber, like it costed something to begin with. If anything there may be some one time fee, or a surcharge, but interest? pushing hard. The fed owns about 40-60 percent of our national debt. This is debt only from the start of their creation. This institution is unconstitutional and is severely corrupting our financial markets. "Drive the bitch till the wheels fall off" is their slogan. One thing we do not need is more self interested losers in office. About 90% -95% of the candidates for the upcoming pres term are just that, losers. And as long as the public stays lazy, uninformed, and just plain retarded, they will keep voting losers into office. That is the problem with america, america tells it how it might be or should be, instead of how it really is. Lying has become policy, the truth has become a matter of national security, hidden in plain sight for the blind to see.
How about that "head economist from DB" on fast money? 2% core inflation, not too shabby, go america! where people are right on the money, right on politics and right on "fair" trade. Like manipulating the chinese govt to force and manipulate the renminbi higher is 'fair' and 'free'. Marc Faber(marc faber ltd.) is one of the best I have seen on cnbc, other than Peter Schiff(euro pacific capital) who informs the public that their dollars are worth nothing. Price our indices in euros and the markets in the US have been in a bear market since 95-96', meaning we are much lower than the lows in 00. How is that for "slight of hand"?p-