Federal Reserve Is A Private Corporation

Quote from achilles28:

The problem is two-fold:

1) Fiat money creation and fractional reserve lending empower banks to earn enormous profits on counterfeit money.

2) The end effect of all that bubble lending is massive *price* inflation which further enriches the Parasitic Elite by eroding the monetary savings of the average American. Their gain is our loss.








One sided pandering doesn't help your cause.

Your first mistake, ROOKIE - wage inflation never rises as fast as price inflation (CPI). Wage inflation is what makes homes cheaper over time. Wages might rise at 1/3rd the rate of price inflation -- if your lucky (until the economy enters a recession).

So the whole "inflation-saves-the-day" nonsense loses its steam, right there.

Second. Over a lifetime, the average person loses more to inflation then gained from decreased mortgage payments. Do the math.

Third. Massive money bubbles EXACERBATE economic cycles. That power to inflate you laude as "economic genius", is the same force that will propel scores of your beloved working poor into bankruptcy when the eventual recession hits and they have no savings to fall back on. Why? Because it was inflated away during the bubble. Idiot.


Fourth. Historically, fiat money systems ALWAYS fail because the temptation to spend beyond a Nations means (and steal public wealth through debasement) is too great. Any trader or economist worth their salt can see the United States is well on its way to fiscal bankruptcy. Far more commitments, social programs and wars than our country can afford with creditors threatening to dump. When the piper comes calling, either our social commitments go, we hyperinflate (and eventually go into depression), or we go into a depression immediately.

All because your wonderful tool, inflation.
More...

You make valid points, but you're exagerrating. For example, wage increases don't need to match cpi inflation.... IF you've planned correctly.

Anywhoo - all this can be avoided by conservative financial planning. Don't outspend your income. Buy a used car. Buy ahouse you can afford. Forget the big screen.

The problem that befalls people is cuz of their own stupidity. Who do you see that's doing well today? The lifelong conservative spenders.

To me, it sounds like this whole "abolish the Fed" is nuthin' more than a play to the dummies. Sounds like a liberal policy to me. Pandering to the short term interests of those that can't think beyond Friday's paycheck.

I say dump the social commitments anyway, so that's a pretty weak argument, if you're trying to make your point with ME....
 
Quote from Haroki:

You make valid points, but you're exagerrating. For example, wage increases don't need to match cpi inflation.... IF you've planned correctly.

Anywhoo - all this can be avoided by conservative financial planning. Don't outspend your income. Buy a used car. Buy ahouse you can afford. Forget the big screen.

The problem that befalls people is cuz of their own stupidity. Who do you see that's doing well today? The lifelong conservative spenders.

To me, it sounds like this whole "abolish the Fed" is nuthin' more than a play to the dummies. Sounds like a liberal policy to me. Pandering to the short term interests of those that can't think beyond Friday's paycheck.

I say dump the social commitments anyway, so that's a pretty weak argument, if you're trying to make your point with ME....
More...

You are in high school, right?
 
Quote from Haroki:

You make valid points, but you're exagerrating. For example, wage increases don't need to match cpi inflation.... IF you've planned correctly.

Anywhoo - all this can be avoided by conservative financial planning. Don't outspend your income. Buy a used car. Buy ahouse you can afford. Forget the big screen.

The problem that befalls people is cuz of their own stupidity. Who do you see that's doing well today? The lifelong conservative spenders.

To me, it sounds like this whole "abolish the Fed" is nuthin' more than a play to the dummies. Sounds like a liberal policy to me. Pandering to the short term interests of those that can't think beyond Friday's paycheck.

I say dump the social commitments anyway, so that's a pretty weak argument, if you're trying to make your point with ME....
More...

so u say the majority who ACTUALLY WORK need to be conservative with their spending, because others are robbing them [legally] of their buying power.

is that what u are trying to say?
 
Quote from c.chugani:

so u say the majority who ACTUALLY WORK need to be conservative with their spending, because others are robbing them [legally] of their buying power.

is that what u are trying to say?
More...

no
 
wow. did you register multiple aliases or are there really so many stupid and paranoid people out there?

i'm getting out of hicksville. later.
 
Quote from Haroki:

You read up Einstein-----

A great deal of economic literature concerns the question of what causes inflation and.....
More...

It would be nice if you didn't pass off others work as your own. Perhaps posting a link to those cut&paste jobs. Here, let me help:


http://en.wikipedia.org/wiki/Inflation

Wiki.

The same Wiki routinely white-washed by Corporate America and the CIA to bury criticism and manipulate facts?

http://www.crooksandliars.com/Media/Download/20430/1/SpecialReport-Wallace-Wikipedia.wmv


Let me break this slowly. Kenysian Monetarism ISN'T the only economic paradigm out there.

Besides Bankers, monetarism is all the rage among Socialists (Academic Elitists) and Big Government-types for two reasons:

1) Monetrarism wrests control of the Countries economic throttle (interest rates) from the free market to a small handful of elites.

2) Beaurcrats now have a blank check thats spent on their own reelection campaign and lining cohorts pockets. Of course, all this frantic spending is done at the expense of the working-class American whose savings is stolen by fiat money spending.

What are the unofficial stats now? 10% including food and fuel?

Thats a direct result from the Greenspan money bubble pumped up from 2001 onward.

Its a parasitic synergy.

Line their pockets at the expense of the sheep.
 
Quote from achilles28:

The problem is two-fold:

1) Fiat money creation and fractional reserve lending empower banks to earn enormous profits on counterfeit money.

2) The end effect of all that bubble lending is massive *price* inflation which further enriches the Parasitic Elite by eroding the monetary savings of the average American. Their gain is our loss.








One sided pandering doesn't help your cause.

Your first mistake, ROOKIE - wage inflation never rises as fast as price inflation (CPI). Wage inflation is what makes homes cheaper over time. Wages might rise at 1/3rd the rate of price inflation -- if your lucky (until the economy enters a recession).

So the whole "inflation-saves-the-day" nonsense loses its steam, right there.

Second. Over a lifetime, the average person loses more to inflation then gained from decreased mortgage payments. Do the math.

Third. Massive money bubbles EXACERBATE economic cycles. That power to inflate you laude as "economic genius", is the same force that will propel scores of your beloved working poor into bankruptcy when the eventual recession hits and they have no savings to fall back on. Why? Because it was inflated away during the bubble. Idiot.


Fourth. Historically, fiat money systems ALWAYS fail because the temptation to spend beyond a Nations means (and steal public wealth through debasement) is too great. Any trader or economist worth their salt can see the United States is well on its way to fiscal bankruptcy. Far more commitments, social programs and wars than our country can afford with creditors threatening to dump. When the piper comes calling, either our social commitments go, we hyperinflate (and eventually go into depression), or we go into a depression immediately.

All because your wonderful tool, inflation.
More...

Incredibly well put! This thread is awesome, I'm glad there are other Americans that face the facts of our country and spending issues. Most typical Americans think I'm nuts and magic will save us all.
 
You must log in or register to reply here.
Back
Top