Who needs the federal reserve?

[dozu888]

why do we have to pay interest? maybe the federal reserve can pay the outstanding student loans that people are crying about. I've heard that they clear about 80 billion plus in profits a year...smh....sheesh, how blind are people?

you can google it.... other than the 6% on the member capitals, the rest of the profit goes to the US treasury.

it's pointless to bash the Fed... they were here exactly because gold failed and independent banks failed... it's not perfect but it's the best we have, so join them, and get rich.

 

[tickmagnet]

Have you seen federal reserve building In Manhattan? they have their own police , very secretive.

 

[nooby_mcnoob]

Have you seen federal reserve building In Manhattan? they have their own police , very secretive.

Every large entity has their own police. The police are not there to protect the plebs, they are there to keep the plebs under control. This kind of police force is not useful for powerful entities, as often a large entity's security will have their goals conflict with the plebs' police force.

 

[Wheezooo]

If someone were to write a book explaining in great detail why the Fed doesn't do 1/10th of what they project themselves as doing. That the CB is little more than a giant dog and pony show, run by people considerably less intelligent and capable than everyone perceives. Moreover, were that book to explain what is truly happening from a 100% market based perspective. Would that be something people would want to read?

 

[Magic]

If someone were to write a book explaining in great detail why the Fed doesn't do 1/10th of what they project themselves as doing. That the CB is little more than a giant dog and pony show, run by people considerably less intelligent and capable than everyone perceives. Moreover, were that book to explain what is truly happening from a 100% market based perspective. Would that be something people would want to read?

I probably would. I’m finishing up F. Black’s Business Cycles & Equilibrium. He’s quite unimpressed with the idea of monetary policy in general. Says the market in aggregate is fairly efficient and constantly in macro-equilibrium, so while information disparity causes immediate disruptions and adjustments, the private sector will quickly adapt to new rates, money stock and it won’t have a material impact on supply / demand.

Seeing as life has still gone on while we had short rates anywhere from high teens all the way to zero, I’m inclined to agree that fed intervention has a lot of unimportant noise. Hypersensitivity toward decimal points of inflation and the like seems like needless bureaucracy.

 

[blueraincap]

What the hay does Judy Shelton know about economics? studied useless stuff at useless schools
----
Shelton attended Portland State University, where she obtained a Bachelor of Science in Education.[6] Shelton also holds a MBA and Ph.D in business administration from the University of Utah

 

[easymon1]

Got Fed?
https://sputniknews.com/us/20190714...ent-risks-default-in-as-little-as-two-months/
View attachment 205788

Not an economist by any stretch, is this a valid question to consider?

http://www.whatreallyhappened.com/WRHARTICLES/allwarsarebankerwars.php

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[piezoe]

Not an economist by any stretch, is this a valid question to consider?
View attachment 206912
http://www.whatreallyhappened.com/WRHARTICLES/allwarsarebankerwars.php

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the real question is : Where does this crap come from?

 

[easymon1]

hi mr piezoe,
if you read the linked material, you'll find the answer to your posted question.
cheers!

 

[drcha]

This might have been answered by my 90-something friend, who when "fired" by her cardiologist (who told her she did not really need a cardiologist), responded, "Well, I want one. All my friends have one."