Why you are a slave. Rothschild's own you! End The FED!

Quote from Hello:

Again, i will ask, Who is responsible for this? Is it the feds fault that the government over spends and borrows money? The fed has absolutely zero control over the amount the government spends per year.

When the fed jacked interest rates to 20% in the 80's, do you then credit the fed for the balanced budgets in the 90's? If the feds interest rates are responsible for spending, why dont the chinese rack up excessive credit?

I fully agree that the fed has crushed our dollar, but that is based on an idiotic thought process by them that if we kill the U.S.D. enough we can compete with the third world exports, this is bad policy, not a conspiracy.


Banks can give all the cheap credit they want, the bottom line is that no one besides the debtor can choose to borrow based on the feds rates, so it isnt some giant conspiracy by banks, that forces people to do this.
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You're talking a lot of smack here.

Congress has total control over its budget. And the FED has total control over it's open market operations. Both are to blame by over-stepping their mandates and acting irresponsibly. The FED could just as easily refuse to monetize new treasuries as Congress could pass a balanced budget. But neither will.

You asked a simple question and I gave you a simple answer. As for the rest of it - conspiracies, declining dollar, FED rates dictating chinese consumption - I have no idea what you're talking about.
 
k, then answer this.

If a good looking prostitute walks into the street and says anyone can screw her for a dollar, and a guy takes her up on the proposition and gets busted by the cops, is it the guys fault, or the prostitutes?

If I go to McDonalds every day and buy a bunch of 1 dollar cheeseburgers and i become morbidly obese, is it my fault or McDonalds?

If i go to a bar that is serving beer for a dollar, and i roll my car on the way home after drinking a keg, is it my fault, or the bars?

The person who makes the ultimate decision in every single case is the consumer. Thats the way free markets operate.

Quote from achilles28:

You're talking a lot of smack here.

Congress has total control over its budget. And the FED has total control over it's open market operations. Both are to blame by over-stepping their mandates and acting irresponsibly. The FED could just as easily refuse to monetize new treasuries as Congress could pass a balanced budget. But neither will.

You asked a simple question and I gave you a simple answer. As for the rest of it - conspiracies, declining dollar, FED rates dictating chinese consumption - I have no idea what you're talking about.
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Quote from achilles28:

You're talking a lot of smack here.

Congress has total control over its budget. And the FED has total control over it's open market operations.
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And how much has the congress ever spent because the Fed has forced them to spend?

Im not "talking alot of smack", im dealing in reality. You can make all the claims you want about how congress was forced to overspend, but the bottom line is that the congress has never overspent money because the fed forced them to, there is not a single time in history that you can show me, where the fed "forced" congress to over spend, unless of course, you want me to buy into AMSTW's videos, whereby the rothchilds murdered hundreds of thousands of people to make the government conform.
 
Quote from Hello:

And how much has the congress ever spent because the Fed has forced them to spend?

Im not "talking alot of smack", im dealing in reality. You can make all the claims you want about how congress was forced to overspend, but the bottom line is that the congress has never overspent money because the fed forced them to, there is not a single time in history that you can show me, where the fed "forced" congress to over spend, unless of course, you want me to buy into AMSTW's videos, whereby the rothchilds murdered hundreds of thousands of people to make the government conform.
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Is this how you debate? Shadow box strawmen all day?

I never said the FED forced Congress to overspend. YOU DID.

My words are simple and plain. Stop twisting them into something you can grind your axe on.

The FED's primary mandate is stable prices. The second is full employment. Volker jacked rates in the 70's to combat sky-high inflation in accordance with it's primary mandate (stable prices). Since the 90's, the FED abrogated it's first mandate in favor of the second. Which is why asset bubbles are ignored and pump-priming continues even after a collapse. The FED was designed to be apolitical and make the tough, unpopular choices. Now, it's just a tool of the douchebags in Washington. And yes, you're talking shit.
 
Read back through the posts, and you will realise all i was doing was countering your own previous argument that the Fed somehow controls the government, and not the opposite, read the thread, and put it into context, and realise that the implication all along in this thread has been that the fed/rothchilds control the government which is the total opposite of reality, the total opposite of what i think, and a popular theme amongst internet conspiracy theorists.

My thought has always been that the government controls themselves, and influences the fed, but doesnt control them. Say what you want but you have basically flipped completely to what i was saying originally, if you would just take the time to read the thread.

The government has a bit of power over the fed, not the opposite.

Nice to see you came around, and realise the way it really operates, cheers mate. :D

Quote from achilles28:

Is this how you debate? Shadow box strawmen all day?

I never said the FED forced Congress to overspend. YOU DID.

My words are simple and plain. Stop twisting them into something you can grind your axe on.

The FED's primary mandate is stable prices. The second is full employment. Volker jacked rates in the 70's to combat sky-high inflation in accordance with it's primary mandate (stable prices). Since the 90's, the FED abrogated it's first mandate in favor of the second. Which is why asset bubbles are ignored and pump-priming continues even after a collapse. The FED was designed to be apolitical and make the tough, unpopular choices. Now, it's just a tool of the douchebags in Washington. And yes, you're talking shit.
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Quote from Hello:

Read back through the posts, and you will realise all i was doing was countering your own previous argument that the Fed somehow controls the government, and not the opposite, read the thread, and put it into context, and realise that the implication all along has been that the fed controls the government which is the total opposite of reality and a popular theme amongst internet conspiracy theorists. My theme has always been that the government controls themselves, and influences the fed.

Nice to see you came around, and realised the way it really operates, cheers. :D
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I never read the thread and I could care less. I answered your rather ignorant question, in simple terms. That you ran out of the gate half-cocked with all these irrelevant assumptions about what you thought I meant is your problem.

Again, I never said the FED "somehow controls" Government. I said the FED enables Government spending. Which they do. There's a distinction. Without the FED, the Government wouldn't be able to finance these horrendous deficits and run a welfare-warfare State, to a fraction of what it does now. As far as "coming around" to your point of view, you're kidding yourself. My view on the matter was long established before you ever joined Elite Trader...
 
Fair enough. There is no point in arguing with you, if you jumped into a thread "half cocked" (your words not mine) ready to start swinging at the first target, then for future reference read the thread before you go into full attack mode, it would do other people who read/participate in the threads alot of justice.

Quote from achilles28:

I never read the thread and I could care less. I answered your rather ignorant question, in simple terms. That you ran out of the gate half-cocked with all these irrelevant assumptions about what you thought I meant is your problem.

Again, I never said the FED "somehow controls" Government. I said the FED enables Government spending. Which they do. There's a distinction. Without the FED, the Government wouldn't be able to finance these horrendous deficits and run a welfare-warfare State, to a fraction of what it does now. As far as "coming around" to your point of view, you're kidding yourself. My view on the matter was long established before you ever joined Elite Trader...
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Quote from MarketMasher:
Is the Fed even legally allowed to bailout foreign banks?

Because there was a story in the news about that - where the money went. But it doesn't seem to be reported on much anymore.

When I first heard it I thought "Wow - they're allowed to do that?"

Also, why is the Fed allowing the big primary dealer banks to tax US citizens? I mean, the Fed lets them borrow really cheap, then they bought Treasuries with the cheap money. But the interest on those has to be paid, and where is the government going to get the money? It has to tax people. So the IRS is just a pass-thru to the big banks - and the big banks bought those Treasuries with free money from the Fed.

So while workers had to do real work to make that money, the big banks get it from them - for nothing. They aren't even producing anything of value for it. They just collect it.

What's that all about?
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