Prior to the Fed we had full blown Depressions about every ten years
You want that again?
The fed creates bubbles that never end, blow up, bust but they just keep pumping more blood into the corpse.
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Prior to the Fed we had full blown Depressions about every ten years
You want that again?
Just to give an example of how deeply corrupted our system of government is, here's a question about the fed that opened my eye's several years ago.
The US constitution grants the congress the authority to create money without interest. So why does it borrow from the Federal Reserve, with interest. This was a question a 12yr old asked a politician several years ago. It's on Youtube. I've spent over and hour trying to find it. But it's either buried or they've removed it.
Update: I think this is the girl. (She's Canadian. But their system is about like ours)
PureThe Fed is a criminal organization created by the US government to steal from the American people. It should be immediately disbanded.
Pure
Insane
Nonsense
With the FED we have them every 7 years. BTW, the Great Depression, the Great Recession, and the Depression of 2020 were all under the FED's watchful eye.Prior to the Fed we had full blown Depressions about every ten years
You want that again?
With the FED we have them every 7 years. BTW, the Great Depression, the Great Recession, and the Depression of 2020 were all under the FED's watchful eye.
Because creating say $1T in new currency would cause a massive inflationary spiral (Think Germany, Brazil, Italy) causing the currency to become nearly worthless bringing on an economic collapse.To keep from depressions occurring, the government borrows trillions more. This causes the USD to lose it's value. Which causes inflation.
The Fed system isn't all bad. What makes it as bad as it is, is how much (and what for) they loan the government money. They'll loan the government money for anything. Gender studies in Pakistan. Welfare for people who just don't want to work.
The feds easy money and big spending politicians is the problem.
None the less, the question still remains. If the government has the authority to create money, interest free, why do they borrow it?
Jesus you are an idiot. Yes it “creates money”. It also makes money disappear when those loans are paid back.What Lush knows about economics could be printed on a bubblegum wrapper.
The Fed prints money. They produce nothing, they just print money. That Lesh thinks that's good for the economy is why I keep laughing at her, or it, or whatever "they" are
If that's the case then they've failed miserably, and deserve to be abolished.The Fed serves to ensure the money supply is enough to keep the economy moving but not so much that inflation becomes a problem.
Where's your proof that they've ever done that?Jesus you are an idiot. Yes it “creates money”. It also makes money disappear when those loans are paid back.
Bet ya didn’t know that did ya “Mr. Economics”
You want proof that the sky is blue?Where's your proof that they've ever done that?
I “think “ that avoiding depressions is a great idea… moronWhat Lush knows about economics could be printed on a bubblegum wrapper.
The Fed prints money. They produce nothing, they just print money. That Lesh thinks that's good for the economy is why I keep laughing at her, or it, or whatever "they" are
You have a problem with 3% inflation?If that's the case then they've failed miserably, and deserve to be abolished.
You have NFI what you're blabbering about, sub-moron.You want proof that the sky is blue?
Hey idiot… if that wasn’t the case we’d have inflation in the thousands of percent instead of single digits.
Don’t showcase your ignorance like that.
Yup...Currency inflation should be next to zero.You have a problem with 3% inflation?
That’s make it tough on homeowners.Yup...Currency inflation should be next to zero.
You are wrong, of course.If that's the case then they've failed miserably, and deserve to be abolished.
Oh, you have to devalue the currency to make your home more valuable?...That’s make it tough on homeowners.
Do you realize that (mild 3% etc. )inflation is what makes mortgage payments cheaper as you age