The Federal Reserve is not our friend

[pknopp]

It was created by Congress and run by people appointed by the president

The president can only pick one of the sitting governors to run the Fed.

Not just anyone is going to get appointed a governor. It's an incestuous system.

Bernanke was telling us over and over how sound housing was and how it would be fine. He was saying this right up until the moment it blew up. He was then reappointed. How does someone that failed as miserably as he did get reappointed?

 

[sparky]

The birth of the 1%ers, perpetual wars, and bust boom economies .....

The result of the Jekyll crew's legislating usury

Which the ancients had outlawed.......

~S~

 

[SeaMajor7]

What is the constitutional question?

Where are the words "FEDERAL RESERVE" in our Constitution?

 

[sparky]

Where are the words "FEDERAL RESERVE" in our Constitution?

Better yet is they are neither 'federal', nor a 'reserve' Sea....~S~

 

[struth]

The president can only pick one of the sitting governors to run the Fed.

Not just anyone is going to get appointed a governor. It's an incestuous system.

Bernanke was telling us over and over how sound housing was and how it would be fine. He was saying this right up until the moment it blew up. He was then reappointed. How does someone that failed as miserably as he did get reappointed?

The president nominates all the govenors. Then they are approved by the senate

Yes, not just anyone can get it, you have to have some experience in the economic field

 

[pknopp]

The president nominates all the govenors. Then they are approved by the senate

Yes, not just anyone can get it, you have to have some experience in the economic field

Experience that told Bernanke everything was OK, right up until it all crashed.

 

[struth]

Experience that told Bernanke everything was OK, right up until it all crashed.

Nobody said they always make right choices.

I am not sure of your point.

 

[pknopp]

Nobody said they always make right choices.

I am not sure of your point.

And then he was re-nominated.

You do understand my point.

 

[struth]

And then he was re-nominated.

You do understand my point.

No I don’t. Nobody ever said folks in govt don’t mess up.

Nobody ever said politic appointees weren’t, well, political

 

[pknopp]

No I don’t. Nobody ever said folks in govt don’t mess up.

Nobody ever said politic appointees weren’t, well, political

Change.

Not so much.

 

[Marener]

I see QANON is trying to become more mainstream.

 

[struth]

Change.

Not so much.

Not sure what you are talking about, change what?

 

[The Duke]

What is the constitutional question?

Congress is supposed to be in control of the money, not foreign-owned 3rd parties.

 

[WEATHER53]

I too believe they are exceeding their function and trying to cool off inflation that is merely the pent up spending from the last huge government inspired mistake-Covid hoax

 

[Toddsterpatriot]

Where are the words "FEDERAL RESERVE" in our Constitution?

Nowhere. And?

 

[Toddsterpatriot]

Better yet is they are neither 'federal', nor a 'reserve' Sea....~S~

Wrong, twice.

 

[Toddsterpatriot]

Congress is supposed to be in control of the money, not foreign-owned 3rd parties.

The Federal Reserve is "owned" by the US government.

 

[The Duke]

The Federal Reserve is "owned" by the US government.

That's not true.

 

[Toddsterpatriot]

I too believe they are exceeding their function and trying to cool off inflation that is merely the pent up spending from the last huge government inspired mistake-Covid hoax

Milton Friedman: It is always and everywhere, a monetary phenomenon. It's always and everywhere, a result of too much money, of a more rapid increase in the quantity of money than an output.

 

[Toddsterpatriot]

That's not true.

Who owns it? How do you know?