The Fed

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Fife
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Re: The Fed

Post by Fife » Sat Oct 20, 2018 7:54 am

QRD:

The economy is not a machine, and the Fed is not a mechanic. Terms like an "overheating" economy," and "stepping on the gas," or "slamming on the brakes," are all nonsense. The idea that that anyone is capable of "running the economy" is a pure fairy tale.




Further reading:

Ending the Fed:

https://www.amazon.com/End-Fed-Ron-Paul ... 002N0ADQG/

The folly of central planning:

https://www.amazon.com/Choice-Cooperati ... B01228F4OE

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SuburbanFarmer
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Re: The Fed

Post by SuburbanFarmer » Sat Oct 20, 2018 8:55 am

Now you’re speaking my language.
SJWs are a natural consequence of corporatism.

Formerly GrumpyCatFace

https://youtu.be/CYbT8-rSqo0

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Speaker to Animals
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Re: The Fed

Post by Speaker to Animals » Sat Oct 20, 2018 8:59 am

Fun fact: as long as we legalize usury, we are going to need fiat currency to inflate the money supply nonstop to account for the money usurers demand that doesn't exist. And as long as we are going to have fiat currency that gets inflated and deflated by usurers, we are going to need something like the Fed to try to mitigate the monetary cycles.

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Fife
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Re: The Fed

Post by Fife » Sat Oct 20, 2018 9:06 am

Dude, the Fed IS the monetary cycle. Check the horse/cart syntax.

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Speaker to Animals
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Re: The Fed

Post by Speaker to Animals » Sat Oct 20, 2018 9:10 am

Fife wrote:
Sat Oct 20, 2018 9:06 am
Dude, the Fed IS the monetary cycle. Check the horse/cart syntax.
*bzztttt*


The monetary cycle was here before the Fed. It can be created just by cycles in credit.

You have to eliminate the ability for people to invent imaginary money to end the cycle, which necessarily means NO FUCKING USURY.

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Martin Hash
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Re: The Fed

Post by Martin Hash » Sat Oct 20, 2018 9:15 am

The Fed is a hell of a lot more that inner bank lending rates. (I thought you listened to my podcasts? Maybe that one hasn’t played yet?)

The Fed buys Treasuries at zero interest and can forgive them off their Balance Sheet. Through various subsidiaries, The Fed can act like a Central Bank and participate in Open Market operations. They’re among the foreign Central Banks driving the FAANG stock prices, a means of controlling the Volatility Index.
Shamedia, Shamdemic, Shamucation, Shamlection, Shamconomy & Shamate Change

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Martin Hash
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Re: The Fed

Post by Martin Hash » Sat Oct 20, 2018 9:19 am

Currently The Fed is letting $40 billion in Treasuries roll (nothing compared to their $4 trillion Balance Sheet). This will crash the Stock Market and housing bubbles; a good or bad thing depending on how you view money and wealth concentration. (You know my positions on both.)
Shamedia, Shamdemic, Shamucation, Shamlection, Shamconomy & Shamate Change

heydaralon
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Re: The Fed

Post by heydaralon » Sat Oct 20, 2018 12:07 pm

Martin Hash wrote:
Sat Oct 20, 2018 9:19 am
Currently The Fed is letting $40 billion in Treasuries roll (nothing compared to their $4 trillion Balance Sheet). This will crash the Stock Market and housing bubbles; a good or bad thing depending on how you view money and wealth concentration. (You know my positions on both.)

How long do you think we have before we are fighting in the streets over a can of baked beans?
Shikata ga nai

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Martin Hash
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Re: The Fed

Post by Martin Hash » Sat Oct 20, 2018 12:23 pm

America has lots of slack. Retirement, or worse, a UBI, are the most dangerous things.
Shamedia, Shamdemic, Shamucation, Shamlection, Shamconomy & Shamate Change

heydaralon
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Re: The Fed

Post by heydaralon » Sat Oct 20, 2018 1:28 pm

Martin Hash wrote:
Sat Oct 20, 2018 12:23 pm
America has lots of slack. Retirement, or worse, a UBI, are the most dangerous things.
Can you expand on this? Are you for or against UBI?
Shikata ga nai