The Fed

[Fife]

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

[SuburbanFarmer]

Now you’re speaking my language.

[Speaker to Animals]

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.

[Fife]

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

[Speaker to Animals]

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.

[Martin Hash]

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.

[Martin Hash]

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.)

[heydaralon]

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?

[Martin Hash]

America has lots of slack. Retirement, or worse, a UBI, are the most dangerous things.

[heydaralon]

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?