Posted on 03/09/2017 8:07:43 PM PST by Tolerance Sucks Rocks
I vote yes. I even have an “end the Fed” jacket, looting the American people since 1913.
That’s not important, unless you want to hide cash in your mattress for 100 years.
What’s important is year to year stability because that dramatically affects business decisions.
The fed has intentionally targeted a small amount of inflation each year. That’s to avoid deflation which causes depressions. But compounded inflation does have the side effect of creating a scary but meaningless chart over the course of 100 years.
That’s not important, unless you want to hide cash in your mattress for 100 years.
What’s important is year to year stability because that dramatically affects business decisions.
The fed has intentionally targeted a small amount of inflation each year. That’s to avoid deflation which causes depressions. But compounded inflation does have the side effect of creating a scary but meaningless chart over the course of 100 years.
>We’ve had one deflationary depression since the Federal Reserve was started, and we used to have one every 20 years before the Fed. That was the Great Depression. And it was caused by a young fed tightening money because they thought they needed to emulate the gold standard. Well they did and they brought around a deflationary depression big time.
Depressions are and always have been debt bubbles. They’re a byproduct of loans with interest and they were first recorded by the Sumerians 3000+ years ago. Incidentally the Sumerians also invented interest on loans and solved the debt bubble problem by having periodic debt jubilees, something that we implemented on a per person basis with bankruptcy.
The cause of the great depression was a huge debt bubble states and federal governments failed to allow the bad debts to be written off until 1946.
Want to avoid depressions? Don’t have loans with interest. Want to break out of our current Japanese style depression? Force the bad debt to be defaulted on quickly to reset the system.
Deflation doesn’t cause depressions.
Fiat currencies are confidence games.
The debt is going to get rebooted one way or another.
But agree - year to year stability keeps the con game going.
Oh and - Yes GET RID OF THE FED.
Yes, and the sooner the better.
No interest means no loans. No loans means little innovation.
You might as well go back to the barter system. But today’s doctor is going to require a few truck loads of chickens.
No interest means no loans. No loans means little innovation.
You might as well go back to the barter system. But today’s doctor is going to require a few truck loads of chickens.
The fed is a credit card for the gov paid for by the citizen. Just like your visa, the fed can change the interest rate whenever it chooses. Unlike your visa, you can’t pay off the balance and cancel the card. This is why Andrew Jackson padlocked the original fed reserve bank.
>No interest means no loans. No loans means little innovation.
Really? Funny how Europe developed the modern world almost entirely on investments, not loans and usury was outlawed for most of the middle ages. Medieval banks tended to last a lot longer than our banks because they had to invest directly trade and businesses instead of loaning money with interest. Gave them a lot of skin in the game. Also China was usury free when they where inventing the inventing the crossbow, gun powder, paper, ect.
>You might as well go back to the barter system. But today’s doctor is going to require a few truck loads of chickens.
You’re confusing loans with interest with credit. Long before loans with interest existed people where paying with credit and settling up once a year with goods. Interest bearing loans also predates the invention of money where the interest was paid in terms of extra goods using a set formula, not money.
One must remember that the inflation Greenspan was always fighting (unrealized by the populous) was WAGE inflation. Rising interest rates restrict business investment/expansion. Look for the Fed to raise rates to counter Trumps economic progress. Reduction of H1B visas will put Americans back to work as will factories returning to America. Both of these will bring lower unemployment, lower welfare roles, increase tax revenues, etc.
These things while great for America, will put upward pressure on WAGES and SALARIES, hence the need for the Fed to raise rates to counter “inflation” (increased cost of goods sold). This is also why McConnell is dragging his feet on tax reform (another HUGE economic incentive), AND why we see Ryan dragging feet on Obama care Repeal. All of the things President Trump desires are good for America, Americans, and as a result the rest of the world. These things are bad for elitists, globalists, treehuggers, global warmers, despots, dictators, tyrants, etc.
In other words, good for the US, bad for the UN! Go Donald MAGA!
Probably. But if people involved in any ,system, have no integrity then no matter what ,system, is in place will work for good. And evil will result.
It will tell you why the Federal Reserve was created and it wasn't to benefit the common citizen.
It can be downloaded as a PDF.
Note section 4.1 the development of Merchant banks in medieval Europe and the next paragraph that talks about interest in medieval Europe.
Also see section 6 about 17th century goldsmiths.
Note section 4.1 the development of Merchant banks in medieval Europe and the next paragraph that talks about interest in medieval Europe.
Also see section 6 about 17th century goldsmiths.
End the _federal_reserve_ ; it violates USConstitution and the law of YHVH. It is unequal weights and measures.
It is the _primary_ secular cause of a USGov gone wild, covert, off the rails, lawless, unlimited, pretending to _be_ god.
What’s your point? That people sometimes found ways around the ban on usury? The point of banning Usury was to prevent large scale debt bubbles and as long as it wasn’t done on a large scale, which it wasn’t in Europe then it wasn’t a major problem. Secondly, the article ignores the long history of bankers making investments instead of loans during the middle ages. As we see today and back then it’s investments that create innovation, not loans with interest.
BTT
That reads like an 8th grader’s essay. This guy has no idea what the Fed is.
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