Free Republic

In The West they produced Mercedes, BMWs, Audis, VWs, even Opels.... In The East they made Trabants .... and you had to wait three years to get one!

More like a 10-15 year wait.

Carvalho has called for limits on immigration enforcement near schools, saying it impedes student learning.

As long as they learn they can't come here illegally, I'm fine with that.

LOL!

Suspicious women hire me as a honey trap to test if their boyfriends will cheat

If they don't, at least they know he's gay.

Now Crockett and four others are seatless, their megaphones unplugged.

They're not seatless, they're in office until at least January 2027.

Thinner, better looking, it's a win-win.

She can still lose another 15 pounds of ugly fat.

Exactly. A big nothing burger.

"Marking" our gold at $42.22 didn't prevent inflation, remarking it at $3500 or $4200 isn't going to cause inflation. Or a realignment.

BRICS currencies suck and aren't going to be stronger or more attractive if this change occurs.

And what is the purpose of liquidity in the banking system?

When you go to your bank to withdraw your money and they don't have any, that's a liquidity issue.

Where does the liquidity go?

It allows businesses and people to borrow.

Provide liquidity to the banking system.

Quantitative easing is what they do when they buy massive amounts of Treasury debt or Agency MBS. No insider lending there. No lending at all.

If you mean borrowing at the discount window, you need collateral.

The fact they remit money to the Treasury has zero connection to Federal Reserve ownership

Really? So, the real owners only get a tiny fraction of the earnings? And the government gets the rest?

The idea of buying private debt, corporate debt, derivatives

Who told you they bought any of that stuff?

In 2009, when the Fed earned $52.1 billion, guess where the money went?

Yes, it was debated for months and senators leaving town paired their votes.

Totally owned by the federal government. Just follow the money.

Especially for a private bank?

Owned by the federal government.

But what effects do a central bank, the Federal Reserve, give us?

Lender of last resort.

Men who carry their smartphones in their pants pocket have much higher rates of testicular cancer.

Yeah, that non-ionizing radiation will get you every time!

Brain tumors regularly appear on the side of the head where hours-a-day users hold their phone.

Probably 50% of the time. It's crazy!

We shouldn’t be charged interest to use our own money.

Who is charging you to use your own money? How?

You PROVE your statement

"They should have made liquidity available in exchange for good collateral. Instead they allowed massive bank failures and the money supply shrank by a third."

First.

This essentially summarizes Friedman and Schwartz's argument that:

The Federal Reserve failed to act as a lender of last resort.

Many banks that collapsed between 1929 and 1933 were solvent but illiquid—they needed emergency loans, not liquidation.

The Fed, prioritizing gold reserves and low inflation, stood by passively, allowing panic and bank runs to destroy confidence and credit.

As thousands of banks failed, the money supply (M1) contracted by roughly 33%, deepening and prolonging the Great Depression.

Like I said, allowed.