Posted on 04/07/2024 2:48:22 AM PDT by Kaiser8408a
We are living in the USA where corruption, favoritism, open borders and an out-of-control Federal budget and debt are destroying this once great nation.
Former Kansas City Fed President Thomas M. Hoenig was absolutely right when he said recently that The Federal Reserve panders to Wall Street, Congress and special interest groups, prioritizing immediate relief over financial stability. Bernanke’s zero-interest rate policies (ZIRP) and Quantitative Easing (QE) were short-term fixes that never went away. Indeed, since the subprime mortgage crisis of 2008-2009, US Dollar purchasing power is DOWN -32% and M2 Money is up a staggering 177%. While Yellen stuck with zero-interest policies until Trump was elected, then raised The Fed Funds Target Rate 8 times. Yellen only raised the target rate once under Obama. Clearly playing political favoritism.
The Federal Reserve is one of, if not the most, significant institutions in the world given the global impact of its policy decisions.
It influences the price of nearly everything, as well as the availability of jobs, the stability of our banking system, and the purchasing power of our money.
When the Fed Chair speaks, the entire world stops to listen.
But the average person has a poor understanding of how this colossally important entity operates. Or even why it exists.
And after a series of asset price bubbles — which some argue we’re in another one now — a chorus skeptical of the Fed’s actions has emerged.
So today we’re doing our best to shine as bright a light as possible on the Fed: how & why it operates, the good & as well as the shortcomings of its actions to date, what direction its policies are likely to take from here, and how all of this impacts the households of regular people like you and me.
(Excerpt) Read more at confoundedinterest.net ...
btt
The value of the dollar?
Purchasing power?
Inflation?
Interest rates?
Bosh. None of this matters. The only important consideration is that democrats remain in power and continue the destruction of this country.
I was employed as an economist for 40+ years in several industries and have invested in financial markets even longer. I know only 2 things: 1) economic policy over the past couple of decades is wrong and unstainable, but 2) I have no idea when the SHTF
Central Banks = Central Planning which never works. It always leads to calamity for the masses, because it’s always corrupt.
absolutely right. We a currently adding 1 trillion dollars of debt every 100 days. 3 1/2 trillion a year. It is already impossible to service this debt and pay for government without just adding an increasing amount of debt. This is a death spiral.
Is the fed overstating how much gold the US has? Is that the implication here?
Don’t fool yourself about the other wing of the uniparty.
And the SAHM Rule has been triggered in 20 States - it’s one of the ways the Fed uses to tell that there’s a recession....
That second sticker is on the inside “walls” of our cats’ litter boxes.
JFK assassination theory
See also: John F. Kennedy assassination conspiracy theories § Federal Reserve conspiracy
Jim Marrs, in his book Crossfire, presented the theory that Kennedy was trying to rein in the power of the Federal Reserve, and that forces opposed to such action might have played at least some part in the assassination.[17][18][19] Marrs alleges that the issuance of Executive Order 11110 was an effort by Kennedy to transfer power from the Federal Reserve to the United States Department of the Treasury by replacing Federal Reserve Notes with silver certificates.[18] Author Richard Belzer named the responsible parties in this theory as American "billionaires, power brokers, and bankers ... working in tandem with the CIA and other sympathetic agents of the government."[20]
Critics of the theory note that Executive Order 11110 was a technicality that only delegated existing presidential powers to the Secretary of the Treasury for administrative convenience during a period of transition.[18][19]
(Source: Wikipedia)
heh
Ironically, I recently had reason to do a full analysis of inflation & real wages.
My conclusion was that real wages were just over 30% reduced since the beginning of 2020 and that due to cost increases my prices needed a corresponding correction just to keep up with so-called 'inflation' (as did salaries). So, no surprise here.
There needs to be MUCH MORE REPORTING and EDUCATION on the cause of inflation.
To-wit:
Crazy, Crazy, Crazy! Political, financial and economic constraints will continue to limit the U.S. government’s spending flexibility, hence we can expect rising debt levels. Because of increasing entitlement and net interest expenditures, the Congressional Budget Office recently projected large fiscal deficits and a continued increase of the debt-to-GDP ratio in the United States. However, the projected increase in government spending over the next two decades should not cause any financing difficulties, let alone a financial crisis because of the pivotal role of the dollar in the global financial system, the relative attractiveness of U.S. assets and a more favorable growth outlook than in most other advanced economies. In other words, where else can they go? Our continued large deficits could, of course, lead to higher long-term interest rates, which might force the government to rein in the fiscal deficit to prevent a rapid increase in the debt-to-GDP ratio. However, the current trend of more modest economic growth, at least compared to two decades ago, and large fiscal deficits will translate into greater constraints on defense spending.
It’s ugly and will continue to get uglier. We’re reaping the whirlwind.
You’re right, of course. The RINOs might not be as openly destructive as the democrat Left, but they are certainly part of the problem.
Yes, outwardly less immediately destructive, but more insidiously destructive of any effort to mount an effective opposition.
Yet the stock market is BOOMING, reaching new all-time highs! Go figure.
The creature from Jekyll Island
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