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So you can't or won't answer the questions - complaining without providing a solution is not a reasonable course of action. And saying essentially the same thing twice just makes it sound like rants, especially when use all caps. You seem to not understand the Feds role or have a clue what you want them to actually do.
The Fed is supposed to try and limit the impact of every recession and to ensure sufficient credit to keep companies from failing - might want to reread their responsibilities, these actions are not "well out of bounds".
The Fed is also not "socialism for the rich" no matter how many times you say it (or put all in caps) - socialism is social ownership of the means of production - why would the rich give up the means of production.
The Treasury actually prints the money while the Fed manages the distribution but physical money is not the same as the money supply. The Fed can not "print unlimited money", the Fed is audited annually like any other bank. Congress delegates responsibility for monetary policy to the Federal Reserve, but has oversight for ensuring that the Fed is adhering to its mandates - “maximum employment, stable prices, and moderate long-term interest rates.”
In what alternative world do you live and how naive do you have to be to believe in that bull that you wrote???
Maximum Unemployment = BULL
Stable Prices = IS THIS SOME KIND OF A JOKE OR WHAT?
Moderate long-term interest rates = ZIRP YOU MEAN?
Keeping companies from failing......are you serious?
Quote:
The Fed can not "print unlimited money"
YOU ARE HILARIOUS. The truth is that the FED only knows how to print money and inflate assets. The Fed doesn't know how to create organic growth periods in economies. This is primarily so because the Fed only believes that one side of the coin exists, more and more credit, more and more debt. To accept Deflation as an equal partner with Inflation is against their ethics. The Fed job or real mandate is to perpetuate perennial economic growth through manipulation of monetary policy.
Why are stocks racing higher? Not because the American or global economy is 'fixed' or Covid is gone. DEBT. DEBT AS ALWAYS. We will never get well until we unhook our addiction to DEBT.
History never repeats itself, only historians do ..each time things play out they are just different enough to make what happened last useless as far as preparing
In what alternative world do you live and how naive do you have to be to believe in that bull that you wrote???
Maximum Unemployment = BULL
Stable Prices = IS THIS SOME KIND OF A JOKE OR WHAT?
Moderate long-term interest rates = ZIRP YOU MEAN?
Keeping companies from failing......are you serious?
YOU ARE HILARIOUS. The truth is that the FED only knows how to print money and inflate assets. The Fed doesn't know how to create organic growth periods in economies. This is primarily so because the Fed only believes that one side of the coin exists, more and more credit, more and more debt. To accept Deflation as an equal partner with Inflation is against their ethics. The Fed job or real mandate is to perpetuate perennial economic growth through manipulation of monetary policy.
Why are stocks racing higher? Not because the American or global economy is 'fixed' or Covid is gone. DEBT. DEBT AS ALWAYS. We will never get well until we unhook our addiction to DEBT.
could you change your gloom and doom predictions to a large meteor on course to destroy the earth? We're all growing weary of the money supply delusions you have been spewing.
History never repeats itself, only historians do ..each time things play out they are just different enough to make what happened last useless as far as preparing
What about new history, in the form of Fedcoin.
This one concerns me, as our privacy becomes non-existent/personal freedoms can eventually be even more restricted.
Wouldn't a certain segment of banking become obsolete?.
In what alternative world do you live and how naive do you have to be to believe in that bull that you wrote???
Maximum Unemployment = BULL
Stable Prices = IS THIS SOME KIND OF A JOKE OR WHAT?
Moderate long-term interest rates = ZIRP YOU MEAN?
Keeping companies from failing......are you serious?
YOU ARE HILARIOUS. The truth is that the FED only knows how to print money and inflate assets. The Fed doesn't know how to create organic growth periods in economies. This is primarily so because the Fed only believes that one side of the coin exists, more and more credit, more and more debt. To accept Deflation as an equal partner with Inflation is against their ethics. The Fed job or real mandate is to perpetuate perennial economic growth through manipulation of monetary policy.
Why are stocks racing higher? Not because the American or global economy is 'fixed' or Covid is gone. DEBT. DEBT AS ALWAYS. We will never get well until we unhook our addiction to DEBT.
Those are their mandates that Congress gave them - I did not make them up. In what reality do you live that you think you can do better and think they should not do their best to follow the mandates Congress gave them.
The truth is you have no idea what you want as can be seen by not understanding what you post often conflicts within the same post. Please take a course in economics - Deflation is not an equal partner to Inflation.
While the fed can get some of the blame for the financial crisis, it did actually too little to fight it, making the recession worse than it should have been. It took a long time for the economy to recover, assets had crashed and inflation was low, so it made sense to keep interest rates low. And remember the fed did try to increase interest rates and reduce its balance sheet while Europe kept interest rates at zero.
The problem is the government who has a massive budget deficit. The fed needs to monetize this debt by printing money, because foreigners don't want it anymore. It is also the government who has decided to bail out businesses and hand out stimilus.
The fed can't increase interest rates now, it will get blamed for the recession that it will cause. It needs to wait till Americans believe inflation is a larger problem than unemployment and the government is willing to reduce the deficit. That will take some time.
What about new history, in the form of Fedcoin.
This one concerns me, as our privacy becomes non-existent/personal freedoms can eventually be even more restricted.
Wouldn't a certain segment of banking become obsolete?.
It was about ensuring businesses had access to low-cost capital to fund expansion.
It was also about the relative interest rates the US government compared to the German government, the French government, the Italian government, the UK government, the Irish government, etc. At the time, the US government was paying more to borrow than those other governments.
Wait, you think that pushing rates to 'zero or even below' (i.e. eliminating the primary source of revenue for the banking system) enables access to low-cost capital?
You don't truly believe that do you?
The previous President has a very long track record of making completely contradictory statements on interest rate policy, often within weeks of eachtoher, as far as back as 2014. If you believe it was about 'enabling access to capital' and not propping up the stock market, I have a bridge to sell you.
While the fed can get some of the blame for the financial crisis, it did actually too little to fight it, making the recession worse than it should have been. It took a long time for the economy to recover, assets had crashed and inflation was low, so it made sense to keep interest rates low. And remember the fed did try to increase interest rates and reduce its balance sheet while Europe kept interest rates at zero.
The problem is the government who has a massive budget deficit. The fed needs to monetize this debt by printing money, because foreigners don't want it anymore. It is also the government who has decided to bail out businesses and hand out stimilus.
The fed can't increase interest rates now, it will get blamed for the recession that it will cause. It needs to wait till Americans believe inflation is a larger problem than unemployment and the government is willing to reduce the deficit. That will take some time.
Why not both?
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