Quote:
Originally Posted by twojciac
You can't fathom why I care about why an organization is not subject to oversight, but controls the value of my money? The same organization that has continued to devalue my hard earned money with excessive inflation?
|
The Fed is subject to oversight.
The organization that is devalueing your currency is called the US Goverment (Congress, Treasury, IRS, etc) which is spending like a drunken sailor on Social Security, Medicare/Medicaid and two wars.
The Fed has been around for almost a century. Did you just learn of its existence in the last year or so or have you always held such strident opinions in opossition to it? Every advanced economy has a Central Bank. All you are doing is inventing an issue to get all wound up about.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
