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.
When have incomes increased when FED prints more money? Any increases usually has nothing to do with FED action. Seems most of new money goes to bankers. They then do what they want with it.
Our central bank actions are still limited. If our broad middle class understood, they might ask for help or change.
The push for a global economic 'reset' has been accelerating and is going to a digital currency likely based on the same concept as the Bancor. My guess is countries like China, India, etc that have been hoarding hard assets of different types will argue to have a basket of resources to baseline the new digital currency through BIS / IMF / World Bank. Recent meetings of World Bank and financial leaders are trending that way. As the clamor for the "Reset" ramps up among world financial leaders, beware of the relation of the US Petrodollar as current world reserve currency to what such a World Currency digital 'Bancor' will mean.
The goal is to provide ultimate command control of the citizens around the globe, not necessarily the free flow of commerce efficiently as they will opine. (IMO)
Our central bank actions are still limited. If our broad middle class understood, they might ask for help or change.
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
— Henry Ford
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
— Henry Ford
Ford and Edison at Muscle Shoals and talk of gold, money and debt.
In 1913 the FED was created to AVOID ECONOMIC DEPRESSIONS and STOCK MARKET DEFLATIONS.
Is it wise what the Fed is doing? In my mind it is not; deperessions/deflations are the Night Side of the reality, During the Day everything grows; everything is ACTIVE. During Night, everything rests and returns to the (seed-)bed.
Powell is trying to avoid a DEPRESSION. Hard to blame him for trying to do his job. Will he succeed? I don’t think so. Remember, deflation and depression can’t be avoided, it needs to be endured.
The push for a global economic 'reset' has been accelerating and is going to a digital currency likely based on the same concept as the Bancor. My guess is countries like China, India, etc that have been hoarding hard assets of different types will argue to have a basket of resources to baseline the new digital currency through BIS / IMF / World Bank. Recent meetings of World Bank and financial leaders are trending that way. As the clamor for the "Reset" ramps up among world financial leaders, beware of the relation of the US Petrodollar as current world reserve currency to what such a World Currency digital 'Bancor' will mean.
The goal is to provide ultimate command control of the citizens around the globe, not necessarily the free flow of commerce efficiently as they will opine. (IMO)
No sovereign needs either BIS, IMF, or the World Bank for anything. a
Quote:
Originally Posted by C2BP
In 1913 the FED was created to AVOID ECONOMIC DEPRESSIONS and STOCK MARKET DEFLATIONS.
Is it wise what the Fed is doing? In my mind it is not; deperessions/deflations are the Night Side of the reality, During the Day everything grows; everything is ACTIVE. During Night, everything rests and returns to the (seed-)bed.
Powell is trying to avoid a DEPRESSION. Hard to blame him for trying to do his job. Will he succeed? I don’t think so. Remember, deflation and depression can’t be avoided, it needs to be endured.
Good Luck!
More like avoid depressions for banks, and the side market the banks have with each other only when trading stocks/bonds/etc etc.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
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.
