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Old 06-25-2020, 08:41 PM
 
10,585 posts, read 4,602,795 times
Reputation: 2190

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Quote:
Originally Posted by NJ Brazen_3133 View Post
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.

https://www.youtube.com/watch?v=Bx5Sc3vWefE
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Old 06-25-2020, 09:09 PM
 
3,166 posts, read 3,012,096 times
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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.


https://www.weforum.org/agenda/2019/...obal-currency/

https://www.npr.org/sections/money/2...will-that-last

https://www.coindesk.com/after-coron...one-the-dollar


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)
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Old 06-25-2020, 09:10 PM
 
2,627 posts, read 1,005,147 times
Reputation: 6614
Quote:
Originally Posted by Hoonose View Post
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
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Old 06-25-2020, 09:34 PM
 
10,585 posts, read 4,602,795 times
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Quote:
Originally Posted by TimAZ View Post
“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.

Friends of Public Banking - Muscle Shoals Article
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Old 06-25-2020, 09:50 PM
 
2,627 posts, read 1,005,147 times
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Quote:
Originally Posted by Hoonose View Post
Ford and Edison at Muscle Shoals and talk of gold, money and debt.

Friends of Public Banking - Muscle Shoals Article
Great article — thanks for the historical perspective. The NYT was a different publication back then.
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Old 06-26-2020, 03:06 PM
 
14,213 posts, read 5,866,456 times
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Quote:
Originally Posted by Taggerung View Post
Or is the USD immune to the laws of finance and economics?

Maybe it's the "laws" of finance and economics that is the illusion?
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Old 06-26-2020, 03:43 PM
 
10,585 posts, read 4,602,795 times
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Quote:
Originally Posted by oceangaia View Post
Maybe it's the "laws" of finance and economics that is the illusion?
Rule by fiat, decree.

https://www.google.com/search?source...sclient=psy-ab

Modern sovereign money is in many ways and times essentially an illusion. Created and enforced by decree.
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Old 06-26-2020, 05:27 PM
 
Location: Brawndo-Thirst-Mutilator-Nation
17,959 posts, read 18,140,113 times
Reputation: 14589
fedgov can and will prop-up the stock and housing markets with nearly endless $upport...............and yes, it will have consequences.
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Old 06-26-2020, 06:07 PM
 
972 posts, read 583,373 times
Reputation: 1650
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!
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Old 06-26-2020, 08:23 PM
 
8,389 posts, read 7,531,341 times
Reputation: 4007
Quote:
Originally Posted by ciceropolo View Post
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.


https://www.weforum.org/agenda/2019/...obal-currency/

https://www.npr.org/sections/money/2...will-that-last

https://www.coindesk.com/after-coron...one-the-dollar


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 View Post
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.
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