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Over the decades, I've come to form a very, very low opinion, if not complete contempt of the Federal Reserve who seems to be similar to our Senate in D.C.: completely out of touch with the majority of American people and their economy which does NOT have a chance of accumulating wealth in the economy designed by the Feds.
As a boomer from the working class, I was told that the stock market was for the rich. For us, we were better off saving what money we could in an FDIC account, protected since the Great Depression. We never dreamed of buying a home until we reached middle age. Now, thanks to the Fed, there are no safe savings vehicles, and the only chance Americans have of accumulating assets is the stock market or housing, which most cannot afford even before their shenanigans.
It is a farce to think that the Federal Reserve is anything more than a handmaiden for the banking industry and I personally think our Legislature should disband it and enact laws that make saving liquid funds possible for working people.
Andrew Jackson knew the Central Bank (FR in our case) would ruin the wealth of the people, so he banned it, when became a US President. JFK made some steps to get rid of FR, but - you know, what happened.
Yes, and I was told exactly what I wrote. The respondents' errors in assumption was that I invested as advised. I did not. I was lucky in that I was also paying attention to what was happening in the world. I still am, and I look at the big picture. While your numbers are more than likely accurate for the few that fell into the category of economics you address, there are many more that never have the advantage of being able to invest at all. Many of that middle class that remain are hanging on by their teeth and they are wearing dentures, so to speak.
The categories of economics that I address cover everyone.
Andrew Jackson knew the Central Bank (FR in our case) would ruin the wealth of the people, so he banned it, when became a US President. JFK made some steps to get rid of FR, but - you know, what happened.
9FED
1. Most of the founders were afraid of a central bank as in nationalized banking.
2. Spouting conspiracy theory nonsense does not help your case.
1. Most of the founders were afraid of a central bank as in nationalized banking.
2. Spouting conspiracy theory nonsense does not help your case.
How is the Fed substantially different from nationalized banking when the Fed board is installed by the US President? It acts like a quasi-governmental organization.
This is not some unbiased private enterprise immune to politics and lobbying.
Say the US government today just nationalized the Fed straight up. What would change?
As a boomer from the working class, I was told that the stock market was for the rich.
That's why they invented 401K's, as back in the 1970's; stock was considered purely speculative.
The Federal reserve should never have been created, as they are not Federal; and they certainly have no reserves...barring the worthless fiat currency. Which at the moment, is still the best smelling turd in the bowl; while European currencies are on the verge of implosion.
Here's the dilemma, nobody trusts governments and banks in this country anymore; and for good reason.
Next summer begins the new digital currency, which is the end game on privacy; and allows total control of peoples' lives. Americans won't accept this unless they become desperate, then viola!; everyone gets 10K free digital when the greenback finally collapses.
This is all by design, don't believe me?; the WEF is so arrogant they tell you what they have planned on their own website.
Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson The Money Masters – Famous Quotations on Banking
That's why they invented 401K's, as back in the 1970's; stock was considered purely speculative.
The Federal reserve should never have been created, as they are not Federal; and they certainly have no reserves...barring the worthless fiat currency. Which at the moment, is still the best smelling turd in the bowl; while European currencies are on the verge of implosion.
Here's the dilemma, nobody trusts governments and banks in this country anymore; and for good reason.
Next summer begins the new digital currency, which is the end game on privacy; and allows total control of peoples' lives. Americans won't accept this unless they become desperate, then viola!; everyone gets 10K free digital when the greenback finally collapses.
This is all by design, don't believe me?; the WEF is so arrogant they tell you what they have planned on their own website.
Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson The Money Masters – Famous Quotations on Banking
Do poor people really need banks?
They cash their checks and start paying their bills ,buy what they need,depositing the check into bank account just slow them down.
How is the Fed substantially different from nationalized banking when the Fed board is installed by the US President? It acts like a quasi-governmental organization.
This is not some unbiased private enterprise immune to politics and lobbying.
Say the US government today just nationalized the Fed straight up. What would change?
The Fed. does not engage in retail banking.
The Fed. is far less biased and more immune to politics than say a congressional committee. What are the chances a regular governmental agency running The Fed. would have behaved as Paul Volcker did taming inflation from the very late '70-the middle '80s? The fact is every first world economy is managed by an organization similar to The Fed.
If via some means the Fed. was nationalized it would become overtly political from day one.
LOL, I knew you'd say that.
Lunacy is exactly what the Fed Res has been doing for a century, lining their own private bank pockets; while some people work 2 jobs.
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