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Two words. Easy money.
Extremely cheap money for the past 2 decades, in the form of artificially low interest rates and US.gov printing will inflate bubbles in all kinds of assets which is exactly what we have today.
Stocks, crypto, real estate, art, exotic cars, etc.
Assume you were in control of macro-money policy (the discount rate, Fed. balance sheet, rrr, some control over dollar strength, managing the overnight funds market etc.) what would you have done differently? Differently against a backdrop of low demand, near zero inflationary pressures, sluggish growth and low to very low bond yields?
That's been the rallying cry of Ron Paul for quite awhile:
END THE FED!
The Federal Reserve and Central Banks in general are easily one of the most evil and corrupt institutions with far too much power of much of the world.
Against the backdrop that every important economy on Earth has its own version of The Federal Reserve, even the Russians, who would you put in charge of marco-money policy?
That's been the rallying cry of Ron Paul for quite awhile:
END THE FED!
The Federal Reserve and Central Banks in general are easily one of the most evil and corrupt institutions with far too much power of much of the world.
If you eliminate the Fed and Central banks, what replaces them? They all have many more functions than setting monetary policy, from providing overnight liquidity to running the transaction clearing houses that allow for direct deposit and paying your bills over the internet.
Against the backdrop that every important economy on Earth has its own version of The Federal Reserve, even the Russians, who would you put in charge of marco-money policy?
Quote:
Originally Posted by WRM20
If you eliminate the Fed and Central banks, what replaces them? They all have many more functions than setting monetary policy, from providing overnight liquidity to running the transaction clearing houses that allow for direct deposit and paying your bills over the internet.
Whatever we had before the creation of the Federal Reserve or the Rothschild Central Banks.
With the massive amount of money printing and (hyper) inflation, we are getting closer to that scenario.
I want you to take a deep breath and actually think for a minute, ok?
The US dollar is now the strongest currency in this world. The evidence of that is the decline of the euro, the decline of the British pound, the decline of the Swiss franc, and even the decline of Chinese yuan.
In order for the dollar to collapse, every other currency in this world would have to collapse too. If the dollar is stronger than those currencies that is the only logical conclusion to be drawn.
So, in essence, you argue that every currency in this world is going to collapse. Pardon me, while I take a break to suppress all my giggles.
Every time there is a recession there is always someone saying the same thing that you are now. "Total collapse is just around the corner". The problem is that total collapse never occurs. I think it is high time that those who have made these silly predictions in the past are held accountable for them. If you are wrong five times in a row why should anyone believe you now? Your doomsday scenario is just BS.
I want you to take a deep breath and actually think for a minute, ok?
The US dollar is now the strongest currency in this world. The evidence of that is the decline of the euro, the decline of the British pound, the decline of the Swiss franc, and even the decline of Chinese yuan.
In order for the dollar to collapse, every other currency in this world would have to collapse too. If the dollar is stronger than those currencies that is the only logical conclusion to be drawn.
So, in essence, you argue that every currency in this world is going to collapse. Pardon me, while I take a break to suppress all my giggles.
Every time there is a recession there is always someone saying the same thing that you are now. "Total collapse is just around the corner". The problem is that total collapse never occurs. I think it is high time that those who have made these silly predictions in the past are held accountable for them. If you are wrong five times in a row why should anyone believe you now? Your doomsday scenario is just BS.
Also, anytime someone utters the phase or alludes to hyper-inflation per The US they've given in to contrivance and bad information...............like say using, "The Creature from Jekyll Island" as their logical center point.
Whatever we had before the creation of the Federal Reserve or the Rothschild Central Banks.
Well, one of the things the Federal Reserve did was make it possible to deposit checks from banks where you didn't have an account. The FR runs nearly all the clearing operations in the US, and has been instrumental in making them efficient and low cost.
The Fed provides overnight liquidity to banks so they can meet their customers cash needs. I don't think we want to return to the days of full reserve banking.
The FR does many things that were not done before its creation. We do not want to lose those, unless you like bank panics and sever boom bust cycles.
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