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.
Yeah the fed is an independent agency staffed with unselfish public servants toiling for the common good and unburdened by politics....or so the govt textbooks tell us.
Yeah the fed is an independent agency staffed with unselfish public servants toiling for the common good and unburdened by politics....or so the govt textbooks tell us.
Indeed they don't control the money supply, but the GOVERNMENT does under the auspices of the FED. So technically no single politician control the money supply. They do control the government that also controls the FED.
How do you figure that the government "controls the fed"?
The Fed's role is defined by congress, and their chairman is appointed by Congress, but that isn't "controlling the Fed." They don't tell the Fed to raise or lower interest rates. The whole point of the Fed is that it creates a layer of abstraction between the government and the money supply.
How do you figure that the government "controls the fed"?
The Fed's role is defined by congress, and their chairman is appointed by Congress, but that isn't "controlling the Fed." They don't tell the Fed to raise or lower interest rates. The whole point of the Fed is that it creates a layer of abstraction between the government and the money supply.
Politics plays a big part on what the FED does. When the government needs to pay for these big bloated government programs, who do you think they get to print the money? The FED is suppose to be "private". And they're private in that they're not "officially" controlled by the government. But of course it's "protected" by the government. You aren't going to start a bank and issue your own currency, and it be considered legal in the USA.
Politics plays a big part on what the FED does. When the government needs to pay for these big bloated government programs, who do you think they get to print the money? The FED is suppose to be "private". And they're private in that they're not "officially" controlled by the government. But of course it's "protected" by the government. You aren't going to start a bank and issue your own currency, and it be considered legal in the USA.
this actually leads to a bigger point that almost every country manipulates their currency up or down. Trump loves to use that as a talking point about the trade deficit and I don't think people fully understand the topic.
this actually leads to a bigger point that almost every country manipulates their currency up or down. Trump loves to use that as a talking point about the trade deficit and I don't think people fully understand the topic.
Yeah, well this is why the government is at war with cryptocurrencies and commodities. People really look at the government controlling the money supply as an afterthought. But it's not, when you control the money, you essentially control everything. You've technically have turned your population into slaves. And that is what the government has effectively done to us via their money manipulation. But cryptocurrencies really do throw a wrench in the government's plans.
Even though the 99% also saw gains, the very rich pulled further ahead, increasing inequality and by definition, decreasing democracy. Because we have to choose; either massive income and wealth inequality where the donor class buy elections; or democracy. This inequality is DESIGNED by the donor class and we get what we deserve when we continue to vote for their puppets in both parties. Only Bernie Sanders was beholden to no one but the people in this election and fought for the 99%.
It's designed by government regulation, and when anybody wants to change it, you scream like a mashed cat.
Your class envy has you contorting like a pretzel.
How do you figure that the government "controls the fed"?
The Fed's role is defined by congress, and their chairman is appointed by Congress, but that isn't "controlling the Fed." They don't tell the Fed to raise or lower interest rates. The whole point of the Fed is that it creates a layer of abstraction between the government and the money supply.
Some of us would contend a layer of distraction between the gov and money supply. Not conspiracy laden, but just once would love to see an audit of the quasi-gov entity.
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.
