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Posted on 9/21/22 at 9:05 am to stout
quote:
End the fed. Its time
This country would absolutely collapse if we ended the Fed. I’m sorry but the American public is not smart enough to handle the economic turmoil our country would go through if we did not have a Federal Reserve.
They are simply there to fix the shite that’s cause by our Congress like spending trillions of our money in stimmy checks.
Posted on 9/21/22 at 9:15 am to stout
quote:
They want to send another $12 billion to Ukraine FYI
$12B is a drop in the bucket but I do get what you are saying and it is stupid.
Posted on 9/21/22 at 9:19 am to stout
quote:
End the fed. Its time
I don’t think we could end it without collapsing the economy. But it should be audited and controlled by the treasury
Posted on 9/21/22 at 9:20 am to RLDSC FAN
But there's no inflation 
Posted on 9/21/22 at 9:21 am to RLDSC FAN
Biden has a plan. I just know it.
Posted on 9/21/22 at 9:23 am to BamaCoaster
The largest debt holders be like 7 trillion owned by the govt and agencies. Den it be like 7 trillion in foreign national holders den it be like companies/private holders own da rest. Which be like 25 trillion or sumpin sumpin
This post was edited on 9/21/22 at 9:24 am
Posted on 9/21/22 at 9:27 am to MoarKilometers
quote:
Pretty sure stagflation is why a certain president was pressuring the fed last half of 2019 for those 3 rate drops. That dumbass seriously wanted 0%
Literally, nothing you said is true. It was 2018 he was fighting a rate increase because he was worried it would kill the momentum of the economy.
LINK
This post was edited on 9/21/22 at 12:48 pm
Posted on 9/21/22 at 9:28 am to HeadSlash
quote:
But there's no inflation
It's transitionary...19 months later
Posted on 9/21/22 at 11:46 am to BamaCoaster
quote:
And who do we pay that to?
Anyone who holds US Bonds/Treasuries.
Posted on 9/21/22 at 11:56 am to seawolf06
Which is damn near every govt and financial institution.
It amazes me how some people think our “debt” is some loan that we can just refuse to pay to some foreign country.
It amazes me how some people think our “debt” is some loan that we can just refuse to pay to some foreign country.
Posted on 9/21/22 at 12:45 pm to SquatchDawg
quote:
Which is damn near every govt and financial institution.
Which is a really good thing being the entire world has a huge vested interest in our economy.
As long as we have the strongest military in the world we can always flex on anyone if we have to. And we also can always raise taxes on our citizens to pay the interest on the debt (as much as i disagree with that sentiment, it’s true). This is why we can’t theoretically default.
Posted on 9/21/22 at 12:48 pm to upgrayedd
quote:
And yet Republicans will likely gain only a modest amount of power even as the Democrats try to hand them congress on a silver platter
Then do absolutely nothing with it until they lose again and then they all get cushy lobbying gigs.
Posted on 9/21/22 at 1:06 pm to RLDSC FAN
So how are rates of 3-3.25% supposed to slow inflation running 10-15%
Posted on 9/21/22 at 1:09 pm to RLDSC FAN
quote:
Fed almost certainly will approve a 0.75 percentage point hike
It's official. 0.75 hike, but markets are still falling a bit even though it was "priced in".
Posted on 9/21/22 at 1:17 pm to upgrayedd
quote:
And yet Republicans will likely gain only a modest amount of power even as the Democrats try to hand them congress on a silver platter
The Economist (which a fairly trustworthy publication in these partisan times) developed broad-based statistical models predicting that the Democrats will maintain (or increase) control of the Senate, while Republicans will gain a narrow edge in the House. This is a far better prognosis for Democrats than one would expect based on the state of the economy and Biden's doddering, geriatric leadership style. Democrats and their allies in the media have manipulated and galvanized female voters with the Dobbs decision and have effectively transformed Trump into a perpetual boogey man. If the Democrats somehow consolidate control of the legislative branch and/or abolish the filibuster, there will be no escape from their collectivist, progressive, quasi-socialist agenda. The era of great American individualism is under seige.
This post was edited on 9/21/22 at 1:19 pm
Posted on 9/21/22 at 1:28 pm to stout
quote:You mean back when Trump was whining about them being too high?
Rates should have gone up years ago.
Posted on 9/21/22 at 1:34 pm to DmitriKaramazov
quote:
The Economist (which a fairly trustworthy publication in these partisan times) developed broad-based statistical models predicting that the Democrats will maintain (or increase) control of the Senate, while Republicans will gain a narrow edge in the House.
This is an optimistic view on the part of Democrats. The GOP will win bigly in the House, the only questionable thing is if the GOP is able to swap a seat or two in the Senate.
Both of these go continually more +GOP as food and electricity prices continue to rise.
On the horizon, expect Unemployment to start creeping up as well, that will also give the GOP a boost.
This post was edited on 9/21/22 at 1:35 pm
Posted on 9/21/22 at 1:43 pm to FieldEngineer
..and now it's up. 
Posted on 9/21/22 at 1:45 pm to RLDSC FAN
Potato head doesn’t even understand basic economics.
This post was edited on 9/21/22 at 1:45 pm
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