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Started By
Message
Should the fed be independent?
Posted on 7/20/18 at 12:53 pm
Posted on 7/20/18 at 12:53 pm
I can see both sides of it. On the one hand I don’t like the idea of this kind of an apointed body making major decisions that will impact all Americans, on the other hand I don’t think we should be making decisions on interest rates based on the short term goals of politicians. What say you?
This post was edited on 7/20/18 at 12:56 pm
10
Posted on 7/20/18 at 12:54 pm to Draconian Sanctions
It should be abolished.
Posted on 7/20/18 at 12:54 pm to Draconian Sanctions
you misspelled illegal brother.
Posted on 7/20/18 at 12:55 pm to Draconian Sanctions
(no message)
This post was edited on 5/27/23 at 4:02 am
Posted on 7/20/18 at 12:56 pm to Rougarou13
quote:
It should be abolished
That seems like an extreme position
Posted on 7/20/18 at 12:58 pm to DelU249
quote:
Then why do you vote democrat?
I don’t really vote democrat as much as I don’t vote republican. I vote 3rd party half the time.
Posted on 7/20/18 at 12:58 pm to Draconian Sanctions
quote:
What say you?
How is anything government related considered independent when human beings with opinions are involved?
Posted on 7/20/18 at 12:59 pm to Draconian Sanctions
quote:
It should be abolished
That seems like an extreme position
It's the only way. And while we're at it, scrap the FDIC, too. It only encourages banks to make risky loans at the taxpayers' expense.
This post was edited on 7/20/18 at 1:00 pm
Posted on 7/20/18 at 1:00 pm to Draconian Sanctions
quote:
That seems like an extreme position
Why? What does the fed do that you can’t live without? What does having a central bank having so much control over our economy do that is so important?
Posted on 7/20/18 at 1:04 pm to Draconian Sanctions
quote:
It should be abolished
quote:
That seems like an extreme position
Why? It allows the Congress to borrow at will and we get stuck paying for stupid shite.
Posted on 7/20/18 at 1:08 pm to Draconian Sanctions
other than setting its actual policy goals, yes. unless they're clearly doing things counter to what would achieve those mandated goals
Posted on 7/20/18 at 1:13 pm to Draconian Sanctions
The Fed is a weird animal. It's a private/public organization.
On a day to day operation they are not governed by anything from the political world, but the Chairman and other heads are appointed by the Executive Branch and that is the extent of it....at least as the party line goes.
Why do you ask? I know right now people are bitching about the rise in interest rates, but sooner or later it was going to happen. Wall Street can't have free money forever.
On a day to day operation they are not governed by anything from the political world, but the Chairman and other heads are appointed by the Executive Branch and that is the extent of it....at least as the party line goes.
Why do you ask? I know right now people are bitching about the rise in interest rates, but sooner or later it was going to happen. Wall Street can't have free money forever.
Posted on 7/20/18 at 1:13 pm to Draconian Sanctions
As I said in another thread:
The Fed is not only unconstitutional, it is a power arm of the BIS. Anyone who doesn’t know what the BIS is or how it is insulated from any liability or prosecution from ANY country needs to do some independent learning.
The Fed is a set up to erode quality of life in order to make control of people easier and the those in control richer and more powerful.
Every American should know about this
The Fed is not only unconstitutional, it is a power arm of the BIS. Anyone who doesn’t know what the BIS is or how it is insulated from any liability or prosecution from ANY country needs to do some independent learning.
The Fed is a set up to erode quality of life in order to make control of people easier and the those in control richer and more powerful.
Every American should know about this
Posted on 7/20/18 at 1:16 pm to Draconian Sanctions
I predict the establishment/never Trumpers will deliberately sabotage the economy before 2020 election.
Posted on 7/20/18 at 1:18 pm to Northwestern tiger
so you're predicting a recession in the next 27 months or so?
Posted on 7/20/18 at 1:25 pm to 90proofprofessional
I think the general consensus among economists and investors is a recession in 2H19/1H20
Posted on 7/20/18 at 1:27 pm to Draconian Sanctions
quote:
I vote 3rd party half the time.
It’s a waste of gas to drive to a polling site to vote 3rd party.
Posted on 7/20/18 at 1:27 pm to IrishTiger89
quote:
I think the general consensus among economists and investors is a recession in 2H19/1H20
so is this "prediction" of pre-election economy-sabotage really just a preemptive excuse?
Posted on 7/20/18 at 1:28 pm to 90proofprofessional
quote:
other than setting its actual policy goals, yes. unless they're clearly doing things counter to what would achieve those mandated goals
The mandated objectives are:
1. maximum employment
2. stable prices, and
3. moderate long-term interest rates
Seems rather subjective.
Posted on 7/20/18 at 1:29 pm to 0jersey
quote:
The Fed is a set up to erode quality of life in order to make control of people easier and the those in control richer and more powerful.
You really need to get off the crack pipe. The Federal Reserve is one of the owners of the BIS and if you don't have something of a central bank especially in today's world, you are going to have financial chaos every 5-7 years and you would have a harder time getting loans and emerging counties would not be "emerging"
I get it, you want a world of free banking like the period between the civil war and 1913
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