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> The signal here should be read as "whatever it takes to avoid a depression." Should it? > If the Fed loses this fight, game over. It might be game over for
by dntbnmpls 7y ago
> The signal here should be read as "whatever it takes to avoid a depression."
Should it?
> If the Fed loses this fight, game over.
It might be game over for the Fed, but not the country. For most of america's history, the Fed didn't exist and the US did very well without the Fed.
It's the same silly fearmongering rhetoric by the abusive powerful to the masses. Without us, it'll be chaos. The same argument was made to justify the existence of monarchies. Without monarchies, it would be anarchy. The same to justify the existence of the pope and catholicism. Without catholicism, it would be depravity. Abusive spouses say that their to abused spouses, without me you are nothing.
Just maybe, the cause of our financial woes are the Fed itself? Maybe if we got rid of kings, religion, abusive spouses or the Fed we might be better off.
After all, the Fed is just a private institution ( an international banking cartel ) used to parasitically leech off the american people.
More aptly, the Fed is like an anarchist who sets your house on fire and then comes to your house to "help" you put out the fire.
- mannanj 7y agoI actually like this. I would upvote, but I dont see the option.