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We have the one of the most stable and globally valued currencies in the world. Our inflation rate is steady and well defined. That seems like a pretty enormous

We have the one of the most stable and globally valued currencies in the world. Our inflation rate is steady and well defined. That seems like a pretty enormous benefit to the American people. The profits go back to the Federal government: https://www.npr.org/2016/04/29/476203984/how-managing-money-creates-huge-profits-for-the-federal-reserve https://www.npr.org/2016/04/29/476203984/how-managing-money-... The "GlobalResearch.ca" website is for conspiracy theories https://en.wikipedia.org/wiki/Michel_Chossudovsky#Centre_for_Research_on_Globalization https://en.wikipedia.org/wiki/Michel_Chossudovsky#Centre_for...

FriendlyNormie 6y ago
Kill yourself.
kangaroozach 6y ago
That article doesn’t mention how the $100b in profit is distributed back to the Federal government. The profits are retained by the privately owned Federal Reserve and distributed to their secret list of individual owners. Also, the article says that there is almost no inflation (2016) but there should be inflation. They are using the wrong definition of inflation. The term is actually supposed to refer to inflation of the money supply not inflation of prices. Usually a consequence of inflation of money supply is inflation of prices, but there are other factors which can counter this and reduce prices. But even in 2016 there was inflation of the money supply by definition due to the newly created money by The Federal Reserve. More money means existing money has less purchasing power, so more of it is required to buy the same stuff (Or higher prices). But why could we have inflated money supply with steady prices? Perhaps because of technology. Tech creates efficiencies which make it cheaper to produce and sell goods and services. I’m sure there are other drivers, but that is a pretty powerful one.
- anoraca 6y ago
  100% of the profits are remitted to the Federal Government: https://www.nytimes.com/2018/01/10/business/fed-profits-treasury-2017.html https://www.nytimes.com/2018/01/10/business/fed-profits-trea...
MR4D 6y ago
That was true before 1907 as well. While the pound sterling was reserve currency back then, WWI ended that. The combination of massive production and consumption of the US caused it to warn reserve currency contention, and then WWII dominance at Breton Woods cemented it. Also, inflation was lower before the Fed existed than after it.

FriendlyNormie 6y ago

Kill yourself.

kangaroozach 6y ago

That article doesn’t mention how the $100b in profit is distributed back to the Federal government. The profits are retained by the privately owned Federal Reserve and distributed to their secret list of individual owners. Also, the article says that there is almost no inflation (2016) but there should be inflation. They are using the wrong definition of inflation. The term is actually supposed to refer to inflation of the money supply not inflation of prices. Usually a consequence of inflation of money supply is inflation of prices, but there are other factors which can counter this and reduce prices. But even in 2016 there was inflation of the money supply by definition due to the newly created money by The Federal Reserve. More money means existing money has less purchasing power, so more of it is required to buy the same stuff (Or higher prices). But why could we have inflated money supply with steady prices? Perhaps because of technology. Tech creates efficiencies which make it cheaper to produce and sell goods and services. I’m sure there are other drivers, but that is a pretty powerful one.

anoraca 6y ago
100% of the profits are remitted to the Federal Government: https://www.nytimes.com/2018/01/10/business/fed-profits-treasury-2017.html https://www.nytimes.com/2018/01/10/business/fed-profits-trea...

MR4D 6y ago

That was true before 1907 as well. While the pound sterling was reserve currency back then, WWI ended that. The combination of massive production and consumption of the US caused it to warn reserve currency contention, and then WWII dominance at Breton Woods cemented it. Also, inflation was lower before the Fed existed than after it.