5 ms·

They can be dissolved. The constitution does not require a central bank.

by notch656a 5y ago

nopenopenopeno 5y ago
- posnet 5y ago
  I wonder about these grand conspiracies. I am on the fence as to whether the world is controlled by a global elite of super geniuses stealing from the unwashed masses. Or whether the people in charge actually are just wildy incompetent. I'd say the evidence supports both.
  - tmn 5y ago
    Lying is not the same as incompetent. Also they have to pretend (lie) that they can do something impossible. They are not incompetent. The fed chairs are quite intelligent, but they are not running the show.
  - yhoneycomb 5y ago
    How is this a "grand conspiracy"? People are going to manipulate things in their favor as much as they have the power to do so. Oligarchs in America and elsewhere have the most power, and thus do the most manipulating. Also, it's no secret that the vast majority of wealth is concentrated in the hands of a few oligarchs.
    - vmception 5y ago
      As soon as they ever compete against each other, it's the same as none existing at all. That's the easiest way to dismantle that particular grand conspiracy. The most pragmatic approach is to understand that they don't rely on voting to get their way. But they absolutely compete for resource appropriation and their special interest. It is better if they act like gods of their particular domain or sector, so they can exert control over just that and not compete. But it also reinforces that they cannot and do not coordinate much together.
      - yhoneycomb 5y ago
        They have a whole lot more in common with each other than not. You haven't dismantled anything.
        vmception 5y ago
        Okay, is your view unfalsifiable? Like is it is possible to be proven wrong at all? What would that entail
      - aaaaaaaaata 5y ago
        I can't tell, are you saying Bilderberg does, or doesn't, represent fuckery?
        vmception 5y ago
        I’m saying there are so many groups like Bilderberg that its the same as none of them existing When I was in France, there were people super passionate about being sure I knew about the fraternities that control the world and the supporting conspiracy documentaries with ominous music for 2 hours, except these ones were french ones based in Paris So are these greater or less than Bilderberg What about the Trilateral Commission ALEC Fuck, the Lizard People
mensetmanusman 5y ago
You need a mechanism to decide the ratio of currency/population necessary to prevent a deflationary cycle.
- notch656a 5y ago
  You don't 'need' the fed. The country lasted 150 years without one, and shortly (less than 20 years) after its introduction, a deflationary cycle and great depression ensued. The fed preventing a deflationary cycle has been thoroughly and mercilessly disproven. Either the fed is powerless to stop the economic crisis we've suffered, or they're too incompetent to manage them. Either way it looks like they need dissolved.
  - mensetmanusman 5y ago
    The fed couldn’t possibly stop a deflationary cycle when the currency/population ratio was determined by how many atoms of non-oxidizing noble metals happens to be in the earth’s crust.
    - notch656a 5y ago
      The federal reserve themselves disagree with you [1]. Also note [2]: "In 1913, this problem was addressed by the creation of the Federal Reserve System (Fed).33 The Fed was to remedy the situation in a two ways. First, it would provide a means by which banks could borrow in times of stringency to satisfy their customers’ demand for cash. Second, it could create a new form of money, Federal Reserve notes, which could be expanded or contracted in quantity to respond to the need for more cash." "The creation of the Federal Reserve had little if any effect on the gold standard. The dollar was still defined in terms of gold. Federal Reserve notes were redeemable in lawful money. The Fed not only operated under the gold standard, but was charged with maintaining it, and kept a percentage of gold cover for its notes. Gold still dictated the value of the dollar. " [1] https://www.federalreservehistory.org/essays/great-depression#:~:text=The%20Federal%20Reserve%20could%20have,collapse%20was%20unforeseen%20and%20unprecedented https://www.federalreservehistory.org/essays/great-depressio.... [2] https://sgp.fas.org/crs/misc/R41887.pdf https://sgp.fas.org/crs/misc/R41887.pdf

They can be dissolved. The constitution does not require a central bank.

nopenopenopeno 5y ago

posnet 5y ago
I wonder about these grand conspiracies. I am on the fence as to whether the world is controlled by a global elite of super geniuses stealing from the unwashed masses. Or whether the people in charge actually are just wildy incompetent. I'd say the evidence supports both.
- tmn 5y ago
  Lying is not the same as incompetent. Also they have to pretend (lie) that they can do something impossible. They are not incompetent. The fed chairs are quite intelligent, but they are not running the show.
- yhoneycomb 5y ago
  How is this a "grand conspiracy"? People are going to manipulate things in their favor as much as they have the power to do so. Oligarchs in America and elsewhere have the most power, and thus do the most manipulating. Also, it's no secret that the vast majority of wealth is concentrated in the hands of a few oligarchs.
  - vmception 5y ago
    As soon as they ever compete against each other, it's the same as none existing at all. That's the easiest way to dismantle that particular grand conspiracy. The most pragmatic approach is to understand that they don't rely on voting to get their way. But they absolutely compete for resource appropriation and their special interest. It is better if they act like gods of their particular domain or sector, so they can exert control over just that and not compete. But it also reinforces that they cannot and do not coordinate much together.
    - yhoneycomb 5y ago
      They have a whole lot more in common with each other than not. You haven't dismantled anything.
      - vmception 5y ago
        Okay, is your view unfalsifiable? Like is it is possible to be proven wrong at all? What would that entail
    - aaaaaaaaata 5y ago
      I can't tell, are you saying Bilderberg does, or doesn't, represent fuckery?
      - vmception 5y ago
        I’m saying there are so many groups like Bilderberg that its the same as none of them existing When I was in France, there were people super passionate about being sure I knew about the fraternities that control the world and the supporting conspiracy documentaries with ominous music for 2 hours, except these ones were french ones based in Paris So are these greater or less than Bilderberg What about the Trilateral Commission ALEC Fuck, the Lizard People

mensetmanusman 5y ago

You need a mechanism to decide the ratio of currency/population necessary to prevent a deflationary cycle.

notch656a 5y ago
You don't 'need' the fed. The country lasted 150 years without one, and shortly (less than 20 years) after its introduction, a deflationary cycle and great depression ensued. The fed preventing a deflationary cycle has been thoroughly and mercilessly disproven. Either the fed is powerless to stop the economic crisis we've suffered, or they're too incompetent to manage them. Either way it looks like they need dissolved.
- mensetmanusman 5y ago
  The fed couldn’t possibly stop a deflationary cycle when the currency/population ratio was determined by how many atoms of non-oxidizing noble metals happens to be in the earth’s crust.
  - notch656a 5y ago
    The federal reserve themselves disagree with you [1]. Also note [2]: "In 1913, this problem was addressed by the creation of the Federal Reserve System (Fed).33 The Fed was to remedy the situation in a two ways. First, it would provide a means by which banks could borrow in times of stringency to satisfy their customers’ demand for cash. Second, it could create a new form of money, Federal Reserve notes, which could be expanded or contracted in quantity to respond to the need for more cash." "The creation of the Federal Reserve had little if any effect on the gold standard. The dollar was still defined in terms of gold. Federal Reserve notes were redeemable in lawful money. The Fed not only operated under the gold standard, but was charged with maintaining it, and kept a percentage of gold cover for its notes. Gold still dictated the value of the dollar. " [1] https://www.federalreservehistory.org/essays/great-depression#:~:text=The%20Federal%20Reserve%20could%20have,collapse%20was%20unforeseen%20and%20unprecedented https://www.federalreservehistory.org/essays/great-depressio.... [2] https://sgp.fas.org/crs/misc/R41887.pdf https://sgp.fas.org/crs/misc/R41887.pdf