4 ms·
At least partially because the Federal Reserve targets an unemployment rate high enough to keep some percentage of people desperate.
by techdmn 3y ago
At least partially because the Federal Reserve targets an unemployment rate high enough to keep some percentage of people desperate.
- Geisterde 3y agoThe true cause of societies ills, central banking.
- andsoitis 3y agowhat is your alternative proposal and what problems would it solve better?
- polarix 3y ago(presumably Geis’s comment was sarcasm?)
- jacquesm 3y agoNot really.
- Geisterde 3y agoA return to the gold standard would solve quite a bit. The ability to manipulate the money supply is too much power for any person or organization or government for that matter. This is the lifeblood of the economy, it is 50% of every transaction, of course when that gets corrupted everything goes with it.
- jacquesm 3y agoI don't see how the Euro is ever going to go back to being backed by gold, that makes no sense at all. It never was backed by gold since the day it was created.
- andsoitis 3y ago> A return to the gold standard would solve quite a bit. What would it solve? Do you know the reason why the gold standard was abandoned?
- Geisterde 3y agoI am well aware, the united states was issuing credit for gold they didnt have. Other countries got upset and wanted their share of the gold back. Rather than trading under a fair economic system, we abandoned the gold standard. Nixon blamed "speculators", but it was and is plainly evident that we didn't have the gold we claimed we did.
- andsoitis 3y agoWealth is not limited by the amount of gold you can mine from earth.
- mattmcknight 3y agoThe Federal Reserve of the EU?
- tasuki 3y agoThe article is about Poland, which is a country in Europe. It is a bit of a stretch to blame the US Federal Reserve.