So do people on here know anything about the Federal Reserve or Central Banking or do they just claim to hate it for no reason?
So do people on here know anything about the Federal Reserve or Central Banking or do they just claim to hate it for no...
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it's pure usury
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debt
debt
debt
It completely removes any semblance of free market capitalism from the system.
Money printing enables wars to last exponentially longer than they would if tax payers had to directly foot the bills.
It also means that money will be in a perpetual downward value spiral, ultimately leading to a collapse while the bankers themselves accrue all the material wealth.
It's evil, and most people don't even know it exists.
bump
> It completely removes any semblance of free market capitalism from the system.
How exactly? We and nearly every other developed country are free market capitalist economies.
> It also means that money will be in a perpetual downward value spiral
This tends to happen anyway, inflation happens naturally over time in pretty much any system, but depends based on money velocity and a couple of other factors.
> Money printing enables wars to last exponentially longer than they would if tax payers had to directly foot the bills.
The Fed doesn't actually print money, it has some control over the process of creating money through monetary tools like Quantitative Easing, but the Mint creates money, not the Fed, and even then creating the amount of money to drastically prolong a war would require so much economic change that it would destabilize the economy and so it isn't really done beyond a minor level.
I've seen these types of videos before but it ignores the reason the Fed became a thing in the first place, which was to control speculative bubbles and increase stability in the market, which before the Fed was heavily subject to speculative booms and crashes which negatively affected the economy.
Well, there's this, and the fact that no one really know anything at all about it.
That's the problem. Name the last audit of the Federal Reserve.
The Fed’s Board of Governors is subject to an audit every year by the account services firm Deloitte Touche Tohmatsu Ltd. using generally accepted accounting principles, or GAAP.
Where it gets a bit murkier is that the 12 Federal Reserve District Banks are not audited using the same GAAP standards they don’t use the rules they enforce on banks.
It is not audited in the way many critics would like, with a full accounting of its holdings, and especially what it has done since 2007, the Fed publishes information on its balance sheet, and that info is a key part of monetary policy. However, it is true that it’s never undergone a complete audit comparable to what a private-sector firm might.
However, there's nothing stopping legislation from doing just that.
>I've seen these types of videos before but it ignores the reason the Fed became a thing in the first place
ah, if it is the history of the banking system, this is video you need to see
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>fitblackgirl1
Post number 2, please.
>skinny fit black girls
level of my dick=muh
You want your money to lose a small amount of value each year. It encourages spending and keeps the economy flowing. If you want to see what deflation does look at Japan, people just keep hoarding money and no one buys anything, wages haven't gone up in decades, stores keep having to lower prices gaining less profit, etc.
Jews
FRACTIONAL RESERVE BANKING REEEEEEEEEEEEEEEEEEEEEEEEEE GET THE FUCK OUT FUCKING GLOBALIST SHILLS
well it's made up of private bank bosses, and acts in their interests.
also they know jack shit about economics, and have far too much power for such an opaque organisation, see greenspan.
a central bank is a neccessity but the fed is hardly the best way to do it. it just won't get reformed until they fuck up hard enough.
...
It's just some old photo before I think I found her actual name.
Can you give me mathematical reasoning as to why the Fed is worse than having a currency without central banking policy? If it were so superior why does virtually every competitive free capitalist economy have one and use central banking policies? You'd think if it was bad or inefficient it would have been dropped by now.
See pic
Also and Don't forget Fractional Reserve Banking
>which was to control speculative bubbles and increase stability in the market
yeah because booms and crashes have clearly not happened in the past 100 years since the founding of the fed...
also, found the shill.
I'm pretty sure at this point, if the fed reserve gets audited, open revolts and call for revolution will occur the next day
I don't like it because Ron Paul doesn't like it.
I DARE YOU TO EDUCATE YOURSELF AUTIST
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yeah you're funny you think the average person knows absolutely anything about banking or monetary policy and would be able to make sense of an audit
>so do people (((on))) here...
Go back normie
nah, the story'd be buried in the headlines by some other shit, and the few people who bother to read it will come to the grim realization that this system does not work the way they've been told.
kind of like what's happening with wikileaks' vault 7 stuf
> well it's made up of private bank bosses, and acts in their interests
The Board of Governors of the Federal Reserve System is a government entity. The 7 members (including the chairman) are appointed by the president with the advice and consent of the Senate, and report semiannually to Congress.
Ben Bernanke wasn't involved with private banking at all and much of the Federal Reserve isn't at all and doesn't act in those interests whatsoever.
> also they know jack shit about economics
HAHAHAHAHA, do you have multiple Ph.D.'s in economics? Greenspan may have a fuck up or two but to claim he knows nothing about economics is asinine.
Econ grad student here. In theory it works great, the problem is nobody really knows what happens behind closed doors. The regulators who "audit" the Fed every year can easily be bought off as the federal reserve literally controls the money supply. Regardless of what Libertardians will tell you, yes it works great to expand and contract the economy to attempt to prevent/lessen the effects of recessions. The only problem is corruption, which will obviously occur in such a system.
>This tends to happen anyway, inflation happens naturally over time in pretty much any system, but depends based on money velocity and a couple of other factors.
Only when the money supply is constantly expanded.
by creating a debt you effectively print money.
whether the bank is private or public.
Do you know how common or frequent speculative booms, bubbles, crashes, etc. happened before the Federal Reserve compared to how much they happen now or since its inception?
That's a horrible reason to like or dislike something.
How many of these are written or informed by actual economists with an understanding of federal monetary policy and its effects on the economy? How many of these people have any formal economics knowledge whatsoever?
Create bullshit imaginary money and lent out to be paid back in real money via goods and services. The kikes really outdid themselves with this one. Biggest fleecing in history of planet. USA owes Jews over a trillion dollars for this currently. I know the other shit they taught in various Econ classes but none of it really matters. Until the day of the rope nothing really matters.
If you want to argue, you should have some idea of what you're arguing against.
i know that the European bankers did everything in their power to fuck with the US economy and it was still the envy of the world.
i also know that i've lived through at least three serious speculative crashes myself (87, 01, 08)
keep sowing doubt, shill. you know the score.
some of the marginal board members know what they are talking about but the ones who get their way are the politically adept idealogues like greenspan and bernanke, allowing the biggest bubble in history to develop, thinking debt had no downside is pretty retarded, and calling it a fuck up or two hardly covers it. he was told what he was doing was reckless but he thought he was god
considering the economics they were taught has no modelling for debt, banks, or interest a phd proved to be pretty worthless.
it's like getting a degree in science but you're restricted to 15th century textbooks.
Not saying you're wrong, but can you explain why your money becoming worth less encourages spending? Because people know they'll have to pay more for the same thing in the future?
they hate it for no reason. I wish anons would at least take econ 101 before going on about the fed
Can you write a $10,000,000,000 check on your zero balance checking account and have it clear?
The Fed can. And does. Every damn day.
Why is that, do you wonder?
>nothing
I wouldn't call teams of assassins "nothing".
Hit the archives faggot.
that topic has been discussed endlessly for years on this site.
Go back to facebook.
They keep them because they are bad and inefficient.
The debtor is slave to the lender.
Always.
That pic reminds of me of this real time jewtube video of the Titanic sinking. Despite the tragedy of the Titanic sinking, this video is pretty comfy if you put it on in the background some night while sitting in the dark.
Couch costs $100 today, $200 tomorrow.
When do you buy it?
> t. I know nothing about the Fed or Monetary Policy but let me shoot off my expert knowledge about it
Actually the 01 Crash is a good example of the Fed mitigating potentially very serious consequences of a crash very well, even if it did to some extent just push the problem further down the road.
Do you? Do you know anything about economic theory, fiscal policy, etc.? Or do you just parrot things you heard in documentaries and read from people who don't know anything about what they talk about?
You stupid motherfucker.
That's exactly what happens in the real world. Bankers buy bonds from the government, sell them to the Fed, take the Fed check and deposit into their bank, and it fucking clears.
Even though the Fed bank has zero fucking dollars in their checking account.
$10,000,000,000 has just been ghosted into the economy.
Rinse and repeat every fucking day.
You clearly don't know jack shit about the economy, fiscal policy, etc., so shut your faggot mouth before someone sticks a barrel in it.
*eases you quantitatively*
They don't even bother printing the phony money anymore; they have digitized it.
they just keep digitally adding zeros to the money supply as needed.
> that topic has been discussed endlessly for years on this site.
Has it been had with an understanding of fiscal or monetary policy, econometrics, etc.? Or just spouting off platitudes from Ron Paul and stuff about Muh Jooz?
>anymore
since when was the money supply linked to how many notes and coins were in circulation?
How much for half a dozen?
We know fucking TONS.
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> Can you give me mathematical reasoning as to why
It's not mathematical. It's sociological. The math models are a shell game the bank insiders play while in reality their scams are very, very unsophisticated. They conspire to rig interest rates and markets in their favour, and use connections in government to rig laws as well, and ultimately make the taxpayer bail their schemes out after they inevitably collapse.
Do you have a single model which takes into account the cronyism and networking among the banks? If not, why not? You argue it has no influence? Less than any of the inputs you've chosen for example?
> having a currency without central banking policy?
There's a difference between havong a central bank policy, and having it run by an international corrupt cartel. Go on being naive about it if you want.
I can be used in a manner that would be beneficial to the American people. Post alot of deregulation and lowering of taxes to build business volume and, subsequently, more tax revenue.
I'm tired of its current form as a monopoly money bank funding little pet projects.
user don't waste your breath, literally this person knows nothing when it comes to banks putting a country in debt and monopolizing your government, this is a shill thread. sage.
>How many of these people have any formal economics knowledge whatsoever?
Plenty of them do.
When we give sources, you will ask for those with "formal" credentials.
When we give those, you will ask for those with "Ivy League" qualifications.
When we give those, you will sk for those with "professional experience".
When we give those, you will ask for those with "insider knowledge".
Ultimately, you will only accept sources which the banks themselves sanction, as well you know to begin with. It's not about the truth, mathematical or otherwise for you. It's about social class and in-group status.
This is why the Fed is so corrupt.
>$10,000,000,000 has just been ghosted into the economy.
To be fair, a lot of IS ghosted back out when the Government pays back the bond. But by then the interest has done a few rounds, inflation has kicked in, and the government comes back looking for a bigger ghosting, which the fed justifies on the amount of ectoplasm that's already been injected.
And everyone gets a cut.
>However, there's nothing stopping legislation from doing just that.
Money
Hey cock sucker, how about instead of just condescendingly asking a bunch of questions, why don't you make a point?
What's your proposal for the federal reserve? Clearly you came here with an agenda.
> What's your proposal for the federal reserve?
What do you mean exactly, what my problem is with it? How I would change it? I don't have a problem with it and wouldn't change it from my limited knowledge of the subject, although a lot of people seem to spout on and on about how evil it is without knowing much about it, which pisses me off.
Yeah that was what I assumed, but your example is one of extreme inflation, and I'm not sure whether regular minor inflation is taken into account when it comes to people's shopping habits
You really are a Jew, though. You misrepresented my question in a single word.
I asked you, as you quoted: "what is your proposal for the federal reserve?" I didn't ask you "what is your problem with the federal reserve?". Only Jews do this.
So tell me, Jew. Why did you come here to talk about the federal reserve? Create a point of positive conversation pertaining to it. You haven't contributed an iota of any merit to this thread at all.
You admit that you have limited knowledge of it, but you also are "pissed off by the fact that others don't know much about it" yet call it evil.
Put forth a point of any value, you fucking faggot Jew, or get the fuck out. Do you know why people hate you? It's exactly for this manner of behavior.
that is bullshit reasoning. what is best is for money to have the same value from year to year. stable value of money is not the cause of deflation.
>using generally accepted accounting principles, or GAAP.
Mark to market accounting principles?
The very same ones that said Lehman's, AIG, and nearly all the banks in the US, UK, and EU were well capitalised mere months before they all needed a bailout?
You've heard of Enron right? You know that was primarily an accounting fraud right? Athur Anderson was part of the big _five_ AC firms at the time.
> It is not audited in the way many critics would like
Yes, because the Fed objects to any open audit, going so far as to legally challenge any public audits. Ask yourself, what should a central bank possibly have to hide in an audit?
> However, there's nothing stopping legislation from doing just that.
Yes there is. The Fed successfully lobbied to stop any comprehensive audits. It's not an independent organisation if it writes its own laws.
>I don't have a problem with it
You don't have an issue with keeping interest rates at near zero for 5+ years, and the Fed and ECB buying private assets on the secondary market to keep bond prices up and government and big corp credit cheap? You think that's perfectly within the proper remit of an "independent" central bank.
Do you even know what, say, QE is? What current reserve ratios are? The present size of the Fed's balance sheet, or what it was supposed to be by this point?
Do you know anything except that the Fed is a big pile of money you like?
If you freely admit that you have only limited knowledge of it, then you aren't in any position of authority to be pissed off by "other people not knowing anything about it."
You are a faggot, and you should find something productive to say or you should get the fuck out of this thread.
Maybe you should just be clearer or less general or vague with your questions then
> "what is your proposal for the federal reserve?"
What exactly does this mean? What am I proposing for the federal reserve? I believe I answered that by saying what I would do. That is unless you meant something different in which your case you asked a shitty vague question.
> Calling everybody you disagree with or don't like a Jew
ok, thanks, I'm so offended.
> You admit that you have limited knowledge of it, but you also are "pissed off by the fact that others don't know much about it"
I don't know much about computational topology and yet it's also fairly easy to tell when you have a fraud spouting off about it when it's something he knows nothing about. Economics is a serious discipline and the Austrian school is a joke that basically doesn't view empirical models as useful.
I came to learn mostly if people here have econometric, monetary, fiscal, etc. arguments against the Federal Reserve and were well-learned or read in it as opposed to just making emotional or superficially complicated but ultimately shallow or unsatisfactory arguments
>Do you? Do you know anything about economic theory, fiscal policy, etc.? Or do you just parrot things you heard in documentaries and read from people who don't know anything about what they talk about?
Listen to this wise man, user. Only exceptional intellectuals with special degrees can understand what happens when you have the power to create money out of thin air. This subject is best left to the rabbis at the Fed.
This is the type of post or posts I was looking for throughout the entire thread, thank you.
>Control the mechanism of money creation.
>Print free money
>Give it to politicians
>Use political influence to control the means of money creation in the next country.
500 years of (((Double Accounting)))
>It's not mathematical. It's sociological. The math models are a shell game the bank insiders play while in reality their scams are very, very unsophisticated. They conspire to rig interest rates and markets in their favour, and use connections in government to rig laws as well, and ultimately make the taxpayer bail their schemes out after they inevitably collapse.
Federal Reserve, you are FAKE money!
Used to be discussed at length when the board was small and nothing but in depth discussion.
Those discussions shaped board culture and now it's a widely accepted belief.
Why the fuck did your Jewish ass create this thread in the first place? It certainly wasn't just to posit questions into thin fucking air.
>what is your proposal for the federal reserve
This is a polite way of asking you the above: why the fuck did you make this thread?
> I believe I answered that by saying what I would do.
You literally two posts up just said you wouldn't change anything about it. So you said you would do nothing. So why the fuck, again, did you make this fucking thread? You, fucking, JEW.
> Calling everybody you disagree with or don't like a Jew
No, you fucking nigger Jew. I call JEWS Jews, because I am able to identify them from their semantic word games. Just like the one here.
You are wilfully misrepresenting everything put upon you. This is literally the exact characteristic of Jews which everyone hates. I have encountered, identified and pinned it down literally hundreds of times in hundreds of different conversations, and in each the slimy, niggardly worm responsible is a fucking JEW. I'm calling you a Jew because: (1) you are, and haven't even bothered to deny it and (2) because you are engaging in misrepresentative semantic games that are the literal hallmark of the Jewish people for thousands of years.
>I don't know much about computational topology and yet it's also fairly easy to tell when you have a fraud spouting off about it when it's something he knows nothing about. Economics is a serious discipline and the Austrian school is a joke that basically doesn't view empirical models as useful.
I came to learn mostly if people here have econometric, monetary, fiscal, etc. arguments against the Federal Reserve and were well-learned or read in it as opposed to just making emotional or superficially complicated but ultimately shallow or unsatisfactory arguments
WAS THAT SO FUCKING HARD
DO YOU SEE WHY PEOPLE FUCKING HATE YOU
JUST PUT THAT IN THE FUCKING OP AND SAVE EVERYBODY SOME FUCKING TIME
Fucking kike JIDF thread. Fuck off you faggot
Unironically, I started learning about the federal reserve through alex jones and that one zeitgeist documentary on youtube.
>Economics is a serious discipline
It is not. It is principally a form of academic propaganda to justify the policies of banks and government ex-post facto. Read up on Ken Rogoff's excel sheet erros which were used to justify worldwide austerity, or the classic tale of Long Term Capital Management. Go all the way back to Adam Smith if you like. The man's opinions change with his employment fortunes.
We live in a world where the Fed has been failing to resolve a textbook financial crisis for over 10 years now, a crisis the Fed itself not only allowed to happen, but actively promoted as early as Greenspan.
> as opposed to just making emotional or superficially complicated but ultimately shallow or unsatisfactory arguments
I'm sorry, but this is an imageboard. You cannot seriously append such qualifications to what you honestly expected to read on making this thread. At best, you will get general overviews and alternative links, if you had a care to explore them.
If you want the views of an insider who disagrees with the Fed's current rosy outlook, read Neel Kashkari's analysis. He's the head of the Minneapolis Fed and is essentially tacking against the groupthink wind. Not everyone worships central bank omnipotence. With good reason.
The fed releases the minutes after meetings and the original transcripts of their meetings with a five year lag. federalreserve.gov
>Can you give me mathematical reasoning as to why the Fed is worse than having a currency without central banking policy? If it were so superior why does virtually every competitive free capitalist economy have one and use central banking policies? You'd think if it was bad or inefficient it would have been dropped by now.
>Do you know how common or frequent speculative booms, bubbles, crashes, etc. happened before the Federal Reserve compared to how much they happen now or since its inception?
You didn't watch the video I gave you user Bankers have been fucking with national economies for hundreds and hundreds of years and publicly bragged about it. Want proof? Watch the damn video.
Central banking is a mass wealth transfer from the people to the bankers, under the auspice of 'stabilization'.
Why the fuck did you even make this thread?
this, fucking this,
fucking this entire post
/thread, op has his answer
>Be me
>Own a bank
>People trust me with their money, the dumb fucks
>Make some loans out to family knowing they won't pay me back
>Make more loans out to people who slave and toil away to pay me back
>Profit++
>Keep making loans out to family
>Tell my family to expand our fractional reserve banking worldwide with the funds I've loaned them
>Lobby legislators to enact Central Banks in each country where I operate using money that people deposit to me
>Make shitty loans to shitty people to buy shitty property and inflate bubbles everywhere
>When those loans go bad the central bank bails me out
>Do the same shit over and over until it's 2017
>Buy media companies to influence public opinion
> Use money to influence the deep state to wage wars vs people and countries that threaten me
OP, have you found her name yet?
Yeah, see the filename in , it's Qimmah Ruso
This is a great post, thank you, potato.
No, we drove out all the goldbug morons when was created; they migrated there, got BTFO by people like me who actually have wealth exposed to the market and understand monetary economics. Now these faggots are returning to Sup Forums and shitting up the place with their fucking nonsense faggotry.
((( )))
The federal reserve is run by the Jews
central bank is a necessity.
what are you new?
britain has been jewed so hard it doesn't even remember the talley stick.
USURY is USURY. we don't need this system, it leeches we the people in keeps us in perpetual debt.
basically the fed prints ious that we have to pay back with interest, but since they print the ious theres no way to ever really get out of the debt.
Sauce?
>Economics is propaganda
What? So following basic economic practices for your economy (limited resources have limited uses and distributing those resources to accommodate need) is propaganda?
It's a tool of the jew to subject us to their rule.
Our ancestors enslaved us, we can break the bond !
What, when did I say economics is propaganda?
> filename
Qimmah Russo
Yeah, so necessary in fact, that almost every single founding father of AMERICA argued against it's creation and up to our 20th president as well. Go stick a hot poker down your throat.
Sorry man, misclicked.
...
no worries, man. we're on the same side: anti-usury (i.e. central bank).
anons might interested that Marx thought a central bank was integral to the dictatorship of the proletariat. he calls it a national bank, but you know, a jew is breathing so he is lying.
...
actually i have a international business degree and i have read a lot of news about business.
believe me federal reserve or central bank of most of countries around the world have a lot power and very little people control all. basically is true a lot of things that writing here are true.
I know quite a lot about it, and I certainly don't hate it.
But your failure to nationalize the Federal Reserve is really dumb.