Central Banking

Why does nobody question the federal reserve/central banking?

It's the MAIN REASON the economy is so fucking shit and will continue to decline.

Nobody is talking about the elephant in the room.

Other urls found in this thread:

wiki.mises.org/wiki/Panic_of_1896
wiki.mises.org/wiki/Panic_of_1893
wiki.mises.org/wiki/Panic_of_1884
wiki.mises.org/wiki/Talk:Panic_of_1901
wiki.mises.org/wiki/Panic_of_1873
twitter.com/AnonBabble

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FREE THE MARKET

Reminder that the federal reserve created the great depression

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WHY DOES NOBODY GIVE A SHIT?

>commie bootlicker attempts to have an argument
lmao
I can't wait till you wastes of life all suffocate.

USA had a very free market until 1913 which created a massive amount of wealth.
We've been mostly corporatist since then but it's still a million times better than socialism.

also
>commies calling other people fedoras
lul

>bloo bloo the Fed
>the Fed caused the Great Depression
>but the Panic of 1907 was fine

Any good reading material on the topic or is it all there on libertarian general?

>>but the Panic of 1907 was fine
Why is this so fucking easy?
My god you people are incredibly fucking stupid. lmao

>In the forty years 1890 to 1930, the population of the country doubled, the value of farm property increased three and a half times, pig iron production four and a half times, exports five times, coal production five times, and freight traffic five and a half times, but commercial bank deposits increased over seventeen and a half times. Thus, while the gold stock had increased proportionally with the increase of industrial production, the expansion in bank credit had far outstripped both and had thus been at the expense of a thinning gold reserve. The monetary gold stock available to support and redeem this tremendous amount of bank liabilities that was being created, which had been 25.3 per cent of total note and deposit liabilities of banks in 1865, and 23.9 per cent in 1880, steadily dropped under the pressure of the public upon the banking interest for more and more credit, standing in 1900 at 20.4 per cent, in 1910 at 14.2 per cent and in 1930 at 10.4 per cent. Such had been the diminution of reserves that by the decade 1920-1930, banking was being conducted "on a shoestring." In 1900 the ratio of vault cash to deposit liabilities of commercial banks had dropped to 14.8 per cent, and in 1910 to 12.7 per cent—vault cash in those years being respectively $706,302,000 and $1,366,164,000.[3]

Plenty of people question the federal reserve, What do you think the whole Ron Paul libertarian movement is?

>After attempts to create a central bank failed, the Secretary of Treasury Leslie Shaw attempted to continue and expand the experiments of his predecessor Lyman Gage in making the U.S. Treasury function like a central bank. In particular, Shaw made open-market purchases in recessions and violated the Independent Treasury statutes confining Treasury funds to its own vaults, by depositing Treasury funds in favored large national banks. In his last annual report of 1906, Secretary Shaw urged that he be given total power to regulate all the nation's banks.

>The Panic of 1907 struck in October, the result of an inflation stimulated by Secretary of the Treasury Leslie Shaw in the previous two years.[2]

This panic was caused by an end of free market banking.

>What do you think the whole Ron Paul libertarian movement is?
I know, but it seems like it doesn't exist anymore ever since Trump.

read The Lost Science of Money by Stephen Zarlenga

It's honestly hilarious when commie bootlickers defend central banking.

they REALLY enjoy being enslaved.

>Why does nobody question the federal reserve/central banking?
welcome to pol.
we call that "the jew"

>Panic of 1901
>Panic of 1896
>Panic of 1893
>Panic of 1884
>Panic of 1873
???

>monetary policy plays a central part in the economy

Easy.
wiki.mises.org/wiki/Panic_of_1896
wiki.mises.org/wiki/Panic_of_1893
wiki.mises.org/wiki/Panic_of_1884
wiki.mises.org/wiki/Talk:Panic_of_1901
wiki.mises.org/wiki/Panic_of_1873


These panics were either caused by government manipulation of the banking sector or they weren't even real panics.
The long depression was a myth.
During this entire period wages were rising while prices were falling and unemployment was low.

The only real period of "free banking" the USA had was during around 1870 to 1890. It ended after that.

>monetary policy plays a very tiny role in the economy
you are a brainwashed idiot, they are the central core of the economy

You think changing the main interest rate means nothing?
You think creating trillions of dollars and giving it to bankers means nothing?

>economic crises doesn't real
>workers were striking for no reason
>Pinkertons dindu nuffin
>it's completely fine for a corporation to pay workers in vouchers redeemable in the company store
Everything was going so great, that workers attempted to unionize and strike even though it could and did get them killed.

Central banking needs to be ABOLISHED and anyone that supports it needs to be thrown out of a helicopter.

>communist revolutions were happening because Karl Marx is actually Cthulhu and his words drive men mad
>not because the conditions were so goddamn dogshit, people had nothing to lose

Non-central banking needs to be ABOLISHED and anyone that supports it needs to be thrown in a gulag.

>>economic crises doesn't real
Yes you delusional commie cultist:
>Some economic historians have complained about the "great depression" (later renamed to Long Depression) that is supposed to have struck the United States in the panic of 1873 and lasted for an unprecedented six years, until 1879. Much of this stagnation is supposed to have been caused by a monetary contraction leading to the resumption of specie payments in 1879. However, this "depression" saw an extraordinarily large expansion of industry, of railroads, of physical output, of net national product, and real per capita income. As Friedman and Schwartz admit, the decade from 1869 to 1879 saw a 3-percent-per annum increase in money national product, an outstanding real national product growth of 6.8 percent per year in this period, and a phenomenal rise of 4.5 percent per year in real product per capita. Even the alleged "monetary contraction" never took place, the money supply increasing by 2.7 percent per year in this period. From 1873 through 1878, before another spurt of monetary expansion, the total supply of bank money rose from $1.964 billion to $2.221 billion—a rise of 13.1 percent or 2.6 percent per year. In short, a modest but definite rise, and scarcely a contraction.

>>workers were striking for no reason
A tiny portion of the workers were actually striking. Unions were a tiny portion of the economy at this time.
Wages were increasing while prices were falling and working hours declining for DECADES before this time.
Problem?

>Pinkertons dindu nuffin
No, they did the CORRECT thing.
They did NOTHING wrong.
Problem?

>>it's completely fine for a corporation to pay workers in vouchers redeemable in the company store
People who worked at company stores voluntarily chose to do so because these companies were able to provide a HIGHER LIVING STANDARD to their workers than the typical firm.
Problem?

>>not because the conditions were so goddamn dogshit
lmao the conditions were far worse before, even marx admitted this.
They constantly get better over time.

>Non-central banking needs to be ABOLISHED and anyone that supports it needs to be thrown in a gulag.
HAHAHAHAHA
Holy fuck you actually think your delusional cultist religion will take over anything.
You people don't even believe in evolution. You people actually think surplus value is real while ignoring the fact that the working class consumes 99% of all consumer goods.
Nobody takes you seriously and your ideology is going to be virtually dead in the next few decades as automation ramps up.
I wonder what it's like to be a self hating commie, holy fuck.

Why do you marxist faggots still exist?
WHY?
Marxism is filled with so many contradictions and outright denies basic science.

END THE FEDERAL RESERVE

ABOLISH ALL DEBT

>government prints trillions of dollars
>it goes into the housing sector
>house prices get propped up like crazy

Then the leftists blame this on the "free market".

It's incredible how stupid these leftists are.

Communists aren't people, killing communists doesn't violate the NAP.

lol libertards will never into economics

>Communists aren't people, killing communists doesn't violate the NAP.
THIS

>anti-free market faggots NEVER NEVER NEVER have an argument

This is hilarious.
I love watching you corporate bootlickers get completely blow the fuck out.
You actually WANT to be enslaved lmao

In 100-200 years from now we will look back at this period of global central banking and laugh at how stupid humanity was.

Here is all the ammo you need to educate others:

RIGGEDIT.com

>implying things wont constantly get worse until we are all daed

oh no...

We do, its just going to be hard to remove them.

>We do, its just going to be hard to remove them.
We need to start talking about it more and raise awareness.

Commies are just passive-aggressive-capitalists. Both want monopolistic control over the economy.

rand talks about it a lot and trump is on board from the looks of it.

its his move.

>leftarchists claiming others want monopolistic control over the economy
lmao my sides

you people are brainwashed bootlickers

>trump is on board from the looks of it.
bull fucking shit

he loves the fed now

he's not going to love the fed when the collapse happens under his watch though

>he loves the fed now
source?

he's taking credit for the federal reserve fueled rising stock market like a fucking idiot

thats just BBC chess my nigger.

we all know its bullshit.

>thats just BBC chess my nigger.
yeah okay
how the fuck does this benefit trump in any way?

go back to redddit /r/T_D refugee

Deflation is good for the economy.

Inflation is fucking garbage.

even reddit knows the stock market gains are bullshit lmao.

stay mad randlet.

>even reddit knows the stock market gains are bullshit lmao.
no they don't lmao they're brainwashed neo-keynesian retards

>stay mad randlet.
Enjoy your economic collapse you delusional leftist cuckold.

>no they don't lmao they're brainwashed neo-keynesian retards
its obvious you have no idea what their position is.

enjoy having everyone ignore you because you're too much of a retard to figure out what the hive mind is thinking irght now.

>its obvious you have no idea what their position is.
Oh course I do.
What I said must have really hit close to home.
You T_D faggots are neokeynesian retards. Trump loves the fed and temporarily benefits from these insanely low interest rates.

>enjoy having everyone ignore you because you're too much of a retard to figure out what the hive mind is thinking irght now.
this has nothing to do with anything at all
seriously go back to redddit you fucking lefttard loser

What do you propose we do?

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Except all of our politicians are in the pockets of the bank already. Nobody that has something gain by killing the bank has any power.