AquaCityBoy
Veteran
You know what's also real?
Concentration camps.
Concentration camps.
jewish finance world is real
- Thread starter john goodman
- Start date
Berniewood Hogan
IT'S BERNIE SANDERS WITH A STEEL CHAIR!
TheArchitect
All Star
Hell yeah. I have NO intention of ever being a part of the corporate "elite"....I don't care to play their game, or put up with any discrimination/bullshyt....
Ms~Opinionated
Rookie
THEN WHY ARE YOU SPREADING NEO-NAZI PROPAGANDA, BROTHER?
lol
If you call the truth neo nazi propaganda then so be it.
education and travelling helps diminish racial bigotry
*with an open heart and mind*
*with an open heart and mind*
Explain........
And John Goodman is a liar who lives with his mom, I wouldn't take him seriously..........
This is all that needs to be said.
Everything that clown says is a lie .
He's not making any deals of any kind in any capacity .
john goodman
All Star
resurrection
By Way of Deception, Thou Shalt Do War
Damn I learned a lot in this thread.. Including that anti-semitism is justified and should be encouraged because Jews' historical success in finance, banking, and other business ventures makes them "parasitic"
you just found this out, in 2013 
Ms~Opinionated
Rookie
I Absolutely Agree.
You know people have short attention spans and don't really care about this kind of stuff, so
Hmmm....
Mountain
All Star
Exactly, but we aint ready to hear that right now, we're to busy cleaning up our massas spot for scraps.
Why have jews been expelled from European nations 200 times since 0 A.D?
You are parasites, pure and simple.
So you think they're "parasites" because they got right? Knock that sht off, you sound like a fukkin hater.
I can't tell if you are being serious or sarcastic, but the money comes from NOTHING.
They decide how much money to print. They are able to do this because the government gave them the power to print the money. Supposedly it is for the good of the world, but it is not. This power is in the hands of a few men, mostly (if not all) JEWS.
I do not hate jews, since I have met a lot of poor or seemingly poor jews. I guess you would call these other jewish criminals, International Jews. That is what Henry Ford (yes, the automaker) called them in the 1920's. They were so upset with him that after many years they managed to force an apology out of him, even though it wasn't much of an apology.
There is a reason the world has a reserve currency, if you print enough American dollars you can buy whatever you like.
The federal reserve board of governors, the treasury, the federal open market committee and the congress control monetary supply, not a hand full of jews like people tend to believe. The ability to print money provides huge benefits, this isn't debatable, in fact we changed over from the gold standard to the fiat standard primarily because of the ability to print money (we cant print gold). The ability to print money allows us to damp economic fluctuations especially economic periods like recessions, depression e.t.c..
In order to increase the business activity within an economy (thus increases employment rates) we must reduce interest rates to encourage spending, this is done by increasing the monetary supply in an economy via QE phases, discount window lending, reducing reserve requirements e.t.c.. By increasing the monetary supply we reduce the market value of money henceforth reducing interest rates (the cost of borrowing). Being able to print money benefits everyone, including you.
Ms~Opinionated
Rookie
Thank you for your briefing on the american fiat monetary system, it was spoken like a true Keynesian.
The entity that has the largest control on the money supply is the Federal Reserve. The FOMC is a part of the Federal Reserve. Congress does not decide when to print more money. Congress may decide when to run a deficit which leaves the treasury to figure out how to fund those deficits, but they have no true control over the money supply. The treasury can only affect the money supply when it sells directly to the Federal Reserve. If the treasury sells to other banks/people/countries no new money is created. So the entity in real control over the money supply is the Federal Reserve.
I do not subscribe by the theory that money printing is good for anyone. Monetary policy in America is in the hands of a few people who are making the decisions.
The aims of the Federal Reserve were “to promote effectively the goals of maximum[FULL] employment, stable prices, and moderate long-term interest rates.”
Has the federal reserve accomplished any of these aims? They were also to promote a stable economy and that would eliminate recessions and depressions. Has the federal reserve accomplished any of this? The Great Depression occurred just 16 years after the Federal Reserve was created to prevent such an event. LOL It was created in 1913 to prevent panics such as the one that occurred in 1907, yet failed in 1929. When has it ever done what it was supposed to?
The bolded paragraph just makes me laugh, because we are looking at the same thing but coming to two different conclusions. This is the way it was supposed to work, but it doesn't. lol Are those low interest rates working now, has it increased consumption and increased employment? How is that Quantitative Easing 3 working?
The main problem with money printing is that it has never worked in the past, because of human nature. Can you say Germany, Zimbabwe, Yugoslavia, Argentina? Hyperinflation doesn't occur with a gold standard. Even though I am no supporter of going back to gold, but gold does put restrictions on central banks and governments.
Trying to avoid depressions and recessions is pointless, sh!t happens. That is like trying to avoid getting shot or getting in an accident. The entire American economy cannot be controlled with some pulls of a lever (interest rates).
I was listening to Bloomberg radio today and a lady they had on said we have three choices,
1. austerity
2. grow our way out
3. print our way out
Printing money doesn't create growth, it only makes existing resources less valuable then later makes the price of resources more expensive. How? The immediate effect makes the actual value of existing resources go down. Since there is more money in the system, individuals can now buy more things easier. Because there is more money available, more consumption (as you stated) occurs which means more trees are cut down, more iron ore is mined, more oil is drilled. Basically valuable and rare resources are consumed simply because someone decided to print more money.
Printing money allows the government to buy what it cannot afford. The government can consume and waste valuable resources to go to war, for example. If the federal reserves prints more money, the price of existing resources eventually goes up - Inflation or Hyperinflation. Inflation lasts longer than the consumption phase. They can try to control it, but prices will eventually head in one direction if PROPER measures aren't taken.
Moreover, the value and price of real objects should not be manipulated by a central authority. Wealth comes from the real objects, not from paper. If I print $1,000,000 and buy a house, is the value of that house worth 1,000,000 pieces of paper? My opinion is that the value of that house is greater than that paper, even though someone said they are equal. It is not an EVEN exchange. The value of real objects should come from what the market bears out and supports and not manipulated by the federal reserve through inflation or deflation. This is why people prefer a gold standard. The gold or silver or bronze has an actual value and can be considered an equal trade for a $1,000,000 house. Without it the paper by itself is worthless. Yet you think this benefits everyone. People go to work everyday for paper, not gold, not silver, not bronze, not rare earth minerals, not astroid dust...paper (sometimes just numbers on a screen). It is the greatest scam ever perpetuated. Despite what you may think, modern economies need not run on paper alone. I don't have a solution, but this doesn't work and it is unethical imho.
Mountain
All Star
I agree with everything here, but you seem to underestimate the ability of congress. The federal reserve is subject to congresses oversight and derives its ability entirely from congressional statutes. Remember, the federal reserve is forced to operate under laws that must be passed by the congress, so by all means they have true control.
I do not subscribe by the theory that money printing is good for anyone. Monetary policy in America is in the hands of a few people who are making the decisions.
The aims of the Federal Reserve were “to promote effectively the goals of maximum[FULL] employment, stable prices, and moderate long-term interest rates.”
Has the federal reserve accomplished any of these aims? They were also to promote a stable economy and that would eliminate recessions and depressions. Has the federal reserve accomplished any of this? The Great Depression occurred just 16 years after the Federal Reserve was created to prevent such an event. LOL It was created in 1913 to prevent panics such as the one that occurred in 1907, yet failed in 1929. When has it ever done what it was supposed to?
The bolded paragraph just makes me laugh, because we are looking at the same thing but coming to two different conclusions. This is the way it was supposed to work, but it doesn't. lol Are those low interest rates working now, has it increased consumption and increased employment? How is that Quantitative Easing 3 working?
You're misinterpreting the duel mandates. No entity can "eliminate" a business cycle or bank runs, so expecting the federal reserve to do so is kind of ridiculous. Now, unless you're insinuating that printing money when economically necessary, federal banking regulations (by the FOCM) .e.t.c. is useless, there is no way in you can be against money printing or federally organised banking.
As far as our recent administrations of easing, yes they have helped, to say they haven't is akin to saying a reduction in interest rates does not spur economic growth even in the slightest (QE reduces interest rates). Low interest rates may not be the sole catalyst of a recovery, but they certainly help.
Come on now, you're using examples of some countries that printed in severe excess of their aggregate growth. Just because some nations employ asinine monetary policies doesn't mean we must follow suit. True, sht does happen (lol), but its best for everyone if we can at least some what buffer any damage expected to occur.
The gold standard does well to induce price stability, but it really means nothing in the face of a severe speculative attack as history has taught us. In the case of a severe speculative attack under a gold standard, where does our monetary base for economic expansion come from? how do we allow for economic growth/recovery, especially during a depressive state? The gold standard limits us to much and is exactly why the gold standard was left in the past. We must be able to expand our monetary base when under severe economic pressure.
Of course resources are consumed more often during economic growth, this will happen whatever type of monetary policy we use, so I'm not sure why you bought that up. As for printing, inflation and hyper inflation, not all cases of inflation resulting from money printing/increasing money supply are bad.
To explain briefly, if the aggregate value of a currency steadily increases and economic expansion occurs (though printing money if need be), the only type of inflation experienced then is the "good" demand-pull kind that inevitably occurs during economic expansion. Money printing isn't intrinsically bad as such, in fact it can help us in desperate times as explained, but it need to be managed correctly like you said.
Lastly, you're making a common mistake by assuming currency is just "a piece of paper", what is designated on the paper and its resulting demand/supply also denotes its value. For, example a blank canvas isn't worth much, right? Now if I present to you a canvas with an original drawing by Leonardo di ser Piero da Vincion on it, it is no longer just a "blank canvas" is it? It becomes a complementary item of relatively higher value, this concept is applicable to money floated on a market as well, the strike on the "paper" denotes its value, not just the paper itself.
