Nobody is arguing whether the Fed is "trustworthy" or not. I'm telling you that the Fed is routinely audited by the GAO. That is the fact. If you actually calmed down and holstered your e-gat for a second, you'd see that I agree that the Fed needs more transparency. I'm just telling you it's not true that there is no transparency, they're not "a private bank," and monetary policy is not made by private bankers.
No is does not. That's just you putting on your tinfoil hat and not knowing what you're talking about as usual. I already told you like 5 or 6 times, it's a public-private entity. Obviously the member banks and regional Fed banks are private entities. This is isn't exactly breaking news. I'm telling you monetary policy is made by the Board of Governors, who are federally-appointed.
the board of governors and the FOMC are both made up of BANK PRESIDENTS, and all the banks are PRIVATE BANKS. private=corporate.
being federally appointed is basically pointless so please stop falling back on that point for your proof that the fed has meaningful public qualities. those public aspects are not relevant in todays climate.
the government of the united states does not pay the fed's wages. our government is CHARGED A FEE and monies are collected. that is how a private institution operates, with a CORPORATE structure. the "federally appointed" aspect of the fed, the aspect that makes it public, does not have any real teeth.
The debt is a result of bad FISCAL policy. Fiscal policy is set by the President and Congress...you know the people who you want to make monetary policy because they're doing such a wonderful job with our fiscal policy.
i dont want fiscal policy in the hands of congress either, because congress and the prez are both whores to the banks, corporations, and the military. do i lie?
lol...so? Who said the Fed is supposed to prevent recessions and depressions, lmao? Recessions are part of any economy.
breh, have one of your research minions do some knowledge on the US financial collapses of the 21st century and their causes. then report back.
Unemployment is at 7.9% 4 years after the worst financial crisis in 80 years. Yeah, that QE was such a failure.
Two different economist-estimated unemployment rates during the Great Depression, and these are down-adjusted numbers because the official numbers are far greater, but economists think they were overstated:
Unemployment During the Great Depression Has Been Overstated and Current Unemployment Understated (Weve Now Got Depression-Level Unemployment) - Washington's Blog
Yeah, that QE was such a disaster.
and youre failing to understand is that unemployment is not the only measure by which you gauge the success of your economy, nor is it the main measure we should use to analyze the effectiveness of the fed.
unemployment as a measure is unreliable because 1) its simply a statistic, and any statistic can be manipulated. for instance when they calculate unemployment they have all these parameters and provisions that make the number look seem lower than it really is. "not counting people who havent-worked-for-12-months-this, has-not-pursued-looking-for-a-job-in-6-months-that".... negro please.
all you gotta do is look out your window and youll see the society polarizing in wealth, with lots of people getting squeezed out of the middle. and either going up to the upper class of wealth, or going down into low-working class, and the majority of people are going into poverty and the low-working class.
secondly, as ive pointed out on the podcast several times, the majority of the jobs being created in the US are low-wage jobs, with a hand full of of high-education, high-training jobs. this is a huge part of the reason the middle class is getting gutted, because the manufacturing and working class jobs in the middle of the economy are being gutted.
we been outsourcing our manufacturing to any developing country willing to sweat shop a few locals.
and now we're accelerating our outsourcing of technology manufacturing to india. its shameful and destroying our economy and people are overlooking it.
plus the fact the united states are degenerate broke debt slaves who are quickly digging themselves into an inescapable hole.
what do you think is going to happen when countries want to stop loaning us money because we dont generate as much revenue as we used to?
in personal OR global finance the last thing you want to do is go into debt... or if you do have to go into debt you bettr at least have a good economic plan and infrastructure in place to support a dynamic economy so we can actually pay off the debt. and right now we have neither. we are DEEP in debt with no plan of escape. in fact per year, i wouldnt be surprised if the cost to sustain the military
by itself is probably more than we generate in revenue as a country.
it comes down to this, do you really think our current economic trajectory is sustainable? if you do, you are dreamin my friend...
you and your minions are really in your own little bubble.
You don't even know shyt about the Fed...not even the most basic, rudimentary surface level knowledge about its structure, yet you insist on pretending you a clue what you're talking about...unbelievable.
Where's the link bruh? 
