Never go full libertarian :mjlol:

[DEAD7]

Its a fairly simple calculation to check how much interest they should be rebating back to the Treasury, as its completely based on the size of its bond portfolio and interest rates. You can find this information easily.

Ordinarily, I would agree that there should be proper oversight over an institution like the Fed and would be glad to hear of any proposals that do it properly, but having our inept government have more control over central banking would be a big mistake.

Well i cant argue with that, but an audit is long overdue imho.

 

[Futuristic Eskimo]

true, i don't know jack squat about those esoteric casino swaps, but i do know the the fed printed up $800 trillion of monopoly money out of thin air of which $500 trillion went to bail out foreign banks when Americans were getting foreclosed on, bankrupted, and thrown out in the street.

Your numbers are a bit off.

A currency, and anything else including gold, only has value because the market says so. If they didn't expand monetary base following 08, deflation would have ruined the economy to an even greater degree. This is the way things are done all around the world in every major central bank, not just the Fed. If you think there is something fundamentally flawed with modern central banking practices, put your money where your mouth is and buy gold.

 

[Insensitive]

you aint wrong but you base this off the assumption that this is really the most costly aspect of our culture when these things are a fraction of the cost of war/aid.. the police wont disappear if taxes did lol theyre the barrier between the 1 and 99%.. just because the proposed system is a sham it doesnt mean that the current one should be praised.. but everything collapses when you place the importance of netflix along side emergency services and transport lol.. as of now we may have all of these things but what we fail to mention is a higher cost of living and overall debt than nearly everyone with some of the lowest wages in the 'civil west' plus a values gap which we mock the rest of the world for, but the fact that the price of netflix is up there with police protection, its clear why they mock us, we value commercial trash with the same passion that we value security of family.

I don't think he was using netflix as an example of a service worth more than
these luxuries we've grown accustomed too but as an example of a service with a
price you couldn't expect from other private entities offering more valuable services.
As in if we had this hypothetical private police department their service wouldn't
cost "10 bucks a month".

 

[Futuristic Eskimo]

Well i cant argue with that, but an audit is long overdue imho.

I wasnt sure about how long its been exactly, but I looked around and it seems as though Deloitte audited the Fed's statements in 2011 and 2012. Take that for what its worth.

 

[Corny Batman]

 

[EndDomination]

American libertarianism (the right-wing kind) has always been about the erosion of civil rights and the empowerment of the business class. They've been pretty mask-off about it for a few decades now.

 

[Corny Batman]

American libertarianism (the right-wing kind) has always been about the erosion of civil rights and the empowerment of the business class. They've been pretty mask-off about it for a few decades now.