So the United States credit rating was just downgraded....again

[OsO]

it's a fukked up doomed for failure type plan. But the reality is everybody has it good here Breh, compared to most of the world. nobody is going to all of the sudden want to stop making money within this corporation so unless your about to live off the land might as well accept that just like any other business this country is trying to win and stay winning.

Shady practices? stupid levels of debt? I rather have all that shyt going on than live in some third world country getting bombs dropped on me and my family . There will never be a Utopia Breh just be glad we are on the winning team with a big ass military with bases everywhere. the dollar is and has been tanking but with that the slumiest hoods still have sewer systems, electricty, running water food stamps ect. All from a worthless piece of paper? I'll take it as long as they dumping money I'm trying to get a cut, equality will never exist.

i can respect your honesty.

but your perspective is all fukked up.

ill tell you why and go into more detail later

 

[BamdaDon]

i can respect your honesty.

but your perspective is all fukked up.

ill tell you why and go into more detail later

honestly I looked and studied enough of this type of shyt to realize it is what it is. NOTHING will stop greed breh. Honestly half these jobless people complaining more then likely get unemployment benefits. or if they are over qualified they are probably making 100-200-300x's of what somebody else in another country is. I mean realistically a cat making ten dollars an hour is rich to most people in the world.

The powers that be are tanking america its pretty clear for purposes of buying up everything cheap and merging companies. But they have been doing this its not really anything new. my point is for whatever reason they have given america this open end credit card and dont seem to give a fukk. Seriously what if they said no more loans until you pay back that 16 trilli? then we would be assed out, instead the fed just said they are going to start giving out 40 billion a month until its better, all while we really have nothing to offer as a country of value So to me they are basically saying america is the spot we like and are going to role with everybody else outside of EU

So like I said I would much rather be on the winning team not doing so hot rather than what most other people have going on

 

[OsO]

honestly I looked and studied enough of this type of shyt to realize it is what it is. NOTHING will stop greed breh. Honestly half these jobless people complaining more then likely get unemployment benefits. or if they are over qualified they are probably making 100-200-300x's of what somebody else in another country is. I mean realistically a cat making ten dollars an hour is rich to most people in the world.

The powers that be are tanking america its pretty clear for purposes of buying up everything cheap and merging companies. But they have been doing this its not really anything new. my point is for whatever reason they have given america this open end credit card and dont seem to give a fukk. Seriously what if they said no more loans until you pay back that 16 trilli? then we would be assed out, instead the fed just said they are going to start giving out 40 billion a month until its better, all while we really have nothing to offer as a country of value So to me they are basically saying america is the spot we like and are going to role with everybody else outside of EU

So like I said I would much rather be on the winning team not doing so hot rather than what most other people have going on

trust me, i fully understand what youre saying.

and youre absolutely right, in contrast to other nations our levels of poverty are mild.

however i have two reasons that should make you rethink your position.

1) human beings, both in the US and around the world, are suffering breh... hardcore suffering. imagine spending most of your waking moments in some kind of negative environment, whether that be mental, emotional, physical, and/or spiritual. some people out here are really fukked up in the game

i for one am very sensitive to the suffering of other people. so i gotta make sure im making moves that will benefit ALL people in my day-to-day, because to whom much is given, much is expected. and it's just the right thing to do.

plus, if the roles were reversed, you would want someone to attempt to come to your aid? right? ok then.

but if thats not enough to convince you.

2) you said yourself this current system is unsustainable. and if your life and means of livelihood are connected to a system that is unsustainable, what does that mean for you and your way of life? bad things breh.

look at history and notice the pattern. the ruling class will always take take take, and continue to take until countermeasures are taken. left unchecked ruling elites have no limits to their greed and because of that, our entire existence from the state of the environment and planet, to the state of our social and economic systems, is on the brink of destruction.

point being, you know the beast doesnt stop eating. how long until you think the beast gets to you and puts you on the plate negro?

it's simply a matter of time.

so you might as well be preemptive. since you know whats coming down the road, get prepared now, take countermeasures now. because to stay in a dangerous, unstable situation with you and your families well being at stake is not smart.

so even if you a selfish person you gotta realize its in your own best self interest to actively assist in getting things turned around and transforming society because let me tell you, this timeline has a bad ending for all parties involved.

if youre on a train, and you look ahead and see the train heading off a cliff, you dont stay in the train and go over the cliff in the train right? you jump off.

well society is heading off a cliff my friend.

 

[Dusty Bake Activate]

the current interest rates are not the issue because the current rate is not a constant. and my larger point that is moonwalking over your head is there should be no interest rate at all.

and you didnt address my point about the traditional lack of financial oversight.

it's like this, either you didnt know that the fed produces every dollar at interest, in which case youre ignorant.

or you think the fed producing every dollar at interest is a good thing, in which case youre an idiot.

the shyt is simple. if you go into a bank for a loan and you have the choice between $100,000 interest free, or $100,000 at 6.25% interest, which one are you going to choose?

Jesus fukking christ.

You know what what? You have no idea whatsoever how the Fed works, how monetary policy works or even what the interest you're talking about is.

You don't even know what the federal funds effective rate is, do you? It's the set interest rate that banks trade their money that they have held in the Federal Reserve system.

It's usually set to coincide with GDP, and be a little less than the rate of GDP growth. Right now, GDP growth is sluggish so the federal funds rates is low. When it picks up sustainably they will raise interest rates...hopefully. Where Greenspan fukked up is he keep interest rates way lower than GDP. A large part of the mess we're in is that interest rates were too LOW, not too high, and they created a bubble that burst.

The Fed has been expanding the money supply coinciding with a lowering of interest rates in order to stimulate the economy. The logic is too make money cheaper and expand credit. Expansion of the money supply is nothing new in U.S. or world history. QE is being done because there's no hard answers on what to do when the financial system collapsed, you have the worst recession since the GD, and interest rates are almost at zero, and you have all these mortgage assets dragging down bank balance sheets.

There are strong arguments to be made against QE but you can't make them because you don't even know the basics of what it is, or even how the Fed works. Your dumb ass seems to think the Fed is like some big ass version of your local Wells Fargo and they give you a personal loan with interest. lol@you talking about "but they're going to charge you interest on that money one day." They're not charging YOU interest first of all, and second when they do raise interest rates, that will be a response to economic growth will be back, and they would contract the money supply at that point by selling back these securities.

I have never talked to anyone who insists on trying to talk about shyt they do no understand even in the slightest more than you. Do you research ANYTHING you talk about from non-amateur youtube video sources? Learn what the fukk you're talking about and stop trying to apply misinformed paranoid conspiracy theory and Harlem bodega logic to economic matters you are out of your depth on.

I'm getting tired of listening to you call people idiots when you obviously don't know shyt about what you're talking about, and I'm not the only one.

stop reacting off emotion and really comprehend what i am saying.

The problem is you don't understand what you're saying and only deal with emotion. Facts seem to not matter to you. You speak off pure emotion, paranoia and guess work.

 

[OsO]

There are strong arguments to be made against QE but you can't make them because you don't even know the basics of what it is, or even how the Fed works. Your dumb ass seems to think the Fed is like some big ass version of your local Wells Fargo and they give you a personal loan with interest. lol@you talking about "but they're going to charge you interest on that money one day." They're not charging YOU interest first of all, and second when they do raise interest rates, that will be a response to economic growth will be back, and they would contract the money supply at that point by selling back these securities.

who do you think pays back the interest on the money being generated by the fed? the govt.

where does the govt get the money? from us.

the rest of your post was drivel mixed with copy and paste from wikipedia. you're making a classic economics mistake which is valuing theory over practical application.

it will do you no good to study the effects of quantitative easing if you cant understand something as simple as the above bolded.

also, the fed is not even doing that great a job. how many financial crisis' have we had since 1913? if this were a real business those muthafukkas would be FIRED because they fukking suck at their jobs.


bottom line is this... if you dont see the problem with our government outsourcing the control of our money supply to a private bank with little to no oversight, then there's really nothing left for us to discuss.

 

[Dusty Bake Activate]

Jesus fukking christ.

You know what what? You have no idea whatsoever how the Fed works, how monetary policy works or even what the interest you're talking about is.

You don't even know what the federal funds effective rate is, do you? It's the set interest rate that banks trade their money that they have held in the Federal Reserve system.

It's usually set to coincide with GDP, and be a little less than the rate of GDP growth. Right now, GDP growth is sluggish so the federal funds rates is low. When it picks up sustainably they will raise interest rates...hopefully. Where Greenspan fukked up is he keep interest rates way lower than GDP. A large part of the mess we're in is that interest rates were too LOW, not too high, and they created a bubble that burst.

The Fed has been expanding the money supply coinciding with a lowering of interest rates in order to stimulate the economy. The logic is too make money cheaper and expand credit. Expansion of the money supply is nothing new in U.S. or world history. QE is being done because there's no hard answers on what to do when the financial system collapsed, you have the worst recession since the GD, and interest rates are almost at zero, and you have all these mortgage assets dragging down bank balance sheets.

There are strong arguments to be made against QE but you can't make them because you don't even know the basics of what it is, or even how the Fed works. Your dumb ass seems to think the Fed is like some big ass version of your local Wells Fargo and they give you a personal loan with interest. lol@you talking about "but they're going to charge you interest on that money one day." They're not charging YOU interest first of all, and second when they do raise interest rates, that will be a response to economic growth will be back, and they would contract the money supply at that point by selling back these securities.

I have never talked to anyone who insists on trying to talk about shyt they do no understand even in the slightest more than you. Do you research ANYTHING you talk about from non-amateur youtube video sources? Learn what the fukk you're talking about and stop trying to apply misinformed paranoid conspiracy theory and Harlem bodega logic to economic matters you are out of your depth on.

I'm getting tired of listening to you call people idiots when you obviously don't know shyt about what you're talking about, and I'm not the only one.



The problem is you don't understand what you're saying and only deal with emotion. Facts seem to not matter to you. You speak off pure emotion, paranoia and guess work.

who do you think pays back the interest on the money being generated by the fed?

Goodbye.

 

[OsO]

Goodbye.

so now our government can borrow all it wants and it has no effect on the taxpayer whatsoever. gotcha.

vic you are truly a politicians wet dream

 

[Dusty Bake Activate]

so now our government can borrow all it wants and it has no effect on the taxpayer whatsoever. gotcha.

Yup, that's exactly what I said.

 

[OsO]

Yup, that's exactly what I said.

instead of arguing, lets start with where we agree and go one step at a time.

we seem to both agree the fiscal decisions of the fed have direct consequences on the government and the american taxpayer, right?

so why are you content with our countries most valuable function, the creation and regulation of the money supply, being under the control of a private bank whose authority is outside the federal government?

 

[Dusty Bake Activate]

instead of arguing, lets start with where we agree and go one step at a time.

we seem to both agree the fiscal decisions of the fed have direct consequences on the government and the american taxpayer, right?

so why are you content with our countries most valuable function, the creation and regulation of the money supply, being under the control of a private bank whose authority is outside the federal government?

You obviously don't know what the Federal Reserve is, nor do you understand the basic concept of what central banking is. Learn about those things then I'll talk to you.

 

[OsO]

You obviously don't know what the Federal Reserve is, nor do you understand the basic concept of what central banking is. Learn about those things then I'll talk to you.

Federal Reserve System - Wikipedia, the free encyclopedia

the Federal Reserve System has both private and public components, and was designed to serve the interests of both the general public and private bankers.



and the "public" component to the federal reserve has no real teeth. its a measure where the board of governors is chosen by the president and confirmed in congress, which is completely impotent as a system of checks and balances because big money owns the politicians.

and we know the authority of the fed is outside the grasp of the government when we ask to see our own financial records and they tell us NO. or when we ask for an audit of the physical reserves and they say fukk NO. that tells you everything you need to know about who is really running the show.




you know i really cant believe i have to have this conversation at this basic level.

any entity that is performing a service we are paying them for should have strict oversight, especially in a sector as critical as our money supply.

in addition, $1M clean and free is better than $1M at interest 10 times outta 10, so wtf am i missing here

i mean if im buggin please somebody let me know. and not vic or one of his little dikkriding minions but someone with a balanced perspective who can spit the real. if im wrong about the fed and they're really the good guys then please let me know and i will sit my ass down somewhere.

but somebody else besides vic (and his dikkriders) need to come in here and say something cause i feel like im in the twilight zone.

 

[Dusty Bake Activate]

Federal Reserve System - Wikipedia, the free encyclopedia

the Federal Reserve System has both private and public components, and was designed to serve the interests of both the general public and private bankers.



and the "public" component to the federal reserve has no real teeth. its a measure where the board of governors is chosen by the president and confirmed in congress, which is completely impotent as a system of checks and balances because big money owns the politicians.

and we know the authority of the fed is outside the grasp of the government when we ask to see our own financial records and they tell us NO. or when we ask for an audit of the physical reserves and they say fukk NO. that tells you everything you need to know about who is really running the show.




you know i really cant believe i have to have this conversation at this basic level.

any entity that is performing a service we are paying them for should have strict oversight, especially in a sector as critical as our money supply.

in addition, $1M clean and free is better than $1M at interest 10 times outta 10, so wtf am i missing here

i mean if im buggin please somebody let me know. and not vic or one of his little dikkriding minions but someone with a balanced perspective who can spit the real. if im wrong about the fed and they're really the good guys then please let me know and i will sit my ass down somewhere.

but somebody else besides vic (and his dikkriders) need to come in here and say something cause i feel like im in the twilight zone.

You said our monetary system is "under control of a private bank."

The Federal Reserve system is not "a private bank." It is a central banking system with public and private components and it is not one bank. It seems pretty clear that you don't understand the basic concept of a central banking system, as this whole thread you've referred to the Fed as if it's a neighborhood Bank of America branch.

If you don't understand the basic concept of central banking and what the Fed is comprised of, you can't have a serious discussion about it until you educate yourself sufficiently. This is not about the Fed being good or bad guys. It's about you not knowing what the Fed is yet still making self-assured value judgments on specific monetary policies and hypocritically calling people idiots in the process for some reason.

 

[OsO]

You said our monetary system is "under control of a private bank."

The Federal Reserve system is not "a private bank." It is a central banking system with public and private components and it is not one bank. It seems pretty clear that you don't understand the basic concept of a central banking system, as this whole thread you've referred to the Fed as if it's a neighborhood Bank of America branch.

If you don't understand the basic concept of central banking and what the Fed is comprised of, you can't have a serious discussion about it until you educate yourself sufficiently.

every single federal reserve bank is a private bank.

Federal Reserve System - Wikipedia, the free encyclopedia

"A member bank is a private institution and owns stock in its regional Federal Reserve Bank."

so when i say the fed im referring to the entire federal reserve system.

but yes vic lets bicker over semantics while the US economy, and thus our society, is being driven off a fukking cliff.

unbelievable.

 

[Mowgli]

every single federal reserve bank is a private bank.

Federal Reserve System - Wikipedia, the free encyclopedia

"A member bank is a private institution and owns stock in its regional Federal Reserve Bank."

so when i say the fed im referring to the entire federal reserve system.

but yes vic lets bicker over semantics while the US economy, and thus our society, is being driven off a fukking cliff.

unbelievable.

You're talkint to a flustered man. You cant hope to have a serious conversatin at this point.

 

[Dusty Bake Activate]

every single federal reserve bank is a private bank.

Federal Reserve System - Wikipedia, the free encyclopedia

"A member bank is a private institution and owns stock in its regional Federal Reserve Bank."

so when i say the fed im referring to the entire federal reserve system.

but yes vic lets bicker over semantics while the US economy, and thus our society, is being driven off a fukking cliff.

unbelievable.

We're not bickering over semantics. We're talking about you trying to making sweeping statements about monetary policy and not even knowing the Fed is. I think it's pretty fundamental to any discussion about monetary policy that the parties involved know what the Federal Reserve is first.

The Fed is not "a private bank," it's a central banking system comprised of a Board of Governors appointed by the President, the 12 regional Fed banks and all the banks that comprise them...I think something like 40% of all U.S. banks are part of the Federal Reserve system, and the Federal Open Market Committee that's made up of some of the 12 regional bank presidents and some of the Board of Governors.

I know you don't know shyt about what you're talking about at the most basic level because of those comments likening the Fed to a bank charging a customer 6.25% interest. The Federal Reserve sets the federal funds rate, which is the rate at which banks in the Federal Reserve system lend to each other to. It's not a bank that gives out personal loans to American citizens charging interest.

You're all over the place. You started off talking about quantitative easing, now I guess we're talking about whether the Federal Reserve system should exist period. But we can't talk about QE, monetary policy, the economy going off a cliff or any sort of Fed policy until you educate yourself on the very basics of what the Federal Reserve system is and what it does.