Into the Night
Verified User
He doesn't even seem to know what money is. He think's it's an interest rate!
I predict that the S&P 500 will be well under 5,000 by September 30th
- Thread starter Walt
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Into the Night
Verified User
Not quite.
It was the costs of WW1 and WW2 that forced nations to fiat currency (because they were broke). Germany, England, and France went first. The US devalued it's dollar by 50% (FDR) and implemented fiat currency as well, stealing the gold from the people (that's why they build Fort Knox).
The dollar left the gold standard entirely during the Bretton-Woods crisis (during Nixon), when inflation of US currency became too much to bear for the Bretton-Woods system to continue. Before FDR, the dollar was a unit of weight...1/20th of oz fine gold. After FDR, the dollar became a currency in it's own right but still tracked gold to some extent. After Nixon, the dollar does not track any commodity. Today's dollar is worth only about 1/150th of an oz in gold now.
That's an overall inflation rate of 7500%.
Nations left commodity currency because they were broke. The British pound is just a figure speech now. It's just a fiat value. It no longer represents any amount of silver.
Almost every nation is on fiat currency now. Most have fared much worse than the United States, even with the 7500% inflation rate.
It's a race to the bottom. The world has never been here before. Individual nations have, but not the whole world at once.
Into the Night
Verified User
WRONG. The Bretton-Woods system collapsed.
Into the Night
Verified User
WRONG! US Banks are heavily regulated by the Federal Reserve.
WRONG! US Banks are heavily regulated by the Federal Reserve. The stock market is heavily regulated by the SEC, both parts of the federal government.
Why does a bank need protection from itself?????
Based Chad
Was it me?
the dollar is the defacto world currency right now.
Into the Night
Verified User
A false equivalence fallacy.
Yes, banks existed before the Federal Reserve, but they didn't have the heavy handed regulations on them that the Federal Reserve now imposes.
Based Chad
Was it me?
banks own the federal reserve.
Into the Night
Verified User
Agreed here. Being poor is largely by choice. Nothing prevents one from getting a good job or starting your own business other than their own lack of initiative to do so.
Into the Night
Verified User
WRONG. The Federal Reserve heavily regulates US banks. CONGRESS owns the Federal Reserve.
Into the Night
Verified User
WRONG. The Bretton-Woods system collapsed.
Based Chad
Was it me?
The stockholders in the 12 regional Federal Reserve Banks are the privately owned banks that fall under the Federal Reserve System. These include all national banks (chartered by the federal government) and those state-chartered banks that wish to join and meet certain requirements. About 38 percent of the nation’s more than 8,000 banks are members of the system, and thus own the Fed banks.
Federal Reserve Bank Ownership - FactCheck.org
Q: Who owns the Federal Reserve Bank? A: There are actually 12 different Federal Reserve Banks around the country, and they are owned by big private banks. But the banks don’t necessarily run the show. Nationally, the Federal Reserve System is led by a Board of Governors whose seven members are...
www.factcheck.org
Into the Night
Verified User
CONGRESS owns the Federal Reserve.
No, it doesn't.
They aren't.
They aren't.
All US banks are heavily regulated by the Federal Reserve.
Banks do not own the Federal Reserve, NoName. CONGRESS DOES.
False authority fallacy.Federal Reserve Bank Ownership - FactCheck.org
Q: Who owns the Federal Reserve Bank? A: There are actually 12 different Federal Reserve Banks around the country, and they are owned by big private banks. But the banks don’t necessarily run the show. Nationally, the Federal Reserve System is led by a Board of Governors whose seven members are...
Based Chad
Was it me?
no.
shares of the overall fed are owned by the member banks, which are private banks.
you're wrong chimp-tard.
reread the included support materials.
Umm, that was created by bankers and then bankers were appointed to run it.The used the same types of rules J.P. Morgan would use to get consensuses among all the Wall Street swindlers whenever they crashed their own markets, demanding they all kick into a kitty for bailouts and in really bad crashes they could bring in the Treasury Dept. It's shares are owned by national banks. 'Too Big To Fail' has been around a long long time.
Based Chad
Was it me?
Based Chad
Was it me?
meanwhile this idiot runs around saying congress owns the federal reserve.
dumbest shit ever.
dumbest shit ever.
He gets all excited sometimes. It's tough being a PC Police on the innernetz; so many unappreciative people out there who keep reading unapproved history n stuff and failing to adhere to the Party lines.
FDR's programs were fascist. So what? They put food on peoples' tables after the Big Giant Business Experts collapsed the economy and didn't do a damn thing to rebuild it. His smartest move was putting Joe Kennedy in charge of cleaning up Wall Street, Eccles head of the Federal Reserve, Henry Morgenthau at Treasury, and Baruch in charge of wartime production, a job he did well at in WW I as well. That's why he got elected to 4 terms. He did a much better job than Hoover and his cronies did. Could he have done better? Sure, but nobody is perfect, and the GOP loved to sabotage and obstruct, even during wartime, so he did well with what he had.
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Based Chad
Was it me?
he's a globalist banker cocksucker like so many others.
Based Chad
Was it me?
our central bank in private hands is the bad kind of fascism.
I'm for food stamps and roads, and police.
I'm not a libertarian dumbass.