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Yeah you said something about lender of last resort and it had me scratching my head. You mean the USA needs a lender of last resort?
The economy does.
EXACTLY!!!!!! And they ended on average in 18 months!
You needed the Fed and FDR to extent to nearly a whole decade and only ended when Hitler conquered France
Are you serious or is this sarcasm?
I’m not an economist nor well versed in monetary policies and the Fed, etc.Do you understand "lender of last resort"?
End the Fed... and replace it with what?
But the Fed controls the economy. Why should the economy need a lender of last resort? Sounds like a racket.The economy does.
I’m not an economist nor well versed in monetary policies and the Fed, etc.
So pardon my learning curve.
Nonetheless, I study and I eventually get a handle on such matters (to a limited extent, I acknowledge).
Since you asked the question, let me offer you one very interesting analysis.
I also invite CrusaderFrank and Oddball to review and chime in, as well as others who have a good handle on this topic.
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www.levyinstitute.org
The FED is the lender of FIRST resort.I’m not an economist nor well versed in monetary policies and the Fed, etc.
So pardon my learning curve.
Nonetheless, I study and I eventually get a handle on such matters (to a limited extent, I acknowledge).
Since you asked the question, let me offer you one very interesting analysis.
I also invite CrusaderFrank and Oddball to review and chime in, as well as others who have a good handle on this topic.
Loading…
www.levyinstitute.org
In other words, you can’t refute it?Thanks for that video. It was pretty funny.
Why don’t you read it and see what you think — if you can do that. Think, I mean.Is there a particular portion of that paper you want to discuss?
Or all101 pages?
But the Fed controls the economy. Why should the economy need a lender of last resort? Sounds like a racket.
Exactly, the FED has its fingers everywhere. Fannie, Freddy, minting new money, etc. The FED creates inflation and then says we have to raise interest rates to stop the inflation that they created.The FED is the lender of FIRST resort.
Every single "dollar" in circulation since 1913 was first "borrowed" into circulation from them.....Problem being that they don't have anything but a big checkbook, with no account from which to draw.
Fiat currency is the greatest scam ever devised by mankind.
The FED is the lender of FIRST resort.
Every single "dollar" in circulation since 1913 was first "borrowed" into circulation from them.....Problem being that they don't have anything but a big checkbook, with no account from which to draw.
Fiat currency is the greatest scam ever devised by mankind.
In other words, you can’t refute it?
They've been in the business of buying up the mortgage-backed securities that caused the '08 crash, in order to maintain the illusion of a healthy stock market...When the impending crash comes from their mis and malfeasance, they'll hold an insane amount of real estate.Exactly, the FED has its fingers everywhere. Fannie, Freddy, minting new money, etc. The FED creates inflation and then says we have to raise interest rates to stop the inflation that they created.
Why don’t you read it and see what you think — if you can do that. Think, I mean.
Since this enormous power was given by Congress to some unaccountable Fed Board members, probably in derogation of congressional responsibility and in violation of what the Constitution commands, it seems only reasonable that Congress retains the authority to itself correct this mistake.