thereisnospoon
Gold Member
Get the dog shit off your keyboard.Amazing. The federal reserve operates independently...In theory.What we need is to have the government taking back control of the federal reserve.
The Fed is part of the government already.
If you meant that Congress needs to control monetary policy, I'll have to laugh at you.
Actually the federal reserve as a policy agency needs to be abolished.
The federal reserve has been manipulating the money supply and pumping money into the financial markets to prop up value.
This has caused the US Dollar to fall to 30 year lows vs major currencies. This is one of the reasons why gasoline shot up to $4 per gallon.
Prices have fallen on bad economic conditions which have squashed demand.
Oh..But wait....The fed at the request of the White House is going to enact QE 3.....Yep, the fed will pour more money into the markets. Money that must be printed. This increase in the supply of money will again lower the value of the US Dollar. This could result in rising prices again. Great.
so according to u the fedcis bad be ause it does things u think are good. god ur a retard