Now apply this mentality to the run-away inflation, which is nothing more than opportunistic greedflation.
(media.kotakuinaction2.win)
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Don't give me this shit that Inflation is just greedy capitalists. Take your communist gobledy-gook somewhere else.
Inflation is theft of my purchasing power. Inflation is only EVER caused by one and only one entity: the US congress.
Trump's lying out his ass to get Walmart to tell China that they can't raise prices on American consumers, which causes China to tell Walmart that there isn't another option. As a result; Walmart has to change their supplier to Vietnam, Bangladesh, Japan, Korea, Indonesia, or the Philippines.
You must have missed the year of 1913 in history class, the year that the Federal Reserve was created. It's the Fed, not Congress, which causes all inflation, because they're the ones that print money. We've lost over 99% of the value of the U.S. dollar since 1913.
First of all, they don't teach any of that in history class.
Secondly, the Federal Reserve doesn't make money, Congress does. Congress spending more than what it's budget can pay for requires the Federal Reserve to print money. The Federal Reserve can't print money on it's own, it has to get approval from Congress to do so.
Uh huh. Bankers have never, ever used their control of the issuance of money, of usury, to control politicians, political parties, or governments...ever. Bankers are too honest for that.
Uh huh. Governments have never, ever, used their control over the issuance of money, interest rates, to control the finance in order to profit themselves and fit their ambitions... ever. Politicians, Dictators, Kings, and all other political leaders are too honest for that.
It's not a private bank, it's a government bank with private bank participation.
Don't 1 and 5 contradict one another? I mean it sounds like borrowers can create inflation, in our current f'ed up system.
AFAIK The Fed is solely in control of monetary policy and money supply and doesn't have to listen to Congress. Congress can only sell bonds on the market. Not making a value judgement about banks vs gov, but indirectly corporate borrowers and the Fed could cause inflation without Congress.
Only with the emergency measures they gave themselves in response to the GFC. Most of their history they never did make their own money.
The federal reserve causing inflation is an anti semitic conspiracy theory because its owned by the Rothschild's. CONGRESS makes the money, not the bank.
Thank you for the laugh. You sound like a Wikipedia entry.