Now apply this mentality to the run-away inflation, which is nothing more than opportunistic greedflation.
(media.kotakuinaction2.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (55)
sorted by:
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.
I never argued that governments aren't corrupt. You do know that two things can be true at once? However, truth and reality are hierarchical and discriminatory, meaning that some things hold more weight than others, depending on circumstance. I only pointed out who (and what) causes inflation, and that the vast, vast majority of the devaluation of the dollar (i.e. inflation) occurred after the Federal Reserve was created in 1913. Before that, the dollar was largely stable, when the issuance of money was in the hands of the federal government, and not in the hands of a privately controlled bank (the Fed).
There are more examples of bankers taking control of nations via usury, money lending, and printing money. It happened multiple times in European history, and currently.
You're trying to argue with someone pushing an agenda, instead of wanting to talk about facts. It's a mistake we all make every now and then.
It's not a private bank, it's a government bank with private bank participation.
Borrowing real money can never cause inflation.
No, it is not an imaginary number, like i. i is a number subject to rigorous mathematics. The $200M is literally an imaginary number, as in, "made up out of nothing."
Don't 1 and 5 contradict one another? I mean it sounds like borrowers can create inflation, in our current f'ed up system.
Borrowing real money does not create inflation. It creates only a risk for the lender, who may not get his or her money back, against a possible future profit.
Creating fiat dollars for banks to lend out always creates inflation.
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.
I am but a simple ape, so I must assume you know more than me about our money printing system, but I know we are far from constitutionally assigned roles at this point. I just don't think Congress has much control over that right now -- except obvs they should not spend more money than they have or else the Fed has to print more. On that we agree.
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.