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Federal Reserve

tyler90az
Posts: 971
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1/29/2012 4:47:45 PM
Posted: 4 years ago
Why does everyone hate the federal reserve?
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16kadams
Posts: 10,497
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1/29/2012 5:11:34 PM
Posted: 4 years ago
1. They have done nothing to save money, enslaving us with debt we will never be able to pay off. So one of their main functions they fail at.
2. Since they where created they have ramped up inflation to deal with the debt, the dollar has lost 96% I think of it's value since they where implemented.
3. They manipulate the economy by setting federal interest rates
4. hey control the money supply, and are bad at it. They inflate and deflate way to much, based on the graph. http://en.wikipedia.org... Never small changes, only make ones that have major shifts in the economy, they basically control it.
5. They are guilty of lobbying.
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"A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross
strangerthanfiction
Posts: 1
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1/29/2012 10:30:06 PM
Posted: 4 years ago
At 1/29/2012 4:47:45 PM, tyler90az wrote:
Why does everyone hate the federal reserve?

Because, IT'S VERY PURPOSE is to control the life-blood(money) of The U.S.A., enabling them, (the owners of the banks & their partners) to do WHATEVER they need to do to keep themselves in power,...that's the bottom line.
tyler90az
Posts: 971
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1/30/2012 2:24:30 PM
Posted: 4 years ago
At 1/29/2012 10:30:06 PM, strangerthanfiction wrote:
At 1/29/2012 4:47:45 PM, tyler90az wrote:
Why does everyone hate the federal reserve?

Because, IT'S VERY PURPOSE is to control the life-blood(money) of The U.S.A., enabling them, (the owners of the banks & their partners) to do WHATEVER they need to do to keep themselves in power,...that's the bottom line.

To me it seems like the purpose of the Federal Reserve is to keep the economy from collapsing. The reason they manipulate money is to help the economy. Although it may not always work, it is done with good intentions. The question is if, the economy would be stable without the Federal Reserve?

Also can anybody show me examples of how the Federal Reserve has had bad intentions?
Today we begin in earnest the work of making sure that the world we leave our children is just a little bit better than the one we inhabit today. - President Obama
Wallstreetatheist
Posts: 7,132
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1/31/2012 3:12:03 AM
Posted: 4 years ago
2. Since they where created they have ramped up inflation to deal with the debt, the dollar has lost 96% I think of it's value since they where implemented.

http://dictionary.reference.com...
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Wallstreetatheist
Posts: 7,132
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1/31/2012 3:18:35 AM
Posted: 4 years ago
The Federal Reserve fuels speculation and malinvestment due to cheap money at low interest rates.

These low interest rates also discourage savings, which in turn discourages capital investment, leaving less impetus for the growth of manufacturing and production: the true forces behind genuine economic growth.

The Fed devalues the dollar, decreases the purchasing power of money we hold in banks, and unnecessarily inflates/deflates the money supply resulting in economic catastrophes [see Great Depression, dot-com bubble, financial crisis].

There are more reasons, but I'll let other people hit them.
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16kadams
Posts: 10,497
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2/1/2012 8:10:09 AM
Posted: 4 years ago
At 1/31/2012 3:12:03 AM, Wallstreetatheist wrote:
2. Since they where created they have ramped up inflation to deal with the debt, the dollar has lost 96% I think of it's value since they where implemented.


http://dictionary.reference.com...
http://dictionary.reference.com...

Lol sorry.
https://www.youtube.com...
https://rekonomics.wordpress.com...
"A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross
PARADIGM_L0ST
Posts: 6,958
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2/1/2012 8:33:51 AM
Posted: 4 years ago
To me it seems like the purpose of the Federal Reserve is to keep the economy from collapsing. The reason they manipulate money is to help the economy. Although it may not always work, it is done with good intentions. The question is if, the economy would be stable without the Federal Reserve?

Also can anybody show me examples of how the Federal Reserve has had bad intentions?:

Of course the Federal Reserve doesn't have bad intentions... But then neither did Hitler. Both are/were convinced of their rightness, but it didn't make it so, no matter how much they personally believed in it.

And it doesn't keep the economy stable, they cannot. Only markets can create that kind of stability, and the proof should be in the near insolvency of the U.S. and unfettered debt that is, literally, mathematically impossible to reverse. And you still believe the FED is working?

"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance." --James Madison

"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." --Thomas Jefferson

"The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe." --Abraham Lincoln
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socialpinko
Posts: 10,458
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2/2/2012 2:48:13 PM
Posted: 4 years ago
http://mises.org...
: At 9/29/2014 10:55:59 AM, imabench wrote:
: : At 9/29/2014 9:43:46 AM, kbub wrote:
: :
: : DDO should discredit support of sexual violence at any time and in every way.
:
: I disagree.
darkkermit
Posts: 11,204
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2/2/2012 5:00:36 PM
Posted: 4 years ago
At 2/1/2012 8:33:51 AM, PARADIGM_L0ST wrote:
To me it seems like the purpose of the Federal Reserve is to keep the economy from collapsing. The reason they manipulate money is to help the economy. Although it may not always work, it is done with good intentions. The question is if, the economy would be stable without the Federal Reserve?

Also can anybody show me examples of how the Federal Reserve has had bad intentions?:

Of course the Federal Reserve doesn't have bad intentions... But then neither did Hitler. Both are/were convinced of their rightness, but it didn't make it so, no matter how much they personally believed in it.


Recessions have been less dramatic and shorter with the Federal reserve in place.
There's a chart on wikipedia (search inflation) that shows inflation deflation was quite volatile before the creation of the FED

Of course, the Great Depression is an exception, but I'd say that our knowledge of economics wasn't as good back then. I tend to believe that good economic policy can dampen the effects of recessions and prevent one.

My concern is that the FED can only operate effectively if it has "good" intentions and the right people are in charge. If the wrong people are in charge and it has "bad" intentions, then the FED can be used as a very negative force.
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Starcraftzzz
Posts: 487
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2/4/2012 4:41:02 PM
Posted: 4 years ago
At 1/31/2012 3:18:35 AM, Wallstreetatheist wrote:
The Federal Reserve fuels speculation and malinvestment due to cheap money at low interest rates.
Incorrect the FED fuels loans to people and businesses, and technically government those entities are the ones who then speculate or malinvest, but they can also invest into things that better the economy

At 1/31/2012 3:18:35 AM, Wallstreetatheist wrote:
These low interest rates also discourage savings, which in turn discourages capital investment, leaving less impetus for the growth of manufacturing and production: the true forces behind genuine economic growth.
What do you think loans are for? Partying? Most people get loans in order to start a business or to invest. It was only when our government competently deregulated the banking industry did speculative debt bubbles occur. For example you use to not be able to take out multiple loans on your house. Another example is that before deregulation banks could not dice loans up and package them with insurance and sell the off as save assets.

At 1/31/2012 3:18:35 AM, Wallstreetatheist wrote:
The Fed devalues the dollar, decreases the purchasing power of money we hold in banks, and unnecessarily inflates/deflates the money supply resulting in economic catastrophes [see Great Depression, dot-com bubble, financial crisis].
How does inflating the money supply cause bubbles and financial crisis's? I ask because I truly believe that you are incorrect.
The dot-com bubble occurred because people put a bunch of money into non productive internet start ups.
The housing bubble/banking crisis occurred because people were suddenly aloud to get multiple loans from their houses and newly deregulated banks didn't have to follow set rules that prevented them from saying that there assets/loans were AAA.