Does the Federal Reserve negatively impact the 'American Dream' and overall US economy? (

Asked by: Altectz
  • Of course they negatively impact the American Dream and US Economy!

    The American Dream means to be successful in life in the United States regardless of race, gender, religion, welfare. To be able to go from nothing to something. The Federal Reserve limits goal. Firstly the Federal Reserve should simply be removed. For it also negatively impacts the US economy, through many ways such as but not limited to;
    Printing large quantities of money without representation of gold.
    Loaning said money to banks with interest. Leading to banks loaning money to citizens of higher interest. This later on causes dollar value drop, then overall economy, causing less jobs with good may to be present. Immigrants and many citizens striving for the american dream now have to deal with low wage jobs, low value of their wages, difficulty to find job, and more. This is happening right now in front of our eyes. This is also known as inflation of the dollar. Do you think someone in the middle or lower class can achieve this dream? For those in the higher class have already achieved it.

    "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."-Thomas Jefferson.

  • Do some research please!

    The Federal Reserve is necessary to the US economy. First of all, printing money.... Do you see rapid inflation? How come our real inflation rate is not over 5%? Come on, do research people. The fed helps you buy that house. Low wage jobs has nothing to do with the fed, that's the business. *cough* 6.3% unemployment *cough*
    Worry about the wealth gap, the fed cannot control that. That is our biggest problem right now.

  • Only Republicans who don't know what they're talking about say "yes"

    The federal reverse is not a government branch but the Board of Governors (which is part of the government) appoints people in the federal reverse. The federal reverses (itself) doesn't harm the economy or hinder the economy; it's the politics and economics used in the system that will make or break the economy. Assuming we're talking about the recession we just had; it was not caused by Federal Reverse, it was caused by Bush regulating the economy, then allowing businesses and banks like Bank of America to gamble with housing markets and privately owned money (because glass steagall act was gone) then they purposely made people go into foreclosure and caused a trickle down effect entirely screwing the economy from real-estate to oil or everything. There is a reason why George H.W Bush called reaganomics, voodoo economics! THINK PEOPLE! The Federal Reverse is not a bad or good; it is a necessary part of the modernized economy and society.

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