19 Dec 2017 10:55 am
...as someone who has grown a little fond of you charles, SHHHHHHHHHHHHHHH...you're only digging deeper...ENOUGH OF YOUR CHILD-LIKE OPINIONS/UNDERSTANDINGS ABOUT SOME 2% GROWTH MEASURED IN SOME ILLION$ OF DOLLARS WHEN IT'S PAINFULLY OBVIOUS THAT YOU ARE A BUTT-IGNORAMUS AS TO THE ORIGIN AND NATURE OF EVEN ONE 'DOLLAR'...stfu, man!...charles.thompson » 19 Dec 2017 7:54 am » wrote:the fed operates as it does to keep inflation around 2%...which it has honestly done a great job at...and it certainly would not be possible for us to have 2% inflation if private banks were making their own money. Also, the fed is supposed to try to keep unemployment around 4.5%, which it has been decent at doing. obviously its impossible during a recession.
...look around you, charles!...'growth' in warmongeri$m, 'free market' prisons, oil consumption, 'the financial sector' etc....stfu with your 2% buffalo shuffle, charles!..SAVE YOURSELF, CHARLES!!...STOP WITH YOUR TWISTED REPUBLICAN RADIO WORLDVIEW!...SHHHHHHHHHH....
"To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate..., producing an expansion of credit and a rising stock market; then when ... business men are adjusted to these conditions, it can check ... prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage, They also know when to stop panic. Inflation and deflation work equally well for them when they control finance."[8] (charles lindbergh-certainly no radio-republican)