The Federal Reserve Bank has raised rates 9 times since jb oval office

The Federal reserve Bank has raised the rates nine times since Joe Biden entered the oval office.

1. Canceled oil leases
2. Gasoline prices are crazy
3. Inflation on domestic goods still climbing
4. Prices on imports jump monthly
5. Criminals mostly go unpunished
6. Shoplifting becomes legal
7. Banks around the World are raising rates
8. Joe knows he can't be thrown out of office
9. ATS MEMBERS PLEASE ADD TO THE LIST

To be fair, the collapse of USD has been inevitable since conception, by design, and it was well past due in 2013...

But I don't see anything on that list actually related to fed so I'm confused about your rant?

All of those things are about our worthless government, not the banking cartel that operates outside of government

originally posted by: lordcomac
To be fair, the collapse of USD has been inevitable since conception, by design, and it was well past due in 2013...

But I don't see anything on that list actually related to fed so I'm confused about your rant?

All of those things are about our worthless government, not the banking cartel that operates outside of government

Yes, you are right. I took a wrong thinking of the FRB, But maybe there is some truth to its connection that we have not yet discovered yet.

originally posted by: musicismagic
But maybe there is some truth to its connection that we have not yet discovered yet.

No, there isn't a connection, and the Fed has had rates far too low for far too long, they needed to go up.

originally posted by: AugustusMasonicus

originally posted by: musicismagic
But maybe there is some truth to its connection that we have not yet discovered yet.

No, there isn't a connection, and the Fed has had rates far too low for far too long, they needed to go up.

Huh? They are engineering a currency collapse. Rates aren't the fix for the issue. The issue is the erosion of society, the deglobilization of world trade, and printing too much money.

Raising rates on the people that didn't cause the problem doesn't fix the problem. It just empties the already empty pockets of the have nots, while the haves are completely unaffected.

When you have 1 dollar, it's worth 1 dollar, when you print a second dollar, the 1st dollar is now worth 50 cents. This is inflation. When you print too much money, you raise rates to extract that money out of circulation, to bring the value of the money back up.

When you take the poor peoples money and leave the rich people's money alone, their ridiculous amounts of money become worth ridiculously more, while the broke people who can't afford anything, can now not afford to live.

But yeah totally -- rates need to go up...

::Rolls eyes::

The super wealthy need to have their stolen money taken out of circulation, and we need to leave the poor people alone. We don't need private citizens that are capable of funding entire space programs. This is a problem.

This is what happens when you erode education and plan to lower IQ, while flooding the streets with drugs and promoting businesses that are just scams like Slot Machine Arcades. The uneducated poor people have dreams they can get rich, so they don't want to hurt their chances of being free by ending the scams, the rich educated are morally bankrupt and step on the poor's heads, while the educated and middle class [the people with morals AND education] get fleeced by the fed and told to either shed your moral integrity or live with the brokies.


There should NOT be triollionaires, there should NOT be billionaires. Millionaires are fine, we knew this -- we had laws in place from the beginning that made Monopolies illegal, but you know -- we just ignore that now. Vangaurd and Black Rock own everything, making unknown [we do know] fat cats fatter so they can enslave humanity.

Yeah raise the rates though; rob the middle class, take all the poor people's # for the rich people's exploitations. Again; we always pay for the damage they do chasing dollar bills. This is a mental illness, it even has a name -- it's called greed. Fancy that, it's even classed as one fo the 7 deadly sins, because greed kills societies.

a reply to: SRPrime

The Fed's easy money policy, begun under Greenspan, has kept rates too low for decades. Near-zero interest rates are not conducive to a healthy economy, rates in the 5% range are still below historical averages. You're also conflating raising rates with printing currency which shows you don't actually understand the policy, it just sounds like you want free government cheese and more handouts.

originally posted by: musicismagic
The Federal reserve Bank has raised the rates nine times since Joe Biden entered the oval office.

1. Canceled oil leases
2. Gasoline prices are crazy
3. Inflation on domestic goods still climbing
4. Prices on imports jump monthly
5. Criminals mostly go unpunished
6. Shoplifting becomes legal
7. Banks around the World are raising rates
8. Joe knows he can't be thrown out of office
9. ATS MEMBERS PLEASE ADD TO THE LIST

Joe can’t be thrown out of office because Harris is even worse. Joe is a genus and he gets paid by all of the enemies of the US.

a reply to: SRPrime

To be fair, the dollar was originally a "receipt" for precious metals held by the bank for convenience. Each dollar represented a ration of gold, the exact size of said ration depending on how many dollars are in circulation and each wave of "receipts" successively reducing that ration until...

Prior to the federal reserve act of 1913 the price per oz of gold was on average $18.92 an ounce. Between 1913 -1920 the price increased to 20.68 due to circulation of federal reserve notes, however the price remained around 20 dollars an ounce until 1934.

After FDR confiscated citizen gold in 1933, the US passed the Gold Reserve Act which fixed the price of gold at 35 dollars an oz.

en.wikipedia.org...

The price remained relatively stable at around 35 dollars an ounce until 1971 when Nixon killed the gold standard.

www.quora.com...

originally posted by: AugustusMasonicus
a reply to: SRPrime

The Fed's easy money policy, begun under Greenspan, has kept rates too low for decades. Near-zero interest rates are not conducive to a healthy economy, rates in the 5% range are still below historical averages. You're also conflating raising rates with printing currency which shows you don't actually understand the policy, it just sounds like you want free government cheese and more handouts.

Rates are inflation control; thereforby, the more you print, the higher your rates need to be to clamp down on the inflation that you drove.

This is basic. You think you understand but you don't. Interest rates are "sinks" to take money out of circulation. You raise rates when there is surplus in circulation and it devalues. That's the only way to bring value up. Over correcting makes the people who need loans to purchase things over pay for things they NEED, while the people who can afford them outright without loans who have everything they need wait it out until the rates drop after extraction. In otherwords, the poor stay poor, the rich stay rich; the surplus is reduced, but the proportions lopside, as the middle class gets reset into the peasant class and the rich hold on to their wealth, which actually increases as a result of the value of money going up. This is a grift, we've been playing the same grift over and over on each generation, making the wealthy super wealthy and hiding the solution behind generations of "policy" that confuse and over complicate the discussion.

You need to forget about "policies" and learn about basic economics. This stuff is basic.

Monopoly is bad. The wealthy are now HYPER WEALTHY, and the problem keeps compounding. The only answer is truly removing the HYPER from their wealth, breaking the monopolies, bringing manufacturing and labor back home, and letting brick and mortar flourish again.

We need SMALL BUSINESS and SMALL GOVERNMENT. A ton of small businesses still generate LARGE GDP's. There needs to be equity. Not a bankrupt population with a few HYPER RICH fat cats.

The answer isn't handouts to the have nots, the answer is hand-in's for the haves. They didn't make their money off of hard work. Elon Musk doesn't know what hard work is, he inherited an Emerald Mine.

a reply to: AugustusMasonicus
Better handouts HERE than for some European craphole halfass bs.

originally posted by: SRPrime
Rates are inflation control; thereforby, the more you print, the higher your rates need to be to clamp down on the inflation that you drove.

That isn't the case as the inflation we are experincing is a by product of the Rona shutdowns. Anyone who even remotely understands supply and demand economics saw this coming years ago.

Here, let me make it easy for you, what should the prime rate be and why? You keep going on about basic economics, let's see you answer this simple one.

originally posted by: SRPrime

originally posted by: AugustusMasonicus
a reply to: SRPrime

The Fed's easy money policy, begun under Greenspan, has kept rates too low for decades. Near-zero interest rates are not conducive to a healthy economy, rates in the 5% range are still below historical averages. You're also conflating raising rates with printing currency which shows you don't actually understand the policy, it just sounds like you want free government cheese and more handouts.

Rates are inflation control; thereforby, the more you print, the higher your rates need to be to clamp down on the inflation that you drove.

This is basic. You think you understand but you don't. Interest rates are "sinks" to take money out of circulation. You raise rates when there is surplus in circulation and it devalues. That's the only way to bring value up. Over correcting makes the people who need loans to purchase things over pay for things they NEED, while the people who can afford them outright without loans who have everything they need wait it out until the rates drop after extraction. In otherwords, the poor stay poor, the rich stay rich; the surplus is reduced, but the proportions lopside, as the middle class gets reset into the peasant class and the rich hold on to their wealth, which actually increases as a result of the value of money going up. This is a gift, we've been playing the same gift over and over on each generation, making the wealthy super wealthy and hiding the solution behind generations of "policy."

You need to forget about "policies" and learn about basic economics. This stuff is basic.

Monopoly is bad. The wealthy are now HYPER WEALTHY, and the problem keeps compounding. The only answer is truly removing the HYPER from their wealth, breaking the monopolies, bringing manufacturing and labor back home, and letting brick and mortar flourish again.

We need SMALL BUSINESS and SMALL GOVERNMENT. A ton of small businesses still generate LARGE GDP's. There needs to be equity. Not a bankrupt population with a few HYPER RICH fat cats.

The answer isn't handouts to the have nots, the answer is hand-in's for the haves.

Which brings us back to the recurring economic motif: "leveraging money from the wealthy to stabilize the value of currency will raise the cost of production and by extension the cost of local business which solves nothing"

Check 😐

originally posted by: shooterbrody
Better handouts HERE than for some European craphole halfass bs.

Then get in line for your EBT. The only people who want a Fed easy money policy are parasites looking for their monthly handout.

a reply to: AugustusMasonicus
As opposed to those sucking the “Ukrain” government stream?
Lol
What a gargantuan hypocrite.

originally posted by: AugustusMasonicus

originally posted by: SRPrime
Rates are inflation control; thereforby, the more you print, the higher your rates need to be to clamp down on the inflation that you drove.

That isn't the case as the inflation we are experincing is a by product of the Rona shutdowns. Anyone who even remotely understand supply and demand economics saw this coming years ago.

Here, let me make it easy for you, what should the prime rate be and why? You keep going on about basic economics, let's see you answer this simple one.

Wrong dude. The rona shutdown commerce; we then printed MONEY to give people stimulus. The RONA caused us to print more money. Anybody who is even remotely paying attention saw this coming when they promised stimmies. It doesn't matter WHY we printed more money, what matters is it caused inflation. The interest rates are going up to remove that inflation, and it's being paid back NOT by the wealthy, it's being paid back by the poor people who suffered through the economic shut down.

The prime rate shouldn't be controlled by the fed, but should equalize to the market value using Free Market economics.

Of course you think this is wrong though. It's currently 8%, they are thinking about raising it up to ~14%. The problem you're not understanding is, the RICH WILL NOT NEED LOANS OR BUY ANYTHING UNTIL THIS RATE SETTLES, SO WHO IS PAYING THESE RATES? THE MIDDLE CLASS, WHO WON'T BE MIDDLE CLASS WHEN THEY DEFAULT.

The purpose of the FED raising this rate is to bankrupt the middle class.

originally posted by: shooterbrody
As opposed to those sucking the “Ukrain” government stream?

I'm not poor, bro, I can afford both.

a reply to: SRPrime

I noticed you didn't even answer my basic questions. It was basic. You have a strong grasp of 'basic economics'. What should the prime rate be and why?

a reply to: AugustusMasonicus
Lol
Mkay
Gargantuan hypocrisy
Typical

a reply to: shooterbrody

It's amazing you're conflating Fed policy with foreign policy. Is the Fed rate too high for you, bro? Tell us. Inquiring minds want to know if you need it lowered to get more government cheese.

I get that there are poor 'Muricans. It's a thing. My suggestions for them is to get off their asses and make themselves valuable.

a reply to: musicismagic

It was funny listening to MSNBC yesterday say "The Stock Market reacted positively to the rate-hike news. It shed 530 points in an attempt to cool off Biden's overheated economy!"

I bet MSNBC viewers and listeners believed it, just like they believed that Chicago was devastated by two "massive" February tornadoes last month, as MSNBC Climate idiots lied about. (Two EF-0 Tornadoes knocked over a tree and a backyard fence.)