Results 1 to 5 of 5

Thread: DEBT: The Opium of The Fed's Manipulated Economy

  1. #1

    DEBT: The Opium of The Fed's Manipulated Economy

    DEBT: The Opium of The Fed's Manipulated Economy



    Global debt has never been higher. It's almost $250 Trillion. Obviously, the economic world that central banks have created are built on a house of sand. Central banks are socialistic institutions. They are monopolies created and sustained by governments. When the central banking house of cards comes down, it'll be felt around the world. Ron Paul discusses on today's Liberty Report!
    Twitter: B4Liberty@USAB4L
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    ďThey are what they hate.Ē - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.



  2. Remove this section of ads by registering.
  3. #2
    Ron Paul has stayed consistent but the John Birch Society has really gone down the toilet since Trump's election. I just saw from them saying the Federal Reserve is being too tight:
    https://www.thenewamerican.com/econo...-t-raise-rates
    A few days later The New American reported that our position that the Fed’s intervention was intentional and deliberate was confirmed by Jeremy Siegel, professor of finance at the Wharton School of Finance. He told CNBC’s Closing Bell on November 21 that “the market is saying that the pace [of the Fed’s interest rate hikes] is a little too fast.… The market is clearly worried about over-tightening by the Fed.” We noted remarks by Fed Chairman Jerome Powell made in October that the Fed was “a long way from ‘neutral,’” implying that more rate hikes were in the plan in order to slow the economy.
    And what exactly is this "intentional and deliberate act" caused by the tightening? Why a conspiracy to take down Trump of course!
    If, as we have surmised repeatedly, the Fed’s purpose is to slow and then eventually stop the Trump economic juggernaut just in time for the 2020 presidential election, then it is working. Goldman Sachs has just reduced its growth outlook for the first half of 2019 from 2.4 percent to two percent, and the bank expects growth to slow further in the second half of the year to 1.8 percent.

    Morgan Stanley, another insider bank, expects the economy, thanks to the Fed’s interest-rate hikes and its continuing “autopilot” liquidation of its bonds, to slow to 1.7 percent this year, with quarterly growth declining to just one percent in the July to September quarte
    But hey maybe Trump can balance out the "tight" Fed and improve the economy by piling on the tariffs which the Birch Society is also quite fond of:
    https://www.thenewamerican.com/econo...-industry-jobs

  4. #3
    Quote Originally Posted by emazur View Post
    Ron Paul has stayed consistent but the John Birch Society has really gone down the toilet since Trump's election. I just saw from them saying the Federal Reserve is being too tight:
    https://www.thenewamerican.com/econo...-t-raise-rates


    And what exactly is this "intentional and deliberate act" caused by the tightening? Why a conspiracy to take down Trump of course!


    But hey maybe Trump can balance out the "tight" Fed and improve the economy by piling on the tariffs which the Birch Society is also quite fond of:
    https://www.thenewamerican.com/econo...-industry-jobs
    I have heard Ron say that the Fed is wrong too, in fact he says that they can't be right.

    The market should decide what the rates are and how fast they change and the Fed does manipulate the rates to affect politics.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  5. #4
    Quote Originally Posted by emazur View Post
    Ron Paul has stayed consistent but the John Birch Society has really gone down the toilet since Trump's election. I just saw from them saying the Federal Reserve is being too tight:
    https://www.thenewamerican.com/econo...-t-raise-rates


    And what exactly is this "intentional and deliberate act" caused by the tightening? Why a conspiracy to take down Trump of course!


    But hey maybe Trump can balance out the "tight" Fed and improve the economy by piling on the tariffs which the Birch Society is also quite fond of:
    https://www.thenewamerican.com/econo...-industry-jobs
    Defensive tariffs are required when hostile foreign regimes wage trade wars against us.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  6. #5
    In the video, Chris Rossini describes a way for full reserve banks to exist and be profitable.

    Here's an old thread on the topic: Are there any 100% reserve banks in existence?

    In that thread, @AlexMerced stated
    credit and lending does exist in 100% reserve banking, interest rates are a lot higher, savings accounts will usally have holding periods and minimum deposit requirements

    although the other two points as to why they can't exist in the current US are correct.

    Until an end to the fed, 100% reserve can't survive.

    100% reserve banking can exist and thrive, but the current interventionist enviroment doesn't allow it.
    I'm wondering, why did Alex say the boldface? Is because, compared to existing banks, a full reserve bank would have to charge such high fees that it wouldn't be able to compete with the partial reserve banks who have the Fed as their lender of last resort/too big to fail protection?

    I'm thinking for those who are paying attention, at some point as the debt bubble/central bank model continues to become riskier, they will want to shift their deposits into a full reserve bank. Seems like that business model could be proven sustainable.

    Any thoughts? FD: Not a banker
    Last edited by georgiaboy; 01-07-2019 at 09:21 AM.
    The bigger government gets, the smaller I wish it was.



Similar Threads

  1. Debt and the Economy: How do we Pay for all this?
    By bobbyw24 in forum Economy & Markets
    Replies: 0
    Last Post: 11-09-2009, 06:02 AM
  2. Rising Debt May Cause Sun to Set on U.S. Economy:
    By bobbyw24 in forum Economy & Markets
    Replies: 0
    Last Post: 09-18-2009, 05:06 AM
  3. Why Debt Is The Most Powerful Force In The Economy
    By JordanL in forum Economy & Markets
    Replies: 0
    Last Post: 08-21-2009, 12:02 AM
  4. Is Debt the Lifeblood of the Economy?
    By bobbyw24 in forum Economy & Markets
    Replies: 3
    Last Post: 03-10-2009, 08:37 PM
  5. China's economy, and our debt to them
    By jemartinsen81 in forum Economy & Markets
    Replies: 7
    Last Post: 09-22-2008, 08:13 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •