DEBT: The Opium of The Fed's Manipulated Economy

[Brian4Liberty]

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!

[emazur]

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

[Swordsmyth]

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.

[Swordsmyth]

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.

[georgiaboy]

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