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Thread: Bailout Everyone? The Fed Is Doomed To Fail

  1. #1

    Bailout Everyone? The Fed Is Doomed To Fail

    March 20, 2020

    “The right to life is the source of all rights—and the right to property is their only implementation. Without property rights, no other rights are possible. Since man has to sustain his life by his own effort, the man who has no right to the product of his effort has no means to sustain his life. The man who produces while others dispose of his product, is a slave.”

    Read the RPF trolls' playbook here (post #3)

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  3. #2
    The Fed will be creating trillions of new dollars based upon the programs that they've announced in the last week or so. More bailouts are likely coming for States and Municipalities. The Fed is going to be buying up every asset under the sun. They are going to own everything. This is a sane and logical outcome for a fiat money system.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  4. #3
    Temporary Ban New York, NY

    Join Date
    Jun 2016
    The FED is economic illiterate.
    Republicans are once again exposed as Socialists like Bernie Sanders!

  5. #4
    Good episode.

    Ron mentioned that the economic Marxists and cultural Marxists want chaos and panic, as they believe they can use the crisis to push their agenda.

    Makes me wonder where some of these ”everybody panic” emails originate.

    Also related is the fact that local media in California keeps talking about the things that the Democratic Socialists are doing to help the homeless during this crisis... hmm.

    Ron also spoke positively about the idea to cut or eliminate income taxes for the rest of the year. Variations of that idea have been floating around.

    They don’t like the idea of direct payments to everybody, as that would accelerate into an inflationary depression. It’s the new modern monetary theory: print as much money as possible!
    "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
    They are what they hate.” - B4L

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

  6. #5
    "...socialism has been around a long time, socialist thinking, but right now we're verging on something closer to fascism..." - Ron Paul

    "Government ... does not exist of necessity, but rather by virtue of a tragic, almost comical combination of klutzy, opportunistic terrorism against sitting ducks whom it pretends to shelter, plus our childish phobia of responsibility, praying to be exempted from the hard reality of life on life's terms." Wolf DeVoon

    "...Make America Great Again. I'm interested in making American FREE again. Then the greatness will come automatically."Ron Paul

  7. #6
    Quote Originally Posted by PAF View Post
    March 20, 2020

    Um, no.

    The fed is by no means doomed to fail. I would love to see it fail, but the fact is that it can go on like this indefinitely, so long as certain conditions hold. That's the beauty of the system as it is architected. So long as purchasing power remains above a threshold and the rate of expansion of the money supply remains below a certain threshold, this system can go on indefinitely. It matters no whit whether a loaf of bread costs $800, so long as one's income is commensurately high. So long as the rate of inflation occurs at or below some value, it can go on forever without immediate harm to anything, except for cash savings, which will naturally lose relative value because savings accounts return $#@! for interest.

    I'm not defending the system. I do, in fact, resolutely condemn it. But this system can go on forever so long as it is managed properly. The real danger is that inept or malicious "management" could destroy the economy in a matter of weeks or perhaps even less. I do not trust those bastards to the door.
    Through lives and lives shalt thou pay, O' king.

    Freedom will be stolen from you in a heartbeat if you do not behave as a wild and ravening beast pursuant to its protection.

    "Government" is naught but a mental construct, a script to which people meekly accept and play out their assigned roles by those with no authority to dictate such.

    Pray for reset.

  8. #7
    Here's Ron Paul's reading list.

    From Bastiat
    There is an article in the Constitution which states:
    “Society assists and encourages the development of labor…. through the establishment by the state, the departments, and the municipalities, of appropriate public works to employ idle hands.”
    As a temporary measure in a time of crisis, during a severe winter, this intervention on the part of the taxpayer could have good effects. It acts in the same way as insurance. It adds nothing to the number of jobs nor to total wages, but it takes labor and wages from ordinary times and doles them out, at a loss it is true, in difficult times.
    Ron also puts Road to Serfdom on that list. From Hayek in the Road to Serfdom

    There is no reason why, in a society which has reached the general level of wealth ours has, (the certainty of a given minimum of sustenance) should not be guaranteed to all without endangering general freedom; that is: some minimum of food, shelter and clothing, sufficient to preserve health. Nor is there any reason why the state should not help to organize a comprehensive system of social insurance in providing for those common hazards of life against which few can make adequate provision.
    Strange that two of Ron's three favorite authors were "socialists".

    Ron Paul also was a fan of Milton Friedman. He eulogized him on the House floor in a very nice speech.

    INTERVIEWER: Now, at the time of the Depression, did you personally support New Deal policies?

    MILTON FRIEDMAN The other part of the new deal policy was relief and recovery... providing relief for the unemployed, providing jobs for the unemployed, and motivating the economy to expand... an expansive monetary policy. Those parts of the New Deal I did support.

    INTERVIEWER: But why did you support those?

    MILTON FRIEDMAN: Because it was a very exceptional circumstance. We'd gotten into an extraordinarily difficult situation, unprecedented in the nation's history. You had millions of people out of work. Something had to be done; it was intolerable. And it was a case in which, unlike most cases, the short run deserved to dominate.

    This is 1929 right now.
    Last edited by Krugminator2; 03-21-2020 at 05:49 PM.

  9. #8
    The FED is doomed.

    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    DACA S**thole Dreamers - Make America Great Again?

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