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JanRichardus (November 30, 1999 at 12:00 am)
"Civil DisObedience in Not the problem. Our problem is that people are OBEDIENT all over the world in the face of poverty and starvation and wars with millions killed and detentions and cruelty all the while the grand thieves are running the country. That's our problem."...
nwmrecording (November 30, 1999 at 12:00 am)
idgaf if thats what we needed to start the civil war god bless the federal reserve..
TheBalancedAmerican (November 30, 1999 at 12:00 am)
@katieausgirl Minor deflationary pressure isn't a bad thing, but sustained deflation is VERY bad. Wages fall along side prices, so buying power only increases on the savings side, not the production or earnings side.
Debt and risk become more expensive every year, which stifles spending and investment. Also, when the exchange rate for the dollar increases it makes American exports more expensive, which decreases aggregate demand.
Sustained deflation is very bad medicine. =/
cbasallie (November 30, 1999 at 12:00 am)
Robert Gibbs Confronted on #ows and the Federal Reserve
on youtube
Important
Must watch
katieausgirl (November 30, 1999 at 12:00 am)
@TheBalancedAmerican Deflation is not necessarily a bad thing. In this case it would be good.The price of goods would go down in ration to the deflation of the dollar. So, instead of spending $3.00 on a loaf of bread, you would spend $1.00 on that item. You would also see the value of the dollar increase. So, instead of 74 Japanese Yen to 1 USD, you would see 110 Yen to 1 USD.
TheBalancedAmerican (November 30, 1999 at 12:00 am)
@D503z lol... nice additions ;)
D503z (November 30, 1999 at 12:00 am)
@TheBalancedAmerican
Nice analogy. I guess that big government would be a benign tumor on the brains, slowly growing and endangering the enterpreneurs, bureaucracy would be an open wound bleeding out the muscles, and money inflation would be like injecting water in the veins to keep the heart pumping at a steady rate. :)
nicoleiscoolrawwwwrr (November 30, 1999 at 12:00 am)
END THE FED!!!! RON PAUL 2K12!!!!!!
k2wannab (November 30, 1999 at 12:00 am)
The fact that the Federal Reserve Act was drafted by the fattest of fat cat bankers should be enough for any reasonable person to oppose it.
1123359 (November 30, 1999 at 12:00 am)
Federal reserve is illegal we revolted against England because of their central bank and they took away their freedoms |
