Quote:
Originally Posted by Robbie
Yep, and the Federal Reserve policies are what is making our money pretty much worthless.
And since they are printing tons of money every month...and the people who know best how to leverage worthless money are...banks, the rich keep getting richer and the poor keep getting poorer and poorer.
Something to think about as Obama is now trying to change the national conversation from Obama-Care to "income inequality" (he tried a couple of weeks ago with "immigration reform" but that didn't work either).
The "income inequality" is being fueled by the Fed. And the ongoing rise in costs of everything (because a dollar isn't worth shit anymore) and the mega-inflation that is coming is going to make it much, much worse.
Meanwhile...millions of dollars are simply being printed by the Fed each month. And interest rates are as low as they have ever been.
No, it's not the minimum wage that needs to be raised.
It's the value of the dollar that needs to be brought back. We can't raise the minimum wage fast enough to keep up with the printing presses at the Fed.
We need a President to step in and use his influence here. But he seems to be too pre-occupied with simultaneously telling the country that "ObamaCare is working" (that speech the other night was fucking ridiculous) and trying as hard as he can to get people to NOT think about it (immigration reform, and now "income inequality").
He's gonna keep throwing shiny red balls until one of them gets our attention and the press goes running after it like dogs. lol
Merry Christmas everybody!
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and somehow Robbie I bet you live a better life materially wise than 99% of your ancestors and living relatives.
The Fed has become a favorite boogey man of the conspiracy kooks, it's a far less the clandestine sinister operation than people think. It's the de facto central bank of the United States. There are no countries I know of that don't have a central bank. It's the government that is printing that money, and yes the banks love it.
As long as there are takers for US debt there's no problem, not sure what happens when the day arrives when there isn't. They don't call economics 'the dismal science' for nothing.