Have you met and dealt with many economists?
The truth about minimum wage and income inequality
- Thread starter Rancho Cucamonga
- Start date
echelon1k1
New Member
Yes I have actually... And it's hilarious the shit Banks, Thinks tanks, Reserve Bank & Government members say behind closed doors...
Dr Kynes
Well-Known Member
i dont think the ice cream's premiumness comes into question...
silasraven
Well-Known Member
it all depends on how you dress. if you like to dawn lounge clothes when you get off work ,but decide to go out in these clothes rather than a polo and khakis and loafers just career is going to be in jeopardy if your seen . i know im there right now.
Harrekin
Well-Known Member
Lol, it sounds like you dress like a dick.
Do you tie a little "cardy" around your shoulders whilst you play polo at the country club too?
Dr Kynes
Well-Known Member
seriously who ties a cardigan around their neck?
a regular sweater sure, thats a preppy classic, but a cardigan? thats crazy.
What did they say behind closed doors? For all the foreboding and distrust that's been expressed here, I haven't seen anything but very general allegations.
In fairness, I don't blame anyone for being suspicious about the Fed. It's a very weird public-private partnership that acts mostly in secret, with its divinations revealed long after they took place. Why do we need private people in the partnership? Why do so many things have to be a secret? People are innately suspicious in these circumstances.
ChesusRice
Well-Known Member
It has to be private or it would affect the market and the economy in not always a postive way.
Dr Kynes
Well-Known Member
no, thats why it's SECRET, but i suspect that is a justification, since many other things can effect the market and they are done in the view of the populace, like employment stats, GDP stats, etc...
it's PRIVATE because it's for the profit of the shareholders, who are banks and investment houses, not people. if you could buy a few shares of Federal Reserve Stocks, you would be entitled to their financial reporting like any ordinary company, but WE cant buy those stocks, only members of the cartel can, so WE dont get to know what they are doing.
their privateness is not a result of their secrecy, their secrecy is a result of their privateness. they are not a publicly traded company, but they are run by private interests for their own profit, but they do it with OUR money.
They get a fixed dividend on the stock they own and they're bound to what's set out in the founding documents. Any bank meeting requirements can buy in. I don't see why this looks so nefarious.
Profit from their bank stock? That doesn't amount to very much.
Dr Kynes
Well-Known Member
they profit from operating a legally protected monopoly on the manufacture of fiat currency by private individuals for their own gain....
whats not to trust?
their record of boom/bust failure, their constant inflation, their operation as the third leg of the stool in the endless debt slotmachine congress is currently dumping the treasury into, and their secrecy are none of them confidence boosters.
the market used to quake and shudder with greenspan's ever eruction, and now that pinhead giethner has the reins, but the real power operates from the shadows in closed door meetings with their own profits at the top of their secret agendas.
we dont let congress operate this way, we dont even let the CIA operate this way, but the federal reserve is answerable only to itself.
what's not to trust?
a gallon of milk used to cost a buck and a quarter, gas cost 75 cents, a loaf of bread could be had for 50 cents and a coca cola was a quarter. 400% inflation across the board in 20 years is NOT good monetary policy, particularly when the wages of the workers have not kept pace. the fed is devaluing OUR money to pad THEIR bottom line at OUR expense, and you think i should thank them for it?
they are an organization created through deceit, operating in secret making their profit as moneylenders and usurers to the throne, so maybe they really are a bank after all.
echelon1k1
New Member
When you have to organise and then sit through closed session conferences held by these idiots you get a feel on how they view the public. Banks have nothing but disdain for their customers and think interest rate rises and their ATM systems crashing as something quite funny... Ridiculous fees with no ROI, added to fractional reserve banking based on fiat currency is FUCKING CRAZY! I could say more but ICBF trying to change your "bernake awestruck syndrome"
Canna Sylvan
Well-Known Member
You could've simplified that post as, "stagflation is bad, mmkay."
Dr Kynes
Well-Known Member
stagflation is a stagnant dollar but falling wages, we have REAL inflation coupled with stagnant wages, falling wages in some sectors and falling employment which will be the doom of our economy as surely as it doomed rome's
a military infrastructure and force levels beyond the ability of the populace to support? Check
extensive peacekeeping missions far from home? Check
Rising prices at home for the basic necessities of life? Check
economic infrastructure neglected to continue to maintain military forces deployed in increasingly distant lands? Check
unsustainable borrowing from private sources just to keep the lamps burning in the senate? Check
debasing of currency to create the illusion of prosperity and keep the debt bubble at bay? Check
increased plebiscite dependance on public assistance and the Dole? Check
rampant unemployment in the private sector, but a burgeoning bureaucracy? Check
increasingly heavy handed suppression of dissent among the peasantry? Check
increased desperation leading to lawlessness and crime? Check
greater consolidation of power at the executive level in a vain attempt to maintain control? Check
looks like we are right on track for the fall, just like the Han, Sui, Tang, Greek, Roman, Olmec, Toltec, Inca, French, German, Austrian, Prussian, Russian and Persian empires.
next stop, a crushing lawless "Anarcho-Dark-Age" a new Warring States Period, or the immediate installation of strongman dictators.
Yes, that was the solution to economic turmoil caused by not having a central bank. We built that wall to protect ourselves from future crises. How does that get transformed into a nefarious scheme?
Boom/bust failure has been going on long before the Federal Reserve came into existence, as I've already said. Are you suggesting we would have avoided boom/bust without the Fed? If so, why would the problems of the past have disappeared in the present?
Inflation outdates the Fed too, so I presume you're implying that it's worse than it would have otherwise been? But how are we judging that?
These people running the Fed don't get paid based on how much money it makes and they don't have a stake in the financial industry's profits, so why would the profits of anyone be top concern?
Again, why would they care about the Fed's bottom line, or the industry's bottom line?
UncleBuck
Well-Known Member
he pledges allegiance to the john birch society, that's how.
Dr Kynes
Well-Known Member
it WAS a nefarious scheme crafted in secret by the group Theodore Roosevelt called "The Money Trust", and passed through the congress as a restriction on "The Money Trust" until it was signed by woodrow wilison who only got elected by vast donations and suport from The Money Trust based on his assurances that he would in fact sign the Federal Reserve Act into law. he recanted on his deathbed.
"I fear I have betrayed my country" ~Woodrow Wilson on the federal reserve act
if the federal reserve exists to prevent boom/bust cycles and these cycles persist in GREATER FREQUENCY and GREATER SEVERITY than before it existed, what justification is there for continuing to support another failed idea?
400% inflation over 20 years, while the economists insist that there is zero inflation... somebody is lying, and it's not history. we do not have "inflation as rising prices for goods and services" we have "Inflation as devaluing of the currency" which is why the value of gold to any metric you choose has remained fairly static throughout history, while the valuation of any currency to bullion gold varies wildly and the prices of goods and services moves in lockstep with the variations. *
*with the notable exception of gold rushes, gold gluts and whatnot, where goods and services become more cosstly in gold due to localized increases in the supply of gold, resulting in localized devaluation of said gold in the market.
and whitehouse/congressional/bureaucratic interns dont get paid at all, or receive a pittance of a salary. the real payout comes when you leave the public sector and move into your new job provided by a patron or powerbroker, or become a lobbyist. does this imply that every person who seeks an internship in washington is doing it out of some noble civic duty? i think not.
because a rising tide lifts all boats, and their boats are the most bouyant of all. of course they maintain that status quo by sabotaging other boats in the harbour, drilling holes in the hulls or filling their bilges with stones...
if thye wish to game the markets they can, buying low in their rumours of ill tidings, and selling when they release the joyous news. but of course that cannot happen since they are all gentlemen, scholars and noble self sacrificing servants of the public trust, like tim geithner...
Canna Sylvan
Well-Known Member
I don't know where you learned that, but stagflation is when the "dollar" prices increase, but the wage stays the same and employment opportunities decrease. Pretty much the wage doesn't keep up with the dollar because the "something" is unnaturally influencing the dollar. In our case it's QE, stimuluses, etc.
The dollar isn't stagnant, the people are, right now. The stock market is up, the rich are getting richer, but the normal guy is fucked.
We don't have real inflation, we have an increase in the money supply which is socialistically redistributed to banks and investors, so the select few can still come out ahead.
We don't have REAL inflation. Inflation is when there is an increase in the circulated money supply.
We have stagflation.
"stagflation 1. inflationary period accompanied by rising unemploymen."
UncleBuck
Well-Known Member
echelon1k1
New Member
Quote of the Day!