IGX

Andy, not this that would surprise you, but Obama's pick as the new Fed chair is Jannet Yellen, the 5th consecutive Jewish Fed Chair over the past 43 years (other than gentile William Miller who served 18 months mid-79 through 1980). Now Obama has nominated Stanley Fischer as Vice Chair. He was past President of the Israel Bank, #2 at the IMF,and a joint citizen.

You and your peeps OK with this? This is tin-hat nirvana.

I guess I'm OK with it. Jews are good at grubbing money. They can screw all the bond holders and get us out of debt.

If Jews are so good with money and they've been in charge of the Fed for the past 40+ years, why is our economy in the proverbial shitter?

Explain that one.

Dr. Agkistrodon wrote:If Jews are so good with money and they've been in charge of the Fed for the past 40+ years, why is our economy in the proverbial shitter?

Explain that one.

Like catching a big fish. You have to let out the line and play him until he weakens and tires out before you reel him all the way in. We're getting tired and have to raise the debt ceiling so we can borrow more Jew money to pay out bills. So says Obama what the Jews told him to say.

Andy80 wrote:

Dr. Agkistrodon wrote:If Jews are so good with money and they've been in charge of the Fed for the past 40+ years, why is our economy in the proverbial shitter?

Explain that one.

Like catching a big fish. You have to let out the line and play him until he weakens and tires out before you reel him all the way in. We're getting tired and have to raise the debt ceiling so we can borrow more Jew money to pay out bills. So says Obama what the Jews told him to say.

That may be so but fuckin A man, how could somebody be so proud that their own people have been in charge of such a fucked up thing like the Fed for so long and on top of it accuse hard-working taxpayers of being tinfoil hat-wearing yokels?

Makes no fucking sense to me.

Dr. Agkistrodon wrote:

Andy80 wrote:

Dr. Agkistrodon wrote:If Jews are so good with money and they've been in charge of the Fed for the past 40+ years, why is our economy in the proverbial shitter?

Explain that one.

Like catching a big fish. You have to let out the line and play him until he weakens and tires out before you reel him all the way in. We're getting tired and have to raise the debt ceiling so we can borrow more Jew money to pay out bills. So says Obama what the Jews told him to say.

That may be so but fuckin A man, how could somebody be so proud that their own people have been in charge of such a fucked up thing like the Fed for so long and on top of it accuse hard-working taxpayers of being tinfoil hat-wearing yokels?
Makes no fucking sense to me.

Jesus hated the money changers and took a little action against them. Look what happened to him. So the money changers still rule to this day and if you question them, you are a racist anti-semite. Don't be an anti-semite and keep
a good credit score.

Andy80 wrote:

Dr. Agkistrodon wrote:

Andy80 wrote:

Dr. Agkistrodon wrote:If Jews are so good with money and they've been in charge of the Fed for the past 40+ years, why is our economy in the proverbial shitter?

Explain that one.

Like catching a big fish. You have to let out the line and play him until he weakens and tires out before you reel him all the way in. We're getting tired and have to raise the debt ceiling so we can borrow more Jew money to pay out bills. So says Obama what the Jews told him to say.

That may be so but fuckin A man, how could somebody be so proud that their own people have been in charge of such a fucked up thing like the Fed for so long and on top of it accuse hard-working taxpayers of being tinfoil hat-wearing yokels?
Makes no fucking sense to me.

Jesus hated the money changers and took a little action against them. Look what happened to him. So the money changers still rule to this day and if you question them, you are a racist anti-semite. Don't be an anti-semite and keep
a good credit score.

Fuck the money changers.

Dr. Agkistrodon wrote:http://theeconomiccollapseblog.com/arch ... c-problems

Did Lyndon LaRouche write that?

Dr. Agkistrodon wrote:

Andy80 wrote:

Dr. Agkistrodon wrote:

Andy80 wrote:

Dr. Agkistrodon wrote:If Jews are so good with money and they've been in charge of the Fed for the past 40+ years, why is our economy in the proverbial shitter?

Explain that one.

Like catching a big fish. You have to let out the line and play him until he weakens and tires out before you reel him all the way in. We're getting tired and have to raise the debt ceiling so we can borrow more Jew money to pay out bills. So says Obama what the Jews told him to say.

That may be so but fuckin A man, how could somebody be so proud that their own people have been in charge of such a fucked up thing like the Fed for so long and on top of it accuse hard-working taxpayers of being tinfoil hat-wearing yokels?
Makes no fucking sense to me.

Jesus hated the money changers and took a little action against them. Look what happened to him. So the money changers still rule to this day and if you question them, you are a racist anti-semite. Don't be an anti-semite and keep
a good credit score.

Fuck the money changers.

Anti- Semite.

Dr. Agkistrodon wrote:

Andy80 wrote:

Dr. Agkistrodon wrote:If Jews are so good with money and they've been in charge of the Fed for the past 40+ years, why is our economy in the proverbial shitter?

Explain that one.

Like catching a big fish. You have to let out the line and play him until he weakens and tires out before you reel him all the way in. We're getting tired and have to raise the debt ceiling so we can borrow more Jew money to pay out bills. So says Obama what the Jews told him to say.

such a fucked up thing like the Fed
Makes no fucking sense to me.

Please explain why the Fed is "such a fucked up thing". Are you advocating abolishing our central bank or do you think the Fed has failed in that capacity. (or both?)

Fuzzy Dunlop wrote:

Dr. Agkistrodon wrote:

Andy80 wrote:

Dr. Agkistrodon wrote:If Jews are so good with money and they've been in charge of the Fed for the past 40+ years, why is our economy in the proverbial shitter?

Explain that one.

Like catching a big fish. You have to let out the line and play him until he weakens and tires out before you reel him all the way in. We're getting tired and have to raise the debt ceiling so we can borrow more Jew money to pay out bills. So says Obama what the Jews told him to say.

such a fucked up thing like the Fed
Makes no fucking sense to me.

Please explain why the Fed is "such a fucked up thing". Are you advocating abolishing our central bank or do you think the Fed has failed in that capacity. (or both?)

I think the Fed has failed, and it's only a matter of time before the dollar isn't worth a shit anymore.

Dr. Agkistrodon wrote:

Fuzzy Dunlop wrote:

Dr. Agkistrodon wrote:

Andy80 wrote:

Dr. Agkistrodon wrote:If Jews are so good with money and they've been in charge of the Fed for the past 40+ years, why is our economy in the proverbial shitter?

Explain that one.

Like catching a big fish. You have to let out the line and play him until he weakens and tires out before you reel him all the way in. We're getting tired and have to raise the debt ceiling so we can borrow more Jew money to pay out bills. So says Obama what the Jews told him to say.

such a fucked up thing like the Fed
Makes no fucking sense to me.

Please explain why the Fed is "such a fucked up thing". Are you advocating abolishing our central bank or do you think the Fed has failed in that capacity. (or both?)

I think the Fed has failed, and it's only a matter of time before the dollar isn't worth a shit anymore.

Can you be a little more specific on the Fed's failure - Bond purchase program a bad idea or executed poorly? Taper too late? What do you think is going to cause the dollar not to be worth shit anymore and what will become the world's reserve currency?

Hey Fuzzy,

Didn't want to clutter HH's thread up with lots of long quotes, so this is my response to your inquiry.

My issues with the Fed are as-follows-

1. They operate with impunity. They do not fall under the government's umbrella of control and as such they are not held responsible for *anything* they do in any kind of real way.

That point ties in to this one-

2. The Fed "lends" money to our government on a 1:1 basis of lended money : interest, unless I'm mistaken (and if I am please correct me), which means, ostensibly, for every dollar the government borrows from the Fed, we owe then that dollar plus a dollar of interest.

3. The money the fed lends "appears out of thin air" for lack of a better word. It's not backed up by anything tangible and hasn't been for a long time.

The Fed has, basically, created a debt-based economy which allows banks to get rich at the expense of the people and this is wrong. And what's more, it's not sustainable. Look at inflation as an example of the outcomes from doing business this way. It's madness. Things keep getting more and more expensive and the government keeps getting deeper and deeper into debt with the Fed. Sooner or later both entities and our economy will collapse, and honest hard-working people will be left with valueless money.


This is an economic failure.

Dr. Agkistrodon wrote:1. They operate with impunity. They do not fall under the government's umbrella of control and as such they are not held responsible for *anything* they do in any kind of real way.

This is a good thing. Studies have repeatedly found that central bank independence results in more stable prices and less inflation.

Why? Think of everything the Fed does that you don't like. Now ask yourself, "would a bunch of politicians clamoring for reelection handle this in a more or less responsible way?"

Pinky wrote:

Dr. Agkistrodon wrote:1. They operate with impunity. They do not fall under the government's umbrella of control and as such they are not held responsible for *anything* they do in any kind of real way.

This is a good thing. Studies have repeatedly found that central bank independence results in more stable prices and less inflation.

Why? Think of everything the Fed does that you don't like. Now ask yourself, "would a bunch of politicians clamoring for reelection handle this in a more or less responsible way?"

That is a viable point, Brian -uh, I mean, Pinky.

NOPE, I wouldn't want any politicians running that motherfucker.

But back to the Fed, and inflation.

Check out the inflation calculator here:

http://www.bls.gov/data/inflation_calculator.htm

What you could get for 20 dollars in 1980, cost you 56 in 2013/2014.

Is that act acceptable rate of inflation? I don't think it is. What'll it be like in 10, or 20 years if the status quo perpetuates it's self?

I just don't see this as "less inflation."


Am I being unreasonable?

Inflation has dropped significantly since the early 1980s. A lot of the drivers of inflation are largely out of the Fed's control (like housing and health care-- and things like food and fuel that generally aren't directly included in the rate, but are important).

Ending ethanol subsidies and returning to pre-Clinton rules on housing interest deductibility would reduce inflation. Better price and fraud control over health care costs on the government side, and giving the free market a greater ability to control health care costs, would reduce inflation. Increasing oil drilling, fewer restrictions on coal, and allowing more refining would all drive down fuel prices (at an environmental cost of coarse)-- would definitely reduce fuel prices.

Turdacious wrote:

Inflation has dropped significantly since the early 1980s. A lot of the drivers of inflation are largely out of the Fed's control (like housing and health care-- and things like food and fuel that generally aren't directly included in the rate, but are important).

Ending ethanol subsidies and returning to pre-Clinton rules on housing interest deductibility would reduce inflation. Better price and fraud control over health care costs on the government side, and giving the free market a greater ability to control health care costs, would reduce inflation. Increasing oil drilling, fewer restrictions on coal, and allowing more refining would all drive down fuel prices (at an environmental cost of coarse)-- would definitely reduce fuel prices.

Well now that's interesting...