How did the US end up with a private central bank when it is so obviously against the founding principles of the nation?It has enabled the enslavement of mankind.How can this be fixed?>By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. - John Maynard Keynes https://archive.org/details/a-history-of-central-banking-and-the-enslavement-of-mankind-pdfdrivehttps://archive.org/details/secretsofthetemplehowthefederalreserverunsthecountryThe Creature From Jekyll Island.pdfhttps://archive.org/details/pdfy--Pori1NL6fKm2SnY
Jackson was based.
>>538877385The fed is an unaccountable arm of the state, furthering government policy, therefore it ALREADY IS nationalized
>>538877385Governments should decide to make 0% inflation the target of central banks, but they dont want to because they want to inflate their debt away
>>538877385Dudes have been talking about this since the 80s. Bill Cooper?It'll never happen, they'll burn it to the ground before they'll allow it.
>>538877385>How did the US end up with a private central bank Because the politicians back then wanted to have checks and balances against corruption.
>>538877385You should watch "Money as debt".
>>538877608>The fed is an unaccountable arm of the state, furthering government policy, therefore it ALREADY IS nationalizedNo it's not retard. It's a privately owned bank that robs the citizens.
>>538877399Jefferson was also based,
>>538877385>How did the US end up with a private central bankthey waited for everybody to leave for christmas, and 30% of congress passed it on 22 of december with the president signing it that very day to avoid having it fail yet again. true story
>>538877697The idea is if there's a bit of inflation it forces the rich people to invest in the economy. I don't necessarily think it's a problem, although if they just bid up asset values it's bad for the consumer. China is deliberately deflating asset values like home prices right now and it's good for the consumer.What I see as a major problem is the debt-based economy- the government takes out massive debt to fund itself- it has to backstop this debt with GDP- FED juices GDP as high as possible creating an economy based on consumption- Entire economy becomes fluff nonsense jobs that only exist to create consumers- people take out debt to consume- this drives thr GDP higher- people take out debt to finance their debt- gdp goes even higher- now the government can borrow even moreIt's a house of cards. This is what the Federal Reserve enables to happen by making a money printer available.
>>538877385>NATIONALIZE THE THE FEDERAL RESERVE NOWTrump not smart enough to do this. Vote Lambright 2028, I will.
>>538877385>How did the US end up with a private central bank when it is so obviously against the founding principles of the nation?Can you read a history book nigger?The US was broke after Civil War, Reconstruction and heading into World War I 50 years later.You are a fucking dipshit who can't read any better than an average unspectacular nigger
>>538877385And who is worthy of this great responsibility, OP? A rotating consortium of citizens from every strata of society?
>>538877385>Wait until they think they are going to upgrade and fuck us before talking about it.Oh maybe that is what Trump meant about America #1.
>>538877697Not possible without also taking away the private banks ability to create money from nothing. We need full reserve banking.
>>538878109Also the US was broke and needed the robberbarrons' money to prop up the government so the Fed Res was created as their shell/shield to veil private ownership of the government who needed billionaire money at the time to surviveVery much akin to 2008 when Congress voted down bank bailouts and Hank Paulsen did them anyway by breaking the law and no judge held him accountable because it literally kept the lights on.Most people have no idea how close their paycheck was to being worthless in 2008
>>538877999The Fed is not really doing any of the robbing, but most people in the country are inherently ignorant about monetary policy so they don't actually understand anything at all about what is happening when the government spends.The Fed could set a zero interest rate. The Federal Reserve Act could be modified to allow the central bank to purchase bonds on the primary market rather than only on the secondary.When the Fed itself holds a government bond, it remits the interest back to the Treasury. So really the core problem is the persistent idea that the government is borrowing money in the first place and that it needs to be pay interest on it for the privilege. And that is the domain of large institutional investors, not the Fed.Now everyone who actually works at the Fed long term understands all of this, then you get the political appointees in at the top and they just spout neoliberal bullshit all day long.
>>538878355only 30% of congress believed that. the rest knew that we would get fucked.
>>538878332note that in 1914 money printing was unheard of because MS was backed by gold standard.
>>538878109>they waited for everybody to leave for christmas, and 30% of congress passed it on 22 of december with the president signing it that very day to avoid having it fail yet again. true storyAlso, all the people against it died on the Titanic.
>>538878132There's a lot of misconceptions in this post.The government funds itself merely by spending. It is not borrowing money. The creation of money necessarily creates a "debt" -- this debt is only on paper. Because it is denominated in a thing which the government creates out of nothing, it can ALWAYS pay it. But the distinction comes with the charging of interest. Since the government creates the money, why is paying interest to people whose money it doesn't need?
Why could the boomers buy a house for $10k, but houses now are $500k? Because The Jews transfer wealth to themselves through inflation by the Federal Reserve printing $trillions. Imagine that you have a machine that can print endless amounts of $100 bills. >Print $500k then go buy a house>Now you own this house.>Repeat. >Soon you own the whole neighborhood>Repeat for decades. >Own 100,000's of houses>Rent house to goyim>You collect 50% of the goyim's paycheck>You own 50% of the goyim's labor>goyim must rent foreverHousing prices are now astronomical and ordinary people can't afford to buy. Vast numbers of goyim now work for you in virtual slavery. This is wealth transfer from the citizens to the Jews who own the central banks that print money. Enslavement through central banking.>By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. - John Maynard Keynes https://archive.org/details/a-history-of-central-banking-and-the-enslavement-of-mankind-pdfdrive
>>538877999>no, because it only exists to fleece the publicYes, that makes it nationalized. That's what the government wants, the government and the bank are the same thing.
>>538878132>The idea is if there's a bit of inflation it forces the rich people to invest in the economy.That's the excuse that's always given.The reason 2% is the target is because it's the maximum they can get away with before people start to become angry.
>>538878132Did you get your economic theories from the bulletin board at the yoga studio?
>>538877385>>538877399>>538878074>antisemitism nonsenseget a job and fix your life instead of blaming others
>>538877385>How did the US end up with a private central bank when it is so obviously against the founding principles of the nation?they held the vote on christmas eve
>>538878835With better distribution, you could certainly get away with higher inflation. Under the current structure, they actually utilize unemployment to lower inflation. They not just accept, but prefer a permanent mass of involuntarily unemployed people.
>>538878850The Zimbabwe comparison doesn't hold any water to the US because the production capacities and diversities of the economies have nothing in common. Right wingers do not really understand hyperinflation, though they try to shout over anyone else who explains this to them.Zimbabwe had hyperinflation because in the process of seizing White-owned farms and transferring them to blacks, the actual production of these farms collapsed. They lost something like 60% of their agricultural output, which was their primary export (e.g. the way they acquired foreign currency which allowed them to buy things they did not produce). They kept printing the same amount of money they always did to pay people their normal salaries, but the actual goods were not there to buy.Collapse in production/supply is always the trigger point for hyperinflation, not money creation.Dr. Richard Werner has done a lot of good research on this subject, showing very conclusively that where money channels is far more likely to impact inflation than the amount of it created.
>>538878605>The government funds itself merely by spendingBut if the currency is literally gold or something, it couldn't just do that.I think the main problem with the fed is how it enabled the debt-based economy. I think the debt-based economy is extremely bad.
>>538879253>But if the currency is literally gold or something, it couldn't just do that.Right. Why would you want to limit your ability to generate economic activity to some metal that is not involved in the industrial or production processes for a great number of goods of all times? That is not to say gold has no value.But if a carpenter has been hired to build you a house and he has the tools, he has the lumber, but he tells you he ran out of inches. It doesn't make any sense.The problem is that government spending is controlled by vested interests who want to monopolize government's ability to create money only for themselves and their interests.
>>538877385Alexander Hamilton (guy on the $10 bill) started the first Jewish bank.He said that he would start an American bank, but failed to mention that he was operating a shell company for the Rothschilds.Shit was fucked from the start
>>538879478>He said that he would start an American bank, but failed to mention that he was operating a shell company for the Rothschilds.yes
