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Thread: The Fed lost control

  1. #61
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    And with the return of the Globalists Puppets in charge First things First !!(actually when you boil it, everything down it's the ONLY thing)
    The FED (the true bosses) and the U.S. Government are once again in lockstep & in complete control.

    Janet Yellen at Treasury Points to Era of Fed Control
    https://finance.yahoo.com/news/janet...212251735.html

  2. #62
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    And if this ever were allowed to happen (or an audit of Ft. Knox) then we'd really know these must be end times.

    "Gone are the days of the Federal Reserve hiding in the shadows. Now it’s a woke central bank fighting for climate and racial justice. Progressives must not fall for this but instead team up with the populist right to audit the Fed and demand transparency.
    Meanwhile, inflationary monetary policy most harms those people and communities whom the progressive left claims to champion. Saving becomes more difficult or impossible, while prices of goods rise.
    Any hope for real political unity that actually benefits the American people depends on the success of projects like Audit the Fed. If populist movements from the left and right can coalesce on this one thing, they will find their time well spent. "
    2021 Would Be a Great Time to Audit the Fed
    https://mises.org/wire/2021-would-be...time-audit-fed

  3. #63
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    Well, the Congress and Senate voted to curtail the lending powers of the FED.

    New lending powers of the FED will need approval from the Congress and Senate.

    https://www.zerohedge.com/political/...eal-fed-powers

  4. #64

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    Quote Originally Posted by oak333 View Post
    Well, the Congress and Senate voted to curtail the lending powers of the FED.

    New lending powers of the FED will need approval from the Congress and Senate.

    https://www.zerohedge.com/political/...eal-fed-powers
    900 billion divided by 330 million is a little better than $2,700 per American citizen. That will make a nice Christmas.
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  5. #65
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    Quote Originally Posted by t00nces2 View Post
    900 billion divided by 330 million is a little better than $2,700 per American citizen. That will make a nice Christmas.
    I'll take a PPP Loan and a new yacht.... Why not n what the hell ...... All You tax paying mules aren't ever paying all this s**t off anyway . Let's Party like it's 1913

    Tom Brady’s company TB12 received more than $960,000 PPP loan
    https://www.cnbc.com/2020/12/05/tom-...-ppp-loan.html

  6. #66

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    Quote Originally Posted by GOLDnSILVERchips View Post
    I'll take a PPP Loan and a new yacht.... Why not n what the hell ...... All You tax paying mules aren't ever paying all this s**t off anyway . Let's Party like it's 1913

    Tom Brady’s company TB12 received more than $960,000 PPP loan
    https://www.cnbc.com/2020/12/05/tom-...-ppp-loan.html
    The majority of people I know, including myself, applied for and received PPP loans that will be forgiven -- the min. amount was over 20K for anyone who made enough to support themselves. For those who did not get any -- what can I say, whoever said welfare was just for the poor or working class? I think every man, woman and child should get 100K! Hey, maybe I can start a campaign with that call -- 100K in free digits for everyone? Why not? No more fizshizzle for the banksters to loan out in usury and debt servitude, rather distribute it to all Americans, rich and poor. Yeah, that would be socialism -- but at least open, fair, and more honest.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  7. #67

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    The individuals, and corporations that got the so called PPP loans and think "forgiveness for the loans" is 100%. Should think again. There will be pay back some way and some how. Even if it's in the form of bad karma. It sets a mindset that's self centered and destructive.

    JMVHO
    Small business is the incubator of employment. As it declines, so too do opportunities for first jobs, second chances and economic independence.

  8. #68
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    Quote Originally Posted by Westerner View Post
    The individuals, and corporations that got the so called PPP loans and think "forgiveness for the loans" is 100%. Should think again. There will be pay back some way and some how. Even if it's in the form of bad karma. It sets a mindset that's self centered and destructive.

    JMVHO
    You're sounding like an average, fair thought process, regular working person and that statement would be true to people like us ...
    Yet when the free-for-all (some) is on we all know who gets big chunks of the peoples pie .....
    That post #65 of the NFL QB and his Super Model (A stretch in my eyes) wife getting an extra mill is just one of many examples.

  9. #69

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    Quote Originally Posted by GOLDnSILVERchips View Post
    You're sounding like an average, fair thought process, regular working person and that statement would be true to people like us ...
    Yet when the free-for-all (some) is on we all know who gets big chunks of the peoples pie .....
    That post #65 of the NFL QB and his Super Model (A stretch in my eyes) wife getting an extra mill is just one of many examples.
    Agree. I believe that my grandparents and their generation (born in the late 1800s and early 1900s) wouldn't of been able to stop the fascist in ww2, Spanish flu and pull them selves out of the great depression of the 30s, if they got/had welfares, bailouts, and PPP loans. Tuff SOBs and they proved it.
    Small business is the incubator of employment. As it declines, so too do opportunities for first jobs, second chances and economic independence.

  10. #70
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    What is wrong with the easy money experiment.
    ------------------------------------------------------

    This is a very important video. Jim Grant, a high class economist, takes the
    interview of Bill White, a great economist, who worked 50 years in central banking

    There are many aspects discussed here but I will mention (for the time being) just one:
    "what is the mistake of the central bankers."

    It is video # 2 on this site:

    https://www.dollarcollapse.com/top-t...eos-january-3/

    Quotes.

    Central Bankers are super-intelligent people, who want to do good.
    What is wrong then, with so many financial troubles ?

    The answer is that their error is not even an economic error. It is
    actually a philosophycal error. Their analytical framework is wrong.

    They start with the wrong assumption: the global economic system is
    comprehensible, understandable....and controllable. It is not.

    The truth is that the economy is a huge complex, adaptive system.It has
    unintended consequences, which cannot be modelled.

    The economic system does not tend to equilibrium all the time. It is
    highly non-linear . Real bad things can happen. The dynamic , stochastic,
    equilibrium model , used by central banking, does not work.

    The truth is "nobody knows anything."

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