How are you handling the market crash?

Discussion in 'Finance' started by Oh Yeah, Mar 1, 2020.

  1. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    You should read up about who wrote and promoted the bill as opposed to assuming it was Wilson. He has no clue what he was signing, and Congress had no clue what they were passing. It came from the international bankers, and they tried to get Congress to pass it twice with no luck, and then they changed the name of the bill, and got lucky. Its nothing more then a banking cartel.
     
  2. Pollycy

    Pollycy Well-Known Member

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    Actually, you're mostly right in what you say about the banking cartel which had growing power during the opening years of the 20th-century. They pushed their false narrative that a 'central bank' could stop all the big up's and down's in the U. S. economy, but, obviously, that was a manipulative lie, as I indicated. Twenty years after the 'Fed' was put in place by Woody Wilson and his liberal Democrat cabal, we were stuck in the middle of the Great Depression. The banking cartel led the Wilson-era Democrats around like witless animals with rings in their noses, and sure enough, in 1913, we were saddled with a 'central bank'. Now, we'll never get rid of the damned thing.

    And, of course, we've continued to have the wild swings resulting in those up's and down's ever since. Having a 'central bank' didn't fix anything -- it only gave the Fed a total stranglehold over the U. S. economy... especially after 'the Great Recession of 2008'....
     
  3. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Actually the bill failed to pass the first two times because it had the words "Central Bank" on it. The authors (the bankers) changed it to say Federal Reserve System, and then the Congress passed it. The bill itself had not changed, which means the Congress didn't know what was in it the 1st, 2nd or 3rd time. Politicians are not monetary scientists, which is why the bankers were able to play them, and same goes for Wilson.

    They have been doing that to both parties for over 100 years and still do, and the partisan mindset (which you demonstrate) guarantees the bankers will remain happy as long as they can have the parties blame each other as opposed to turning their focus where it belongs,- the banking cartel. You are being played.
     
    Last edited: Mar 3, 2022
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  4. Pollycy

    Pollycy Well-Known Member

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    Oh yes, I agree! We ARE being played, and now we'll never get rid of this 'central bank'.

    The man generally thought of as the 'Father' of the central bank idea in the U. S., Alexander Hamilton, started this manipulative banking scheme. Too bad Aaron Burr didn't have that famous duel with Hamilton about five years earlier.... :woot:

    [​IMG]. "Go to hell, Hamilton, and, take your 'central bank' idea with you!"
     
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  5. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Good. We agree.

    [​IMG]
     
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  6. Durandal

    Durandal Well-Known Member Donor

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    Fed to deliver another big rate hike as job market fails to cool
    Ann Saphir
    Fri, October 7, 2022 at 8:38 AM

    (Reuters) - The Federal Reserve looks almost certain to deliver a fourth straight 75-basis point interest rate hike next month after a closely watched report Friday showed its aggressive rate hikes so far this year have done little to cool the U.S. labor market.

    Pricing of futures tied to the Fed's policy rate implied a 92% chance that the Fed will raise its policy rate, now at 3%-3.25%, to a 3.75%-4% range when it meets Nov. 1-2.

    That was up from about an 85% chance seen before the Labor Department report, which showed employers added a larger-than-expected 263,000 jobs last month and the unemployment rate fell to 3.5% from 3.7%.

    ... https://news.yahoo.com/fed-deliver-another-big-rate-133815851.html

    Why do have a system that is actively trying to make people lose their jobs just to manage the inflation rate of the USD? Why is it employment that needs to suffer for prices to come down?

    I guess it has to do with an inability for supply to meet the increased demand created by a low unemployment rate, as well as the increases in wages and salaries that come with a tighter labor market, but it just seems wrong to try and inflict "economic pain" rather than boost supply to meet demand. But I guess that would be more difficult than simply going after people's livelihoods.
     
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