What does /pol/ think of the federal reserve?
>>74046155
Cancer
>>74046155
>>74046155
https://www.youtube.com/watch?v=aFD_WVKZ1dA
There's gold in the Federal Reserve, and they took a shitload of it!
>>74046441
lolololol
>>74046155
>flag related.
>>74046155
I think one of those gold bars would feel cold in between my butt checks
>>74046155
THe name is two lies.
It's not Federal
It's not a Reserve
Its jews, fucking us all.
https://www.youtube.com/watch?v=lu_VqX6J93k
>>74046155
No need to concern yourself with such complexities, goyim.
>>74046155
Audit now.
>>74046155
It's neither Federal nor in the practice of reserving anything.
It should be renamed.
Israeli Theft Board
>>74046612
Actually no, gold conducts energy very well, the heat from you rotten ass will heat up that gold bar quickly
Error 404: Gold not found
>>74046155
it is reserved.
>>74046155
DELET THIS
Gold should be used in machine parts and for it's other practical purposes. Gold should not be arbitrarily valued because of historic uses as currency. Keeping a large store of it prevents the progress of society and makes certain items more expensive than they need to be. We should increase the size of our oil and grain stores and not be afraid to use them in years where the oil price is higher than usual in order to give us a bigger economic advantage over the rest of the world.
>>74046885
But make sure the jews get to keep their gold right, kike?
>>74046256
>>74046511
>>74046699
>>74046704
These, it's a complex institution, which uses this complexity to confuse people into thinking it is a benevolent institution. I'm not quite sure how it functions, but I don't like it.
>>74046155
They do a pretty good job with the tools they have. Not too disappointed, I don't envy them their tough task.
>>74046968
>Using gold instead of hording it is Jewish
>>74047203
Right. Just hand it on over to the jews and let them sell it to the chinks because paper money has proven to be 100% reliable.
Isn't it odd that paper money was taken off the gold standard, but anonymous Jew bankers still trade in gold only?
>>74047154
JIDF pls go
>>74047280
Yep, better horde gold because gold will keep you safe when currency fails.
>>74046885
>>74047203
So we'll just hoard other consumable commodities and get rid of the gold? You do realize hoarding oil will create a speculative boom in oil prices right, kike?
>>74047455
We already have government owned oil stores. There was some talk of opening them when gas prices were super high.
>>74047398
Gold got some of you khazars out of Germany when shit hit the fan in Germany.
I want to slide my cock all over those gold bars
So just let me get this straight on how it operates.
The Federal reserve creates money? and then uses it as it pleases?
>>74048524
The federal reserve controls the money supply. It doesn't use money directly, nor does it directly control the inflation rate or the amount of reserves in banks.
It can sell U.S treasury bonds, contracting the money supply, or buy them (with money they create). These open market operations form the most common tool the federal reserve uses to carry out monetary policy. Using this tool they control the money supply and the rate of inflation.
They can also change the reserve requirement (although banks are free to keep more in reserves if they please). Currently the rate is 1/10th, meaning for every ten dollars in loans banks are required to keep one in reserves. After the Great Recession, many banks are keeping a lot more in reserves, creating a much smaller money multiplier and thereby discouraging investment.
>>74046155
>>74049506
Do you teach this stuff holy shit
>>74050116
I could have gone on longer, I took a Macroeconomics course last semester.
>>74049506
Don't forget the uh....discount rate? Or federal funds rate? I always get the two confused.
>>74049913
>>74046155
>>74046441
nuke it
>>74046155
I like gold, it comes from my impure swiss blood
'Federal reserves'
What reserves?
>>74049506
>Currently the rate is 1/10th, meaning for every ten dollars in loans banks are required to keep one in reserves
Haha that reserve ratio has long since changed, there is no limit to the lending now, it's all pure fiat, there is nothing backing it but the willingness of the public to accept it for value
>>74046155
Out out out!
http://dailycaller.com/2016/04/20/trump-says-hed-fire-janet-yellen-if-he-is-elected-president/
>>74050549
And the legal guarantee of the US government to accept it as taxation and so forth.
>>74050549
but to what end? who started this madness, out of desperation or subversion?
>>74050225
Learning this kind of stuff really tickles my autism.
>>74050659
Pretty sure that can't happen since the Fed is not subject to the authority of the president or Congress.
>>74050659
https://www.youtube.com/watch?v=b0su39y7QOM
interesting doc/interview about that.
>>74050385
You are correct, the third tool the federal reserve has at its disposal is setting the federal funds rate (oftentimes called the discount rate). This is the interest rate that the federal reserve charges when it loans out money to banks.
This can be lowered to pursue an expansionary monetary policy, or raised to pursue a contractionary monetary policy.
It should be mentioned once more, however, that both changing reserve requirements and the federal funds rate are tools used rarely by the fed, and the open market operations are the primary tool by which the federal reserve meets its objectives.
>>74050701
If the government didn't accept the money it authorized to print for the public, that would be too clear a signal it's worthless fiat notes.
>>74050749
>but to what end?
No end, limitless growth is the concept.
>who started this madness
Bankers.
>out of desperation or subversion?
Profit, plain and simple.
To those arguing about gold standards, please watch this.
https://www.youtube.com/watch?v=Qz8Kh3FtuCY
>>74050549
The reserves mentioned are 1/10th of the federal reserve notes that are loaned out.
>>74050753
Go to college I suppose
>>74048375
>.999
It's not even pure gold!
>>74050898
Tried to pay cash at service cAnada lately maplebro?
>>74050898
>Profit, plain and simple.
but that impedes growth without reinvestment right? i mean, i'll be short on it, but, to what end? buy every business and sell it back for debt to only buy it back and sel it from your own debt auction?
hmmmm
>>74050965
>The reserves mentioned are 1/10th of the federal reserve notes that are loaned out.
I am aware, it use to be that. What I am saying is that the fraction of 1/10th is no longer being enforced - they moved it to 1/100th, then just said fuck it all together after a while.
It has effectively been removed, there is no limit to their ability to re-loan money, create new credit / debt until the sun burns out.
>>74051106
Money isn't the end goal - Power of resources & energy is what they are after.
M3 currency is just one of the many monetary vehicles they use to achieve this.
They control and print the money in circulation, it's like a shell game.
Someone link that cartoon on youtube that completely describes how it works.
>>74051163
Of course its still being enforced. We have hard numbers telling us that after the recession banks have held on to money beyond what's required of them, as a result reducing the money multiplier.
>>74051314
Physical currency is like 10% of M2, get the fuck out of here with your conspiracy theories and take a community college economics course.
The national debt is now greater than the total held wealth of every american, so it should be clear that we're never paying it off, especially because the US govt spends like enron if they had bernie madoff as cfo.
we're going to collapse hard and it's actually a good thing--it's the only situation where the white race wakes up and fights for something--when they realize money/growth/gdp/security/provision/a future for their children are finite.
>>74051423
https://www.youtube.com/watch?v=qOR4OiRjHA8
>>74051423
Trump will go a long way towards paying it down or even eliminating it. Government spending is still only 11% interest payments, so we have a lot of money to work with.
I think everyone agrees its a serious issue though.
>>74046441
>>74050493
It gets worse https://www.youtube.com/watch?v=xYolDZhFzOI
>>74049506
>After the Great Recession, many banks are keeping a lot more in reserves, creating a much smaller money multiplier and thereby discouraging investment.
>After Jackie had an overdose of coke, he started taking less, creating a lack of partying and thereby discouraging happiness.
They seem to generally be a stabilizing factor when you look at the economy as a whole.
The average IQ and knowledge of the fed of the person that wants to audit the fed makes me believe it may be a good thing they're fairly independent.
>>74049506
How does the federal reserve pay employees if it doesn't use money?
>>74052381
>After Jackie had an overdose of coke, he started to be less effective at his job, creating less of investment in the economy and thereby discouraging economic growth.
>>74052684
The federal reserve doesn't have that many employees. Many of them have other jobs.
>>74052611
>They seem to generally be a stabilizing factor when you look at the economy as a whole.
Do you consider encouraging economic cycles including causing the Great Depression "stabilizing factors"?
>>74052780
doesn't that encourage corruption?
Who are we kidding this is the federal reserve. They created a trillion with TARP and now are giving those same banks billions in subsidies not to spend the money they gave them in the form of "interest on excess reserves'
>>74052724
Spoken like a true Keynesian shill. Congrats on being the second largest scam in history after Marxism, pal.
>>74051008
I want that mans family tree erased so bad.
>>74052110
Fucking Khazars, man.
ruined our country
fuck Wilson
>>74052920
We don't want excess reserves.
The interest rate on that money is microscopic.
>>74052995
I don't even like Keynesians. But if you think this doesn't work then tell me why and how we could do better, because standards of living are higher than they have ever been in the history of the world.
>>74046155
Get rid of it.
>>74053130
I'm pretty sure we could do better without boom/bust cycles and the mass theft that is inflation.
>because standards of living are higher than they have ever been in the history of the world.
No thanks to any of you shills, but I'm sure your PhD or something made damn sure you think the opposite.
>>74052811
This is what I was talking about when I said low IQ.
Saying the great depression happened isn't even an argument. Compare before and after the fed was in place you moron. Learn basic critical thinking skills. Recessions now are less frequent and have less effect on the economy overall than before the fed came in as a lender of last resort.
The fed is better than the federal banking system the US had before as it does much to prevent liquidity crisises. The US on the whole does have a more retarded banking system than say, Canadas though. The fed isn't the boogeyman the memes make him out to be but the US banking system is still pretty shit.
>>74052110
https://www.youtube.com/watch?v=HHgxOXEQaFU
>>74052110
That's a pretty big oven...
>>74046155
It's just another central bank (ie payments clearing mechanism for governments, reserve settlement mechanism for banks, monetary policy authority, etc).
Tinfoils get way too excited about it.
>>74046155
I think Trump should make Ron Paul treasury secretary and write a Presidential memo to give him the power to audit the Fed on day one..
that is if he doesn't make him secretary of state
>>74053584
>Recessions now are less frequent and have less effect on the economy overall than before the fed came in as a lender of last resort.
Bruh.
http://www.heritage.org/research/reports/2014/10/federal-reserve-performance-have-business-cycles-really-been-tamed
http://www.alt-m.org/2015/10/22/the-history-of-u-s-recessions-and-banking-crises/
>>74053494
Once the federal reserve started their interference and we moved to a service-based economy over a goods-based economy we experienced something called the Great Moderation, where we experienced fewer recessions, and less intense ones, and longer periods of growth. Overall the graph just evens out with steady growth and no huge spikes up or down.
>>74049506
>>74050225
You wasted your money. The Fed doesn't control the money supply by buying and selling bonds, it just controls interest rates. The banks can issue credit from nothing and they just settle amongst themselves at the end of the day by borrowing and lending reserves to each other overnight.
Goddamn it hurts to read banking bluepills from people who consider themselves informed...
>>74053733
this
>>74054283
>>74049506
>>74050225
Isn't it both?
when trump is elected he is going to have to preemptively assassinate the rothschilds before they kill him when it's time to audit the fed.
>>74054561
It is both, red Australia.
>>74054283
By buying bonds, the federal reserve puts more cash into the hands of banks. They're buying the bonds with reserves that they can make infinity of because they control the money supply.
Banks cannot issue credit from nothing, although its pretty close to it.
>>74050549
Fun fact: the Bank of Canada has not set any reserve requirements.
>>74054671
>time to audit the fed
What will this achieve? The problem is not with the lack of oversight of the Fed, it's the fact that it exists at all.
>>74054721
>By buying bonds, the federal reserve puts more cash into the hands of banks.
They're swapping one nominally risk-free asset for another but this has the sole function of influencing interest rates.
>They're buying the bonds with reserves that they can make infinity of because they control the money supply.
That's not what "the money supply" usually means in the context of economics but yes, the Fed can create (and destroy) dollars with keystrokes. In that sense they are the scorekeeper of US dollars. But they aren't generally authorised to conduct vertical transactions (fiscal policy) that would increase or decrease private sector net financial wealth.
Essentially the Fed has a mandate from Congress to buy and sell debt instruments to achieve its macroeconomic goals, and if you believe that interest rate targeting is an effective tool to that effect, then that's what they do.
>Banks cannot issue credit from nothing, although its pretty close to it.
Right but it's constrained by capital regulations, not reserves. Reserves don't come into it until they have to settle their reserve levels at the end of the day. Some banks end up above and some below, so they meet their requirement by borrowing at a rate within the bounds the Fed can control (ie the Fed will offer reserves at some maximum rate and "borrow" them at some minimum rate by selling bonds, which forces the Fed funds rate to be between those bounds).
The Fed drains reserves every day by selling bonds but this doesn't make the banks any less capable of issuing credit. It just affects rates. How useful is that? Debatable.
>>74055308
keep doing gods work good sir
>>74055278
the audit would be for exposing their decades of crimes, to justify giving the owners the death penalty.
>>74055444
>People get punished for white collar crime
Wew lad there was enough justification to burn the banking industry to the ground in the GFC but we bailed them out instead.
Whatever happened to occupy wallstreet...
>>74046155
>Fed
>gold
Good one...
>>74053687
>>74054016
>steady growth
Oops, I meant inflation.
Its fucked. Buy crypto if you want to see them die.
>>74055429
>tfw normie media always keeps MMT hushed and yet it's the goldbug Ron Paul bullshit that pol thinks is somehow redpilled
>>74056816
uncensored version?
>>74046441
>>74052110
They really utilize the space.
Gold and silver are just not feasible as a currency in the modern era
>>74057538
You also make it even easier for the uberjews like Soros to horde the world's money between a few families.
Private bank. National currency. Congress determines the value of the currency. No IMF, no Federal Reserve Bank.
https://www.youtube.com/watch?v=WVlqwJ00LMU
>>74050480
>Master Hand fights Crazy Hand
>>74058213
>Implying National currency is a bad thing
>Implying congress determines the value of currency and not the amount of currency in circulation and the amount of goods we produce
>>74052110
which Trump rally was this?
>>74046155
>Federal Reserve
>posts gold bars
As if there's any physical gold anywhere but Tel Aviv now.
The FED Jews have "leased" it out to keep their ZOGBUX value-extraction scheme afloat.
>>74048524
It's a private Jew-owned scheme that charges the government to print our money. They have a philosophy that you can print your way out any financial problem, that they push as a moral imperative. It's a massive ticking bomb that will explode whenever they can't keep all the various swindles that stop it from blowing up going.
It's just the kind of "too complicated for the goyim to understand, so let us handle it" swindle that taxes the Jew brain to come up with more and more complex crooked bullshit. They love it: they get rich doing nothing but bullshitting, and they can destroy us whenever they decide to stop juggling all the balls they have in the air..
Any attempt to audit what they are doing is met with stonewalling and the claim that you can't reveal what they are doing because it would jeapordize the economy.
>>74049913
>>74058807
>>Implying National currency is a bad thing
I wasn't. It's a good thing but having a national yet private bank lend the US currency is totally unconstitutional.
Congress would control the amount of money in circulation, thereby controlling its value.
>The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
>>74059386
Congress does these things through the fed. At any point congress has the power to dissolve the federal reserve, as the U.S has no mandate for a central bank.
>>74059643
https://youtu.be/B4wU9ZnAKAw
