To:glenn_a who wrote (91)
From: ahhaha Sunday, Aug 11, 2002 4:16 PM
Respond to of 103
Obviously, I don't know who you are,
It is very important to the illiterati to know who is saying what because expertism must have its audience.
and I would definitely not claim to be any expert on Central Bank functioning
Then why try to make a case that you can?
(though I am very willing to learn),
No. You are only willing to learn from those who have been anointed by our society as worthy. It had better get clear that you don't learn a thing that way with the result that everything will always remain a mystery.
but some of your statement are somewhat dubious.
This statement shows that you haven't been challenged in your education.
"And let me say right here and now, practically everything you hear about FED and related topics is false, and explicitly misleading."
Your statement above strikes me as somewhat arrogant.
You need to polish your diction. The above assertion may be true or false, but it is hardly arrogant. You say that because in your liberal world, it isn't politically correct to assert anything because doing so threatens the warm and fuzzy of your one dimensional tasteless life.
As if you, and you alone, have found the "only right way" to understand the Fed's operation.
Someone discovered radium.
What you can't believe is that someone accomplished is talking to you. Gods do not talk to slobs. That's a result of your liberal society.
"I haven't heard one person in 30 years who understands even the basic operations of the federal reserve system."
Do you not feel the above statement indicates a very profound and substantial problem with the nature of the Federal Reserve board,
The board? Now you know why the gods don't talk to the slobs.
and the functioning of the nation's Credit and Banking system?
You have a serious problem with grammar. You capitalize "credit" and "banking". This shows you don't have a university degree at least not conferred before 1980.
I mean, if you haven't heard "one person in 30 years" who understands "even the basic operations of the federal reserve system", then American society has a real problem.
Bravo.
.. dare I say monster? ... on its hands. I mean, isn't a public entity (which you claim the Federal Reserve is), supposed to represent the interests of the people?
It does, but not in the way you think. The FED represents their interests by not giving them what they want. Nonetheless, the system has a flaw. It won't let the free market determine the price of money. Because of this the natural swings in economy are amplified with the result of sturm und drang in every era. The very reason the FED interferes is to prevent that extra amplitude, but in their pretense to knowledge they bring about the exact thing they seek to prevent. The bringing about of the exact opposite of intent is common among all liberal initiatives.
How can it do this if its nature and mechanics are so unbelievably convoluted and secretive
You have read books written by hacks who seek to benefit by the fear they can induce in you. In this they are like fundamentalists preachers. They really think they have the truth, the light, and the way, but you only need to examine their personal lives to see that they're hypocrites. The result of their garbage is your conclusion that "nature and mechanics are so unbelievably convoluted and secretive". I don't find this in the least. The FED is the most visible insitution in world. You've been misled by fools, just like I said and from which you conluded I was arrogant in saying it.
(or is it just overly academic and theoretical?) that not "one person in 30 years" can understand "even the basic operations of the federal reserve system".
They don't understand because understanding requires two things: preservation of the wisdom gained by the sufferings of the past, staying with principle over expediency.
My own experience in life ...
You mean that intricacies can always be dumbed down. We'd all like to believe that, but the universe is under no requirement to oblige us. |
