>>We import capital --<<
export treasuries? yes, the bankers make a ton of money in that process. they then use some of that money to pay off politicians to get $23.7 trillion bailouts and back stops.
i know, chump change.
>>but the capital available to import does not exist in the quantities we require -- the Fed cannot change this reality any more than we can suddenly create a zillion more barrels of oil out of thin air.<<
but they make a mother load of money in the process.
these "controllers," if you will, might even want to establish themselves in the middle east in order to deal with the stress of which you speak.
check.
>>When you can no longer finance your current account deficit, or close the current account deficit, you have run out of options, save one -- print and pray.<<
no, there are other options. for example, deflationary depression, set up police state structure, zeroing out some or all of the debt and, potentially, going to war.
whatever fiscal action we take, though, will be determined by the private people who control the fed - and they will make billions front running the trade.
>>The fed has no other cards to play -- it does not control anything that can change this basic reality.<<
you act as though this would surprise them. by its very definition, a debt based monetary system like ours is DESTINED to eventually fail. it isn't "if," rather, it is "when."
they knew this in 1913 when they set it up. -lol-
if you observe what is going on now, the banks were saved by the governments and the banks have now turned on the governments that have saved them and they will bankrupt the governments.
this would not be possible without the intervention of the federal reserve system.
>>Despite all of its supposed power, when and where it really counts it is powerless.<<
they are powerless to prevent the destruction, but even you will eventually see that they have the IMMENSE POWER to direct the destructive forces away from the banks and onto the nation states.
the difference between national solvency and bankruptcy and chaos... without fed intervention, the banks would be bust and the nation state would be saved.
with the fed, the banks will be saved and the nation state destroyed.
again, they have other tools to reap the destruction allotted to them onto the people of nation states. |
