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Politics : Formerly About Advanced Micro Devices
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To: Bilow who wrote (771160)2/25/2014 8:24:23 PM
From: RetiredNow  Read Replies (2) of 1574849
 
OK. You just proved that your IQ is smaller than my shoe size. I'll give you two very explicit ways they've stolen far more than $100B per year from Americans:
1) zero percent interest rates = all the savers that would normally be earning a free market rate on their savings of 3-4% or higher are now earning zero percent. That interest rate is manipulated by the Fed and it has a very real cost to savers. Who gets that money? All the Fed banks who can borrow at 0%, then by treasuries and pocket the difference in the spread. That is theft by the Fed and transference of capital from savers to the biggest banks in the country
2) The Fed has pursued a policy of inflation since its inception 100 years ago. That means that a dollar today cannot buy what a dollar could by even a decade ago. Hell, I remember when a movie ticket used to cost $2. Now, it costs $8. Inflation. That's the Fed. If they kept monetary policy stable, then prices would be stable. The fact that they are not is a purposeful policy action by the Fed. That is theft

The fact that you and the other 50% of Democrats and Keynesians don't understand those two concepts is proof positive how stupid you are, how undereducated you are, or how ideologically bent you are. The above two points are indisputable. Anyone with common sense will tell you those two points above are fact and that they are proof positive that the Fed engages in theft from the American people.
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