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Politics : Formerly About Advanced Micro Devices
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To: Jamie153 who wrote (1214087)3/29/2020 10:05:01 AM
From: RetiredNow  Read Replies (1) of 1575181
 
I've never been supportive of the Fed. It's clear you don't read my posts very closely. Otherwise, you'd know that my economic, fiscal, and monetary views are distinctly Austrian. The Fed is a cancer and we're watching as they have metastasized. We're in the end game now. You blame it on Trump, but Trump is doing what all Presidents do. They all try to intimate the Fed.

The fact is that Congress holds the purse strings according to our Constitution. Congress has delegated the power of weights and measures, the power of our currency, to the Fed. Congress can take back that power and dissolve the Fed. But they won't, because Congress wants to spend with abandon and have the Fed buy up all that worthless paper to monetize the debt. Let's put the root cause of this where it belongs. Congress. Both Democrats and Republicans are at fault and both spend like drunken sailors. It will destroy this country. That is now certain.
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