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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: PKRBKR who wrote (880916)	8/18/2015 7:56:53 PM
From: RetiredNow	2 Recommendations Recommended By bull_dozer one_less Respond to of 1578031

I just find it so hypocritical of US Leaders to decry Chinese currency manipulation, when we do it all the time with our QE, ZIRP, and various other ways. It's a joke. I am not an advocate of the gold standard, but rather I am for stripping the Fed of its dual mandate, to focus them solely on preserving the value of the currency and stabilize it as a store of value and medium of exchange. Targeting a 2% inflation rate is really just targeting to steal 2% from hard working Americans every year. If you want to tax me, then do it honestly by passing law to increase my taxes. Then if I don't agree with you, I can vote you out of office. But when the Fed, an unelected 4th branch of government, steals my money, then I am being victimized by a Dictatorship that I have not voted for and no American has. What we need is for Congress to start fulfill its duty to oversee our currency and take back that power from the Fed, which has no basis in the Constitution of the USA. We need a free market currency, where rates are set in the free market, and Congress is held accountable for keep our debt and deficits low, and therefore, our interest rates low, because we earned it by being fiscally responsible. The whole world has gone crazy and embarked on a no return journey of monetary chaos. No wonder the whole system has become terminally fragile. And the funniest and most frustrating thing of all is that everyone just claims to wonder why it is this way, ignoring the dictates of common sense. Financialization of the economy does not bring prosperity. Making goods and services that people want and need and doing it better than everyone else is what bring prosperity. To encourage that, we need a stable currency that acts as a store of value and medium of exchange, not a currency used to promote government theft from hard working citizens.