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To: Cogito Ergo Sum who wrote (108486)	4/6/2018 1:49:52 AM
From: Real Man	Read Replies (3) \| Respond to of 116836

Sure, interest rates are not currencies -g-

To: Cogito Ergo Sum who wrote (108486)	4/10/2018 7:37:23 AM
From: RetiredNow	Read Replies (2) \| Respond to of 116836

That is true hypocrisy, no? I've always said that the US calling China a currency manipulator is like the pot calling the kettle black. The US is the mother of all currency manipulators. The Fed manipulates our interest rates below market's natural rate for 10 years after the Great Recession. The US interest rate is quite literally the price of money, because every dollar created has a dollar of debt behind it...fiat. Most of the world's trade is settled in US dollars, because we are the reserve currency. So when the Fed manipulates rates, they aren't just manipulating the USD, they are manipulating world trade and all other currencies that are pegged to the USD. China manipulation of currency? Sure. Of course. But the US is the world's heavy weight pro at manipulation. I say abolish the unelected Fed and let rates float based on supply and demand, risk and reward. That will put the brakes on Congress' profligacy more surely than any balanced budget amendment. And it will begin the process of re-enabling Capitalism in this country, which has been so effectively destroyed by the market deformations of the Fed.