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

To: Tenchusatsu who wrote (1162981)	9/9/2019 1:56:08 PM
From: RetiredNow	1 Recommendation Recommended By THE WATSONYOUTH Read Replies (1) \| Respond to of 1573732

I'm not sure if the solution is a gold or crypto based currency. However, what I know is that a institution like the Fed serves one master and that is the enrichment of the already rich. They don't protect against inflation. They are purely a political tool for the bankers to achieve their own enrichment. They are also a tool Presidents sometimes use, sometimes successfully sometimes not, to get re-elected. What the Fed does not do is anything useful or good for the 99%. Therefore, it is an institution that has no value for the 99%. You are right about being disruptive. If we ended the Fed today and allowed the free market to set the price of money, interest rates, then it would force a terrible depression on this country, because EVERYTHING is overvalued. So a reset to free market price discovery would create an economic armageddon for a time. But if we stuck to free market principles afterwards, then we'd have a stronger country for it. But you and I know this will never happen. The Fed will never be abolish, but rather, they will continue to debase the currency through QE and driving rates to negative until the entire financial order of the world implodes. Likely, China and Russia will arise from the ashes and impost their own financial order. We won't like that one bit, but we'll be too destroyed from our reckless monetary and fiscal policies to do anything about. So it's either short term self-imposed corrections or long term market imposed catastrophe. Either way, we won't escape the reckoning. We can only delay it.