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

To: Tenchusatsu who wrote (1162992)	9/10/2019 7:05:29 PM
From: RetiredNow	Respond to of 1573806

Over the last 100 years, there were 58 of them when we had a gold standard. Then in 1971 that ended. Then we had Burns, Miller, and Volcker who implemented rate policies in alignment with the price of gold. So it was the closest thing to a gold standard without actually having a gold standard. That lasted through 1987, when Greenspan came aboard. Then from 1987 to 2019, or 32 years of the 106, we saw the Fed go whole hog on complete debasement of the currency, including changing the inflation statistics so they could flat out lie to the American public. The Fed became a de facto monetary drug pusher in 1987 and they have not stopped since. The paradigm change in 1987. None of this will correct back to normal, because none of this is normal. This is what the end game looks like. We've just been lulled into thinking this catastrophe can't happen here in the US, because we're Americans and God doesn't let these things happen to Americans. News flash. Americans are not immune to stupidity and we've now been practicing stupidity for decades now. It's caught up to us. Look at what happened to short rates from 1981 onwards. Does this look like a Fed that has things under control? Now look at this chart. The Fed has presided of a 94% loss in value of the dollar. It's lost 81% since 1971. Does this look like the Fed has things under control? Now look at US debt, which is the outcome from Fed enablement of Congress through artificially low rates for so long. Notice what happened after 1980? Does this look like a Fed that has everything under control?