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banned from Kos

(4,017 posts)

28. You know so little for someone with a degree

Sat Jan 28, 2012, 01:25 PM

Jan 2012

The Fed does not "keep interest rates low" for bankers. Interest rates are set by the market. The Fed only targets the Fed Funds rate and moves it lower to spur investment - not to monkey with the yield curve. How are 4% interest rates bad for the economy?

The market even sets the yield on US Treasuries! Not the Fed. Yields are low because inflation is on its death bed and not because of some Fed plan. Those who make the Paultard claim that the dollar "has lost 95% of its value since 1913" won't account for the vast increase of wealth since then or the BIGGER increase in personal income and purchase parity.

The big banks have $1.6 trillion on reserve at the Fed now that pay only 1/4 of one per cent in interest. How are they profiting from this? They are not - that is the answer.

A central bank is critical to a modern economy and that is why the Paultards (many who post here) want to kill fiat money and help his cause.

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How Right-Wing Libertarians, John Birchers and Conspiracy Freaks Are Trying to Hijack OWS [View all] Galraedia Jan 2012 OP

1/13/12 The Occupy Movement is not associated with Ron Paul, or his supporters, Zorra Jan 2012 #1

Wonderful post. Rex Jan 2012 #31

They sound a bit like the SWP in the UK Ebadlun Jan 2012 #51

The Federal Reserve is run by and for the big banks. AdHocSolver Jan 2012 #2

Central banking serves numerous purposes both public and private. Major Nikon Jan 2012 #6

The Fed doesn't work for the people of the US. It works for the banks and Wall Street. nt AdHocSolver Jan 2012 #7

It does work for you Major Nikon Jan 2012 #8

Spare me your nonsense! AdHocSolver Jan 2012 #12

You lost me with your subject line Major Nikon Jan 2012 #13

Translation: you believe what you believe regardless of facts. TheWraith Jan 2012 #14

+10000000000 , so many suffer suffer from normalcy bias and cognitive dissonance stockholmer Jan 2012 #17

btw, I do have to say you subject line is a little harsh, tis easier to catch flies with honey than stockholmer Jan 2012 #19

I was responding to the poster's "sweetly" condescending tone of voice. AdHocSolver Jan 2012 #26

You know so little for someone with a degree banned from Kos Jan 2012 #28

Logic and facts are wasted on those with a closed mind Major Nikon Jan 2012 #34

LOLOL!!!--> "not to monkey with the yield curve" ahhh Operation Twist? go study up, as in Econ 101 stockholmer Jan 2012 #40

Ya gotta love it when someone says, "you really need to read up..." Major Nikon Jan 2012 #42

typical, so typical, you didn't address one thing of subtance, the bottom line is the poster stockholmer Jan 2012 #44

So why can't you find any liberal or even moderate sources to back up your claims? Major Nikon Jan 2012 #47

Dr Steve Keen, Dr Michael Hudson, Dr Hyman Minsky, Dr Donald Markwell, Dr Paul Ormerod etc stockholmer Jan 2012 #49

You also claimed Ron Paul doesn't advocate a return to a gold standard, except that he does Major Nikon Jan 2012 #50

Paul (I do not support him, btw) does not advocate a return to gold standard, he stockholmer Jan 2012 #18

And the "competing currency" is based on gold Major Nikon Jan 2012 #27

Perhaps a return to the basic functions of the Fed may help you banned from Kos Jan 2012 #30

Nationalize the Fed, rip it away from the private money changers who own it and you, here they are: stockholmer Jan 2012 #39

You're parroting a free market loon who claims Social Security is "One of the Great Scams!" Major Nikon Jan 2012 #43

again, you offer NOTHING of substance, nothing of factual rebuttal, just more tired false ad hominem stockholmer Jan 2012 #45

The author you parroted damn sure did have something to say about Social Security being a scam Major Nikon Jan 2012 #48

btw, in this post (on this very same thread) I attack Paul hard from THE LEFT stockholmer Jan 2012 #46

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Except the message. Galraedia Jan 2012 #10

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That's a brilliant video. n/t Uncle Joe Jan 2012 #36

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"sham 2 party system" - spoken like a true ZeroHead enthusiast where Ron Paul is supreme banned from Kos Jan 2012 #33

welcome back old friend! haven't seen you since DU2 days, was concerned you got lost stockholmer Jan 2012 #37

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I love the OWS forum moderator's comment: muriel_volestrangler Jan 2012 #16

Oh, yeah, that's brilliant. randome Jan 2012 #20

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Or they tune out. randome Jan 2012 #29

As well they shouldn't. joshcryer Jan 2012 #25

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