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Fed takes rates up another three quarters. Quick, dissemblers pretending nothing's wrong to the fore

PhilFish

Administrator
Staff member
The Fed raising interest rates seventy five basis points to combat inflation is not immoral.
Their explicit job description I'd maintaining a stable currency and they are using the tools at their disposal to do so.
Nice. The days of easy money is over.

Time to call in all the loan debt...
 

Raoul_Luke

I feel a bit lightheaded. Maybe you should drive.
The Fed raising interest rates seventy five basis points to combat inflation is not immoral.
Their explicit job description I'd maintaining a stable currency and they are using the tools at their disposal to do so.
It is, actually. Especially in this instance. It is obvious that the inflation we are currently experiencing is the result of three things:

1. The (Brandon endorsed) lockdowns that destroyed businesses (except, of course, the mega-corps).
2. The Brandon Administration's war on fossil fuels.
3. The Brandon Administration's sanctions on Russia.

So clearly this is a supply constraint situation - not a too much demand issue.


If there was simply too much demand you wouldn't see inventories stacking up like that.

There's also two other contributing factors:

1. Brandon at the same time is pouring trillions in free money into the economy.
2. Real wages are declining forcing people into higher credit card balances.

None of that...NONE...is going to be fixed simply by raising rates, at least not without immense economic dislocations.

What makes it "immoral?" Simple - it could be fixed without overdoing interest rate policy by:

1. Opening up the oil and gas drilling.
2. Reducing regulations across the board.
3. Reduce government spending.
4. Start brokering peace negotiations between Russia and Ukraine.

But, of course, Brandon will do none of that, so raising interest rates into an economic slowdown is what we will get and it will absolutely wreck small businesses and the middle class. Oh, and don't forget to enjoy the decline...
 
Last edited:

RickWA

Senator
It is, actually. Especially in this instance. It is obvious that the inflation we are currently experiencing is the result of three things:

1. The (Brandon endorsed) lockdowns that destroyed businesses (except, of course, the mega-corps).
2. The Brandon Administration's war on fossil fuels.
3. The Brandon Administration's sanctions on Russia.

So clearly this is a supply constraint situation - not a too much demand issue.


If there was simply too much demand you wouldn't see inventories stacking up like that.

There's also two other contributing factors:

1. Brandon at the same time is pouring trillions in free money into the economy.
2. Real wages are declining forcing people into higher credit card balances.

None of that...NONE...is going to be fixed simply by raising rates, at least not with immense economic dislocations.

What makes it "immoral?" Simple - it could be fixed without overdoing interest rate policy by:

1. Opening up the oil and gas drilling.
2. Reducing regulations across the board.
3. Reduce government spending.
4. Start brokering peace negotiations between Russia and Ukraine.

But, of course, Brandon will do none of that, so raising interest rates into an economic slowdown is what we will get and it will absolutely wreck small businesses and the middle class. Oh, and don't forget to enjoy the decline...
Pipe down, Mister. Lefty is in the middle of insisting that:
A) “Inflation is a worldwide international phenomenon, not attributable to any US policy or action”
AND
B) Biden, Congress, and the Fed can act to reduce inflation via passage of laws and raising the American interest rates

Ain’t it cool when you ALWAYS get to have it BOTH ways…across all issues? It’s yet another example of that permanent adolescence thing.
 
Dissemblers to the front...

I am in favor of abolishing the Fed and the IRS….Not paying these bloodsuckers more interest. It is absolutely INSANE for the USA to borrow money from these bloodsuckers. We as a nation should lend money, not borrow. The US Treasury should buy up all the debt currently held by banks backed by the Federal reserve with US Treasurly Notes and lend money directly to people and businesses at 2 1/2 - 3 1/2 percent. We would collect more on that interest than we ever will collect on income tax. Problem is, these international bank swindlers own BOTH parties.
 
It is, actually. Especially in this instance. It is obvious that the inflation we are currently experiencing is the result of three things:

1. The (Brandon endorsed) lockdowns that destroyed businesses (except, of course, the mega-corps).
2. The Brandon Administration's war on fossil fuels.
3. The Brandon Administration's sanctions on Russia.

So clearly this is a supply constraint situation - not a too much demand issue.


If there was simply too much demand you wouldn't see inventories stacking up like that.

There's also two other contributing factors:

1. Brandon at the same time is pouring trillions in free money into the economy.
2. Real wages are declining forcing people into higher credit card balances.

None of that...NONE...is going to be fixed simply by raising rates, at least not without immense economic dislocations.

What makes it "immoral?" Simple - it could be fixed without overdoing interest rate policy by:

1. Opening up the oil and gas drilling.
2. Reducing regulations across the board.
3. Reduce government spending.
4. Start brokering peace negotiations between Russia and Ukraine.

But, of course, Brandon will do none of that, so raising interest rates into an economic slowdown is what we will get and it will absolutely wreck small businesses and the middle class. Oh, and don't forget to enjoy the decline...
Brandon done it all…Dammit! Lol
 
It is, actually. Especially in this instance. It is obvious that the inflation we are currently experiencing is the result of three things:

1. The (Brandon endorsed) lockdowns that destroyed businesses (except, of course, the mega-corps).
2. The Brandon Administration's war on fossil fuels.
3. The Brandon Administration's sanctions on Russia.

So clearly this is a supply constraint situation - not a too much demand issue.


If there was simply too much demand you wouldn't see inventories stacking up like that.

There's also two other contributing factors:

1. Brandon at the same time is pouring trillions in free money into the economy.
2. Real wages are declining forcing people into higher credit card balances.

None of that...NONE...is going to be fixed simply by raising rates, at least not without immense economic dislocations.

What makes it "immoral?" Simple - it could be fixed without overdoing interest rate policy by:

1. Opening up the oil and gas drilling.
2. Reducing regulations across the board.
3. Reduce government spending.
4. Start brokering peace negotiations between Russia and Ukraine.

But, of course, Brandon will do none of that, so raising interest rates into an economic slowdown is what we will get and it will absolutely wreck small businesses and the middle class. Oh, and don't forget to enjoy the decline...
Energy prices have been declining for almost 3 months now.
And Russia already knows what it needs to do for the sanctions to be lifted.
 
I am in favor of abolishing the Fed and the IRS….Not paying these bloodsuckers more interest. It is absolutely INSANE for the USA to borrow money from these bloodsuckers. We as a nation should lend money, not borrow. The US Treasury should buy up all the debt currently held by banks backed by the Federal reserve with US Treasurly Notes and lend money directly to people and businesses at 2 1/2 - 3 1/2 percent. We would collect more on that interest than we ever will collect on income tax. Problem is, these international bank swindlers own BOTH parties.
Well Jeez, why 2.5-3.5% . Why not just lend to American people at negative interest rates?
 
Pipe down, Mister. Lefty is in the middle of insisting that:
A) “Inflation is a worldwide international phenomenon, not attributable to any US policy or action”
AND
B) Biden, Congress, and the Fed can act to reduce inflation via passage of laws and raising the American interest rates

Ain’t it cool when you ALWAYS get to have it BOTH ways…across all issues? It’s yet another example of that permanent adolescence thing.
Biden could force all the retired people to return to the salt mines to alleviate the labor shortage.
 
Why the hell does the richest country in the world BORROW money? The US Constitution clearly states that Congress shall have the right to coin and print money. We should be running our economy on US Treasury Notes….Not Federal Reserve Notes…like I said, we should NEVER BORROW MONEY, if anything we should LOAN MONEY….
The Fed is supposed to be an apolitical organization so it can do things that aren't politically popular.
To reign in inflation the fed is going to have to cause a recession. And if it were run by politicians they would of course let inflation go to the moon before they caused a recession.
 
The Fed is supposed to be an apolitical organization so it can do things that aren't politically popular.
To reign in inflation the fed is going to have to cause a recession. And if it were run by politicians they would of course let inflation go to the moon before they caused a recession.
The Fed is made up of a group of Privately Owned International Bankers who are running our economy like a racetrack. They take their 17% off the top then divvy up the rest among the winners to whom they give the right to lend that money at even more interest to homebuyers, car buyers, small businesses etc. If we took them out of the loop and used US Treasury Notes which are DEBT FREE we would soon be a very wealthy country with no debt. Again, why should we ever borrow money from anyone? We as a country have more assets than any country in the world.
 
Sure. He could make the slacker stooges who pretend to work, but instead loaf around on this forum all day, join them.
I want the inflation. Inflation is good for me, I am not on a fixed income. I can go pick myself up by my bootstraps and go get a higher paying job.
And to all those retired bums out there.
Well just f*ck 'em.
 
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