Wingnut Kooks Plan to Keep Kids Home From School

Now wait up a minute! So we are accepting the opinion of the Atlanta Federal Reserve Bank President as authoritative with respect to the entire economy? Do I have that right? Well I tried to find the latest audit of the Federal Reserve, as that would perhaps add some credibility to that opinion but you know what? There ain't one. I doubt there's been 2 audits done in 50 years of that institution.

Actually, who is the Federal Reserve?? Just another unelected group of people with the power to dictate regardless of fact or implication.

Why should I trust a Federal Reserve member? I know of no real reason to. In this scenario it's kinda like asking NBC management who has the best primetime programming. At best you will get a misleading answer even if you don't get lied to outright.

Heretic wrote:

Again, why do conservatives think this thing will, or was supposed to, turn around overnight?

How far into the red ink cesspool must we wade in before we realize we are drowning????

Passion wrote:

Now wait up a minute! So we are accepting the opinion of the Atlanta Federal Reserve Bank President as authoritative with respect to the entire economy? Do I have that right? Well I tried to find the latest audit of the Federal Reserve, as that would perhaps add some credibility to that opinion but you know what? There ain't one. I doubt there's been 2 audits done in 50 years of that institution.

Actually, who is the Federal Reserve?? Just another unelected group of people with the power to dictate regardless of fact or implication.

Why should I trust a Federal Reserve member? I know of no real reason to. In this scenario it's kinda like asking NBC management who has the best primetime programming. At best you will get a misleading answer even if you don't get lied to outright.

Our entire financial system is based on trust. Banks lend money to people they don't know with the expectation that the borrowers will repay that money and the bank will profit. You are casting aspirations on the members Federal Reserve system without providing one shred of evidence that they have acted unethically or lied to the country. Is this the kind of post we can expect from you in the future?

sparks wrote:

Passion wrote:

Now wait up a minute! So we are accepting the opinion of the Atlanta Federal Reserve Bank President as authoritative with respect to the entire economy? Do I have that right? Well I tried to find the latest audit of the Federal Reserve, as that would perhaps add some credibility to that opinion but you know what? There ain't one. I doubt there's been 2 audits done in 50 years of that institution.

Actually, who is the Federal Reserve?? Just another unelected group of people with the power to dictate regardless of fact or implication.

Why should I trust a Federal Reserve member? I know of no real reason to. In this scenario it's kinda like asking NBC management who has the best primetime programming. At best you will get a misleading answer even if you don't get lied to outright.

Our entire financial system is based on trust. Banks lend money to people they don't know with the expectation that the borrowers will repay that money and the bank will profit. You are casting aspirations on the members Federal Reserve system without providing one shred of evidence that they have acted unethically or lied to the country. Is this the kind of post we can expect from you in the future?

wouldn't that be casting aspersions?

Passion wrote:

How far into the red ink cesspool must we wade in before we realize we are drowning????

I don't think we ever will. We've been drowning for ten thousand years. We've seen this situation play out before; the inhabitants of prior civilizations maintained their lifestyle until the very end. It doesn't look like we'll be any different.

Heretic wrote:

Passion wrote:

How far into the red ink cesspool must we wade in before we realize we are drowning????

I don't think we ever will. We've been drowning for ten thousand years. We've seen this situation play out before; the inhabitants of prior civilizations maintained their lifestyle until the very end. It doesn't look like we'll be any different.

LMAO

Since when did Hunter Gatherers have a debt system? When they even had the single shred of a currency (like sea shells), that is.

sparks wrote:

Passion wrote:

Now wait up a minute! So we are accepting the opinion of the Atlanta Federal Reserve Bank President as authoritative with respect to the entire economy? Do I have that right? Well I tried to find the latest audit of the Federal Reserve, as that would perhaps add some credibility to that opinion but you know what? There ain't one. I doubt there's been 2 audits done in 50 years of that institution.

Actually, who is the Federal Reserve?? Just another unelected group of people with the power to dictate regardless of fact or implication.

Why should I trust a Federal Reserve member? I know of no real reason to. In this scenario it's kinda like asking NBC management who has the best primetime programming. At best you will get a misleading answer even if you don't get lied to outright.

Our entire financial system is based on trust. Banks lend money to people they don't know with the expectation that the borrowers will repay that money and the bank will profit. You are casting aspirations on the members Federal Reserve system without providing one shred of evidence that they have acted unethically or lied to the country. Is this the kind of post we can expect from you in the future?

Oddly you are confusing "banking" with the role of the Federal Reserve. The job of the Federal Reserve? One could argue it's to convince people the "paper money" really has some meager value.

But today of course the term paper money is as antiquated as generally calling all eavesdropping "wire tapping." No wires in wireless, of course. And banks create money out of nothing but their good name now that the US currency is no longer backed by any resource.

Need I provide citation that some countries are finding less reason to have trust in our dollars? Or can we at least agree there are some efforts to replace the dollar with a more reliable currency? So the question then becomes "Why can't we make the dollar more reliable?" Why? Because we continue to rack up massive debt with no realistic hope of reversing the trend despite the dire consequences.

Passion wrote:

Since when did Hunter Gatherers have a debt system? When they even had the single shred of a currency (like sea shells), that is.

They didn't. Their economic system is vastly different from ours and usually had no need for currency. But that's missing the point of my previous statement: that individuals in an obviously doomed system will maintain their lifestyle regardless of its inevitable failure.

Growth based systems cannot function forever in our finite universe, yet here we are blindly plodding along as if this time will be different...