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To: DannyTN

But you still should not refer to the Chairman of the Fed as an enemy.


9 posted on 08/23/2019 10:22:22 AM PDT by bagman
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To: bagman

Probably not... but if you wanted to get across your level of frustration with the FED...that’s one way of doing it.


18 posted on 08/23/2019 10:26:14 AM PDT by DannyTN
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To: bagman

The risk of putting rates too low is that you could drive up inflation or the economy overheats and creates some imbalance somewhere that has to be dealt with.

The real effects of keeping rates too high is that the country can’t borrow as cheap and so our debt service payments remain high. That directly affects the Federal Current Deficit, impacting future debt levels.

I’m with Trump. Lower those interest rates, keep the economy humming, make it easy to reinvest here in the US. Give Trump room to negotiate trade wars.


25 posted on 08/23/2019 10:31:37 AM PDT by DannyTN
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To: bagman

Calling the Chairman of the Fed “an enemy” maybe isn’t nice, but would you rather Trump say “deep state collaborator”? It’s sure looking that way.


26 posted on 08/23/2019 10:33:19 AM PDT by sanjuanbob
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To: bagman

But you still should not refer to the Chairman of the Fed as an enemy.

Why? If he’s issuing edicts that don’t help our economy than he IS an enemy.


44 posted on 08/23/2019 10:50:38 AM PDT by Pravious
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To: bagman
But you still should not refer to the Chairman of the Fed as an enemy.

Especially when the Fed Chairman is the person you, in your infinite wisdom, personally selected

54 posted on 08/23/2019 11:21:23 AM PDT by llevrok (Vote, while it is still legal!)
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To: bagman
I would suggest you read this book. "The Creature from Jeykell Island" by G. Edward Griffin. It can be down loaded as a PDF.

You will find that the Federal Reserve has never been a friend of the United States or its people.

It was designed to protect the New York and Eastern Bankers from their bad lending practices.

It has never been audited. No one knows how much money it has printed or where a lot of it has gone.

65 posted on 08/23/2019 12:26:32 PM PDT by Parmy
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To: bagman; All
"But you still should not refer to the Chairman of the Fed as an enemy."

Please consider the following perspective on the Fed.

When Constitutional Convention delegate Ben Franklin suggested adding canals to the Postal Roads Clause (1.8.7) of Congress's constitutional Article I, Section 8-limited powers, probably for commerce purposes, his fellow delegates discussed it.

"Article I, Section 8, Clause 7: To establish Post Offices and post Roads[, Canals];"

Ultimately, they decided that if the states accepted Franklin’s suggestion, then being able to build canals would also give Congress a good excuse to imply federal banking powers under the “Necessary and Proper Clause” (1.8.18). But since some delegates felt that their bank-owner associates in the colonies wouldn’t want federal regulation of private banks, they dropped Franklin’s suggestion for canals.

“A proposition was made to them to authorize Congress to open canals, and an amendatory one to empower them to incorporate. But the whole was rejected, and one of the reasons for rejection urged in debate was, that then they would have a power to erect a bank, which would render the great cities, where there were prejudices and jealousies on the subject, adverse to the reception of the Constitution [emphasis added].” —Jefferson’s Opinion on the Constitutionality of a National Bank : 1791.

Noting that Franklin didn’t suggest banks but canals, by dropping his suggestion for canals because it would arguably justify Congress having the implied power to regulate INTRAstate banks, the delegates established that Clause 18-implied banking powers are an unacceptable means for Congress to achieve any of its peacetime, Section 8-limited powers imo.

In other words, Progressive Civil War Southerner President Woodrow Wilson wrongly ignored that he first needed to lead Congress to successfully petition the states for a banking amendment to the Constitution imo. Otherwise, the Fed would wrongly ignore state sovereignty.

Noting that Wilson was a popular president, he probably wouldn't have had a major problem with the states ratifying such an amendment imo.

Another problem with the constitutionally undefined Fed is this. The Constitutional Convention gave elected Congress the specific power to regulate the value of money.

"Article I, Section 8, Clause 5: To coin Money, regulate the Value thereof [emphasis added], and of foreign Coin, and fix the Standard of Weights and Measures;"

But by unconstitutionally delegating this power to a non-elected third party, the corrupt federal government weakened the constitutionally enumerated voting power of citizens (1.2.1 and 17th Amendment).

Corrections, insights welcome.

Remember in November 2020!

MAGA! Now KAG! (Keep America Great!)

78 posted on 08/23/2019 2:37:13 PM PDT by Amendment10
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To: bagman

“But you still should not refer to the Chairman of the Fed as an enemy.”

JFK accused the Fed of treason just before he died.


82 posted on 08/23/2019 4:06:09 PM PDT by odawg
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