> Look guys, only an idiot Marxist thinks you make the ‘little guy’ bigger by cutting down the big guys.
Nobody is saying that. We’re saying, that caught red-handed, the big guys need to be brought to justice. Equal justice under law, not “down with The Man”, is the principle here.
>Finally, y’all got to realize that prices are not set my capitalist exploiters or their evil gov’t oligarchy Federal Reserve. 99% of all money loaned in the U.S. is w/ interest rates set by the free market —agreed upon by both the loaner and the borrower.
False. The Federal Reserve is a central planning institution that sets the price of money. This price flows through to all the loan agreements downstream, modifying those rates accordingly.
> Another fact is that even more dollars are being loaned out in free markets outside the U.S. where the evil capitalist Federal Reserve does not even exist.
Name one free market, besides the black market, in the context of a currency with a centrally planned interest rate.
> Interest rates are low because inflation’s low. When inflation comes back up so will interest rates. This is how it’s been for hundreds of years and we need to deal w/ it.
Only the official inflation rate is low, and what that rate is is again determined by the very same central planners that set the interest rates. This has not been like this for “hundreds of years” - the Federal Reserve was created in 1913. During that time, the US dollar has lost 98% of its value. During the hundred years before that, the US dollar lost ZERO value. (As the phrase goes, “you figga it out!”)
Actual inflation is running well beyond that, which you would know if you bought your own groceries and clothes, or paid rent - food, clothing and shelter costs are far outpacing the official rate of inflation.
And then there’s health care inflation, which has been so obscene for so long that unless you are subsidized or independently wealthy you can’t afford it.
You said it all brilliantly.. no need for me to answer specific replies to my posts.. Without the rule of law we will continue to sink into becoming a banana republic.
Nobody is saying that.
Exactly, and y'all should know more than to post stuff biased to push what we'd normally expect form an IdjutMrxst.
Like the idea that the loony leftist war on banks is ok because we need "justice" (aka "righteous wrathful vengeance") upon those greedy exploiting banks that caused the '08 suffering of the masses that totally missed the bankers. Sure, we all know that the '08 mess was caused in no small part by this same loony leftist push forcing the evil banks to loan to minorities that could never pay back. Add to that how the GM union pork was a huge taxpayer loss while the TARP wasn't.
...Federal Reserve ...sets the price of money...
We have to know it's rediculous to imagine that the FR somehow forces all of us w/ banks (both domestic or foreign) to loan and borrow against our will.
Name one free market, besides the black market, in the context of a currency with a centrally planned interest rate.
Ah, you got me there. Sure I know that I get to pick and choose who I do business with and what transactions I participate in, but if you're not willing or able to imagine my doing so I'm realizing now that this convo is really never going to get anywhere.
Been fun tho...