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To: reasonisfaith

“It’s everywhere the Federal Reserve can be found.”

In other words you can’t produce a single example. Not a surprise.

“Regarding the Great Depression, … we did it. We’re very sorry. … We won’t do it again.”

Yes, and you haven’t the faintest idea of what Bernanke meant by that quote because to do so you would need to know what his mentors Milton Friedman & Anna Schwartz wrote about “The Great Contraction” in their magnum opus ‘A Monetary History of the United States’.

They didn’t blame the Fed for causing the Depression, they faulted the 1930s Fed for paralysis as banks collapsed from runs and for failing to provide massive amounts of liquidity to halt the resulting deflation.

Bernanke took those lessons to heart and in 2008 the Fed began providing huge amounts of money to banks that were under pressure from the collapse their mortgage paper.


76 posted on 12/30/2018 10:19:33 PM PST by Pelham (Secure Voter ID. Mexico has it, because unlike us they take voting seriously)
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To: Pelham

Lying to get money from someone else is stealing.

The Fed’s lies from the beginning evolved into manipulation causing great financial loss to others but gains for themselves. That’s the Great Depression.

Your example of 2008 is possibly a better example of the Fed stealing from us. As you said, they “provided huge amounts of money to banks” in the form of bailouts totaling about 24 trillion dollars.

They won’t tell us where the money is or who received it.


77 posted on 12/30/2018 10:59:29 PM PST by reasonisfaith (What are the implications if the Resurrection of Christ is a true event in history?)
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