Posted on 03/03/2020 7:10:27 AM PST by L,TOWM
I’m a von mises fan which means I absolutely loathe central banking. But we need another Andrew Jackson to slay that dragon.
Does that make it a worse entity or better one than a central bank?
No, it is not that 80% show no signs, but that for 80% it won’t be serious.
And obesity isn’t shutting down our supply chain or likely to burst our medical system beyond its emergency capabilities.
Sure, in another 15 months and even likely over the summer at least, it will be less of a concern than it is now, as we’ll have a vaccine, possibly treatments, and a possible lessening of the virus’s severity.
But your mindset continues to be skewed and your examples off.
How many months ago did Trump ask them to drop rates? 6? 9? More?
IMO, worse.
If the US Treasury was the “Central Bank”, which is (historically) the lender of last resort, clearing and processing drafts (checks) and transfers, and acting as the liquidity facility for the nation’s private banks, we probably would not need a lot of the taxes we are charged now to operate the government.
If you want some good info to form your own opinion, I would read “Web Of Debt” by Kathleen Brown.
The standard arguments in favor of the fed can be found here: https://www.theatlantic.com/business/archive/2011/01/why-we-need-the-fed/69554/
They have not changed much since Karl Marx endorsed the idea in the 1850’s; our twist is that the banks get the fees and interest money. Sort of the worst of both worlds, IMO.
Yes I tend to agree. Government can be bad (but can be good) but whenever you here of government-private hybrids things get messy. I believe the Fed was created in secret on Jekyll Island way back in 1917. And didn’t Jackson fight tooth and nail to stop such a bank way back in the 1800s. One of the reasons I am not a Hamilton fan was he pushed for a central bank (and better relations with the UK).
1907 was the Jekyll Island meeting; the remainder was correct. Yes, Hamilton was fascinated with the Bank of England. And yes, Jackson continued with Jefferson’s battle to have no central bank. Jefferson had a calmer personality than Aaron Burr, but still probably would have happily dueled Hamilton over the central bank issue...
“More dangerous than standing armies” was Jefferson’s opinion of a central bank.
I am always treading softly here because Hamilton has lots of fans on FR. He had some good ideas like a strong federal government but I think he was too snuggly with the Brits for my taste.
ebola corona virus can live for yrs on a dried surface....w at least a 4 week symptom free contagious incubation period why would anyone think those chineese products since december are safe?
if the chin gov. cant be trusted...Then their products are unsafe far into the future.....”community transmission without known source”....is what they are calling it....
the real danger imo is Not the new virus...and un acclimated populations....its the total over loading of our health care system...and subsequent bankruptcy something the left a Tryed to do for yrs...
A idiotic dysfunctional suppressive communist gov...was given Huge power over our world..facilitated by every leftist democratic “progressive “p.o.s.
So the number 1 market in the world will have to decouple from the number 2 ......simple as that..
If our gov acted fast enough....and if the banks investors and People where all on the same page.....condemning the lieing chinese gov....and Supporting new supply chains ....we could pull through......the cos that will hurt the worst are all leftist cont. ......
limbbagh was Wrong to frame this as a “takedown of Trump”...is Going to fall and hard.....should be placing the blame where it belongs.....on the dysfunctional un ethical chineese gov. system....and culture....saving the chineese cos will not save U.S.....propping up the market for Trump political points wont save U.S....ITS NOT TRUMPS FAULT....its the communists fault...limbagh is tying stock market success or failure to Trump.....if it falls the people will see it as a Failure of the good clean captitalists ...when it was Caused by dysfunctional communists.
number 1 economy is going to get hurt when 60% of the supply chain is gone...its Not Trumps fault....attacking people for “spreading fear”...is not a valid response...attacking people for trying to blame Trump is valid....
social isolation...quarenteen..closing the borders....stopping chineese products....telling the people to make silver ion antibiotic at home....these are things that might help save U.S. from the piven narrative.....support them !
anyway the hong cong protestors have send hundreds of videos...chinese taking guns off the police...bodies wrapped and lined up for miles...along the street...the chineese spraying silver in the street....appartment buildings doors welded shut....empty hyways .....the really nasty ones are removed now....but 2 wks ago....our gov. was letting them through.....and it was horrific......
imo If we stop the contagion from chinese products..and inform the people of the multitude of self help options avail. ....we can slow it enough to clean up our country....thereby saving our country...and our market...and our system.....
pretending the market wont hurt....aint gonna help..pretending the products are safe aint gonna help...attacking home prepers....aint gonna help...tying this comming market damage to Trump aint gonna help..
encouraging self sufficiency might help....every house making their own silver ion antibiotic might help...clean hands..ect...might help....
one thing for Sure...we can Never again give this useless lieing nasty...Freedom hating...anthill of communist china this much power over U.S....
what can we do?.....inform the people...reestablish institutional trust...secure supply of all war materials s ...rare earth...metals...uranium ...prepare for social isolation...defang the leftist gov...who plan to use this to generate power....
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