OH i remember all right buddy and Volker was one of the WORST fed head that has been in the seat, hell Greenspan was better and HISTORY has proven that! Volker was a DISASTER and that fact is absolute, you cant even argue it.
Your all missing the point including this man. The idea is to create inflation in the US economy. The higher the inflation the lower previous debts become. This man is worried because he will have to pay higher and higher interest rates to the federal reserve instead of pocketing them. Also the debts owed to him will lose more and more of their value as inflation rises. Income distribution will return to a sustainable level as asset values are wiped out in real terms.
This guy escaped regulation on his exorbitant interest rates, which he can switch on you at will. That additional cash he takes from people's pockets will end up in the pockets of owned politicians. He won't have to buy Republicans, they are already willing servants.
OH i remember all right buddy and Volker was one of the WORST fed head that has been in the seat, hell Greenspan was better and HISTORY has proven that! Volker was a DISASTER and that fact is absolute, you cant even argue it.
sysopkc 2 years ago
Your all missing the point including this man. The idea is to create inflation in the US economy. The higher the inflation the lower previous debts become. This man is worried because he will have to pay higher and higher interest rates to the federal reserve instead of pocketing them. Also the debts owed to him will lose more and more of their value as inflation rises. Income distribution will return to a sustainable level as asset values are wiped out in real terms.
zogg18 2 years ago
actually this man... bob heller is not missin the point hes dead on and will kill u in a fight
hurleyskateava 2 years ago
Hurley
Don't talk for another man
If you want to talk to me and express a opinion fine.
If you want to get heavy tell me your name.
zogg18 2 years ago
lmao forget my comment, i thought this was a video with my dad and didnt watch the video till i saw this guy.... just forget hahah
hurleyskateava 2 years ago
Who's your dad
zogg18 2 years ago
problems in income distribution, trade imbalances and ecocide amount to an overall shitastrophe for american capitalism.
mikezephyr 2 years ago 3
The trade imbalance will stop when the dollar is devalued by massive spending from the stimulus.
zogg18 2 years ago
This guy escaped regulation on his exorbitant interest rates, which he can switch on you at will. That additional cash he takes from people's pockets will end up in the pockets of owned politicians. He won't have to buy Republicans, they are already willing servants.
tattootomorrow 2 years ago
The US will be lucky to survive it's current recession. They're inflating another bubble and it's going to be the coup de grace for the country.
JeffreyRodriguez 2 years ago 5
I can answer the question of whether the Fed chairman will "put on the brakes" to slow or stop inflation. "No."
ls1z28chris 2 years ago 3