Ummmm, doesn't the president and congress elect the Fed chairman? Didn't they have a vote in congress last year to give Ben Bernake a new term? Unless I was doing shrooms that week, I could of swore I saw him get elected by people that we elected. Hmmmmmm...
how about the gov prints a fiat currency and is held accountable for the value it gives it. the gov lends out money to its country and controls the quantity. remember the golden rule, he who has the gold makes the rules. its not about what the money is backed by, its who controls its quantity. google tally stick...nice to see people getting out there and saying something, more than i can say for myself
Ummmm, doesn't the president and congress elect the Fed chairman? Didn't they have a vote in congress last year to give Ben Bernake a new term? Unless I was doing shrooms that week, I could of swore I saw him get elected by people that we elected. Hmmmmmm...
ohio1998 1 year ago
@ohio1998
That's nothing but a puppet show. The FED is quasi private and answer to no one. That's undeniable.
stripe64 1 year ago
@stripe64 , uhmmm yea, they do answer to people. They have to answer to the Treasury and Congress.
ohio1998 1 year ago
@stripe64
hahaha, it's pretty obvious they don't answer to Congress or the Treasury. Did the FED have to get permission from the Treasury or Congress for QE?
stripe64 1 year ago
@ohio1998 why did *WE* elect these idiots?! Ben Bernanke is an idiot!
reneaandhercat 11 months ago
how about the gov prints a fiat currency and is held accountable for the value it gives it. the gov lends out money to its country and controls the quantity. remember the golden rule, he who has the gold makes the rules. its not about what the money is backed by, its who controls its quantity. google tally stick...nice to see people getting out there and saying something, more than i can say for myself
nieldsb 1 year ago