The Federal Reserve American Dream Explained
Posted by ObjectiveAnalyst 11 years, 3 months ago to Economics
Here is a cartoon especially for khalling, because I know how much she enjoys them. :)
Seriously, this is a very interesting cartoon. I apologize about the length, but I would greatly appreciate your thoughts.
Respectfully,
O.A.
Seriously, this is a very interesting cartoon. I apologize about the length, but I would greatly appreciate your thoughts.
Respectfully,
O.A.
SOURCE URL: http://www.youtube.com/watch?v=t1NVPEg1jrQ
NMA
How is that working out? ;-)
I may not agree with everything therein, but the basic premise is great. What is money? What is debt? You should be very careful how you spend borrowed money. My kids loved it, and I give the vid some small credit for the fact that my adult kids are very good with money.
http://www.economist.com/content/global_...
How has debt helped Detroit? I don't understand.
Yes!!! when taken on by a LIMITED GOVERNMENT might be good and necessary in wartime or severe natural disaster. Any further public debt is THIEVERY - I don't want my grandson going into debt to pay for a study of the mating habis of frogs.
What in your estimation did Detroit do that every city, county, state, and the federal govt. is not still doing? How do you calculate they will escape the same fate?
The liberal social engineering prior to 1941 was otherwise doomed to keep us in that economical hole.
We must collapse goverment spending..
http://www.youtube.com/watch?v=d0nERTFo-...
I know enough to know what history tells us. I know what I was taught in college. I know the times that I lived through. Do you?
"Even if the economics were difficult...."
No difficulty here for me,,,but I suspect that you have a difficulty with the reality of putting the nation into full production mode, and introducing the women into the work force, on every level.
"...even if you could not pinpoint the actual data."
My bad for assuming that most of us here had an understanding of what took us out of The Great Depression. I'll not waste my time proving gravity to those that don't understand why they don't just float away from having so much hot air in them....
Be sure to post your resume if you answer this...we have only seen it about 5 times. Some of us have forgotten the 'highlights'!
P.S. 'Bite me".
The true benefit to the people is after the war is over and then only in certain circumstances. Many believe the military buildup itself improved our economy after WWII, but that is not true. It was government spending and borrowing that fueled the jobs during the war, but it was the aftermath that actually improved our economy. It was our massive industrial capability left after the war that allowed us to export goods to nations that had their infrastructure and industrial operations decimated during the war.
The one thing large scale war does to improve an economy, is eliminate a larger percentage of the population than of the global wealth. That's a pretty rough way to improve your economy.
The same economists saying that war production was a good thing, were declaring disaster at the end of the war, due to the loss of a valid reason for having great control over the economy. But the people who survived the war were tough, resourceful, and fiercely independent.... and that is the reason for the post WWII economy growth. Not the government war spending. The mentality of the people.
During WWII, incomes actually went down until 1944. People didn't want to buy bombers, tanks, machine guns. They wanted the normal goods and services-which were scarce.
Some of the policies, such as sarbanes oxley and changes to the patent system and increases in regulation generally shrank the number of choices for investors to look at, which is why they were focused mostly on real estate. The stagnant economy resulted in real household incomes declining-something that did not even happen in the great depression.
The borrowing was only one problem and might not have been a big deal if these other policy decisions had not happened.
Upshot: getting rid of the Fed is fine, getting rid of fractional reserve banking-fail.
Numismatics informs Economics.
http://necessaryfacts.blogspot.com/2011/...
BTW: I know that some control is lost, but this opened up for me with advertisement for the Bible as an app.
If you scrape the surface, you find a lot of anti-Semitism here, also. These crypto-Germanophiles want some kind of mystical VolksEkonomie based on farming and barter. Commerce, trade, banking, and civilization depend on something else (See here: http://necessaryfacts.blogspot.com/2011/...)
It is cogent that Midas Mulligan (not John Galt) was actual Prime Mover of the Strike. As a banker, Mulligan looked to "make money from debt" as this video complains.
As a numismatist, I assure you that GOLD COINS had very little to do with capitalism. American was built on paper promises. (See here: http://necessaryfacts.blogspot.com/2013/...).
The Federal Reserve has a lot of problems, but being a bank is not one of them. The idea of a "bankers' bank" and a "bank of last resort" has sound capitalist commercial foundations. In his plagiarized works, Murray Rothbard tells the story of the Suffolk Bank. (See here: http://necessaryfacts.blogspot.com/2012/...)
Most people call it "coin collecting" and think of old Uncle Frank pushing identical Lincoln Cents into a blue Whitman folder. In fact, numismatics is the art and science that studies the forms and uses of money (see here: http://necessaryfacts.blogspot.com/2011/...) and it shows that this anti-capitalist, anti-Semitic, anti-banking volksekonomie is the hallmark of the limited mentality of the the conservative muscle-mystic who thinks that Atlas Shrugged is a just a diatribe against liberals.
See this chart http://pgpf.org/Chart-Archive/0024_feder...
Little government debt equals prosperity. How long will it take you to learn this..
Debt is an indicator of overspending, but is not the real reason for our problems. You are missing cause and effect. Why this is important. You are giving politicians an argument to raise taxes.
We must convince or replace enough of them to force them to see the necessity of spending within our means. We are probably too late... :(
Very telling. Public debt and excessive spending is no friend to the economy.
Regards,
O.A.
I note with interest your authorship of the 4th article cited. Well done.