Message from @TheImposter
Discord ID: 527611258631880733
and if its stable then we are using loaded dice
im not sure how the instability is in any way desirable
its just randomly dicking over some and unexpectedly helping a few who happened to sell at the right time
stock value gets used for actual things right now
it spazzing around messes with peoples retirement funds and shit
Thing is, isnt most stock like 90% traded based on an algorithm?
This article explains why the FED rate makes the stock market go down
<https://www.investopedia.com/investing/how-interest-rates-affect-stock-market/>
Its not like most are deciding to buy now because its good
And it is summed up in this google search too
i mean the fed is usually just trying to stabalize the dollar and such
sell bonds to take money out of circulation, pumping up dollar
Can Trump fire the Fed?
turn off bond faucet et cetera
afaik not really
removing the whole fed isnt really desirable anyways
Who is the Fed accounted by?
it would just untether the dollar and possibly fuck everything over as we go the way of the ruble
if i remember right the government as a whole more than just the president
its relatively difficult to get rid of them so that a politician having a panic attack cant quickly throw them under the bus
Like if they really wanted to can they just say no?
and keep their job
they can destroy the whole federal bank if they really want to
it would afiak mainly just amount to removing the laws that brought it into existence
this would notably probably do a lot of damage to the banking system, which relies on them quite a lot
which is not really desirable if you like having valuable money
or an economy where its possible to do things like get a loan for a car or a house
or for your companies new machine shop that it needs right now
et cetera
But can the Fed make the economy go bad and not go to shit on purpose to make the president look bad?
concievably yeah but they havent really done so so far
they just do the most simple economic things which you can easily correlate to economic data
dicking with interest rates and selling bonds and such
it bears mentioning the current chair was put there by trump
Does anyone have the link for the article in the gen z video about Most popular publications on Facebook?
News site with short summaries and without the bullshit, and you can even add your own summary to a story http://www.uptopnews.com/
