Usually, find signs of intelligence

Stupidness comes from ignorance, but anyone can come be stubborn/troll

The goal is to find the ignorant stubborn troll

@Dr.Cosby Lost a few arguments to me and so he’s bitter.

I thought IQ was racist and reductionist

So stop being so bigoted

Lol the troll

Your previous picture was better, just saying

That guy with the huge fucking face

And weird jaw

I mean you have a convicted pedophile and rapist as your profile pic so you’re not the one to judge

Sure I am

I'm telling your that your previous pic was more like your "persona" that you have here

Aka a big retard

I don't think Steve Irwin or that gator really embody you

How am I retarded?

Please tell me why

You can’t because I’m not

My friend, it's okay

Everyone is different

lmao

retard

1. Nationalize Banking
We wish to create an ethical national bank. The old system of the Federal Reserve is a privately independent monopoly that cannot be superseded by any agency in our Government. The Federal Reserve is composed of 12 regional banks that own and fall under the its board that controls the American monetary system. If such banks are becoming “too big to fail,” when they do fail, they bring down our nation’s economy. The current debt-based monetary system is perpetual debt and requires very high taxes to pay for it. Putting an end to the budget deficit would allow us to eliminate all of the financial market bubbles, and allow a direct assault on any national debt. This reforming of the banking laws must determine the amount of credit to be made available, the interest rates to be applied, and the approved categories of lending. A social credit of "debt-free" currency issued directly from the national bank backed by labor(state resources and the production of our people) with direct cash payments made to "replenish" net losses and interest-free credit. Debt will be tackled at par by calling in old bonds by redeeming and issuing new securities bonds plus unpaid interest set at 4%. The national bank would preside over this democratization of credit contributing to a vast economic expansion. We must implement national lending instead of national spending. This type of lending allows us to have short term capital costs lowered to 0% within our domestic market. Thus granting us a hyper competitive advantage over in foreign markets and high value with strong investment behind it encouraging the development of the economy, and to deter speculation.

Thoughts?

what da faq

I am not reading all of that.

I am not your teacher, I am not grading your essay

Sparknotes plz

The federal reserve is stupid anyway

Bad summary imo

Hello

a lot bad in there actually. the fed is bad but mostly on purpose for corruption reasons but they also made it more complicated than necessary in order to confuse the public, so you sort of get the worst of both worlds. If you are going to bother having a fiat currency, there is no reason to involve the banking system in monetary policy

outside of monetary policy, no reason for any manipulation of credit market, it's a terrible thing to do and the effects infect entire economy. it's based on a technocratic myth

if social goals have enoguh political force, they should jsut be funded with currency emission within the predictable schedule, so monetary and fiscal policy is a linked coherent whole

situation we have now, commercial banks do 80-85% of monetary policy, while financing politics that also break fiscal policy

ironicallly, the politician at Jekyll Island was the most honest, Alridge. He wanted a straight shooting central bank, no gimmicks, but the rest of the team felt it would be too blatant to get passed

Like in your above scenario, artificially low interest rates, especially in capital goods markets, is what brings on inflationary booms, and then the later crashes. the rate meddlign is what brings on the oscilations of the business cycle

it actually ends up promoting 'credit's' share of the profit, usually at he expensive of labor, with 'capital'/equity having a relatively stable portion. You can look at STeve Keen's modeling for that

with his Minsky program

i.e., bond holders percentage of surplus grows at the expense of labor, usually from carry trade of long term to short term lending, overinvestment in automation and machinery, which lowers labor's share of the production(and their margin), and usually becomes a positive feedback loop, until you get a crack

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