Message from @TeletubbyCancer
Discord ID: 667518364251586580
@TeletubbyCancer all I am hearing is that what lead to the great depression was a lack of protection and regulation from the government.
@Dragun9500 You didnt watch the video
Yeah, I did. He said that the federal reserve failIng the other banks is what lead to the great depression.
Federal Reserve is government
Gov caused the great depression my dude @Dragun9500
Why do you think the Federal Reserve is part of the government?
@Dragun9500 not to jump in and 2 v 1 this but what makes you think a bank that has the only government license to literally print money and manipulate interest rates is not somehow an extension of the government even if it's called a "private" bank.
Its a manipulation
Sell it to the public as a private asset despite the fact that its government controlled
Loche Doon
.
MUH ROADS
I mean
I like money
gimmie
@Cortah by your logic then Boeing and Lockheed by extension are sub-branches of the US military because they develop jets used by the US military. They use federal loans to help develop said jets as well.
So let me ask you guys this. What caused the 2008 subprime mortgage crisis?
The exact same thing interest rates being set to 1% and increased liquidity being pumped into housing through subprime incentives.
Not glass stegal repeal
And who were the ones handing out these mortgages with 1% interest rates to people who could not afford them?
The interest for mortgages werent 1%
That was the fed funds rate
Where banks borrow from