Message from @TeletubbyCancer

Discord ID: 667520869244993536


2020-01-16 23:30:15 UTC  

@TeletubbyCancer all I am hearing is that what lead to the great depression was a lack of protection and regulation from the government.

2020-01-16 23:31:16 UTC  

@Dragun9500 You didnt watch the video

2020-01-16 23:31:56 UTC  

Yeah, I did. He said that the federal reserve failIng the other banks is what lead to the great depression.

2020-01-16 23:32:27 UTC  

Federal Reserve is government

2020-01-16 23:34:35 UTC  

Gov caused the great depression my dude @Dragun9500

2020-01-16 23:45:06 UTC  

Why do you think the Federal Reserve is part of the government?

2020-01-16 23:47:06 UTC  

@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.

2020-01-16 23:50:20 UTC  

Its a manipulation

2020-01-16 23:50:39 UTC  

Sell it to the public as a private asset despite the fact that its government controlled

2020-01-16 23:57:01 UTC  

https://cdn.discordapp.com/attachments/257355998065459200/667517698678456320/VSIJT0CJRM2DK3PS7ON8.png

2020-01-16 23:57:18 UTC  
2020-01-16 23:57:30 UTC  

https://cdn.discordapp.com/attachments/257355998065459200/667517820174729216/haggis-1.png

2020-01-16 23:59:35 UTC  

https://cdn.discordapp.com/attachments/257355998065459200/667518346165616676/025-Down-towards-the-castle-and-car-park.png

2020-01-16 23:59:39 UTC  

Dumfries my dude

2020-01-16 23:59:42 UTC  

Loche Doon

2020-01-17 00:05:26 UTC  

https://cdn.discordapp.com/attachments/257355998065459200/667519817602957333/pancake-serving.png

2020-01-17 00:06:57 UTC  

https://cdn.discordapp.com/attachments/257355998065459200/667520198689030185/790.png

2020-01-17 00:08:29 UTC  

https://cdn.discordapp.com/attachments/257355998065459200/667520585823289396/2Q.png

2020-01-17 00:09:08 UTC  

.

https://cdn.discordapp.com/attachments/257355998065459200/667520749346488337/5bcaa471d32d7.png

2020-01-17 00:09:37 UTC  

MUH ROADS

2020-01-17 00:21:26 UTC  

https://cdn.discordapp.com/attachments/257355998065459200/667523843098673162/82464482_2579306202341724_5389892658913083392_n.png

2020-01-17 00:34:26 UTC  

https://cdn.discordapp.com/attachments/257355998065459200/667527115071291402/EOb6C20XUAACdjC.png

2020-01-17 00:36:57 UTC  

I mean

2020-01-17 00:36:58 UTC  

I like money

2020-01-17 00:36:59 UTC  

gimmie

2020-01-17 00:52:54 UTC  

@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.

2020-01-17 00:53:49 UTC  

So let me ask you guys this. What caused the 2008 subprime mortgage crisis?

2020-01-17 00:55:03 UTC  

The exact same thing interest rates being set to 1% and increased liquidity being pumped into housing through subprime incentives.

2020-01-17 00:56:24 UTC  

Not glass stegal repeal

2020-01-17 00:56:28 UTC  

And who were the ones handing out these mortgages with 1% interest rates to people who could not afford them?

2020-01-17 00:56:45 UTC  

The interest for mortgages werent 1%

2020-01-17 00:56:50 UTC  

That was the fed funds rate

2020-01-17 00:57:02 UTC  

Where banks borrow from

2020-01-17 00:57:48 UTC  

So you're basically saying that the feds enabled this bad business practice of the banks due to their low-interest rates to the banks themselves?

2020-01-17 00:58:17 UTC  

Yes

2020-01-17 00:59:03 UTC  

And governments forcing subprime motgages

2020-01-17 00:59:04 UTC  

But you admit that the banks were the ones who were actually doing the bad business practices that lead to the crash correct?

2020-01-17 00:59:08 UTC  

Yes

2020-01-17 00:59:44 UTC  

Im not pro government business mixing