MORE achievements of our semi-retired President. Federal Reserve Achievement: Rich Getting Richer, Poor Getting Poorer, Middle Class Being Squeezed

Chrissy* wrote:Z, are you trying to say the president of the united states of America has no say so or pull in what the fed does in regards to qualitative easing (QE) ?

You know how QE is making the rich richer at the cost of the tax payers who will have to pay this with interest.

Is it not a scam to inflate the GDP and make things look rosey while padding the pockets of wallstreet?

ZVUGKTUBM wrote:

Chrissy* wrote:Z, are you trying to say the president of the united states of America has no say so or pull in what the fed does in regards to qualitative easing (QE) ?

You know how QE is making the rich richer at the cost of the tax payers who will have to pay this with interest.

Is it not a scam to inflate the GDP and make things look rosey while padding the pockets of wallstreet?

The President has no say over what the Fed Chairman does. That makes the Fed Chairman the most powerful person in the land (and really, our defacto ruler). You need to go back to school and study the origins of the Fed and what its purpose is.

Chrissy* wrote:

ZVUGKTUBM wrote:

Chrissy* wrote:Z, are you trying to say the president of the united states of America has no say so or pull in what the fed does in regards to qualitative easing (QE) ?

You know how QE is making the rich richer at the cost of the tax payers who will have to pay this with interest.

Is it not a scam to inflate the GDP and make things look rosey while padding the pockets of wallstreet?

The President has no say over what the Fed Chairman does. That makes the Fed Chairman the most powerful person in the land (and really, our defacto ruler). You need to go back to school and study the origins of the Fed and what its purpose is.

maybe you should go back to screwl

The Federal Reserve System's structure is composed of the presidentially appointed Board of Governors

The members of the Board of Governors, including its chair and vice-chair, are chosen by the President and confirmed by the Senate

The U.S. Government receives all of the system's annual profits, after a statutory dividend of 6% on member banks' capital investment is paid, and an account surplus is maintained. In 2010, the Federal Reserve made a profit of $82 billion and transferred $79 billion to the U.S. Treasury

If you think the president has no interaction with the federal reserve then, well.......

HA HA

ZVUGKTUBM wrote:Another BS Marklehooey thread.

I will agree that the Fed is too powerful; however, its charter was set in motion back in December of 1913, and no president since, Republican or Democrat, has ever tried to take away or change the power the Fed has.

Instead of blaming President Obama for what the Fed does, Markle should instead offer solutions to the Fed's overwhelming influence over the economy of our nation, and tell us how Republicans are ready to join Democrats in Congress to vote for change (they aren't....).

The only Republican in recent years who championed changing the Fed's power has been former congressman Ron Paul, who Markle would never have supported even for one second. Congressman Paul wrote a book in 2009 titled "End the Fed." I read it and it was very compelling.

ZVUGKTUBM wrote:

Chrissy* wrote:Z, are you trying to say the president of the united states of America has no say so or pull in what the fed does in regards to qualitative easing (QE) ?

You know how QE is making the rich richer at the cost of the tax payers who will have to pay this with interest.

Is it not a scam to inflate the GDP and make things look rosey while padding the pockets of wallstreet?

The President has no say over what the Fed Chairman does. That makes the Fed Chairman the most powerful person in the land (and really, our defacto ruler). You need to go back to school and study the origins of the Fed and what its purpose is.

Markle wrote:

ZVUGKTUBM wrote:Another BS Marklehooey thread.

I will agree that the Fed is too powerful; however, its charter was set in motion back in December of 1913, and no president since, Republican or Democrat, has ever tried to take away or change the power the Fed has.

Instead of blaming President Obama for what the Fed does, Markle should instead offer solutions to the Fed's overwhelming influence over the economy of our nation, and tell us how Republicans are ready to join Democrats in Congress to vote for change (they aren't....).

The only Republican in recent years who championed changing the Fed's power has been former congressman Ron Paul, who Markle would never have supported even for one second. Congressman Paul wrote a book in 2009 titled "End the Fed." I read it and it was very compelling.

What did I post which is not true?

Th Dude wrote:It's estimated that we owe the progressive central bank (federal reserve) over 4 TRILLION DOLLARS. For what you may ask?

2seaoat wrote:You posted nonsensical explanations for the drop in median income in America.  What was not true........

With the dollar fixed to gold, people did not wake up every morning and listen for how much their paycheck had shrunk in its buying power.


Utter economic nonsense.  The drop in the median income in America is tied to dropping income taxes at the higher brackets, attacks on unions in America, and economic comparative advantages in America being displaced by a world economy.   The gold standard had NOTHING to do with the same.  Please take a freshman economics class.  That may be more than you can handle......try economics for dummies...https://archive.org/details/EconomicsForDummies_

2seaoat wrote:Taxes, since semi-retired President Barack Hussein Obama have skyrocketed.

Where do you pull this stuff from?   Are you saying revenues are up?  They are, but the tax rates need to return to the mid eighties to offset the Reaganomics which destroyed our middle class.   The gold standard as the cause of the loss of median income......utter lack of economic knowledge.   Keep posting nonsense.  You are over your head again.  The best part is you simply run away when you do not understand something.  Post somebody laughing and run away.  You have established the pattern, but try to actually respond in real time to an economic discussion.   You run and hide hoping you can find some irrelevant link which you do not even understand.....usually hours after we are discussing something which you have ran away.   I am be very honest and not sarcastic......you have zero understanding of economics and the more you pretend you do.......well you disappear.   Try a real time discussion.

Chrissy* wrote:its bushes fault

It most certainly IS BUSH'S FAULT.
















hey people , next time we elect a leader, lets make sure he can do the job and fix the last guys problems. because thats what leaders do.

lets also make sure we dont elect another marxist

Floridatexan wrote:

Chrissy* wrote:its bushes fault

It most certainly IS BUSH'S FAULT.  

hey people , next time we elect a leader, lets make sure he can do the job and fix the last guys problems. because thats what leaders do.

lets also make sure we dont elect another marxist

knothead wrote:

Th Dude wrote:It's estimated that we owe the progressive central bank (federal reserve) over 4 TRILLION DOLLARS. For what you may ask?

. . . . . ahem, isn't that close to what we have spent in Boy George's war in Iraq and Stan? A little perspective perhaps . . .

Floridatexan wrote:

Chrissy* wrote:its bushes fault

It most certainly IS BUSH'S FAULT.  

hey people , next time we elect a leader, lets make sure he can do the job and fix the last guys problems. because thats what leaders do.

lets also make sure we dont elect another marxist