Is the USA better off financially with the Federal Reserve?

[JustiReno]

Some people hate em, but isn’t the USA economy doing good? *if you have degree

[Stoner710]

No we are not

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.” (President Woodrow Wilson, ”

[JustiReno]

That’s what you get when you try to be Jesus and make everyone get along

[Stoner710]

Well I am Jesus names Joshua (Hebrew Jesus is Joshua Jesus is a greek word

[JustiReno]

Yeshu Ben Yosef!

[Anonymous]

The economy is doing well, most of the world's wealth is in US hands, the US has a powerful military, the US controls the majority of the world's resources.

The problem is that average Americans can't get a slice of the pie, even those with degrees even are struggling to buy a house, keep their job, save mone, pay bills whereas their fathers and grandfather's had a high school diploma and bought a house and raised a family on a single wage, maybe worked summers to pay for college after he left school. Labor in the US is cheap and the wealthy elites get wealthier.

[Opinion Owner]

... my point is the Federal Reserve exists to keep the wealthy elite 1% in control and wealthy.

[JustiReno]

Sir, I grew up thinking g our great great grandparents worked 14hrs in the coal mines, you sound like some hippie trash, this land was conquered you sloth. Go to school, get married, bam shabam you’re set

[Opinion Owner]

Our great great grandparents made money and had no debts. On those days you could walk into any job with as a college graduate, now you need a college degree to flip burgers in McDonald's.

[JustiReno]

No you don’t. And when you exaggerate your point this far you sound worse than ridiculous. Did you get your degree in abstract watercolors and still graduate last in your class?

[JustiReno]

I MAKE MONEY AND HAVE NO DEBTS BECAUSE IM NOT AN IDIOT

[Opinion Owner]

Same as myself. But I know with inflation devaluing my earnings and savings, taxes, food prices, energy prices, possible collapse of the housing market, possible economic collapse, banks going bust etc that I could be one bad month away from being broke. That's why I prep. All the money is being funneled up to the top just like it was during the gilded age with all the robber barons. If conditions were similar to those my father and even great grandfather enjoyed I would 3 or 4 times better off.

[KelleyNice]

Because of the advances in technology, the USA may have made improvement. However, every since the bankers bribed some members of congress that stayed after most of congress went home for the holidays to vote in the Federal Reserve, the USA has been doing less well than they would have without the Federal Reserve. It is never good to give the international bankers control of the money system.

[JustiReno]

Hmm i’m no expert but saying what things would be like without the FED is pure speculation. It didn’t happen, and we can’t study what didn’t happen. You should get PhD in economics then you can write books, etc. when you got time in between house wife things …

[KelleyNice]

Thanks for the MH

[braingirl]

We are in unsustainable debt... nearing 41 trillion... how many zeros are in a trillion? Most people don't even know. We are a broke dick country

[JustiReno]

Haha baby is born and is immediately has $90k of debt, $300k per household 🤯 good point

But the FED doesn’t spend money they just print it right?

[crossdressingrihno]

I’ll reserve is putting a Band-Aid on a bullet wound. It’s keeping some amount of blood in but certainly not enough to keep our economy alive. Our economy is far from stable and it’s just getting worse. Sooner or later we’re gonna have to deal with a massive economic crisis and things will get violent. The reserve and the cycle of money is helping but ultimately it’s just slowing the down the process not stopping or reversing it.

[JustiReno]

@crossdressingrihno oof I think the USA average net worth per person actually 2x our debt! 😮‍💨

[crossdressingrihno]

Even if that were the case stuff is expensive and so many people can barely afford to pay the bills so they got no money to go paying of bills. I live in a poor neighborhood and you know what I see? Hard working individuals just trying to get by but still barely having the time or money to afford some of the basic luxuries.
I have to get bottled water every week because I can’t drink from the tap.

If you wanna know what our government thinks about us go look at your own profile picture.

[JustiReno]

@crossdressingrihno what skills do you have to offer society? There’s a real split between the have skills and have nots

[crossdressingrihno]

I’ve been designing an affordable prosthetic leg for the past few years. I stated working on it in high school however i hit a road because I’m poor and can’t afford to do further work beyond early design’s so I’m currently hoping to find a source of income that can provide the required funds.

[crossdressingrihno]

Oh yeah in my free time I try to improve the design as I feel that theirs always room for improvement

[crossdressingrihno]

Oh yeah I’m still young and have much to learn so while my prosthetics are theoretically possible I won’t know fir certain until I can get a prototype ready.

[Sixgunsound]

The people Who like them don’t understand the concept of real money, and enjoy holding worthless paper whose value can be revoked at Will by an indebted government. People who like the federal reserve also cannot read the US Constitution, where it is spelled out specifically that currency is to be gold and silver. People Who like the federal reserve either willfully or through the neglect of their teachers and instructors throughout their younger years don’t want to understand economics.

[JustiReno]

Who understands economics better then the folks at the FED really? Think your country knows better hears a war for you, hope you have good credit

[Sixgunsound]

The interests of the permanent political class are nothing like the interests of almost everyone else.

[JustiReno]

Why should your interests trump theirs? In the words of a pleb, “WE JUST WANNA HUNT!”

[Sixgunsound]

There are more of us and their royal lifestyle depends on our cooperation. If that cooperation is to be forthcoming they need to make some concessions.

[JustiReno]

“Religion keeps the poor from massacring the rich” -Napoleon

I agree, I don’t want my taxi driver to rob and kill me when I have to catch s flight for work

[Sixgunsound]

Well, society is increasingly secular now because of politicians attacks on conservatism, so…

[BCA6010]

The Fed is hard to love, but the last thing anyone in the US wants whether they realize it or not is the government having direct control over the currency. The push for the digital dollar would effectively do exactly that. Keeping it in a distinctly separate, even if not always competent body is pretty much a necessity, and any changes made should preserve that at the very least, and ideally push back against the government's self-destructive spending.

[TroyDT]

Absolutely not. The Federal Reserve Act made possible the confiscation of the people's gold and then the issuance of fiat currency. One conspiracy theory that I think might be true is that JFK was assassinated because he was about to issue Treasury Notes and the moneyed interests saw that as the beginning of the end for the federal reserve system.

[JustiReno]

I had some wrong info in my head about the pricing of gold if we were still on the gold standard, maybe x4 current prices? seems doable 🤔

[Chazmatazz269]

No, Federal Reserve is literally the pinnacle of organized crime. May as well schedule your next massage with a convicted rapist if you’re a fan of those crooks.

[JustiReno]

Bag up a half a brick and wipe my mama’s table off

[Anon_ymous_Man]

Im an American, & let me tell you.

America is being driven into the dirt by the biden administration. Our economy is doing worse than it has in over 40+ years. Gas, food, rent, stock market, etc everything is going consistently up in price every single day

[JustiReno]

you want every decade to be the 50s OK let’s climb under our desks in case they nuke us

[Anonymous]

The Federal reserve is nothing but a national Bank. They've been in position for hundreds of years. They do good because that's what we've got. So because we don't like it they help control the economy that stupid people screw up. It's all a political bunch of bs

[JustiReno]

Hmm, hundred (s)? 🤯

[Jltakk]

The federal reserve was the biggest mistake and the cruelest joke the government played on the masses. Wilson was the biggest conman of a president, full-stop.

[JustiReno]

Gold rush!

[FunkyMonkee]

HELL NO!! Lincoln and Kennedy both wanted to abolish it and were shot for it!! At the moment, the economy stinks and is the worst it's ever been!!

[JustiReno]

Free meth for everyone woooo!

[Jamesshinobi]

The federal reserve system has seen the buying power of the USD decrease 90% and counting since its inception.

[JustiReno]

Hmm I’ll have to read up a little more. They sure can loan out money to whoever they want, but those other banks failed and these ones are “stable”?

[Jamesshinobi]

it monopoly money. they just print more.

[JustiReno]

Give it to meee please 😭

[OddBeMe]

Would we be better off with corporations regulating themselves and being responsible for interest rates?

[AngryCarl]

What do you mean? The Fed doesn't regulate anything.

[OddBeMe]

@AngryCarl they regulate monetary policy. But most publicly interest rates.

[OddBeMe]

And while members are usually ex goldman sachs execs, theyre responsible to us.

[JustiReno]

Goldman be hella jewy soundin tho 😭

[OddBeMe]

Been saving that for a “jewy” moment?

[JustiReno]

Someone put these words in my head 😰

[OddBeMe]

https://www.youtube.com/watch?v=Rw6PoGBSOU4

[JustiReno]

This woman needs meds, in the words of your lord come savior:
Funny how that term caught on, isn't it? . . . I tell everyone, I hated it. Somebody said “Drain the swamp,” and I said, “Oh, that is so hokey. That is so terrible.” . . . I said, all right, I'll try it. . . . So, like a month ago, I said, “Drain the swamp,” and the place went crazy. And I said, “Whoa, what's this?” Then I said it again. And then I start saying it like I meant it, right? And then I said it—I started loving it, and the place loved it. Drain the swamp. It's true. It's true. Drain the swamp.

[AngryCarl]

You think the Fed is responsible to you?

[JustiReno]

@AngryCarl I’m responsible for myself because I’m not a child.

[OddBeMe]

@AngryCarl they are responsible to our elected officials. We can get into how much our elected officials are responsible to us but at least theyre elected by us. I certainly dont want corporations regulating monetary policy themselves.

[maximumpower]

Ask your older relatives what it was like without the Federal Reserve.
Do some reading into the great depression.

[JustiReno]

My great-grandparents are dead and my grandma is from England

[maximumpower]

Again - Do some reading into the great depression.

[exitseven]

Until someone comes up with a better idea we should stick with it.

[AngryCarl]

No, the Federal Reserve are leeches feeding off the lifeblood of your nation.

[JustiReno]

Your country is a leech on Africa Asia the rest of Europe and the America’s

[AngryCarl]

Maybe we were a hundred years ago. You're living in the past. Anyway you're off topic.

[JustiReno]

Give your 💷 back to Bolivia you thief

[AngryCarl]

Go suck Jerome Powell's dick.

[JustiReno]

There are some evils worse than death

[jimmy2]

It's gold backing up paper and messing in our lives

[AngryCarl]

What do you mean? America hasn't been on the gold standard since the early 1970s.

[JustiReno]

I’m confused

[BeMuse]

What fantasy land are you living in?

[JustiReno]

I’m in Cappadocia and it sucks 😭 shoulda gone to Arizona

[BeMuse]

A major economic problem in the USA is a depressed labor pool. When people do not participate, it slows economic growth. This is the hidden unemployment of the USA… These are people that have applied for thousands of jobs and eventually just gave up on the idea of working because they could not find work. This increases dependency. It raises taxes on those who do work and it stresses social safety nets. Why is this happening? My guess is a combination of two factors. 1) a bunch of people went to college and were trained for jobs that do not exist. All the promises of growth in various sectors of the economy didn’t pan out. So now America has a bunch of underutilized talent. 2) major employers will not hire people with employment gaps. There were back to back recessions in the 2000s and 2010s thus a lot of people got pushed out of their field. Now they are either underemployed in some unrelated field or just out of the labor pool with no options.

[BeMuse]

Politicians will pretend unemployment is low, employers can’t find candidates for positions, and we need to import more labor. In reality the workers are there, the companies just will not hire them for jobs they were trained for. They want professions like electrical engineers to go flip burgers for a living, because the electrical engineer jobs just aren’t there for them. The lackluster economic growth just can’t justify it... This is probably why there is a lot of propaganda circulating that college is useless, go become a plumber or other trade worker… There are too many educated Americans… Additionally there are pushes in places like California to pay burger flippers a middle class income. Why is this happening? Probably because a lot of college educated people will not flip burgers. They think they deserve a better, more intellectually fulfilling, higher paying job for their level of education. So you sweeten the deal with more money just to get people into the workforce…

[BeMuse]

Even though the growth is not there you have massive an unprecedented increases in the money supply that far exceed economic growth. Thus inflation is running really hot. This is not a good economic situation… It’s an engineered economic disaster. The powers that be (the fed, department of education, etc.) are creating a bunch of intellectuals that are dependent on a welfare state while simultaneously outsourcing jobs, restricting the supply chain, and increasing the cost of living… It doesn’t take a genius to notice this is on purpose and specially meant to fuel a communist revolution.

[BeMuse]

Thus you see things like stimulus checks being handed out to Americans. You see talk of universal basic income. You see the Fed floating their Central Bank Digital Currency (CBDC) for when the USD collapses. You have funding of Marxist political groups by NGOs. This is not on accident. It is not organic. This is deliberate and decades in the works by people that are sabotaging our nation.

[BeMuse]

How often are there student movements involved in communist revolutions... All the time. So people like Biden get them riled up with promises of student loan repayment. Dependency to the central government... What happens next? More government and then more government and then more government until you get to total government and total government is communism.

[JustiReno]

@BeMuse I actually read everything you wrote, it was kinda a lot, but one point you made about Electrical Engineers being burger flippers I 100% disagree with. We can’t find enough American engineers so we go overseas to people with advanced skills, if you’re an electrical engineer, or any engineer you’re making $100k+++, now I have met people with English degrees working as baristas but again if they’d of got a teaching cert or masters they could be a teacher. Honestly have NO idea what they are thinking … look at job postings, they list requirements, we have 10,000s of open jobs at Amazon and Microsoft rn for Sr. Engineers and no one has the talent to fill them, sad

[BeMuse]

You can disagree all you want, it doesn't change the facts. There are plenty of engineers and scientists that get employment gaps in recessions and then become untouchable by industry. They are working in department stores, gas stations, restaurants, etc. I’ve met plenty of them... Companies keep hiring fresh talent right out of school or from overseas to train up and they discard engineers that aren't constantly employed or who become to specialized. There are all kinds of stigmas surrounding hiring gaps that deal with assumed lost expertise, bad people skills, poor professional judgment, etc. If someone else didn't hire you instantly, then they assume you are unhirable for some reason, there must be something wrong with you because we need engineers. This is why you never want to stay long at any engineering job. You should constantly be job hopping every two to three years. If you stay loyal to a company and get fired and then have to search for work, you may never work in your field again... Hiring from abroad/outsourcing is part of the economic sabotage.

[BeMuse]

This is a big thing that happened in Florida under the Obama regime. He cut so much funding for the space industry that you have tons of people that are electrical engineers, mechanical engineers, aerospace engineers, etc. that can’t get back into their field. I’ve seen them working as cash register clerks in department stores, doing computer repair in schools, etc. It’s stupid because they are bright people with a lot of skill, but they can’t get hired doing what they know how to do well.

[BeMuse]

This happened in the USSR as well... You had nuclear physicists driving taxi cabs.

[BeMuse]

According to data collected in 2017 by the National Science Foundation’s National Survey of College Graduates, 25% of engineering bachelor’s graduates, 29% of engineering master’s graduates, and 35% of doctoral engineering graduates worked within a different science or science-related field for their principal job, and 20% of bachelor’s graduates, 14% of master’s graduates, and 14% of doctoral graduates in engineering worked within a non-science or engineering related field for their principal job. That means 1 in 5 engineers are working in non-science or engineering related fields...

[BeMuse]

If those local workers were utilized there would be no shortage. The shortage is artificial so that more foreigners can be imported to disrupt the economy.

[JustiReno]

Dude I call bullshit on your words here, I’m just gonna go out on a limb and say your a lying sack a shit. Code: don’t snitch, don’t bitch, and you sir just went full bitch

[BeMuse]

You're just a retard. You can't help it, you were born that way.

[JustiReno]

Sorry for beating mean 😭

[BeMuse]

All anyone would have to do to confirm what I said is go look at the data. I believe they ran the same study in 2019 but I haven't analyzed that data set personally for comparison so I don’t want to speak to it. In 2000 immigrants made up 16.4% of STEM workers. In 2019 that rose to 23.1%, most of whom are coming from China. Thus that roughly 20% range of American engineers that are being displaced to other industries could easily meet the demand. American engineers are being displaced via H1B candidates on purpose. Anyone who has actually worked in an engineering field will know that foreign engineers. (specifically Chinese) are typically middle of the road to low end when it comes to expertise. To be fair they are typically cheaper and they do like to work long hours if you want to balance it that way in your mind, but when it comes to producing good product, they generally do not have the specialization to do the more complicate work. Americans excel where the Chinese don’t, but we’re discarding them into other industries. This slows American technological growth. It also leaves the door open for industrial espionage to China who consistently violated IP law and steals American tech. This is by design.

[joeldalton]

Where did it go? It’s still here.

[JustiReno]

not sure what you’re referring

[MrTaboo]

No, abolish federal reserve

[JustiReno]

Let’s abolish Woman’s Suffrage

[Godsvengeance]

Absolutely and unequivocally no