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News Link • Federal Reserve

Fed Up With the Fed?

• lewrockwell.com

When people in Washington start creating fancy new phrases, instead of using plain English, you know they are doing something they don't want us to understand.

It was an act of war when we started bombing Libya. But the administration chose to call it "kinetic military action." When the Federal Reserve System started creating hundreds of billions of dollars out of thin air, they called it "quantitative easing" of the money supply.

When that didn't work, they created more money and called it "quantitative easing 2" or "QE2," instead of saying: "We are going to print more dollars – and hope it works this time." But there is already plenty of money sitting around idle in banks and businesses.

The policies of this administration make it risky to lend money, with Washington politicians coming up with one reason after another why borrowers shouldn't have to pay it back when it is due, or perhaps not pay it all back at all. That's called "loan modification" or various other fancy names for welching on debts. Is it surprising that lenders have become reluctant to lend? 

1 Comments in Response to

Comment by Ed Price
Entered on:

The problem for the Fed isn't fixing the economy for the people, it's fixing the economy for the Fed and the World Bank and the IMF. 

You can fool all of the people some of the time, and you can fool some of the people all the time, but you can't fool all of the people all of the time. 

People in America are waking up. they are waking up to the fact that the money they and the Government borrowed from the banks, was created out of thin air by the banks. So, when we borrow it from the banks WE AREN'T BORROWING ANYTHING AT ALL!!! It's only after we work and sweat to pay it back that there is any value in it. 

So, what does this have to do with the Fed fixing the economy? Here's what. THEY ARE LOSING US AS THEIR SLAVES... because we are waking up! 

Let the Fed create money. Let them regulate the economy by how much money they create. But quit calling it a loan when nobody borrows anything from them. 

Sure, the Fed should get some pay for the work that they do. But it should be a set fee... maybe like a lawyers fee, or maybe like a doctor's fee, or better yet, maybe like a Wal-mart worker's pay. 

And what about the Government borrowing from the Fed? If the Government accepted funds from the Fed as they really were... valueless... Government would never have to pay any of it back either. So there would be no need for income taxes, and the people and the Government would prosper greatly. 

So, now you see the problem that the Fed has to fix. THEY ARE LOSING THEIR SLAVES... US. WE ARE WAKING UP. WE JUST MIGHT FORCE THEM AND THEIR UNETHICAL, LYING, NON-LOAN LOANS RIGHT OUT OF THE COUNTRY... AND MAYBE OUT OF EXISTENCE. 

The trick for the Fed is how to keep the funds coming in... how to NOT lose their slaves... and how to keep their slaves pacified enough so that they (the Fed) don't have to flee for their lives! That is what fixing the economy is for the Fed. 

 


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