Viewing a response to: @edicted/re-taskmaster4450le-s9fcsx
I keep repeating the same thing because it seems people refuse to learn. For example: >If the FED is not printing money then how is this obviously unfair system syphoning value from us plebs? Umm if the Fed was printing it, why did Blackrock (I presume Fink) say the next downturn, the Fed will need to go direct. If they were doing what so many claim, they would already be going direct and "injecting liquidity" into the system. The central banks arent exploiting since they are nothing more than a promotional firm. Even Ben Bernanke stated this: >When I was at the Federal Reserve, I occasionally observed that monetary policy is 98 percent talk and only two percent action. The ability to shape market expectations of future policy through public statements is one of the most powerful tools the Fed has. This are his own words (link [here](https://www.brookings.edu/articles/inaugurating-a-new-blog/)). >Stop telling people why they are wrong and start telling them why they're fucked by the current system. The will not understand why they are fucked because it is not the system that fucks it. Instead it is who controls is. And that is why it bears repeating, over and over. Until people learn what is going on and how things work, they will not grasp any of it. It is why crypto is beyond even those involved in it. They think it is something new. It isnt. Monetary systems have not changed. Money does, but the system remains the same. So for those who still want to espouse things like it is 1920 (and even then what they claim isnt accurate), then they will keep getting a reminder of how it is now so. >The underlying implied message that you are sending with these posts is that everything is fine because they don't print money. This is not the message, either overt or implied. The message is stop looking in the direction that means very little. Until the focus is upon that which is causing the damage, no progress is made. That is why I use a phrase like banking cartel and talk about why the central bank system is not relevant. It is mirrors while the actual activity, undertaken by the commercial and investment banks, is ignored.
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>This is not the message, either overt or implied. This is not the intended message, but your intent is irrelevant. What matters is how your message is actually interpreted by the people hearing it. #### People have basic questions like, >Why am I seeing Jerome Powell on 60 minutes talking about flooding the economy with money if that's not what he's actually doing? Why would anyone lie in such a stupid way that makes themselves look incompetent on purpose? Why doesn't he just tell the truth and say, "Nah we're just printing reserves don't worry about it." Isn't that the politically obvious thing to do? Classic deflection and blaming someone else. The narrative you're peddling goes something like, "Powell doesn't care if he and the FED look incompetent they just want to trick people into thinking they have power so they can manipulate greater market forces." And even if that's true it's a completely unbelievable narrative that nobody is going to buy no matter how many times it gets repeated. So again if it were me I'd fall back on things that actually make sense like, I don't know, how derivatives are leveraged to steal wealth from the majority into the banker's pockets. Or maybe the relationship between the federal reserve and the federal government. Topics that can't be so casually dismissed by those who think they know better. Just my two cents: Tactless as always.
author | edicted |
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You do have a point about believability. It is part of my detest for economists (well most of them), they are lying bastards peddling a bunch of theoretical nonsense that, if it was ever true, hasnt been in decades. It will try to isolate my message more into specific chunks.
author | taskmaster4450le |
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