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End the Federal Reserve


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2022 Jul 5, 1:40pm   45,336 views  377 comments

by Patrick   ➕follow (61)   💰tip   ignore  

https://rudy.substack.com/p/qt-stands-for-they-lie



It seems that Fed employees know how to get rich betraying the public.

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296   AmericanKulak   2024 May 5, 7:44pm  

A classic Jekyll Island Documentary

(2 hr video at link)
https://x.com/RedpillDrifter/status/1759680379462799724
297   Patrick   2024 May 5, 9:44pm  

https://notthebee.com/article/the-chair-of-the-council-of-economic-advisers-for-president-biden-has-no-idea-how-bonds-work-


The chair of the Council of Economic Advisers for President Biden has no idea how money printing and bonds work...

Holy moly we are in for an absolute train wreck, aren't we?

Watch one of the president's top economic advisors try and explain how money works. ...







300   richwicks   2024 May 7, 5:37pm  

UkraineIsTotallyFucked says

Patrick says







Both.


No, dollars are worth less.

We reduce costs constantly.
303   Patrick   2024 May 17, 1:56pm  

https://www.coffeeandcovid.com/p/flaring-up-friday-may-17-2024-c-and


In a slightly more interesting related story, completely ignored by corporate media, Benzinga (a financial rag) ran a story yesterday headlined, “Marjorie Taylor Greene Ally Thomas Massie Introduces 'End The Fed' Bill To Abolish The US Central Bank: 'Americans Are Suffering Under Crippling Inflation’”



The bill — which while entertaining, is going nowhere, and will be completely submerged by government captured media — resulted from a poll Massie ran Tuesday on his Twitter/X page. The poll asked his 780,000 followers whether they thought the Congressman should propose a bill abolishing the Federal Reserve. An astounding 86.6% of the 115,000 voting said they wanted to “End the Fed,” while only 2.8% voted to preserve intact the controversial institution.

The bright side is that the conversation about the Federal Reserve’s utility or uselessness continues. By my quick research, it looks like Ron Paul filed similar Fed-ending bills in 1999 and 2013. So it appears Representative Massie is now carrying the torch of freedom.

Godspeed, Mr. Massie. You have my vote.
304   Patrick   2024 May 17, 2:58pm  

https://chrisbray.substack.com/p/marked-to-market


In other news, Major League Baseball has announced that each runner crossing home plate will be awarded three runs. This will make players more skilled, because they’ll score more runs. Baseball’s headed for record highs, Ted Lieu.
305   Ceffer   2024 May 17, 3:02pm  

The size of the net money bin pile has gone back to roughly to where it was before the Covid Fraud-Election Fraud-Biden nightmare. The only problem is the spending power through inflation taxation is at least 30 percent less.

You're welcome, Ukraine (Israel?). Decaying infrastructure, declining social services, information terrorism and open borders was so worth it.
311   The_Deplorable   2024 May 31, 5:39pm  

Patrick says





Patrick,
These are our lords and masters and actually they are frankly frauds and thieves.

We need to kick them out - the sooner, the better.
312   fdhfoiehfeoi   2024 May 31, 8:40pm  

I don't think anyone will just leave a position where they can print everyone else into the poor house because of a few kicks..
315   AD   2024 Jun 2, 10:14pm  

.

The Federal Reserve policies contributed to the federal debt to GDP ratio reaching current level of 121, whereas it was around 106 right before the pandemic.

And I read using an AI application that about $660 billion was spent on federal debt service in 2023, compared to

$773 billion for the Pentagon
$887 billion for Medicaid
$302 billion for Veteran Affairs (about $151 billion of this went to VA disability and income security/pension payments)

I wonder how much in 2024 will go to federal debt service given that the "effective" or "average" interest rate for issued Treasuries has been steadily increasing since the Federal Reserve increased the Fed Funds rate from 0.25% (around spring 2022) to currently 5.5%, which is the highest its been since around 2001.

Wolfman at Wolf Street blog website has a recent and excellent article about federal debt compared to tax receipts.

.
316   AD   2024 Jun 2, 10:24pm  

Congressional Budget Office forecasts that federal debt service will reach about $870 billion for fiscal year 2024.

Hence debt service will be greater than the Pentagon budget for fiscal year 2024.

Compare that to $497 billion for fiscal year 2022 when interest rates were much lower (7 year Treasury avg was about 2.5% in 2022 compared to currently 4.5%).
318   DOGEWontAmountToShit   2024 Jun 6, 6:17am  

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” - Thomas Jefferson
332   Ceffer   2024 Jun 20, 11:02pm  

People who could 'get by' on their SS checks just a few years ago have been pushed into not getting by any more.
333   AD   2024 Jun 20, 11:13pm  

.

I was looking at the $870 billion forecast for federal debt service and the debt to GDP ratio of 122% (compared to 100% to 105% from 2013 to 2020).

I wonder if the uni party (all Democrats and few Republicans) are planning to let the Trump tax cuts expire and to not renew any of them.

The uni party thinks this will help to reduce deficits and consequently decrease debt service payments and the debt to GDP ratio.

That depends if they can keep spending increase no greater than the annual inflation rate.

.
334   DOGEWontAmountToShit   2024 Jun 21, 8:51am  

AD says

The uni party thinks this will help to reduce deficits and consequently decrease debt service payments and the debt to GDP ratio.


Restoring SALT deductions won't reduce the deficit.

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