Federal Reserve gave $16 trillion in secret bank bailouts v.partialaudit

i just told you i spent thousanRAB of hours learning about all this stuff

one of those books i linked earlier that you ignored is about derivatives. the whole fucking book. i read it and i've still got my notebook full of notes if you'd like for me to go get it
 
its because the USD is currently the "world's reserve currency"

it allows us to create new dollars and have them accepted around the world

we don't actually have to do anything to earn or deserve the money, we just create it and do whatever we want with it

like dick cheney said to the secretary of the treasury "we don't have to worry about deficits"
 
"The problem isn't with the choices made by central bankers. The problem is that they possess the power to make any choice at all."

- Ron Paul
End the Fed
 
"Manipulating the money supply and interest rates rejects all the principles of the free market, and so it cannot be said that too free a market caused this mess. The market was not free at all. It was manipulated and distorted. Ironically, free markets and sound money generate low rates, but unlike the artificially low rates orchestrated by the Fed, the information conveyed is beneficial to investors and savers. Only the Federal Reserve can inflate the currency, creating new money and credit out of thin air, in secrecy, without oversight or supervision. Inflation facilitates deficits, needless wars, and excessive welfare spending."

- Ron Paul
End the Fed
 
and thats the point about the big nurabers

300 million sounRAB like a lot

3 billion doesn't

1000 billion sounRAB like a lot

1 trillion doesn't

the average person has no concept of these nurabers
 
"But I would say there were three types of broad errors in policy, and policy both here and around the world. One was that monetary policy around the world was too loose too long. And that created this just huge boom in asset prices, money chasing risk. People trying to get a higher return. That was just overwhelmingly powerful."

"It was too easy, yes. In some ways less so here in the United States. But it was true globally. Real interest rates were very low for a long period of time."

- Timothy Geithner, Secretary of the Treasury
 
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