Comments by "eatmorenachos" (@eatmorenachos) on "Banksters Caught Bribing Chinese Politicians" video.

  1. Actually our financial system, boom and bust cycles were far worse without the Fed. Ending the Fed would give even more power to Wall Street, so Goldman and others could set short-term interest rates to suit their political and economic interests, which is a big reason why the Fed was created in the first place.  Ending the Fed would result in less government regulation at a time when we need a lot more of it. Allowing multiple currencies in a nation would mean economic chaos. It would subject our economy to the whims of other nations and their monetary policies---nations that would naturally look out for their own interests rather than our own.
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  2. limereid Do you know who controls short-term interest rates without the Fed? --WALL STREET. Ending the Fed would give MORE power to NY bankers, not less. Do you know who creates debt? -- Congress (spending exceeds revenue) I've heard this "loss of purchasing power" meme and I'm not buying it. The dollar fluctuates against the world's other major currencies. Our economic troubles are first and foremost due to income inequality and the fact that gains in productivity have not been met with gains in income, along with a tax structure that favors gambling (er "investing") over real work.
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  3. limereid My, what a fact-free response. "I'm right and...... do your research?" You sound like a two-year old trying to argue an issue you don't understand and have no knowledge of. It's a typical response from someone like you.
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