Comments by "Charles Brightman" (@charlesbrightman4237) on "Lieberman: Inflation could become an 'economic crisis'" video.

Since banks get low interest rate loans from the FED as well as having fractional reserve banking, 'We The People' should rise up and pass a law that all banks have to pay a minimum saving's account interest rate that keeps up with the true cost of inflation.
44
I WILL KEEP SAYING IT UNTIL IT CHANGES OR I DIE: 'We The People' need to rise up and pass a law that the US Fed has to bring back and maintain the value of the penny and to have an annual economic inflation goal of zero percent (0%). As America gets greater, a US Dollar should be able to buy more, not less.
16
@vivalarazausarmyvet4453 Don't know what that has to do with this thread, but 'yes'. Either the US Constitution means something, or it is just a piece of paper to wipe one's butt with. It's 'We The People' that give that document and those words meaning.
5
@carolharris6382 Well, the banks still pay interest, .01% APR, basically next to nothing. But if they are getting such a good deal from the Fed and from US laws, why don't they 'share the wealth' with those who deposit money with them so that those banks could even loan out more money with fractional reserve banking? Encourage people to save with their bank by having higher saving's account interest rates, (that at least keep up with the true cost of inflation), so that specific bank would have more funds in their reserve, so that the bank could loan out more money, and thereby make more money in the long run.
3
@nick101984 If that is what it takes to get to a goal of 0% inflation.
2
@shawnmcintyre3160 Having people's saving's account interest payments that keep up with the true cost of inflation is 'impractical'????? Really??? More people save money with those banks that pay at least an interest rate that keeps up with the true cost of inflation, then those banks would have more reserves on hand to loan out more money based upon the fractional reserve system. More money loaned out, could mean more money for the bank due to the interest payments made to the bank. (And additionally, the money loaned out into the economy could have potential beneficial effects for the economy as well, including the multiplier effect for every dollar spent as that dollar works it's way through the economy). And you call that 'impractical'??? But 'yes' also, if the Fed needs to raise interest rates to keep inflation at a target of 0% instead of 2% that could also be beneficial. Space travel, the ONLY thing that might save any species from this Earth to exist beyond this Earth, has gotten more expensive just in my life time. What is space travel going to cost in the next 100, 1000, 1 million years from now? Economic inflation just might be a contributing factor to the demise of all life from this Earth. Unless of course one does not want any life from this Earth to survive beyond this Earth. In that case, life itself would all be ultimately meaningless anyway as one day, there won't be any life left from this Earth to care about anything or anyone ever again. Besides mass extinction events, and the Sun becoming a red giant one day and wiping out all life from this Earth if not even the entire Earth itself, (sure a long time from now, but the destination is set like a way point on a journey), this spiral shaped galaxy we are existing in is most probably collapsing in upon itself. Hence, needing a successful pro-active space program.
1
@shawnmcintyre3160 Well, if banks had enough of 'their' own money in their bank, (money from people putting money into saving's accounts in their bank, instead of borrowing money from the Fed), that they could then loan out way more than they have in reserves due to fractional reserve banking, and they charged enough interest on loans including on people and businesses who utilize their charge cards, that made more than the true rate of inflation, plus an added amount due to any bad loans (which of course could also be wrote off as loses from their profits so they pay less in taxes), to cover their operating expenses including paying on people's interest on saving's accounts, plus having a nice profit, they could cut the Fed out of the equation and keep all the profits for themselves instead of having to pay back the loan plus interest to the Fed. With fractional reserve banking, banks get to create money out of thin air. Why spin straw into gold when one could just make money out of thin air?
1
@viviviv7325 It's about people investing money with banks that at least keeps up with the true cost of inflation, otherwise, why invest any money with banks? As far as your saving's bond idea with a return of 0.10% as you mention, what good is that if the current inflation rate is over 5%? Sure, it's better than 0.01% return (which is what many current banks pay), but it still would not keep up with the true cost of inflation. People would still be losing buying power of their money if they invested their money with banks and/or saving's bonds.
1
@viviviv7325 "Savings accounts are not investments." Sure they are, they are saving's accounts that normally receive some sort of interest on the deposits.
1
@viviviv7325 And I guess I agree to disagree with you. And the more you reply, the more you push this thread higher and higher up in the comment section for this video, of which, more and more people will see my original post above and most will probably not read down this far. So, thank you for your replies.
1
@viviviv7325 Oh and also, as of right now, 44 people above liked my original idea.
1
@viviviv7325 Hence why a law needs to be passed to force the banks to do it.
1
@viviviv7325 That, or pass laws to take away banks low loan rates from the Fed and/or do away with fractional reserve banking one way or another. Life wasn't always how it is nor does it always have to be how it is.
1
@viviviv7325 (copy and paste from my files): Consider also, the US Fed has a target of 2% inflation every year. But that is also 2% on top of all the 2%'s that came before it, which turns out to be a lot of inflation over time. Now first, if people's wages, benefits and even saving's account interest do not keep up with the true cost of inflation, they fall behind in buying power, and zero income is still zero income. But with economic inflation people would have a higher economic mountain to climb. They eventually could become economic slaves to the larger economy. And slavery was supposed to be done away with at least here in the USA. It seems it has been replaced by a system of 'economic slavery'. As America gets greater, a US Dollar should be able to buy more, not less. Second, space travel, the ONLY thing that might save any species from this Earth, has gotten more expensive just in my lifetime. What is space travel going to cost in the next 100, 1000, 1 million years from now? Economic inflation just might be a contributing factor to the demise of all life from this planet Earth. And we did it to ourselves. Or more correctly the US Fed did it to us all, including themselves. Instead of talk like doing away with the penny, they should actually be trying to bring back and maintain the value of the penny. And then have a target of 0% inflation annually. Otherwise, we all eventually die one day from something and go extinct, which is probably going to occur anyway, but without economic inflation, we would have a better chance of surviving. With economic inflation, less so. What good is life if there is no entity left to live it? What good is money if there are no entities left to spend it? Survive beyond this Earth, solar system and galaxy, OR die and go extinct. Those are the choices, (if we even actually have a choice). Currently, no exceptions. * Everybody needs to become active in changing the US Fed's economic inflation policy.
1
@viviviv7325 I responded to your comment but it was apparently blocked for some reason.
1
@viviviv7325 Hi Vivi. Just woke up early, couldn't sleep, east coast USA time zone. Yep, I am familiar with the red letter not posting scenario. This was not that. I could clearly see the comment was posted, so it was not that I forgot to hit the 'reply' button as is also a possibility. The comment was posted. But when I went away from this video and then came back later, the comment was not showing. YouTube has changed their censorship policy recently to be more restrictive. Certain key words and/or phrases could block a comment. It becomes a trial and error scenario on our part trying to figure out why something did not stay posted and which words or combination of words might have triggered the block. Gives us something else to do besides just talk with one another. Sad to say, here in America, the days of freedom of speech per the US Constitution appear to be long gone. California, eh? I have been out there many times in the US Navy decades ago. Stay safe, the 'big one' is probably coming this century possibly due to the Earth's magnetic pole shift and how the energy flows through the surface of this Earth. I am not going to repost the comment, I can't remember it all anyway. But since I am subbed to this channel, maybe we will meet again one day here in the YT comment section. See ya.
1
@BLASTIC0 Consider though, as a population size increases, and everybody wants and needs a certain amount of money to live on, where does that money ultimately come from? As a nation prints their own currency, backed at least in part by the countries' own reputation and resources, then as a countries' reputation grows in the world, so too would the value of it's currency. Likewise, as the population size grows in a nation, that nation would have more available resources, thereby also increasing the value of that nation's currency. For a nation to truly be great on this Earth, they should be a nation that other nations look up to and want to be more like, and even if possible to become one with, not by force and/or out of fear, but willingly. That is true greatness.
1
George O'Neal END SOCIALISM???? Okay: a. Let's cut off all the subsidies businesses get from the government. b. Let's cut off all the tax advantages and business write-offs that businesses get that non-businesses do not get from the government. c. Let's put a firm wall between the government and businesses. No interconnections or overlaps. d. All non-profits have to pay taxes on goods, services and money received. They receive national security protection, use of a nation's infrastructure, availability of police, fire, EMS, etc. They have been getting a free ride off of the government for too long. e. NO business or organization is 'too big to fail'. Why should only businesses and non-profit organizations get to suck off the government's money supply?
1
@nick101984 Well consider that the ONLY thing that might save any species from this Earth is a successful space program that gets at least one species off of this Earth, out of this solar system and out of this collapsing spiral shaped galaxy. Space travel has gotten more expensive just in my life time. What is space travel going to cost in the next 100, 1000, 1 million years from now? Economic inflation just might be a contributing factor to the demise of all life from this Earth. So, when you say 'something will have to happen', it will. Just maybe not how people believe it might.
1