Bitcoin....who's gotten into it?

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Originally Posted by stalefish3169

The fed is independent??? LOL Inflation is too low? LOL, LMAO even :)

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Like I said, you have no fucking clue about how any of this works.

You think Bitcoin is going to solve every problem, even if the problem does not exist but Bitcoin would create it.

The Fed is independent. Where is the evidence that they have set monetary policy based on political pressure?

Inflation after the Great Recession was lower than target, while unemployment was elevated. The Fed had reduced interest rates to zero but it was not low enough to generate full employment. Also, the fact that we have now hit zero percent interest rates twice since the Fed chose 2% as its inflation target (first unofficially, then officially) suggests that target may be too low, leading to unnecessarily prolonged periods of elevated unemployment.

You and byates want money to be an investment. It is not. And it should not be. Use money to buy assets if you are concerned about inflation. Or use it to speculate on Bitcoin, whatever.

Does jong groom children in his classroom?

Jong thinks the fed is independent. They came from the lost city of Atlantis. Crystal skulls. Unreal.

Hey, did either of you guys ever make the effort to figure out why the Fed targets core inflation?

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Originally Posted by byates1

Does jong groom children in his classroom?

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Only one of us comes across as a sexual predator here...

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Originally Posted by byates1

Jong thinks the fed is independent. They came from the lost city of Atlantis. Crystal skulls. Unreal.

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I am willing to listen to evidence that it is not. Post em up!

Yellen never worked in gov after the fed. Noone at goldman has ever worked in gov or the fed.

They are all independent. Came from another world.

You are a moron jong.

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Originally Posted by byates1

Yellen never worked in gov after the fed. Noone at goldman has ever worked in gov or the fed. They are all independent. Came from another world. You are a moron jong.

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And how did this show up in monetary policy decisions? There should be evidence of it somewhere, right?

Do you even have a theory of how a non-independent Fed would act?

Well they'd probably meet at jeckel island for starters

Seriously, just any sort of evidence to back up your beliefs?

The evidence of the revolving door of Goldman/fed/ cabinet positions that are in constant rotation? Jfc.

Where did the fed come from? Jeckel island. The titans of banking. The fed is just the largest bankers. They are not remotely independent.

Where is this turnip truck you just fell off of? Local Tahoe artisanal turnips?

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Originally Posted by byates1

The evidence of the revolving door of Goldman/fed/ cabinet positions that are in constant rotation? Jfc. Where did the fed come from? Jeckel island. The titans of banking. The fed is just the largest bankers. They are not remotely independent. Where is this turnip truck you just fell off of? Local Tahoe artisanal turnips?

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And how is does your theory show up in how they act? Like, have you even thought through what bad monetary policy by a captured Fed would look like?

Issuing treasuries causing 34 fucking trillion in debt. Let's start w that.

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Originally Posted by byates1

Issuing treasuries causing 34 fucking trillion in debt. Let's start w that.

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That is not a fucking Fed decision!!! They have no say in it!

The Fed is legally obligated to issue debt to cover any shortfall in tax revenue to cover the spending that Congress has legislated! Take it up with fucking Article 1 Section 8 Clause 2 of the Constitution!

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Issuing treasuries causing 34 fucking trillion in debt. Let's start w that.

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That falls on Congress, not the Fed. You really think they would refuse to issue treasuries? I am not sure you really understand the Fed and its role.


The Federal Reserve (Fed) cannot unilaterally refuse to issue debt. The U.S. Treasury, not the Fed, is responsible for issuing debt to finance the federal government's operations. The Fed's role is to conduct monetary policy, primarily focusing on stabilizing prices and maximizing employment.....

Keep telling yourself that.

Fuck, he has me pissed off so much I am confusing functions.

Yes, treasury issues debt, as they are legally required to do.

The Fed does buy and sell treasury debt on the open market as part of maintaining their target interest rate: https://www.federalreserve.gov/monet...openmarket.htm

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Originally Posted by byates1

Keep telling yourself that.

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What the fuck is that even supposed to mean?

Like yes, the Fed absolutely has no say in how much debt is issued, nor does the Treasury. Your theory that a captured Fed is responsible for it unambiguously wrong.

I'm glad to help

If you are trying to look like an idiot, you are doing well. Glad to be of help.

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Originally Posted by byates1

I'm glad to help

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Does it give you any pause to think that you have, what, tens of thousands (?) of dollars tied up in something that can not possibly solve the problem you want it to?

Once again you are a moron. BTC is my high risk play. I don't need it to solve any problem. It already has and will continue to. None of us here who believe in BTC are expecting it to instantly replace the global monetary system.

Only you putting words into our mouths.

Bunion- you posting your dumb trump shit in a BTC thread is you looking like an idiot. I do sleep well knowing you are in Montana, are an unhinged libtard, and are miserable.

In the 1st place you have to understand the problem. I wish it was as simple as..... Cut Spending. And Quit Spending Money. The problem is, most Americans really like all the shit they get from the Government and can't stand all the shit other people get and they don't cause..... wait for it.... It is Waste, Fraud and Abuse.

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Bunion- you posting your dumb trump shit in a BTC thread is you looking like an idiot. I do sleep well knowing you are in Montana, are an unhinged libtard, and are miserable.

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3 strikes means you are out. You were given 4.
Only thing miserable is your grasp of how US monetary policy works or doesn't.

Have a nice day.

Bunion has about as much grasp on monetary policy as his hero AOC. Pure genius right there.