---------------------------- Original Message ----------------------------
Subject: Mar 16:
Fed is not powerless! Indeed the citizens are the problem!From: iamback
Date: Sun, March 15, 2015 5:48 pm
To: "Armstrong Economics" <
armstrongeconomics@gmail.com>
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Armstrong is asserting that central banks don't have any power, which is bullshit. The Fed caused the booms in the developing countries with ZIRP which caused the entire world to borrow in dollars making the world now short the dollar which will cause a massive economic collapse after 2015.75. This enslaved the world to the dollar. Who ever controls the central bank of the reserve currency, controls the world. Armstrong can rant all he wants about irrelevant details such as the domestic money supply declining due to a collapse of velocity, when in fact the powers-that-be knew exactly what they were doing with ZIRP and the plan is proceeding exactly as planned in order to bring the world to its knees and accept a one-world currency reserve that will be controlled by those
somesame powers-that-be. This is entirely obvious and unarguable. If Armstrong persists in these pathetic obfuscation attempts, I am going to just have to ignore him and laugh at it when everything I've said comes true.
http://armstrongeconomics.com/2015/03/15/who-controls-the-money-supply-fed-or-we-the-people/Other emails have come in saying Bitcoin is controlled by We the People rather than 12 guys at the Fed. OMG! How many times do I have to explain that the Fed CANNOT CONTROL the Money Supply. The Bulk of money is created by the VELOCITY of money through lending at the banks called LEVERAGE. This is when markets crash and the dollar is rising because the two are never equal. Assets become over-valued in a Bubble and they crash because there is not enough actual money to represent those valuations. The REAL money supply is often a multiple of the actual money on the books and is know as the VELOCITY. Then the bulk of the actual money created by government is NOT by the Fed, it is by Congress through debt. I have shown this chart many times. It shows that 70% of the national debt is actually accumulative interest payments. Had the Fed actually been in charge of the money supply, it would have been one-third of its current size. Changing money to gold or bitcoin or whatever, will not address the real problem
Why was there no inflation with QE1-3? Because the bond holders were not exclusively domestic. The economy is porous and the dollar is used globally. The Fed cannot control even long-term interest rates nor can they dictate to the banks. They handed the banks TARP, but they did not lend the money. Everything is indirect not direct control and that is much of the problem.
It is these simplistic labels attached on the Fed as the greatest evil that prevents people from (1) understanding the VELOCITY of money through banking, and (2) Congress convenient pointing-fingers at the Fed to deflect blame from themselves. Im sorry, but I think you need to understand economics 101. Not everything can be blamed on the Fed. The vast majority of the money is created between debt and lending the same $100 several times.
I already said that Bitcoin is controlled by 1 - 4 mining pools, so it is not controlled by "We The People".
The vast majority of the money is created between debt and lending the same $100 several times.
Politicians spend more to buy votes from whom? The People. Anyone on Capitol Hill will tell you even the CONSERVATIVE Republicans during the 2007-2009 Crash lobbied on the Hill saying Congress had to reduce spending, just not theirs. The money supply is controlled by We the People and if you think creating some independent board will eliminate corruption, you might be interested in buying the Brooklyn Bridge while your at it for your retirement. Communism failed because human nature took over. It does not matter who is in control, once control is given, they will put their hand in the cookie jar.
Exactly. Human nature is the problem. And that will not be solved at your Solutions Conference.
Whereas, we Knowledge Age workers are working a technological solution which will render the collective unable to tax. That is a real solution, because it changes the matrix of possibilities.