Quote from: jjjfff on December 19, 2018, 07:16:44 PM

Quote from: jimbo2000 on December 19, 2018, 04:20:05 PM

Look, I think anyone who just outright states that the printing of new money is wrong is mistaken and jumping the gun. I cannot say that your conclusion is wrong because it is highly subjective but it is an intricate debate, there are many for's and many against's in the matter.

One bank. Controlled by 17 bankers. Has just taken down the US stock markets with one statement.

It's not simply about being against "printing money".... It's a completely insane system controlled by a little over two dozen people.

7 billion people on this planet will have worked all day today and will work for 40+ years of their whole lives simply to make the FED and their friends wealthier.

That is insane.

No doubt it is insane the level of control and influence they have over the world and all of those people's lives. BUT, that does not mean that there isn't an argument that it is for good. The fed announced an interest rate increase to make borrowing more expensive and slow consumer spending, they do that with the objective of limiting inflation and growth to a targeted amount. If that is the right course or not for an economy is open to debate. But that word is exactly what it should be, debate, debate and opinion. Not black and white.