Fed Prints Another $205B This Week, M2 Growing at Fastest Pace on Record

Re:Fed Prints Another $205B This Week, M2 Growing at Fastest... by colechristensen on Friday April 24, 2020 @11:43AM (#22969199)

This is not how reserve banking works, doesn't reflect how much the US pays to service it's bonds, misses the fact that the fed creates new money and loans it out, it doesn't have obligations it can default on, misses the fact that the US would have to default on its debt to erase it, misses the fact that there isn't that much gold in the world (if the us stole every oz of gold on the planet it would have to devalue it's currency by half to return to the gold standard)

.... On and on and on.

This is honest gibberish.

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Re:Fed Prints Another $205B This Week, M2 Growing at Fastest... by KarlKemp on Monday April 27, 2020 @03:08AM (#22993595)

The claim that the Fed is somehow "private" has been rebutted millions of times. Google has an explainer above its search results: https://www.google.com/search?client=safari&rls=en&sxsrf=ALe.... The structure is a historical artefact with some private elements, but it is entirely controlled by governments and the private banks notionally holding some shares have no voting rights nor do they receive dividends.

Continuing to use this conspiracy theory can only be considered bad faith.

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Re:Fed Prints Another $205B This Week, M2 Growing at Fastest... by IfIEverCatchYou on Sunday April 26, 2020 @11:19PM (#22992584)

This article supports OP's thesis:

https://news.ycombinator.com/item?id=22992348

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