New Fed Reserve Chairman Sworn Yesterday

[FS1]

We will see how this guy does.

I have read speculation that the Stock drop is due to the Fed cleaning up their balance sheet. They used Quantitative easing to prop the economy during Obama, I guess we will see.

 

[ArmyJerry]

we need to audit the fed.

 

[diverdon]

we need to audit the fed.

Do you really think you can do that without destroying the economy?

 

[Nik H]

Powell seems like a neutral or even a monetary dove. He has a lot of experience on Wall Street running private equity firms and other investment vehicles. He has served on the Board of Fed Governors for a bit. Doesn't believe that the present Freddie Mae or Freddie Mac operating models are sustainable.

We will see how he operates and what he does regarding interest rates. This in my mind is one of the biggest pressures on the equity markets today. The VXI (Volatility Indexes) are crazy right now. This kind of uncertainty is good for people with cash on the sideline. Wait until the carnage is over and buy cheap.

 

[Maggot]

We will see how this guy does.

I have read speculation that the Stock drop is due to the Fed cleaning up their balance sheet. They used Quantitative easing to prop the economy during Obama, I guess we will see.

Business as usual. Anything else = death sentence. The money doesnt fuck around.

 

[rocklinux]

I don't expect any change. They're in the same system. QE will always be used to prop up this system until it doesn't work

 

[pmclaine]

Do you really think you can do that without destroying the economy?

If the Fed is on the level than yes the economy will be sound

But on the other hand if there is something to find out....It doesn't matter the economy doesn't exist, it's a manipulation to siphon money from us that work to those that don't.

What other organization in the world goes without some sort of outside party oversight?

 

[Maggot]

If the Fed is on the level than yes the economy will be sound

But on the other hand if there is something to find out....It doesn't matter the economy doesn't exist, it's a manipulation to siphon money from us that work to those that don't.

What other organization in the world goes without some sort of outside party oversight?

The FED on the level? Bwahahahahaah

Read 'The Creature From Jeckyll Island."

 

[Rthur]

Do you really think you can do that without destroying the economy?

The real question is why isn't this a requirement when they've been given so much power..

R

 

[ArmyJerry]

Bingo and its also not in our Constitution.

The real question is why isn't this a requirement when they've been given so much power..

R

 

[7.62willdo]

John F Kennedy talk about auditing the fed and caught a bullet for it.......

 

[Maggot]

John F Kennedy talk about auditing the fed and caught a bullet for it.......

He was going to end the FED. You dont fuck with the money. But he had a lot of enemies.. The CIA, the Mob, the Cubans...all of them kill people fo a living...not people to cross.

 

[ArmyJerry]

dont be a pussy. Audit Audit Audit Audit

 

[Nik H]

The Federal reserve has always confused me to no end...see diagram

From what I understand, Congress oversees all aspects of the FED. However, the Board of Governors are appointed by the President with the advice and consent of the Senate. However, this diagram shows that the Board of Governors are an independent agency.

I wouldn't even know who or what to audit. It is so convoluted, it reeks

 

[7.62willdo]

Read “the monster from Jekyll island”..........it will explain everything

 

[Nik H]

Read “the monster from Jekyll island”..........it will explain everything

I have that and skimmed it. I am more interested in actual stated duties versus the platitudes that the picture I posted says.

 

[Maggot]

I have that and skimmed it. I am more interested in actual stated duties versus the platitudes that the picture I posted says.

Do more than skim it. The important part is not how does it work now, but WHY was it created, and by whom, to serve whom.