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"The Fed's Days Are Numbered" Ron Paul On The Crucial Issue "They" Don't Want To Talk About

Tyler Durden's picture




 

Via SovereignMan.com's Simon Black,

Just had a great weekend in Dallas, where I had the pleasure of spending some time with Dr. Ron Paul.

After our event on Saturday we sat down to record a quick podcast that I’m eager to share with you.

In this quick audio session we covered his views on the biggest issues surrounding the Fed right now:

  • Why the Fed is not going to raise interest rates
  • How they’ve lost the power to manipulate markets
  • How they rig half of every transaction you make
  • The crucial issue that they don’t want people talking about
  • And how they’ve made us poorer

You’ll definitely want to hear this.

"All The Fed has is credibility" and, as Ron Paul expounds, by folding on a 25bps rate hike, it tells you how fragile this system is... built on a foundation of sand."

 

Indeed, if stocks weren't held up, that would be another 'signal' of the fragility... "and that is why they created The Plunge Protection Team."

 

By "manipulating the most important price in markets," Paul concludes, "we are at the climactic end of the 'system' that started in August 1971."

Click image below for link to brief must-listen interview...

 

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Mon, 10/19/2015 - 19:35 | 6687337 EuroPox
EuroPox's picture

The best Pres there never was.

Mon, 10/19/2015 - 19:45 | 6687393 Save_America1st
Mon, 10/19/2015 - 20:53 | 6687686 jmeyer
jmeyer's picture

Nationalize the Fed.

Tue, 10/20/2015 - 07:25 | 6688665 Bobbo
Bobbo's picture

   !!!

 

Re:  Nationalize the Fed.

 

Did that already.  If no one has noticed, the Fed website is now .gov whereas two weeks ago it was .com  This is not trivial, nor cosmetic.

Rumor has it that the pentagon has assumed control, as it has also assumed control of Goldman's contracted government benefits payment system.

Stay tuned.  This won't be on TV for a while longer.

 

Mon, 10/19/2015 - 19:47 | 6687399 TongueStun
TongueStun's picture

Honesty gets you nowhere in DC, nobody wants to hear it.

Mon, 10/19/2015 - 20:02 | 6687478 SuperRay
SuperRay's picture

Kennedy executive order 11110, signed on June 4, 1963, took the Fed out of the loop of money creation.  Five months later he was dead.

There needs to be a litmus test for allowing people to survive once the collapse comes.  Do you know any-fucking-thing about the Federal Reserve, or the neocons, or the psychopathic CIA?  No?  Sorry, you're not worth saving..

Mon, 10/19/2015 - 20:28 | 6687596 arby63
arby63's picture

No, we need a 50-million man/woman march on the scum in Washington D.C. We need it more than ever. Talk about change.....

Mon, 10/19/2015 - 21:26 | 6687773 Mr Poopra
Mr Poopra's picture

Unfortunately this country has been completly gutted by cowardice, narcissism, and stupidity.  Nothing will change until we go head first over the precipice.

Even the forest needs a good fire once in a while to burn out all the dead and rotten wood.  It will happen in the U.S. very soon, and i think when we finally emerge, it will be beautiful. 

Mon, 10/19/2015 - 20:47 | 6687667 blue51
blue51's picture

SuperRay, you nailed it . I'd show up for THAT work detail .

 

Mon, 10/19/2015 - 20:50 | 6687677 AMPALANCE
AMPALANCE's picture

I'm pretty sure you will know by the end of "Federal Reserve" whether to drop the hammer. A whole lot of useless spoiled entitled arrogant subhumans developed because of the Bankers credit bubble. If it is a catastrophic collapse.

Mon, 10/19/2015 - 21:15 | 6687768 Slomotrainwreck
Slomotrainwreck's picture

Legislators have too much power. Period!

excuse me, exclamation mark.

Tue, 10/20/2015 - 00:32 | 6688277 goldsansstandard
goldsansstandard's picture

"It's like stealin the bread without breakin the crust"

Pam Pam

Radio host on radio KPOO, when she interviewed me during my run against Pelosi. She got it.BTW, She put her body between rival gangs in Hunters Point.

Mon, 10/19/2015 - 20:28 | 6687519 world_debt_slave
world_debt_slave's picture

yep, I wrote RP in the last two presidential elections

Mon, 10/19/2015 - 23:10 | 6688103 AMPALANCE
AMPALANCE's picture

Might as well have wrote it on a gum wrapper and tossed it out the window, just as many people would have seen it.

Mon, 10/19/2015 - 20:16 | 6687542 samsara
samsara's picture

Yes,

The Best President America Never Had

and the crowd said " give us barnabas"

Mon, 10/19/2015 - 20:32 | 6687613 cigarEngineer
cigarEngineer's picture

The discussion has been hijacked by those who posit that we should have a president at all.

They take it for granted that we need a president; the discussion, instead, should be whether we really need a president.

Mon, 10/19/2015 - 22:39 | 6688024 Meat Hammer
Meat Hammer's picture

There it is! I like the way you think, cigarEngineer. It's high time people stop believing that a free country needs a leader.

Mon, 10/19/2015 - 23:01 | 6688079 Demdere
Demdere's picture

I wildly agree with both of you, but wait to change horses until we have put our gov back inside the Constitutional box.  Then we repeal all the laws back to 1776, and wait 20 years while things sort themselves out.  At that point, we can decide on the horse.

Any other path, I think, will keep the kleptocrats in power years longer, make the fall longer.

Mon, 10/19/2015 - 23:59 | 6688204 cigarEngineer
cigarEngineer's picture

Congress is an anachronism from a time where you had to take a stagecoach for days to reach the Capitol to discuss issues.

Today, these discussions happen in real-time, and each person can represent him- or herself. It is far easier to corrupt and pay off one person who represents a million votes, than it is to pay-off and corrupt a million voters.

Furthermore, as a response to people who argue that "people don't have the time and therefore elect representatives" — fine: each person is free to entrust with a voting-"power-of-attorney" to an organization that most closely follows his views. No more gerrymandering and disenfranchising large portions of the population. See? We're all on the same side here. 

Tue, 10/20/2015 - 00:47 | 6688302 StychoKiller
StychoKiller's picture

Sorry, but "Tyranny of the Majority" is no way to run a country.

Tue, 10/20/2015 - 04:16 | 6688497 conscious being
conscious being's picture

It has been proven over and over again, the last time in Kiev, that the Banksters and their captured mecia are adept at rousing out the mob, to the detriment of every sane and peaceful person.

Mon, 10/19/2015 - 23:32 | 6688150 MPS4
MPS4's picture

Did you mean "give us Barabbas?"

Tue, 10/20/2015 - 00:49 | 6688306 StychoKiller
StychoKiller's picture

Maybe (s)he meant   "Barnaby!"

Mon, 10/19/2015 - 19:36 | 6687347 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

" I'm the man that broke the bank of Monte Carlo. "

 

Lawrence of Arabia

Mon, 10/19/2015 - 19:44 | 6687357 Meat Hammer
Meat Hammer's picture

If the Fed's days are numbered it's only because a new and even more horrible form of fascism awaits us.

Mon, 10/19/2015 - 20:13 | 6687524 Squid-puppets a...
Squid-puppets a-go-go's picture

yerssss, a misanthropic toxic phoenix that will rise from sewerage rather than flame

Mon, 10/19/2015 - 20:22 | 6687566 lostintheflood
lostintheflood's picture

If the Fed's days are numbered it's only because a new and even more horrible form of facism awaits us.

ah, meat...we can always count on you!

Mon, 10/19/2015 - 20:25 | 6687582 arby63
arby63's picture

The next version of this experience will involve a LOT of VIOLENCE. It's coming.......damn near by accident.

Mon, 10/19/2015 - 20:46 | 6687660 jcdenton
jcdenton's picture

Is this a fact, or just your belief? According to people like you, there is no such thing as good news? There are no solutions. Only grief, sorrow, and misery? Is it time to immanetize the eschaton?

I don't know what worse could be coming, except to imagine yourself a Stalker in Half-life 2. Similar happened to the Northern Kingdom under the Assyrian. That is before they were completely exterminated. Is that what you hope for? If not, then how do you personally expect to escape it all? Create your very own wormhole to wherever?

This kind of fear porn is not at all constructive. The following is ..

https://app.box.com/s/hfgvcqg7gqh7i27at6sv53ywu87lwarp (Read Me First)

When a certain group of people plan. Plan decades in advance. Decades to exact a result in order to prevent a larger disastrous result. History generally agrees that they will be successful. That humans are successful. Unless that some inhuman force intervenes to prevent it ..

Which side of history are you going to be on?

Mon, 10/19/2015 - 23:05 | 6688085 Demdere
Demdere's picture

There is no 'the future'.  We make the future.  The internet changes everything, I am amazed by the speed of change.  My newest thought says they are losing the propaganda war, and know it.

https://thinkpatriot.wordpress.com/2015/10/20/lebowski-enlightenment-7/

Mon, 10/19/2015 - 19:41 | 6687370 Seasmoke
Seasmoke's picture

WELL WHAT THE FUCK IS TAKING SO LONG !!!!!

Mon, 10/19/2015 - 19:54 | 6687432 negative rates
negative rates's picture

It's all that new math and now she's upside down on a trade.

Tue, 10/20/2015 - 07:00 | 6688627 Pumpkin
Pumpkin's picture

It's like the paint is getting wetter.

Mon, 10/19/2015 - 19:41 | 6687371 A Lunatic
A Lunatic's picture

Once the Republicans regain control the FED will be audited and ended........

 

 

Mon, 10/19/2015 - 19:49 | 6687409 TongueStun
TongueStun's picture

For the sake of any animals or small children that may be in your home, I hope that is sarcasm.

Mon, 10/19/2015 - 19:55 | 6687438 Beam Me Up Scotty
Beam Me Up Scotty's picture

Just like when the Republicans take contol we will get:

1. A balanced budget

2. Term limits

3. lower taxes

4. smaller government

5. less government waste

etc. etc.

None of which came to pass when they DID have both houses and W. was president.  Instead, they acted just like fucking LIBERALS!

Mon, 10/19/2015 - 20:01 | 6687476 A Lunatic
A Lunatic's picture

They repealed Obamacare too. How could you overlook such a crowning achievement.....?!

Mon, 10/19/2015 - 20:06 | 6687491 Meat Hammer
Meat Hammer's picture

A statist is a statist is a statist.

Mon, 10/19/2015 - 23:31 | 6688144 greenskeeper carl
greenskeeper carl's picture

indeed. and none of those statists want anything other than a large, intrusive government. Republicans aren't upset about the state of affairs, they just don't like not being in charge of it.

 

And it can't be overstated- last time the R team had complete control, can anyone name anything postive that came out of it? any kind of legislation that rolled back the welfare state or the warfare state? nope, they had a chance and did just what any thinking person should expect them to do- keep spending, keep ratcheting up government.

Mon, 10/19/2015 - 20:22 | 6687568 arby63
arby63's picture

Ugh. Yes.

Mon, 10/19/2015 - 20:24 | 6687576 lostintheflood
lostintheflood's picture

None of which came to pass when they DID have both houses and W. was president.  Instead, they acted just like fucking LIBERALS!

because they are all the fucking same!  there are no liberals or conservatives...there is only bought politicians...  they're just successfully turning us against each other...what is it you don't get about that?

Mon, 10/19/2015 - 19:50 | 6687415 Crocodile
Crocodile's picture

That is sarcasm; right?!

Mon, 10/19/2015 - 20:21 | 6687564 arby63
arby63's picture

Hold some hope bro

Mon, 10/19/2015 - 20:21 | 6687562 arby63
arby63's picture

Could happen (maybe and not holding my breath yet) with Trump. Not ended necessarily BUT audited.

Mon, 10/19/2015 - 21:08 | 6687750 BringOnTheAsteroid
BringOnTheAsteroid's picture

From the perspective of the Fed members they can't be audited because they have been breaking the law.

They would destroy the system in order to cover up the crimes before they got audited.

Mon, 10/19/2015 - 20:55 | 6687694 jmeyer
jmeyer's picture

Don't hold your breath.

Mon, 10/19/2015 - 19:47 | 6687372 Mr Poopra
Mr Poopra's picture

I'm not worried about the Fed being eventually dissolved.  I'm worried about the new global system they will try to replace it with, likely more tyrannical than we can imagine.  Paying a portion of our production in income taxes makes every living person not within the criminal system a serf.  We claim capitalism yet we don't even actually own our property.  Try not paying property taxes to find out who the true owner is.

We have to restore the power of money creation to the Treasury.  This is the single most important political goal and should be done by any means necessary and at any cost.  Should even most of the world perish in this cause, it will be worth it, as we will start again...only this time free.  Failure to do so may sentence the entire human race to centuries of enslavement.

Mon, 10/19/2015 - 19:51 | 6687419 boooyaaaah
boooyaaaah's picture

Good job Mr Poopra

Mon, 10/19/2015 - 19:58 | 6687458 Beam Me Up Scotty
Beam Me Up Scotty's picture

Do you honestly think your representatives in congress would act any differently than the Fed?  They would print money to infinity too.  Unless there is some sort of mechanism to prevent that---a gold standard----you can't bet your starry eyes that the "treasury" would make all the money they need too.

Mon, 10/19/2015 - 20:09 | 6687502 Mr Poopra
Mr Poopra's picture

A return to a gold or commodity standard goes without saying if the Treasury would assume control again.

Also i would recommend any attempt at shifting money creation into private hands as an act of treason.  Anyone caught should be shot like a dog, maybe after some sort of public humiliation.  We can get creative here, guys.

 

Mon, 10/19/2015 - 20:28 | 6687594 cigarEngineer
cigarEngineer's picture

You are wrong in advocating violence against those who create money privately.

Allow people to use whatever money they want. If I want to make CigarBucks, you are free to not accept them.

That is what will lead sound money to prosper: notes issued by the best-collaterized private banks will flourish and gain acceptance. A loss of confidence in the collateral will lead to fewer people accepting them as payment and their value will similarly decline.

Please, think for yourself and think carefully.

Mon, 10/19/2015 - 20:48 | 6687669 Billy the Poet
Billy the Poet's picture

Ron Paul agrees. Competing currencies.

Mon, 10/19/2015 - 21:05 | 6687690 Mr Poopra
Mr Poopra's picture

I did not advocate violence against those who create money privately.  I advocate violence against those that commandeer supposed public institutions and, with deception and coercion, convince the populace that they still serve them when in reality they are now criminal enterprises that enrich their members by relegating our children to perpetual debt slavery or killed or maimed in their wars.

I think this is an obvious distinction.  

Mon, 10/19/2015 - 20:19 | 6687557 arby63
arby63's picture

One difference may make a difference: I was getting coffee at a Circle K last week and my represenative was there. We spoke for a minute. I scared him so he left. It was still somewhat cordial. He was there though. He doesn't have the money to be just "anywhere" like some of the other scum.

Mon, 10/19/2015 - 20:58 | 6687709 jmeyer
jmeyer's picture

It's too late for a gold standard.

Mon, 10/19/2015 - 23:08 | 6688092 Demdere
Demdere's picture

Anything we choose.  For me, gold, not a gold standard.

Mon, 10/19/2015 - 20:17 | 6687552 arby63
arby63's picture

Indeed. It may not be a pretty road but you are 100% correct. I am fed up and the rent is up as well. 

Mon, 10/19/2015 - 20:56 | 6687699 jmeyer
jmeyer's picture

The power of money creation rests with the PEOPLE.

Mon, 10/19/2015 - 19:46 | 6687398 boooyaaaah
boooyaaaah's picture

Yes

Debt is the issue 

Read Lords of finance

The Central bankers could not handle the debt of WW1

And the Central bankers cant handle the Socialist debt of 1965-2015

 

 

But Ron,

You offer no solution but bringing on the deflation of the Millennium 

Going to gold did not help the people, but only the bankers

The reason being , according  to Lords Of Finance?

You dont spend Gold. You convert your currency to Gold

And, when you do that you have a currency war as they did in 1931-33

Beggar thy neighbor

 

And the neighbor that was most beggared was Germany

They turned to you know who. A final solution -- I dont think sooooo.

Mon, 10/19/2015 - 19:57 | 6687440 TongueStun
TongueStun's picture

Deflation = Bust, Inflation = Boom...It's called a cycle in a real free market economy. You can't have one without the other, except in a Keynesian CrackPipe Dream which is what our economy currently is.

Mon, 10/19/2015 - 20:13 | 6687525 herkomilchen
herkomilchen's picture

The business cycle is created by Keynesian manipulations of the money supply and interest rates.  A free market economy does not have booms and busts.

Mon, 10/19/2015 - 20:30 | 6687605 cigarEngineer
cigarEngineer's picture

A free-market economy does have booms and busts, but they are much smaller than the monsters of the last 100 years.

These "booms and busts" are caused by imperfect information. However, there is nothing wrong with them, as they are a necessary element of solving the "price problem."

Tue, 10/20/2015 - 12:14 | 6689775 herkomilchen
herkomilchen's picture

One-way price movement up or down responding to new information is not a boom or bust.  It's a permanent adjustment.  A boom or bust in the way we speak of it here is an unsustainable, artificial, temporary up or down in defiance of fundamentals in response to governmental manipulation of the economy.

Mon, 10/19/2015 - 21:01 | 6687725 jmeyer
jmeyer's picture

A free market economy has just as many, if not more, booms and busts, some severe.

Tue, 10/20/2015 - 12:17 | 6689793 herkomilchen
herkomilchen's picture

If you think that, then you have a lot of company with Keynesian mainstream economists who agree with you and use that as their basis to intervene in the economy.  Fix the market because it's inherently broken.  Presumably you must be very happy with the current state of affairs.

Tue, 10/20/2015 - 23:06 | 6692711 spqrusa
spqrusa's picture

A free market is usually rife with Fraud. This is the whole reason that during the Free Banking Era that there were so many booms and busts. The point of regulatory capture was to reign in the "bad actors" but it back-fired and now the captured and "captives" are running the show with their own games of fraud and abuse.

Mon, 10/19/2015 - 20:14 | 6687533 Ghost of Robotrader
Ghost of Robotrader's picture

It is a good point.  Why bring on the pain now?  If deflation and crash is inevitable why not prolong it as long as possible?   

Mon, 10/19/2015 - 22:27 | 6687994 natxlaw
natxlaw's picture

There will be a crash but no deflation. The only weapon left is helicopter money. You've seen apache gunship money, now get ready for Chinook money.

Tue, 10/20/2015 - 06:33 | 6688591 PirateOfBaltimore
PirateOfBaltimore's picture

And if that doesn't work expect a C-130 Spectre gunship, howitzering greenbacks onto the populace with extreme prejudice.

Mon, 10/19/2015 - 21:43 | 6687881 tarabel
tarabel's picture

 

 

They say that history is written by the winners and the "Lords of Finance" as you call them were clearly the Depression's winners. This makes me re-examine the whole Smoot-Hawley narrative, or at least question whether it is still valid in an obviously different era. 

Mon, 10/19/2015 - 19:55 | 6687443 fowlerja
fowlerja's picture

The "too big to fail" banks are on life support from the "too big to fail" US central bank or FED. I am fed up with the whole situation.

Mon, 10/19/2015 - 20:11 | 6687514 Ghost of Robotrader
Ghost of Robotrader's picture

It might work out.  Obviously ZIRP this long is intensive care for the economy.  Who is to say this crazy plan can't work?  

Mon, 10/19/2015 - 20:51 | 6687679 Billy the Poet
Billy the Poet's picture

ZIRP is intensive care for the parasites which infect the economy.

Mon, 10/19/2015 - 21:03 | 6687731 jmeyer
jmeyer's picture

Solution : nationalize the Fed.

Mon, 10/19/2015 - 21:41 | 6687874 tarabel
tarabel's picture

 

 

Alternate, better solution.

Default now.

Say fuck you to everyone who has plundered America for the last 100 years and has the laundered T-bills to prove it.

Say hello to instant balanced budget.

Say goodbye to everyone who came to America for free shit.

Say we'll get through this together as the shattered families reunite in order to help everyone make it through the time of disruption and realization that the promises were never going to be honored anyhow.

 

Tue, 10/20/2015 - 06:36 | 6688597 PirateOfBaltimore
PirateOfBaltimore's picture

that requires truth, honesty, and courage.  three things you'll hear about politicians in the media, but never see manifested in the real world.

Mon, 10/19/2015 - 20:11 | 6687515 world_debt_slave
world_debt_slave's picture

been numbered for a 100 years now

Mon, 10/19/2015 - 20:15 | 6687537 arby63
arby63's picture

Finished is the best way to categorize our current plight. Got that Janet? You're finished and we're finished. We can hide. You cannot. 

Mon, 10/19/2015 - 21:04 | 6687738 jmeyer
jmeyer's picture

Neither of you can hide.

Mon, 10/19/2015 - 20:47 | 6687665 TheObsoleteMan
TheObsoleteMan's picture

I like Dr. Paul and enjoy reading and listening to him, but of this I am convinced: The Liberty and Truth movement is in disparate need of a leader to carry the message from here out, and it will NOT be Dr.Paul. The movement needs someone with fire in their belly and who can reach young people in ways Dr. Paul failed to do. While he has the message, he lacks many important leadership qualities. He comes across as that soft grandpa that will let you get away with anything.

Mon, 10/19/2015 - 20:57 | 6687704 Billy the Poet
Billy the Poet's picture

Ron Paul received a plurality of the youth vote and drew massive crowds on college campuses.

 

Ron Paul UCLA Rally 2012

https://www.youtube.com/watch?v=E5TeneSysiw

 

6000+ People Wait for Ron Paul @ CSUF

https://www.youtube.com/watch?v=LgTYQu7VSxM

Mon, 10/19/2015 - 21:06 | 6687745 jmeyer
jmeyer's picture

That's because he's for legalization of maryjane on a national scale

Mon, 10/19/2015 - 22:04 | 6687943 Billy the Poet
Billy the Poet's picture

Actually, he says leave it up to the states.

Tue, 10/20/2015 - 03:45 | 6688470 Exalt
Exalt's picture

And that would be a bad thing because?

Mon, 10/19/2015 - 21:19 | 6687786 Blankone
Blankone's picture

Ron Paul has shown his true colors,  He is now a pimp for an investment firm making commercials for them on TV. 

He never called out the true problem with the fed.  That it is privately owned and controlled for the profit of a select group of people.  He did not use his position to broadcast loudly what tribe controlled the fed, the IRS, held dual citizenship with a certain country, kept getting appointed to key govt positions, etc..

Ron Paul never, at least to my knowledge, used his position to make his followers know that 911 was a staged event and defied engineering principles.

Ron Paul never called out his own son as a traitor to the people.

Audit the Fed?  When things crumble more will demand it.  After delays they will likely get it.  And those who own the FED will see to it they control the audit throught their puppets. 

Mon, 10/19/2015 - 21:21 | 6687795 DocBarter
DocBarter's picture

He is right. Paul was and is a half measure.

Tue, 10/20/2015 - 04:33 | 6688513 dreadnaught
dreadnaught's picture

Ron Paul is a distinguished Gentleman.....the type not welcomed in high power politics

Mon, 10/19/2015 - 20:55 | 6687696 DocBarter
DocBarter's picture

Ron Paul should retire. He sounds like a  broken record.

Mon, 10/19/2015 - 21:00 | 6687715 Billy the Poet
Billy the Poet's picture

You should retire. No one of employment age even knows what a broken record is any more -- is any more -- is any more.

Mon, 10/19/2015 - 21:35 | 6687852 tarabel
tarabel's picture

 

 

Much as I dislike him, Dan Rather tells an interesting story about his first job in radio at a religious station in small-town Texas.

At lunchtime, he would put on an LP from some famous pastor and then drive down the street to get a hamburger and make time with the waitress.

One day, while eating lunch, his boss, the station owner, drives up and says: "Son, have you been listening to my radio station?"

Right after Rather left for lunch the record skipped and kept broadcasting "Go to Hell ... Go to Hell... Go to Hell..."

Mon, 10/19/2015 - 21:47 | 6687895 tarabel
tarabel's picture

 

 

It's very sad to think that an old ex-Congressman may be the last person in the government who actually read, much less understood, the Constitution.

Sadder still that he is pilloried as an unrealistic dreamer and a bit of a crackpot.

If there is one man in America whom I would risk empowering as a modern-day Cincinnatus, it would be him.

My thanks to you for what you have done, and what you have tried to do, Doctor Paul. May God run with you always.

Mon, 10/19/2015 - 23:08 | 6688093 Sam.Spade
Sam.Spade's picture

You're a shill for the bankers, right?  Because nobody else would suggest such a stupid idea.  After all, it's also the bankster's fall-back position.  Because if all we do is we do is move the central bank from pribate ownership to public, they will just buy control of it.   Haven't you heard of regulatory capture?

There is only one way we can regain our freedom:  End banker's games.  That means no more money printing by anyone and no more fractional reserve lending. Period.

Tue, 10/20/2015 - 03:49 | 6688475 Panic Mode
Panic Mode's picture

Ermm..... I don't think we will see the Fed' date is numbered. The shit will just keep going as human stupidiity is infinite. More likely the collapse will be triggered by a global war or hitting by asteroid.

Tue, 10/20/2015 - 06:57 | 6688621 frank H
frank H's picture

If you want to understand macroeconomics better than 99% of all PhDs just read these two articles (mine):

The economy is not a car and itnerst rates are not the gas petal!

 

https://mises.ca/posts/articles/confusion-about-interest-rates-part-1/

 

https://mises.ca/posts/articles/confusions-about-interest-rates-part-2/

 

Do NOT follow this link or you will be banned from the site!