Nilgiri
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- Aug 4, 2015
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gosh. the conspiracy theory is deep in here @Syed.Ali.Haider @Nilgiri
More miss than hit (his post, my eyes glossed over...but I noticed a few markers that I have researched myself), but I do have several specific issues with the Fed (the most important thing he brought up).
They are a private bank that represent private banking interests, that dictate US monetary policy (each year they instruct the US treasury aka the US govt how much money to print...there is no direct congressional oversight).
I don't subscribe to the idea there is a specific illuminati banking cartel or whatever....just that as long as US private banks align with US national interests....there is progress (or at least status quo)....and when they dont, serious structural issues develop (like have developed since the end of the cold war and even as far back as the Vietnam war....the most serious of which are the stagnant real median wage and labour participation rate).