"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."~Thomas Jefferson
What did he mean by this?
Owen Martin
Jayden Baker
cringe
James Thompson
imagine making $15 an hour lol
Ryan White
15x4=
Robert Phillips
Dafuq is cringe about it
Tyler Martin
spot the jew
Zachary Evans
goyim, just stop lol
Ryder Ortiz
In Germany we have a currency museum and there is a sign in it saying that all currencies go to zero over time. Saw this 8 years ago, so I have no source anymore.
Charles Diaz
>first by inflation
>then by deflation
What a dumbass
Luis Green
By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
John Maynard Keynes
Inflation is taxation without legislation.
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.
Milton Friedman
Whoever controls the volume of money in our country is absolute master of all industry and commerce...when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.
James A. Garfield
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
Ernest Hemingway
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.
Vladimir Lenin
The lesson is clear. Inflation devalues us all.
Margaret Thatcher
Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
Ronald Reagan
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
Alan Greenspan
Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.
Sam Ewing
The best way to destroy the capitalist system is to debauch the currency.
Vladimir Lenin
kiss my ass faggot
Elijah Ward
>The issuing power should be taken from the banks and restored to the people
...which is exactly what we did. Private banks aren't allowed to issue their own currency like they used to be able to. You don't have WellsFargobux or ChaseDollars. All currency is issued by the government.
Michael Johnson
>My ancestors actions result, TO THIS VERY FUCKING DAY, in the display of his head on Federal Reserve notes like a fucking big game trophy
I smile every time I think of it.
You cattle will accept your fucking place in this world.
Henry Gomez
60 cents an hour
$4.80 a day
$24.00 a week
David Sanchez
The more ironic one is having Jackson on FRNs.
Julian Young
Whoops! Jackson was indeed who I was referring too. I'm unsure how "Andrew Jackson" was inferred from Thomas fucking Jefferson, but two bottles of Chilean Merlot will do that to you...
Ah, well.
Jacob Reed
Benjamin Rogers
>Private banks aren't allowed to issue their own currency
What is the Federal Reserve?
Jack Lee
He meant fuck banks and fuck bankers.
Brayden Lee
Jose Johnson
The Federal Reserve is a system composed of private member banks and a governing body chosen by the government. You're a tard if you think it's a private bank.
Chase Flores
It's a private bank owned by shareholders and our government isn't even allowed to step foot in it. If you don't even know that much then you should lurk moar before posting here newfag.
John Perez
You're factually wrong.
James Bailey
>You're factually wrong.
Adrian Flores
What is owned by shareholders are regional federal reserve banks (e.g. New York, Atlanta), and the shareholders are the member banks for that region. They are required to purchase those shares by law and receive a fixed dividend in exchange. The fun part though is that regional federal reserve banks have to operate according to overall Fed policy, which is determined by the Board of Governors who are appointed by the President and confirmed by the Senate.
Jason Gonzalez
you're engaging retards with wojak pngs, man
just let it go
Oliver Walker
>The have to obey federal regulations so the government owns them
Angel Flores
>things that are controlled by the government aren't controlled by the government
Confirmed retard.
William Barnes
Private businesses have to obey regulations and businesses that are owned by shareholders are corporations. You need to be 18 to post here.
Jose Murphy
Show me the federally appointed board of governors that controls Starbucks.
Logan Thomas
Cooper Kelly
means u buy buttcoin
Alexander Russell
>If the government decided the CEO of Starbucks they wouldn't be a privately owned corporation
Jason Nelson
Right, they wouldn't be. Part of being a privately owned corporation is that the shareholders pick the board.
Nathan Hall
>begin the chart during a wartime peak when every european and imperial currency is in the dumpster
Connor Murphy
The shareholders own it. If you own 51% of the shares you have majority rule and you have the last say about everything. Why are you so gay?
William Miller
> If you own 51% of the shares you have majority rule and you have the last say about everything.
Right, that's the way it works in a privately owned corporation. That isn't the way it works with the Fed.
>Why are you so gay?
You ate paint chips as a child, didn't you?
Angel Price
Enlighten me newfag. Who controls our monetary policy?
Aiden Rogers
The Fed, which is an independent government agency.
Easton Butler
He meant ,"buy silver you faggots".
Juan Brooks
>is an independent government agency
What does that mean?
Adrian Moore
Lol retard
Thomas Barnes
It means it operates independently but is ultimately accountable to Congress.
Easton Walker
no u
Gavin Smith
Jfc you are truly dumb
Hudson Taylor
no u
Robert Sanchez
It can be somewhat reversed, I have a secret.
Benjamin Morales
You really are. Not because you're ignorant on the subject but because you don't know better than to act like you aren't. The federal government doesn't own the Fed. The Fed owns the federal government. 1/3rd of our national debt is owed to them.
Matthew Cook
Housing is not an asset; it is a liability. Market value is derived and manipulation versus quantitative math. Vehicles have normal depreciation due to lifecycle so should housing.
Kevin Watson
>It means it operates independently but is ultimately accountable to Congress.
Brandon Diaz
Jordan Scott
It’s a quasi government institution meaning a private corporation with government powers...
Jaxon Flores
Sorry, but you're the idiot here. The Fed holds a lot of government bonds from its open market operations. What happens is that the Treasury pays the Fed when it makes payments on those bonds and then the Fed remits excess earnings (as in, the amount after they pay their operating costs and pay their fixed dividends) back to the Treasury. Amusingly enough, the Treasury actually gets a net profit from this exchange during many years.
There's also, you know, that little part where Congress could simply dissolve the Fed if they wanted to.
Adrian Flores
>Private banks aren't allowed to issue their own currency like they used to be able to.
>People put paper money at the bank
>they don't take all the paper money at the same time
>the bank can get this paper money from person X and loan it to person Y
>Get the bank account of the owner of the bank account of the bank itself and increase this amount by Z dollars.
>Its free to spend those Z dollars (because there will be always Z dollars there to be spend) in anyway he want.
>Those Z dollars is money he wont need to buy/acquire to use and the ones he send the money to wont need to buy/acquire it to use
>less people buying it means people will need to reduce the price of the dollars they are selling
>dollar is now worth less.
Elijah Flores
Good job, you've heard of fractional reserve banking. Now go learn history and see that once upon a time private banks were literally issuing their own currencies. Imagine the Forex market but from town to town instead of country to country.
Cameron Price
There should be some prerequisites to internet, really.
This level of ignorance is spectacular:
You do have internet access, you do start a thread about Bernanke holding the lever on the Interest switch, and you do not know that Federal Reserve System is launched by US Government to maintain the US Dollar as per the economical theories of capitalism?
To every American in this thread, I feel sorry that you have to bear the burden of this guy consuming up your resources.
Eli Parker
The fun part is asking them if you can perform an audit.
Kayden Peterson
Show flag
Lucas Thomas
The Fed is audited on a regular basis. The "audit the fed" push is a deceptively named bill to give Congress more direct control over Fed decisions, which goes against the entire purpose of having the Fed in the first place.
Jayden Edwards
To answer your question;
Value of a currency is directly connected to the goods that it is associated with.
In order for US Dollar to worth more, citizens of the United States should produce more valuable products and export it.
Federal Reserve System is responsible for predicting and maintaining this "Economical expansion" so that US Dollar is able to keep up with the rest of the world in Production.
Cooper Lee
TJ was referring to the size of the fiat currency supply, and that's exactly how you confiscate the assets of an entire nation, through repeated boom and bust cycles. You call it "the business cycle" and act like it's normal and inevitable.
Nicholas Parker
False. The Fed refuses to disclose which banks use the window, and refuses to identify it's shareholders.
Benjamin Young
Fed shareholders are the member banks. You can find the list of member banks for each region on their websites.
Anthony Watson
people are dumb apes and would inflate the dollar by 1000x, making it meaningless. at least with the fed, it's meaningless over a longer period of time
Austin White
>Value of a currency is directly connected to the goods that it is associated with.
Jack Powell
>Good job, you've heard of fractional reserve banking. Now go learn history and see that once upon a time private banks were literally issuing their own currencies. Imagine the Forex market but from town to town instead of country to country.
What I said is basically issuing money