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End the Fed (and minimum wage laws) to rebalance the economy

12.05.2014 08:25

​The US economy is trapped between two economic barriers that effectively are whittling away America's global dominance: the Federal Reserve Bank and the minimum wage laws.

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Comments (20) Sort by: Highest rating Oldest first Newest first

 

DoAskDoTell 18.05.2014 08:19

End the Fed Regime (free money printing press for the "insiders" , Apartheid Wall of interest rates, finance Rentiers Over all human activities, EXPONENTIAL GROWTH of interest upon interest, Incomprehensible Derivatives Casino, Goldman Sachs et al War on both Sides Fundings, all markets rigging for the Insiders, pyramids un-dead money choking our ecology/rat race to the bottom, mis-pricing of real value of labor, resources for ARTIFICIAL scarcity/surplus, dismantling of our Internet Common...)

Less wastes is our future. Clean up your own acts.
Grow up, get united & active, Or die already!

 

David Smith 18.05.2014 05:48

Tell the fed to f off and link the US dollar to real things gold silver copper diamonds oil natural gas etc. We need to keep paying our debts to other nations so that the global economy stays afloat.. but what is the fed going to do if we stop paying them? Invade us with old white rich men?

 

yggdrasil 15.05.2014 08:49

[quote name='Jacob Marten' time='15.05.2014 01:01']

That's what most first world countries aim for, and it works pretty well for them.

[/quo te]

Iceland doesn't let anyone stay until they have a position a skilled immigrant can fill.. that should make Iceland the best first world country? (they are also energy independant,and have real money),, just sayin the list is small

 

Jacob Marten 15.05.2014 01:01

Weaver 14.05.2014 06:21


Ron Unz's proposal of a high minimum wage is meant to be tied to immigration: only those who could find jobs at high wages would be welcomed in. It's not my ideal, but it makes more sense than the current system.

  


That's what most first world countries aim for, and it works pretty well for them.

 

Weaver 14.05.2014 06:31

[quote name='billking6666' time='12.05.2014 18:18']The article is wrong in advocating higher interest rates. High rates siphon wealth from those who have to borrow for homes and cars, then funnel it into the pockets of the 1%. Minimum wage hike yes. Abolish Fed yes. Keep rates where they are and feed the economy the same way FDR did. Tax the rich and create good jobs with the money, without privatization.[/quot e]

Ideally people would borrow minimally for consumption.

Usury is very harmful, even at low interest rates. A lender doesn't do a borrower a favour if more than is necessary is spent.

 

Weaver 14.05.2014 06:27

yggdrasil 12.05.2014 10:51

take fiat money out of the equation, mom+pop business will come back with love!

  


Wal-Mart put the mom and pop's out of business also. Wal-Mart sells mostly foreign made goods. I get a chuckle seeing Amazon steal Wal-Mart's market share today.

 

Weaver 14.05.2014 06:21

The US is flooded with massive immigration of unskilled workers, and yet the jobs that support a middle class require more training. Supply and demand: there are too many people, too much welfare, too many highly inefficient government jobs.

And yes, the Federal Reserve Bank is a major problem as well. The trade deficit is another issue.

Ron Unz's proposal of a high minimum wage is meant to be tied to immigration: only those who could find jobs at high wages would be welcomed in. It's not my ideal, but it makes more sense than the current system.

 

FounderChurch 13.05.2014 07:18

Americans are combining the worst aspects of both Communism and Capitalism, expressed as bad management of the nation's affairs.

 

John M. Wadsworth 12.05.2014 21:16

tblizz 12.05.2014 15:06

Fed reserve notes are simply statements of debt owed to those private bankers which were unlawfully made U.S. legal tender by a bought-off congress.

  


Al l money in the world is debt money. That is the nature of fiat currency. None of it has any intrinsic value, and none of it is backed by precious metal or some other valuable commodity. No Country has the precious metals to make their currency convertible on even a bullion standard like the Brits used to have.

Curre ncy serves only as an exchange commodity, and its value depends on its demand.

 

John M. Wadsworth 12.05.2014 21:09

Frank Wolstencroft 12.05.2014 20:28

"Give me control of a nation's money supply and I care not who makes its laws.' Who said that ?

  


A llegedly, one of the Rothschilds.

Frank Wolstencroft 12.05.2014 20:28

The money supply should be the sole prerogative of the US Treasury.

  


That's absolutely right. The Constitution gives Congress the power to emit bills of credit and to coin currency. It doesn't permit Congress to delegate these powers to a private agency, and especially without oversight. It's been madness to give the FRB a free hand.

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