XPost: alt.fan.rush-limbaugh, alt.politics.usa.republican, sac.politics   
   XPost: talk.politics.guns   
   From: trumplestine@gmail.com   
      
   On 20 Oct 2021, RichA  posted some   
   news:skp49g$btm$99@news.dns-netz.com:   
      
   > Joe is a liar, a thief and a pedo.   
      
   It’s the Fed, Joe!   
      
   Back in May, President Biden accused greedy corporations of causing   
   inflation by not paying their “fair share”. Before that he blamed rising   
   food and fuel costs on Russia, calling it “Putin’s price hike”. But people   
   who understand the way money and business work know that the soaring   
   inflation and rising prices have nothing to do with greedy corporations or   
   Russian presidents.   
      
   The Federal Reserve’s monetary policy, which is mainly focused on   
   controlling the money supply, can have a significant impact on inflation,   
   and by extension a significant impact on our everyday lives. When the Fed   
   pumps more money into the economy through its various tools, it increases   
   the money supply and causes prices to rise, leading to inflation. This   
   increase in prices means that purchasing power decreases and people’s   
   financial situations can worsen over time. Inflation also erodes the value   
   of savings, resulting in lower real returns on investments and reduced   
   purchasing power for those who have saved. Moreover, inflation can cause a   
   currency devaluation which further reduces the purchasing power of   
   consumers.   
      
   In addition to impacting people’s personal finances, inflation from   
   Federal Reserve policy can also be felt in the larger economy. Businesses   
   face higher costs, leading to less competitive prices and fewer jobs. This   
   creates a drag on economic growth and causes wages to stagnate as   
   employers are unable to pay their workers more due to rising costs.   
   Moreover, when inflation is too high, it can encourage people to hoard   
   cash or invest in assets rather than spending money and driving economic   
   activity, further slowing the economy.   
      
   It is false to blame “greedy” corporations for higher prices, as this   
   implies that they are purposefully taking advantage of consumers by   
   raising their prices. In reality, it is the Federal Reserve’s monetary   
   policy which causes inflation and leads to higher prices. When the Fed   
   pumps money into the economy, it increases the money supply and causes   
   prices to rise. This increase in prices means that purchasing power   
   decreases and people’s financial situations can worsen over time.   
   Moreover, businesses face higher costs due to inflation, leading them to   
   charge more for their products and services in order to make up the   
   difference in cost.   
      
   Quantitative easing (QE) is a monetary policy tool used by central banks   
   to increase the money supply in the economy. This is done by purchasing   
   assets such as government bonds or mortgage-backed securities from   
   dealers, thereby increasing liquidity and reducing borrowing costs. QE is   
   typically used by central banks to stimulate the economy when traditional   
   tools, such as lowering interest rates, have failed to do so. Sometimes,   
   like in 2020, the government simply prints a whole bunch of money to offer   
   cash payments to businesses and individuals.   
      
   However, QE also has some potential drawbacks. By increasing the money   
   supply, it increases the risk of inflation which can erode people’s   
   purchasing power over time. Additionally, there is a risk that QE could   
   lead to asset bubbles if prices become overinflated due to the increased   
   money supply, like what we saw in 2008, and what we are seeing again now.   
      
   So why do people like Joe Biden get away with blaming inflation and   
   soaring prices on “greed”? Because they’re depending on people not knowing   
   the real history of money, and the real power of the Federal Reserve. The   
   Tuttle Twins and the Creature from Jekyll Island teaches kids (and   
   parents!) the true history of our money, and tells the story of the secret   
   meeting by wealthy bankers and powerful politicians that changed the   
   course of American monetary policy and impacted our financial security   
   forever.   
      
   Joe Biden and others like him are dependent on an ignorant population to   
   accept their blame-shifting away from the Fed and toward whatever   
   boogeyman they can dream up at the time. Teach your kids the truth, and   
   they won’t be fooled by politicians and pundits and their strawmen.   
      
      
   [continued in next message]   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)