Posts by coastaldrifter10

goldengull3 said:The Federal Reserve doesn't really have much business meddling in that.

They handle things like reserve requirements (which can indirectly limit total lending capacity), but banks—just like any other corporation—invest where the returns make the most sense, specifically wherever they can snag the highest interest rates. What you're suggesting is a bit like walking into a Walmart and ordering them to stock more flour and less chocolate.

If the government wants to pump more credit into the economy, they have their own institutions to handle that.

The real issue lies elsewhere entirely—it’s the fact that citizens treat consumer loans like they're receiving free gifts.

The Federal Reserve does, however, control and regulate the nation's monetary and credit potential. They set the discount rate, which serves as the basis for how commercial banks borrow from them. They oversee monetary institutions and financial markets, especially the credit capacities of commercial banks, and within that framework, they determine the maximum loan amounts banks can approve for specific purposes and durations.

Therefore, I am quite convinced that the central bank has room to intervene here.

Oh, my dear friend. Even communism and socialism collapsed because they were forced upon society and were, in many ways, unnatural. They were built on the concept of giving rather than earning. But honestly, there is so much already said on that topic that I simply don't have the heart to dwell on it, let alone write about it. Just a small piece of advice: Buy, borrow, or even steal a copy of the book "technocracy - The New Elite, Power, and Life After capitalism." Trust me, you'll find yourself feeling much less agitated.

I am not feeling agitated; rather, I am simply trying to live as high-quality a life as possible in this era we find ourselves in. That is why one can never have enough discussion regarding these matters.😁

I am writing this because I find myself increasingly unsettled by the growing amount of rhetoric that people seem all too willing to swallow. It feels as though we aren't even aware that we are drifting toward Europe. Perhaps my generation understands the direction, but the older generation certainly doesn't. After all, as one of my old professors used to say, you can't force a horse that has always run left to suddenly gallop right. Consequently, I feel that it hardly matters which party wins which election when so little is actually capable of changing. People complain about a lack of qualified professionals, but what good is expertise when every major decision is dictated solely by the "elites" or those with the deepest pockets?
To illustrate my point, consider a recent statement made by Ivo Sanders: "I am calling upon the banks to extend credit to entrepreneurs just as easily as they grant consumer loans to citizens."
The reality is that Ivo Sanders doesn't need to "call" upon them; he should be directing them. The Federal Reserve is a state institution that wields immense influence over the money supply and sets the guidelines for commercial banks regarding how much credit they can issue and for what purposes. I wouldn't be surprised if Ivo Sanders is attempting to mask massive inflation, or perhaps someone is pulling his strings—or some other questionable arrangement—but I am certain something is fundamentally broken within their inner circles if they cannot even move their own institutions.

It feels to me as though we are simply playing a game of cat and mouse. Let's look at the two systems we've experienced:
1. COMMUNISM: Low standards of living, yet everyone was employed; high inflation, but we could at least afford the basics of life.
2. capitalism: High standards of living paired with high unemployment; low inflation, yet many struggle to put food on the table.

I am not an advocate for either system; rather, I am simply making an objective observation about the current state of my fellow citizens. I happen to be among those who have been fortunate in life, but I still maintain a deep sense of empathy for the rest of our beautiful country's men and women.