C@LAg said:
Greg was named to the Silicon Valley Business Journal's inaugural Power 100 list in 2023. He is a Class A Director for the Federal Reserve Bank of San Francisco
nothing to see here.
Creature from Jekyll Island
A cartel of banks led by JPM created the FED for the purpose of pushing their own failures onto the middle class through bailouts. They then convinced the government to give up its own (the people's) power and hand it to the FED.
It's the biggest Ponzi scheme of all time, but because it's all we've ever known, we just accept it as the "way things are".
If you want a real economy, it's time to abolish the FED, erase everything created by unelected banking cartel monetary policy, and force everything to exist on its own merit based on profitability.
Would be painful. But our kids and grand kids would be better off.
Even heard on the radio today on CNBC.. "this is a threat to the general public. Someone has to step in and take care of these depositors. If not, America is at risk". This is he playbook they have used in every single similar situation. Without convincing the public that "it's for your own good", you would never accept the bailout. But because you are stupid, they hand your money to the failed bankers and then buy up the assets you are forced to liquidate. They get richer and you get poorer.
Let them fail. Let the money go poof. Let us learn our lessons. Otherwise, we're truly in trouble. But that's the playbook since the FED was created. Over leverage middle class funds, enrich yourself in the process, and when the music stops, shuffle the deck and get bailed out and start again. All of the pain is for the peons only. Enjoy your depression peons.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)