OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

re The Fed and the “Salvador Dali Effect”

Posted by Mr.Copper @ 15:08 on August 26, 2014  

Re parts:

“For now, The Fed has a magic checkbook that allows it to spend without paying the bill because it thinks the checks will never come back to be cashed.”

Comment: Every time the Fed creates money, the rest of the world gets it. Then they move in next door.

art: “Thus, in the 1970s, in the wake of the Nixon Shock, members of OPEC accused the US of exporting inflation.”

Comment: The gold backing was removed in ’71. After that nobody knew what the dollar was worth. So the Dollar dropped oil went up.

Part: “The international monetary system itself depends a lot on the U.S. dollar, or, to be precise, on the monetary and financial policy of the U.S. authorities.”

Comment: The “US authorities” are not really the local “US authorities”. The global governmental authorities are doing business using our name. Even the US Dollar is not really a US dollar. Its a Fed Res Note DBA US Dollar.

The author is not up to speed imo. The Fed Res actions have been a burden on the USA and a benefit for the rest of the world. Even Switzerland lost its sovereignty to the world gov’t.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.