You're talking a lot of smack here. Congress has total control over its budget. And the FED has total control over it's open market operations. Both are to blame by over-stepping their mandates and acting irresponsibly. The FED could just as easily refuse to monetize new treasuries as Congress could pass a balanced budget. But neither will. You asked a simple question and I gave you a simple answer. As for the rest of it - conspiracies, declining dollar, FED rates dictating chinese consumption - I have no idea what you're talking about.
k, then answer this. If a good looking prostitute walks into the street and says anyone can screw her for a dollar, and a guy takes her up on the proposition and gets busted by the cops, is it the guys fault, or the prostitutes? If I go to McDonalds every day and buy a bunch of 1 dollar cheeseburgers and i become morbidly obese, is it my fault or McDonalds? If i go to a bar that is serving beer for a dollar, and i roll my car on the way home after drinking a keg, is it my fault, or the bars? The person who makes the ultimate decision in every single case is the consumer. Thats the way free markets operate.
And how much has the congress ever spent because the Fed has forced them to spend? Im not "talking alot of smack", im dealing in reality. You can make all the claims you want about how congress was forced to overspend, but the bottom line is that the congress has never overspent money because the fed forced them to, there is not a single time in history that you can show me, where the fed "forced" congress to over spend, unless of course, you want me to buy into AMSTW's videos, whereby the rothchilds murdered hundreds of thousands of people to make the government conform.
Is this how you debate? Shadow box strawmen all day? I never said the FED forced Congress to overspend. YOU DID. My words are simple and plain. Stop twisting them into something you can grind your axe on. The FED's primary mandate is stable prices. The second is full employment. Volker jacked rates in the 70's to combat sky-high inflation in accordance with it's primary mandate (stable prices). Since the 90's, the FED abrogated it's first mandate in favor of the second. Which is why asset bubbles are ignored and pump-priming continues even after a collapse. The FED was designed to be apolitical and make the tough, unpopular choices. Now, it's just a tool of the douchebags in Washington. And yes, you're talking shit.
Read back through the posts, and you will realise all i was doing was countering your own previous argument that the Fed somehow controls the government, and not the opposite, read the thread, and put it into context, and realise that the implication all along in this thread has been that the fed/rothchilds control the government which is the total opposite of reality, the total opposite of what i think, and a popular theme amongst internet conspiracy theorists. My thought has always been that the government controls themselves, and influences the fed, but doesnt control them. Say what you want but you have basically flipped completely to what i was saying originally, if you would just take the time to read the thread. The government has a bit of power over the fed, not the opposite. Nice to see you came around, and realise the way it really operates, cheers mate.
I never read the thread and I could care less. I answered your rather ignorant question, in simple terms. That you ran out of the gate half-cocked with all these irrelevant assumptions about what you thought I meant is your problem. Again, I never said the FED "somehow controls" Government. I said the FED enables Government spending. Which they do. There's a distinction. Without the FED, the Government wouldn't be able to finance these horrendous deficits and run a welfare-warfare State, to a fraction of what it does now. As far as "coming around" to your point of view, you're kidding yourself. My view on the matter was long established before you ever joined Elite Trader...
Fair enough. There is no point in arguing with you, if you jumped into a thread "half cocked" (your words not mine) ready to start swinging at the first target, then for future reference read the thread before you go into full attack mode, it would do other people who read/participate in the threads alot of justice.