How Low Are You Willing To Go?

bLets say you have $300,000 cash and you don’t want to risk it in the stock market. Today the highest CD rates in the country are about 1.25%. That pays you $312 per month.  If you were not being robbed blind by Federal Reserve policy, you would receive about 3.25% on your savings or $813 per month. This is because no bank in the world will pay you what your money is worth if they can get the same from the Federal Reserve for next to nothing. I ask you, are you happy with that? Everybody has to decide for himself how low he is willing to go.

Are you in awe of Janet Yellen and the other Federal Reserve members? I am telling you, these people are no more honest than crack dealers. They have lower morals than crack whores. But, people love and respect them. For what, God only knows. They have no competence whatsoever. You think they do? All they have done is wreak havoc on the economy and rob you blind. If you love them anyway, you are crazy. A group of astrologers would do better by leaps and bounds. Never in the history of the world has a central bank successfully kick started an economy. But, people love and respect them anyway. Would you respect a thief who broke into your house and stole your silver? Perhaps you would, if you are crazy. O.K., so you are satisfied to earn a paltry 1.25 % on your savings? If you are, you are crazy.

What is worse, Federal Reserve policy has wrought so much havoc on the economy the whole system is going to collapse. Chances are good you will lose the savings on which you’re earning no more than 1.25%. And, will you still love the Federal Reserve? Perhaps, but you are crazy if you do.  Do you think Federal Reserve members are good economists? Even if they grasp the concepts, they are too dishonest to be good at anything.

The Federal Reserve System was established by Congress in 1914. During all of its years it has impoverished countless human beings and has not had one successful program. Just since 2008 they have stolen unfathomable amounts from honest hard working Americans. Still Americans love and worship these people. An act of Congress can also eliminate this destructive institution in the same way it was created. The Federal Reserve Members belong in handcuffs, but that won’t happen.

Have I been too harsh? Well, this is as harsh as I can possibly be. If I could be even more harsh, believe me, I would.

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.
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