Manipulation of rates

[b35w]

I’ll be the first to admit that I did not major in economics and won’t pretend to understand everything that impacts the financial markets, but does anyone else think that it’s crap that the government can manipulate rates to control the economy or is it a necessary function?


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[JimmyD714]

Yes, it's crap. The Federal Reserve should never have existed.

[b35w]

I also don’t understand the concept of the govt be able to just print money as it sees fit


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[Silentweapon338]

[b35w]

So how does “paper” not backed by anything, have any value at all?


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[wob]

So how does “paper” not backed by anything, have any value at all?


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Full faith and credit of the United States.

What value does gold really have? Gonna make jewelry out of it, or maybe a wire if shtf?

[b35w]

Full faith and credit of the United States.

What value does gold really have? Gonna make jewelry out of it, or maybe a wire if shtf?

True but it’s a tangible asset. I just don’t understand something having value because someone created it and says it does


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[wob]

It's good because they say it's good. If/when we're not the world's big dog, then it won't be.

[MolliesMaster]

The paper your dollars are made out of is tangible. Same as the gold, somebody said it had value. It's not good for anything life-sustaining or essential other than its ability to procure those items from someone who has them.

I'm not knocking your early morning thought processes but if you press it too hard we are gonna be back to trading chickens and potatoes amongst one another. And I'll admit that some days that doesn't sound like so bad of an idea.

[kquinn]

True but it’s a tangible asset. I just don’t understand something having value because someone created it and says it does


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But isn’t that what cryptocurrency is? I am not in the markets so I am asking this as a legitimate question.

[LC17]

Wampum…

[b35w]

But isn’t that what cryptocurrency is? I am not in the markets so I am asking this as a legitimate question.

Yea! I don’t understand that either


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[b35w]

The paper your dollars are made out of is tangible. Same as the gold, somebody said it had value. It's not good for anything life-sustaining or essential other than its ability to procure those items from someone who has them.

I'm not knocking your early morning thought processes but if you press it too hard we are gonna be back to trading chickens and potatoes amongst one another. And I'll admit that some days that doesn't sound like so bad of an idea.

I think what I have a tough time getting my mind around is there is a limited amount of gold and it’s not being “produced”. If you want gold, you either buy it or find it. You can’t just make as much of it as you see fit which directly brings down the overall value because now the supply is greater.


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