- #31
Galteeth
- 69
- 1
While I'm no fan of the FED, I don't understand why, given your expectations, you choose to hold your wealth in USD.
A rant on Fed policies and what can be done
- Context: News
- Thread starter turbo
- Start date
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Discussion Overview
The discussion revolves around the Federal Reserve's policies, particularly in relation to interest rates, coinage value, and the implications for savers and the economy. Participants express concerns about the impact of these policies on individual savings and the broader economic landscape, with some exploring alternative monetary systems and the value of currency.
Discussion Character
- Debate/contested
- Exploratory
- Technical explanation
- Conceptual clarification
Main Points Raised
- Some participants criticize the Federal Reserve's low interest rate policies under Bernanke and Greenspan, arguing that they benefit Wall Street at the expense of ordinary savers.
- There are calls for a return to coinage that reflects its intrinsic value, with concerns about the production costs of coins exceeding their face value.
- Some participants question the effectiveness of current monetary policies, suggesting that they do not adequately support savers or the economy.
- Discussions arise about the relationship between inflation, interest rates, and the real value of savings, with differing views on whether low inflation benefits savers.
- Concerns are expressed about the impact of government debt and currency devaluation on consumer purchasing power, particularly for those on fixed incomes.
- Some participants express confusion about the role of the Federal Reserve and its significance in the broader economic context.
Areas of Agreement / Disagreement
Participants exhibit a range of opinions, with no clear consensus on the effectiveness of the Federal Reserve's policies, the value of coinage, or the implications of inflation and currency devaluation. Multiple competing views remain throughout the discussion.
Contextual Notes
Limitations include varying definitions of inflation and currency devaluation, as well as differing assumptions about the relationship between monetary policy and individual financial outcomes. The discussion reflects a mix of personal experiences and theoretical perspectives without resolving these complexities.