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Who has the most control of #inflation in the #UnitedStates ?

Please boost for accuracy.

@RememberUsAlways kind of disappointed so many got this wrong, 10% is high

rfichoke

@ZeroSum06 @RememberUsAlways It’s complicated. Congress does have a role. Their deficit spending drives money creation. Money creation enables deficit spending. Congress created the Federal Reserve and the President appoints the chairman, who is politically motivated and who is accountable to Congress. They claim they’re private and independent but they clearly aren’t. It’s a mess.

@rfichoke

Indeed! It's more of a "chicken or the egg" situation that could speak to redundancy and shared governance of a healthy Democracy.

Nice point.
@ZeroSum06

@rfichoke @RememberUsAlways the fed was created by JP Morgan and cohorts on Jekyll Island as the 3rd attempt to have a central banking entity rule over the US, they are an independent entity accountable to no gov't or gov't official...

youtu.be/hrVAPd-rpjo?si=KWwfmN

@ZeroSum06
The #federalreserve is a "quasi-governmental agency with a board of governors selected by the President and approved by Congress."
This structure is nearly identical to how the #PostalService operates.
@rfichoke

@RememberUsAlways @rfichoke that's from former fed chair Greenspan himself, they are not gov't by any stretch

@rfichoke @RememberUsAlways 😆 🤣 😂 I suppose that's why Jackson fought tooth and nail against a central bank. The fed is independent. They are Not federal. There are No reserves.

@ZeroSum06 @RememberUsAlways Now I don’t even know what argument you’re trying to make. The bank Jackson fought against was also a creation of Congress. It’s the same thing.

@rfichoke @RememberUsAlways these not gov't entities like in Jackson's day, just bc they sign docs, just like bills today- does not mean that's where they originates from, ie- the gov didn't say didn't hold pfizer accountable for vax injury, the backdoor between gov & pfizer allowed that, JP Morgan engineered the crash & depression, then conveniently had the solution, the hegalian dialectic in action

@ZeroSum06 @RememberUsAlways What I’m telling you is that it doesn’t matter where the idea originates from. Without the action of Congress (and the citizens’ foolish belief in their legitimacy), the idea has no effect. I can claim I’m the King of America. But it doesn’t matter unless Congress says I am and starts following my orders.

@ZeroSum06 @RememberUsAlways And incidentally, some of the worst ideas have come directly from within government. You seem to be operating on the idea that something being “government” somehow makes it inherently pure and righteous and noble, but everything in the private sector is inherently evil.

@rfichoke @RememberUsAlways that missed every point in every possible way, gov is a spawning, breeding, abetting ground for criminality, it matters where the idea came from bc if those in gov do not abide they are either replaced or given the JFK treatment so the idea comes to reality

@ZeroSum06

#Capitalism is infused into every aspect of American life. The "quasi" Government structure is necessary because Congress controls the leadership but said Government agencies have a separate revenue stream. BLM, IRS, postal service and the Fed are revenue streams for the US government.

@rfichoke

@ZeroSum06 @RememberUsAlways We haven’t had anything I’d consider capitalism in 200 years. I think we’re just talking past each other at this point.

@ZeroSum06

"Quasi" Government structure is complicated but I appreciate both of your perspective because the topic is complex.

Thank you.
@rfichoke

@ZeroSum06 @RememberUsAlways I wholeheartedly agree with your first statement. But government is not some inactive clump of matter that does as it’s told. It is comprised of individuals who lust after power themselves. Sometimes they collaborate with wealthy people in the private sector who lust after power. Sometimes they do it on their own. But either way, the problem is their possession of power over us, no matter who is trying to abuse it or for what purpose.

@rfichoke @RememberUsAlways definitely agree, power control and fiat drives them

@RememberUsAlways @ZeroSum06 JP Morgan was the driving force in favor of it, but it was created by an act of Congress: govinfo.gov/content/pkg/COMPS-

And their claim to be independent is a classic political lie. They’re influenced heavily by politics. It was a rare act of courage by both Carter and Reagan, for example, to permit Volcker to raise interest rates to something approximating market rates that cleared the malinvestment of the 1960s and 1970s. Usually it goes the other way around.

@rfichoke @RememberUsAlways like bills today, as "act of congress" penned by special interest

@ZeroSum06 @RememberUsAlways Of course. But without the imprimatur and action of the state, it would just be one man’s opinion. I can say everybody in the world has to pay me a million dollars a month but nobody will do it. If Congress says it, I’ll be making calls to Gulfstream and Lamborghini.