26 December 2024

Woodrow Wilson Created the Federal Reserve and Segregated the Federal Government to Support Uryvnias?

 If a Rottweiler looks you in the eye then bites your wrist it’s good to go home and disinfect the wound. If a pit bull looks you in the eye then runs your way to bite an Achilles one need peddle faster.

Creating a federal reserve to back up and stabilize banks was practical yet is complex today. The Fed is worth about 7 trillion dollars today. It can loan 100 billion to banks at zero interest and banks lend out ten times that much adding a trillion dollars for the economy. Then the Fed can buy securities and Increase their worth I guess. Hard to know where all that cash for Ukraine went… Maybe to buy securities and print uryvnias. Dog food is costly.

Christian ethics are a good thing yet society is striving, hateful, envious, greedy and etc. One cannot use force of law to compel people to be virtuous, altruistic or wise. Competition in economics lead to ethics of trimming potential rivals. The world will be perfect with the Second Coming and probably not before…thermodynamics, deficit spending and concentration of wealth keep a hard edge to social reality.

No comments:

Gemini Said That Even After Nancy Grace Roman ST Just 12 percent of the Observable Universe Will Have Been Observed

 I asked Gemini about what area of space the new Nancy Grace Roman space telescope will see. I asked if Hubble and Webb hadn't already s...