So what went wrong in the capitalist Utopia of America?

twostrokenut

twostrokenut

Well-Known Member
Padawanbater2 said:
Define it
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Federal Reserve Act


"Official title
An Act To provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes."

Elastic Currency
from Economics and Personal Finance Education Resources Glossary(2016)
by Federal Reserve Bank of St. Louis
Currency whose supply can be increased or decreased to meet the demands of the economy, and used by a central bank to provide financial stability and achieve economic goals.
 
ArcticGranite

ArcticGranite

Well-Known Member
What went wrong? Not in any order but these items factor heavily into the systemic dysfunction this country's experiencing.

Fractional reserve banking and fiat currency.

Our governance has become an oligarchy dictated to by a corporatocracy.

Lack of gainful employment for citizens.

A budget with more outflow than income.
 
UncleBuck

UncleBuck

Well-Known Member
ArcticGranite said:
What went wrong? Not in any order but these items factor heavily into the systemic dysfunction this country's experiencing.

Fractional reserve banking and fiat currency.

Our governance has become an oligarchy dictated to by a corporatocracy.

Lack of gainful employment for citizens.

A budget with more outflow than income.
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anti0-semitic racist shitbags with a propensity for rape and pedophilia should be on that list as well.

just lucky for the kids that you suffer from erectile dysfunction.
 
ArcticGranite

ArcticGranite

Well-Known Member
UncleBuck said:
anti0-semitic racist shitbags with a propensity for rape and pedophilia should be on that list as well.

just lucky for the kids that you suffer from erectile dysfunction.
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Bless your soul. You're so pleasant. Time to start wasting another day of your miserable existence smashing the keyboard?
 
Justin-case

Justin-case

Well-Known Member
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