[ExI] Sell your Bitcoins!

[spike at rainier66.com]

From: John Clark <johnkclark at gmail.com> 



>What specifically do you expect POTUS to do, John?  Be very specific

>…OK I'll be very specific. As I explained in some detail in my previous post, all POTUS needs to do is make sure that when he nominate somebody to be one of the 7 governors of the Federal Reserve he needs to make sure that the nominee isn't a certified moron, he doesn't need to be a genius, all that's required is the he not be astoundingly stupid. That's it….

 

John, the head of the Federal Reserve is only one of seven votes.  So we get one who isn’t a moron (has that never happened before?) who… does what?  Lowers interest rates?  Raises interest rates?  How does that help?

 

  > Where does the money come from?

 

>…All I can figure out is that the reason you keep asking the exact same question over and over and over again is that you assume that like the conservation of matter and energy there must also be a physical law that requires the conservation of money. But there isn't, money CAN be created and destroyed, and the federal reserve knows exactly how to do it, and they've been doing it for over a century. 

 

John K Clark

 

 

Not at all.  I recognize that money (and wealth) are not conserved quantities.  The Federal Reserve can adjust interest rates.  But you spoke of a minimum assured distribution of funds.  How does that take place?  

 

I have the answer to this, but it has nothing to do with the Federal Reserve or POTUS.  I will share if you wish to know.

 

spike

 

 

 

 

 

 

 

 

 

 

 

 

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.extropy.org/pipermail/extropy-chat/attachments/20260608/b7240a76/attachment.htm>