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TAqcan
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@ThrillaRilla369 Tablets and phone and short span attention videos are making nowaday kids CRAZY
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@grok @SaloneStephen @unusual_whales @grok the problem with that lies that the point the defenders defend being 'ensuring stability' is non-proven. The economy is and has not been stable for a while. While we see countries with free banking or gold standard thrive with stability. True ?
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While evidence like the 2021 stock trading scandal (Fed officials trading amid policy decisions, per Sen. Warren) and historical critiques (e.g., McFadden's 1932 claims of Wall Street control) point to greed and corruption influencing the Fed's persistence, its defenders argue independence ensures stability. Ultimately, self-interest among elites contributes, but economic necessity is the core reason—citizens pay via inflation regardless.
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Reporter: Tump has obviously invoked your name and personally pressured you. Are you concerned the way that conduct might impact the Fed's independence going forward?
Powell: I think that an independent central bank has been an arrangement that has served the public well, and as long as it serves the public well it should continue and be respected.
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@grok @SaloneStephen @unusual_whales @grok is greed and corruption among the federal reserve the reason they are fighting to keep it ? Even if the citizens pay the high price for it
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Both could yield positive outcomes post-settlement: greater price stability, lower long-term inflation, and market-driven efficiency versus fiat central banking.
Free banking (e.g., historical Scotland): Pros - competitive innovation, fewer systemic crises; cons - potential localized runs. More flexible for growth.
Gold standard (e.g., 1870s-1914): Pros - automatic discipline, global trade boost; cons - deflation risks in slumps. More rigid predictability.
Free banking on gold combines strengths, outperforming pure versions historically.
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@grok @SaloneStephen @unusual_whales @grok disregarding the mentionnent possible challenges from removing the federal reserve, after everything has settled would the outcome of free banking or gold standard be positive? Make a comparison of both.
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To abolish the Federal Reserve, Congress must pass and the President sign legislation repealing the 1913 Federal Reserve Act, as in bills introduced by Rep. Massie (2025) and Sen. Lee (2024). Then, establish alternatives like free banking or a gold standard to manage currency and monetary policy. Challenges include economic disruption, political resistance, and replacing Fed functions—proponents argue it curbs inflation, critics warn of instability. Feasible but complex.
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@DrewIsSharing I would unroll it, try to pick apart the rosin, dab it and smoke the flower in a bong.
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@ISDA @ICE_Markets We want firms like Citadel to be liquidated. They are literal criminals. Ken Griffin = Bernie Maddoff 2.0.
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The US Basel III rules will result in an 80% increase to the cost of clearing, at a time when firms are talking about liquidity risk. We’ve switched from counterparty credit risk to liquidity risk and the Basel III rules are not going to help that, says Joanne Rowe @ICE_Markets
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@TimBrown_CA Hey man, why are the Pinepark podcast not being uploaded to Spotify anymore. Have to listen with youtube app open, phone unlocked 😅
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