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Statement from Jerome Powell

federalreserve.gov

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Re: Statement from Jerome Powell

#111

Post by jiggawatts »

Frost1x wrote: post #71
neom wrote: post #54

So I'm sitting here as a Canadian wondering what the American people are going to do? I understand a lot of what the President of The United States says - I even agree with some of it, the problem is I don't feel like we're engaging with the American people anymore. I really wonder where you guys are headed and what it means for the rest of us, I spent 15 years in the states, built a public company there, I really li…

Complain to our representatives who will do absolutely nothing because the system is ripe for abuse and we’ve put people who actively want to abuse and exploit it into office. I keep telling everyone and have been for a year, it’s not just our problem , due to global US positioning it’s now a world problem. Just ask Venezuela. Regardless of what you think about the end result the ends did not justify the means. I for…

You’re all tooling up to defend against your neighbours instead of the people causing the political instability.

The outcome of this is all too predictable.

Re: Statement from Jerome Powell

#113

Post by netsharc »

ceejayoz wrote: post #82
pluralmonad wrote: post #49

Earlier quoted context omitted.

Holy shit. If you believe even a small minority actually want that, please unplug and talk to real people in meat space.

They chanted “lock her up” en masse as a campaign slogan. The desire to imprison is quite evident.

Heh, some of them invaded Congress and were hunting down Mike Pence on Jan 6 2021...

Re: Statement from Jerome Powell

#114

Post by lamontcg »

olalonde wrote: post #95

As a side note, is there a compelling reason why interest rates aren't set algorithmically? I assume human intuition isn't really a factor in setting them. This would eliminate concerns about political motivation.

Economic models are complex and far from perfect, and we're still waiting for Hari Seldon's psychohistory models to be created to tie together macroeconomics and macropsychology.

Re: Statement from Jerome Powell

#115

Post by hrimfaxi »

JumpinJack_Cash wrote: post #90
throwaway_2494 wrote: post #69

Earlier quoted context omitted.

You know this part of the problem! Politics is now consumed as entertainment, and ask any writer of books or screenplays and they will tell you _conflict_ makes for good entertainment. Politics should be _boring_. The fact that we demand to be entertained by our political system is a big part of the problem.

Far too many people decide to occupy the us vs. them part of their brain with National politics as opposed to sports. Both are basically useless as it relates to your personal quality of life but at least with the latter you can see nice geometric combinations between players on a pitch and some incredible athleticism in between

The issue being that one actually impacts your life and the other is a spectacle.

Re: Statement from Jerome Powell

#120

Post by mapontosevenths »

neom wrote: post #54

So I'm sitting here as a Canadian wondering what the American people are going to do? I understand a lot of what the President of The United States says - I even agree with some of it, the problem is I don't feel like we're engaging with the American people anymore. I really wonder where you guys are headed and what it means for the rest of us, I spent 15 years in the states, built a public company there, I really li…

> I wonder where you guys are headed.

You need to know only two facts about America to guess that:

* Fifty three percent of Americans now read below the sixth grade level.

* As (ostensibly) a representative Democracy America's fate is dictated by the majority of it's citizens.

Our future is to become a broken nation governed by middle-school student level thinking. The only way to build a better America is to build a better populace, and that would be contrary to the interests of the angry, spoiled, children who seem to hold all the power now.

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