The Federal Reserve Bank has raised rates 9 times since jb oval office

a reply to: AugustusMasonicus
Essential > your “valuable

Still shouldn’t be sending ANY cash to that crap stain in Europe, or it’s soulless ginger population.

Taking care of one’s own nation isn’t restricted to “policy”, your mistake.

originally posted by: shooterbrody
Essential > your “valuable

Being poor isn't essential. Unless you think unproductivity is essential. But I know most people looking for the free government cheese think that way.

Taking care of one’s own nation isn’t restricted to “policy”, your mistake.

It is when the topic is the Federal Reserve monetary policy in regards interest rates. I know this might appear complicated if you don't understand the topic but I'm willing to walk you through the nuances.

originally posted by: AugustusMasonicus
a reply to: SRPrime

I noticed you didn't even answer my basic questions. It was basic. You have a strong grasp of 'basic economics'. What should the prime rate be and why?

I did answer it; I said it should be determined by the free market, the reason why is the free market will determine accurately, where as if you try to project it, you'll either over compensate or under compensate.

You SET the Prime rate in top down markets, the prime rate is determined autonomously by the market in a free market.

I.E. The proper value isn't what I pick, you pick, or the fed picks, the proper value is what the market dictates it to be.

All the same, the fed will not allow the market to determine the prime rate -- the FED will raise the rate too high and extract the money from the middle class, meanwhile the upper class can just use their cash and not get loans and bypass the prime rate completely or just not buy until the rate settles. Why? Because they have everything they need and have the cash for anything they want, and don't have to over pay the overcompensated prime rate. The only way the rate works is by forcing people to pay it, and you can only force people who need something that they cannot afford, and hence -- they need a loan. This is called Usery.

I answered it, completely and accurately, you just don't understand the answer. Your "basic" question doesn't have a deterministic value, but you're looking for me to determine the value.

The answer to the inflation isn't free government cheese, it's for the rich to surrender their excess. We don't need a bailout, they need to bail in.

I don't want free money; I just want my money to be worth something, the only way my money becomes worth something is if the excess is removed from circulation. The problem with this is, rich people are greedy and don't want to do their part.

a reply to: AugustusMasonicus

But I know most people looking for the free government cheese think that way.

Those advocating sending taxpayer money to that craphole ginger factory in the Ukraine do think that way.
Thanks for that admission.
It is appreciated.

a reply to: SRPrime

I see, so if JPM, Citi, BoA and WF got together and decided to have their rates be 15% you'd be cool with that? I mean, it's the 'free market' and all those poor people you so valiantly advocate for could take out a 20% payday loan for a Spam sandwich. Right?

a reply to: shooterbrody

I'm 100% onboard with RINO globalist Ronald Reagan on how to deal with Russia. If that's what you're asking. Worked before, will work again. This still has nothing to do with Fed rate policy which you seem to be supremely confused about.

a reply to: AugustusMasonicus
Didn’t ask about RUSHIA, nice try tho.
Your pathetic cheerleading warmongering is vile, and no surprise.
As is your support for sending money abroad before taking care of Americans.

originally posted by: AugustusMasonicus
a reply to: SRPrime

I see, so if JPM, Citi, BoA and WF got together and decided to have their rates be 15% you'd be cool with that? I mean, it's the 'free market' and all those poor people you so valiantly advocate for could take out a 20% payday loan for a Spam sandwich. Right?

You don't understand free markets. So if those banks set it at 15 they'd do less business, and they'd have no choice but to lower it to compete with the banks that didn't co-sign the 15% rate; but when the FED dictates the prime rate, banks can't change their rates. It's not about "banding together" because there will always be an undercutter, that's what makes a market free. When you "band together" that's market manipulation, and that will allow their competitor to make more profit, because the bank that doesn't join the scheme will make more than the free market dictated, and they will be empowering their competitor.

Sooooooooooooooooooooo............

I understand, we haven't have a free market for a few generations, so you don't understand how it works.

originally posted by: shooterbrody
Didn’t ask about RUSHIA, nice try tho.

No, who is Ukraine fighting? The Federal Reserve? It's interest rates?

LOLOLOLOLOL

Nice try. No cigar for you.

originally posted by: SRPrime
So if those banks set it at 15 they'd do less business...

Would they? They account for the bulk of banking transactions in the country and underwrite other bank's loans. Tell me again how I don't understand this industry?

When you "band together" that's market manipulation...

It's actually called 'collusion' and is one of the reasons we have the Fed in the first place. They set the bar and everyone knows what the baseline happens to be.

originally posted by: AugustusMasonicus

originally posted by: SRPrime
So if those banks set it at 15 they'd do less business...

Would they? They account for the bulk of banking transactions in the country and underwrite other bank's loans. Tell me again how I don't understand this industry?

When you "band together" that's market manipulation...

It's actually called 'collusion' and is one of the reasons we have the Fed in the first place. They set the bar and everyone knows what the baseline happens to be.

It's actually called "Market Manipulation" which is by definition a form of collusion, yes. The Fed doesn't know what the market dictates, so you're saying "We have market manipulation by way of collusion, so we'll just let the fed dictate the manipulation!"

Cool!

Sanctioning collusion doesn't make it not collusion, it just forced have nots to purchase things at rates they can't afford to force them to overpay what the wealthy won't give up. And we're going to let the wealthy set this rule, that doesn't affect them, because why would they ever do anything that makes it tougher for them, the peasants are used to struggle, they'll struggle harder and love it!


We keep doing the same thing over and over, the wealth keeps consolidating, and growing in the hands of the few. The poor are still poor. When inflation comes down, there will be opportunity to make money for a few again, and it'll happen all over again, and then we'll raise interest rates, and make those that just made money off that opportunity pay for it again!

2020 no different than 2008; the only problem is it's more exaggerated as the rich are richer now and the poor are still broke, because the banking cartel rigged the game.

The bankers know this is becoming obvious, and they also realize it's annoying having to keep resetting the game, hence the creation of Crypto's to get people primed for digital money. Eventually the scheme will get so out of hand it'll collapse, and the solution will be a "reset" of the money system which is the CBDC, which will have expiration dates on your money.

Once they have CBDC, they have total control over who has what and for how long and total freedom is gone.

a reply to: SRPrime

It's collusory if multiple businesses engage in the practice, it's regulatory if the Fed does it. The definition of words matters.

originally posted by: AugustusMasonicus
a reply to: SRPrime

It's collusory if multiple businesses engage in the practice, it's regulatory if the Fed does it. The definition of words matters.

No they don't, you can call a pig a duck if you want, doesn't make it not a pig.

a reply to: SRPrime

Four huge banks setting the rate is collusory, the Fed setting the rate for everyone is regulatory. The former is devised by a small group to impact everyone unequally, the latter puts everyone on the same level playing field with full consumer knowledge as to the prime rate's calculation.

a reply to: AugustusMasonicus

Wrong....The data and proof is there right in front of your face.

The rich don't typically even need loans but use them. Also they are ussually the ones loaning the money and orofitring from the higher rates. Lower rates helps the little men and woman as well as small businesses.

Raising rates has a place in economies but not this high right now. It's just makes it look like more of this was the plan the whole time with all these old cronies screwing the younger generation. It's not natural.

originally posted by: randomthoughts12
The rich don't typically even need loans but use them.

So you want the 'rich' to get practically interest free loans? Gotcha. Makes total sense.

I don't know HITF we got a Fed Rate/stop Putin he will take over the world thread but I am enjoying it

originally posted by: putnam6
I don't know HITF we got a Fed Rate/stop Putin he will take over the world thread but I am enjoying it

When they don't know about the topic they go to their outrage du jour.

You an easy money guy or see the value in moderate rates?

a reply to: musicismagic

The Bank of England just raised interest rates for the 11th time in little over a year , so I guess we win.

However I save my blame for those responsible.

originally posted by: AugustusMasonicus

originally posted by: putnam6
I don't know HITF we got a Fed Rate/stop Putin he will take over the world thread but I am enjoying it

When they don't know about the topic they go to their outrage du jour.

You an easy money guy or see the value in moderate rates?

Yes AM I know with you there are no degrees or shades of colors it's black and white. Apologies if this is too simplistic but how much are the national budget and more specifically Biden's proposed budget and the current national debt going to be affected by these rates?

www.pgpf.org...

However, as interest rates on U.S. Treasury securities rise, so too will the federal government’s borrowing costs. The United States was able to borrow cheaply to respond to the pandemic because interest rates were historically low. However, as the Federal Reserve increases the federal funds rate, short-term rates on Treasury securities will rise as well — making some federal borrowing more expensive. Expectations about short-term rates and inflation have already pushed up longer-term rates as well.

In February, the Congressional Budget Office (CBO) projected that annual net interest costs would total $640 billion in 2023 and double over the upcoming decade, soaring from $739 billion in 2024 to $1.4 trillion in 2033 and summing to $10.5 trillion over that period. However, if inflation is higher than CBO’s projections and if the Fed raises interest rates by larger amounts than the agency projected, such costs may rise even faster than anticipated.