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RE: Does economic stimulus work in a financial crisis?

in LeoFinance3 years ago

Central banks don't issue money, they develop policy and procedures and provide advice for legislation. Doesn't mean it has to be accepted. In Australia our central bank has been calling for the increase of wages to tackle interest rates and low money circulation but no ones doing it.

Capitalism isn't visible in nature. Attempting to find the similarities between calories and finance is a new one I must say.

If anything Feudalism is more visible in nature. Capitalism adds a dollar value to everything and depending on need/danger/experience it pays more. Nothing in nature is worth more the dangerous it is.

If I plant a potato in Australia, in US, in China, in Slovenia or anywhere it is still the same potato. Capitalism dictates it's price in other countries not nature.

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Central banks don't issue money

...errrrr....errrrrr...I honestly don't know what to say. it's not often I'm at a loss for words, you know me...lol

...the first google that came up, ...(millions more).
Role of Central Bank in Issue of Currency
One of the most important role of Central bank is issuing currency.
https://accountlearning.com/role-of-central-bank-in-issue-of-currency-principles-types-of-issue/

Maybe go back to some really basic understanding of central banking and money, matey?

Mike Maloney's video's on the 'banking and money' are good starters.

...research Jekyll island if you want to know about the formation of the fed res.

research the Rothschild from 17th century onwards, if you want to understand how - and why- the central baking the system spread across Europe.

Enjoy !

Central branks do policy and provide loans when banks can't cover. They don't just print cash at the whim.

The "printing money" your suggesting is the current circulating supply and maintaining it. They're The regulator of banks. I am across what they're role is.

I'm not sure if it's different in the US but in Australia it can not do as it pleases without parliament signing it off.

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NOTHING has changed since the 18th century, in regards to the principles of banking.

Education is a wonderful thing!
Good luck ('red pill', incoming...)

Well sorry, retract that. I'm married 🤣

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No one controls me

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