Why do members of the far right seem to like President John Kennedy?

submitted by ayotollahsinIran from self.debatealtright

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[–]LetssavethefirsworldReturn to Jesus 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (7 children)

He tried to but the dollar back on silver. That alone makes me love the man; no president since had the balls to try and restrain the fed

[–]ayotollahsinIran[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (6 children)

What does that mean though?Why would that make your life any better?

[–][deleted] 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (5 children)

Attaching real scarcity to currency would change everything.

At the moment, money is completely made up and is subject to the whims of the federal reserve since every currency is linked to the USD in 2020 (except for Iran and other countries with self contained banking). It's not conspiratorial to say the fed controls the world economy- it's openly its function.

[–]ayotollahsinIran[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

How would that make your life any better?

[–][deleted] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (3 children)

...if money was real? Do I really need to answer that?

Economic feedback loops would be enforced and that which should fail, would actually fail. Failing countries wouldn't be subsidized and failed ideas wouldn't be propped. In short, everything would change.

[–]ayotollahsinIran[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

I don't get it at all to be honest.

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

In 2008 when the economy was poised to fail from corrupt practices and ass-backwards policy (loan assessments, poor management, etc), the federal reserve stepped in and poured billions into companies like Fannie Mae and BoA that deserved to die and be buried for letting ideology cloud basic judgement- bear in mind that these companies were handing out mortgages like candy to low income black families and surprisingly never got loan repayments and witnessed most of their clients default.

The same Bank of America gave ONE BILLION USD to BLM just a couple months ago and clearly has learned nothing from its ideology-over-business practices. The Federal Reserve should have never conducted quantitative easing and should had NEVER bailed out a company as fucked as BoA. This has real world implications for everyday Americans.

Make sense?

[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Plus, permanent public debt based on interest bearing loans; banks don't even need to exist, just have holding houses.