I find myself at this moment frustrated to no end with no one answering the phone and on an entertainment media fast (and hence no mind-numbing outlets). So here I am with all these thoughts, no one to talk to and nothing to curb the incessant workings of my mind when it occurs to me...I have a blog, why not use it?
Well here I am and I am going to tell you some things that quite possibly you haven't really given much thought to before (or maybe you have).
I am finally back in the US and studying at one of the finest educational institutions money can buy (a lot of money that is....try around 53,000/yr). I can say I haven't been quite this challenged in some months and as exhilarating as it is it has its frustrations. Here goes...
I have spent my entire day trying to understand the Federal Reserve, the American banking system in conjunction with how our money is valued and I have come to the conclusion that either I have an intense deficiency in learning or the information that is out there and readily available to the public is insufficient. I know that there are scholars who spend their lives studying such things, however, what I want to know is what stands in the way of the reasonable observer from being able to understand his or her own system in the country which they live.
There are many opinions out there about whether the Federal Reserve is a profiting institution, the Fed controlling the economy, how the Reserve is truly not a governmental institution answerable to Congress and how it does not actually have reserves. I find that I am certainly not well versed enough to tackle all of this yet but when I can we will certainly discuss it in greater detail. Where I am at the moment is simply trying to figure out what is true about our economy and can the average person be truly well informed on the subject.
In 1913 the third attempt at a national bank (The Federal Reserve) was put into place stemming from the Panic of 1907. This is pretty well known information but its going from here that causes problems. We could use prisoner's dilemma or utility to try and understand how the men (or companies?) who run our economy should act but the truth is so many of their actions are hidden from the public that we'd really be grasping at straws unable to greatly substantiate such conclusions.
Insufficient information...that is why I am angry.
I have a headache after having spent my weekend in this room first reading on the Realist, Liberal, and Marxist theories of International Relations and now American economy. I don't know if this little rant has prompted any thought but I will say that I believe it a necessary to understand these types of things.
At the end of my life I'd rather say "what I had was at my discretion" than "they really screwed me over" (that's just a small unrelated jab at the people who rely on the government to be their security).
*** Have I mentioned the the US Mint has the most annoying website EVER!
No seriously. I understand that what they do is supply and sell coins but someone needs to tell them that supplying substantial information (like how much they produce and what governs their production) instead of boasting about how pretty their coins are would be very useful. I'M JUST SAYIN!
Check out: The Money Masters- How International Bankers Gained Control of America
No comments:
Post a Comment