We are doomed. This dumb fuck is the CHIEF econ advisor to Xiden. He doesn't have a fucking clue about even the basic fundamentals of currency and debt management.
And yet for some reason. Companies and the Government will refuse to even consider hiring people without College Degrees for Advisory or Corporate Roles. Yet they’ll employ degree bearing idiots like this by the truckload.
Bernstein graduated with a bachelor's degree in music from the Manhattan School of Music where he studied double bass with Orin O'Brien. Throughout the Eighties Jared was a mainstay on the jazz scene in NYC.
He also earned a Master of Social Work from Hunter College as well as a DSW in social welfare from Columbia University's school of social work.
AND this idioto' is explaining what economics is from a musical stand-point??? The notes of the scale DO NOT CORRESPOND to the NOTES of the dollar on a day-to-day basis...this is so F$cking Sick!!!
Relax, it's a sign that the old crooked house of cards run by the old guards is out of ammo and in it's death thoes, if this is the face of the establishment, it's them that are fukced. Just hurry up already.
@projekt100x
No. The Federal Reserve buys assets, particularly U.S. Treasury securities, in the open market. This process is known as open market operations. When the Fed buys these securities, it credits the selling banks' reserves at the Fed, which increases the amount of money that banks have available to lend. There is no direct transfer of money to the banks to pad their balance sheets.
@SS75757575
Why does the government have debt when they can simply print money? Also why do citizens have to pay taxes if the government can print money? So what’s the answer? Does anyone know?
Maximilian ❇️Projekt: 100X
@projekt100x
Well, they don’t just print money. They issue bonds to fund government spending responsibly. When these bonds are bought by the Fed, that’s when you could call it “printing” because that money didn’t exist prior to the purchase.
HOLY FUCK!!!
We are doomed. This dumb fuck is the CHIEF econ advisor to Xiden. He doesn't have a fucking clue about even the basic fundamentals of currency and debt management.
I cant unsee this.
what a fucking moron
And yet for some reason. Companies and the Government will refuse to even consider hiring people without College Degrees for Advisory or Corporate Roles. Yet they’ll employ degree bearing idiots like this by the truckload.
@Rob_Dodson_3 And his qualifications you ask?
Bernstein graduated with a bachelor's degree in music from the Manhattan School of Music where he studied double bass with Orin O'Brien. Throughout the Eighties Jared was a mainstay on the jazz scene in NYC.
He also earned a Master of Social Work from Hunter College as well as a DSW in social welfare from Columbia University's school of social work.
Oh my God. We are so fucked.
AND this idioto' is explaining what economics is from a musical stand-point??? The notes of the scale DO NOT CORRESPOND to the NOTES of the dollar on a day-to-day basis...this is so F$cking Sick!!!
DEI hire. Token old white guy.
Follow the money. When IRS receives your tax payment, where does it go?
Put him and Yellen together and you might be able to light up a 5 watt led bulb with all that brain power.
Bitcoin was born due to idiots like this, like blockbusters and NexFlix, like Sears and Target, ect
Relax, it's a sign that the old crooked house of cards run by the old guards is out of ammo and in it's death thoes, if this is the face of the establishment, it's them that are fukced. Just hurry up already.
The bar for cabinet-level appointees seems to be set rather low, lately.
@projekt100x No. The Federal Reserve buys assets, particularly U.S. Treasury securities, in the open market. This process is known as open market operations. When the Fed buys these securities, it credits the selling banks' reserves at the Fed, which increases the amount of money that banks have available to lend. There is no direct transfer of money to the banks to pad their balance sheets.
@SS75757575 Why does the government have debt when they can simply print money? Also why do citizens have to pay taxes if the government can print money? So what’s the answer? Does anyone know?
Maximilian ❇️Projekt: 100X @projekt100x Well, they don’t just print money. They issue bonds to fund government spending responsibly. When these bonds are bought by the Fed, that’s when you could call it “printing” because that money didn’t exist prior to the purchase.