Bitcoin Forum

What kind of capitalism is it when the markets depend on the FED?

It doesn't matter if 300 million Americans and billions of Asians work today or not.

It doesn't matter if a meteorite falls on Earth right now.

All that matters is whether the FED will print more FED-money to pump the markets or not!!!

All that you do, all your work, all the world's production is worthless because the FED/BCE/BOJ can simply print more money.

Everyone must work more and more to sustain a system that is absolutely unreal and illogical.

Everything we do, every single thing of value that is produced is subject to the valuation of a token that the FED prints at will. An inventor spends decades researching, files a patent, sells his patent for 100k dollars. The FED simply prints a trillion U$. That's the proportion we have right now.

For how long will The People of the world continue to accept this system?

99% of the people are sheep.They live under the "study hard-get a college degree,get a job,get a mortgage,retire" type of matrix.This matrix is maintained and funded by the central banks.The bankers want only 2 things-more debt and more consumers.This is a rat race.

Not taking this system in the civilized world is almost impossible. To get out of this system it is necessary to settle in a deep forest where within a radius of 500 km. there will be no cities, and do not use money at all.

Right, totally right. But why always focusing on the problem?  None comes out with an idea, we don't just change from day to night. There must be an evolution, and maybe cryptos are helping us with it.

So what is your horse move against this beast?

Cryptos are the best counterweapon we've seen to date against this system.

The emission of money must be algorithmic, not controlled by crooks.

Look, I think anyone who just outright states that the printing of new money is wrong is mistaken and jumping the gun. I cannot say that your conclusion is wrong because it is highly subjective but it is an intricate debate, there are many for's and many against's in the matter.

One bank. Controlled by 17 bankers. Has just taken down the US stock markets with one statement.

It's not simply about being against "printing money".... It's a completely insane system controlled by a little over two dozen people.

7 billion people on this planet will have worked all day today and will work for 40+ years of their whole lives simply to make the FED and their friends wealthier.

That is insane.

I agree with the insanity part of what you're saying, but what are you talking about in the bolded part of your post?  I don't read the news and don't follow what the fed is doing.  Did they announce a new round of QE?  All of the stocks I own are actually up quite a bit today, and the stock market is up, marginally. 

A lot of people are indeed sheep, and I probably qualify as one of those.  As long as disaster hasn't hit yet, most of the population will feel comfortable--but yeah....all this money printing is absolutely ridiculous, and I'm not sure our leaders have an exit strategy for this, or if they do it's probably something very sinister.

The minute I posted that the US markets had gone from over 1% green to deep red with just one statement from the FED.

The FED controls the markets. There is no real capitalism, it's a FEuDal system.

Below is a snapshot of the time of the FED's announcement a few minutes ago.

They simply control all prices. Markets collapse in 15 minutes with a simple statement from the FED. Let that sink in for a moment. One statement and the markets collapse. If you think this is normal then you don't understand real capitalism.

https://i.imgur.com/gVQRGDJ.png

I agree with you, what the government is doing now isn't right. They rob oil and gold from other countries and define them as terrorist countries as a reason.
Just live your life dude, you are stuck in this system. Bitcoin was our saviour against the governments, but people like fiat too much and now Bitcoin is just another puppet controlled by wealthy people. People want ETF bakkt, institutional money but at the end of this road everybody will look back and think how they fucked the only saviour they had. As we speak right now, Bitcoin will be in the hands of the governments and institutions. Bitcoin won't stay decentralized.
Top 96 wallets own total of 2,690,537 BTC or 15% of circulating supply, this is only the top 100 don't forget about the big whale who send more than 800,000BTC between December and November.

There is no way out of this sytem. If you want out, you need to take measures and take the lead.

You do realize that the stock market reacts to a lot of other things, too, right?  The fact that it reacted to a statement by the fed (still don't know what the statement was) isn't surprising.  Individual stocks can react to things like rumors of a takeover, a change in management, and many other things.  The market reacts to the unemployment rate, inflation, interest rates, and all sorts of other economic factors.  It seems to me that you're cherry picking this fed statement for your own agenda, i.e., bashing the fed.  And I'm not saying they shouldn't be bashed, because I'm not a fan of the Federal Reserve System, but you're not really proving anything here.

I'm not sure what your point is?

I have no agenda. I am simply watching BILLIONS of people's dollars disappear into thin air because 17 people sat around a table this afternoon and decided to print less money.

We have one bank with a few people in it which can easily say that everything you've saved up in your entire life is now worth one cookie.

This system determines your children's future, your quality of life, whether your grandsons will go to college or not and so on.

The FED. One bank. Just sank the US markets.

What kind of phony capitalism is this?

https://i.imgur.com/JYdzCH3.png

I don't like it either, but the thing is that you don't have to subject yourself to this system if you don't want to. Bitcoin provides the perfect tools to allow you to hedge the risks coming from a system that's only meant to work against you instead of for you. It's not that it's something entirely new, it happened for decades now and people are looking but not taking any action.

It's like they expect the next time to be different/better, but that's entirely false. It's a system working to serve a small layer of the economy, and there is no incentive from the elite to change anything about it, so it's pointless waiting. If you don't utilize Bitcoin you're begging to be sucked into this shit for plenty of more years to come.

I wish I could send you Merit but I got none. Thanks for your reply.

This thread was only a small protest in face of today's blatant market manipulation by that very small layer of the economy.

17 bankers, working for bankers, sat around a table and decided what the markets should do.

It's not supply and demand, it's not real production or valuable services. It's fake money they print whenever they want.

The markets are rigged.

I completely agree, we have been living too long to live under the shadow of the fed, every day we work to chase and beat the inflation, and the fed easily print more money and causing big inflation in the market, but crypto currencies gives big hope to this situation, with the decentralised feature we won't be affected on the fed and the inflation rate

When the dollar market collapses, the cryptocurrency market will take off. The current strong dollar is not good for the cryptocurrency market. The cryptocurrency market is currently a small market that is not enough to fight against the dollar. New investors can't invest blindly now.

Governments exist and they meddle with the economy, yeah. We've seen similar action off non-farm payroll numbers and things like that too. This was a highly anticipated event so I'm not surprised. If the days of cheap credit are over, it makes sense for money to flow out from the markets.

I wouldn't exactly call it a collapse. We undercut the February lows. Ugly and possibly indicative of a long bear market to come, but not the end of the world. Not yet anyway. :P

Who knows about this first of all,lot of people don't have any knowledge how the money came from and why they are still can't rich even if they are earning more and more from the previous year,why the inflation happens and who is controlling the money.If they knows that then they will look for alternative payment medium like bitcoin.

For sure. People think moneyis magical and simply is a natural thing.

We need to help educate others and tell them the truth about where their money comes from.

Money is printed by a handful of people in their own interest.

Are you talking about this one?

(https://www.marketwatch.com/story/defying-trump-fed-hikes-interest-rates-by-a-quarter-point-2018-12-19)

This is the latest statement from the FED that might cause the stock market to crash and that was on a Wednesday and I don't see anything mentioning about printing money or I'm just missing something. And the statement has something to do with lowering the "growth and inflation" forecast for next year. I guess its really forthcoming although is doesn't look good for Trump because it looks like they're defying him (again).

You're missing something.

The FED prints money whenever they want. But they don't call it "to print money". They call it something fancy so average people don't understand and they can keep their theatre going.

When the FED says they'll "tighten" controls, it means they will print less money.

When the FED says they'll "ease", it means they print money.

When the FED eases (prints their dirty money), the stock markets soar.

Yesterday they said they'd raise rates again in 2019, which in FEDspeak means "tightening".

No doubt it is insane the level of control and influence they have over the world and all of those people's lives. BUT, that does not mean that there isn't an argument that it is for good. The fed announced an interest rate increase to make borrowing more expensive and slow consumer spending, they do that with the objective of limiting inflation and growth to a targeted amount. If that is the right course or not for an economy is open to debate. But that word is exactly what it should be, debate, debate and opinion. Not black and white.

The made us slave by keeping the printed money as superior of all so we need to run behind them if we want to succeed but in that mean while they are taking our time to do what they want to do by paying us what we wanted.But what can we do,we can't go back to old age lets make awareness and go for decentralization.

The markets continue bleeding.

Bad economy? No. Actually the economy is fine.

Low productivity? No. Productivity has never been this high.

Why are the markets crashing???

Because one bank, with 17 people inside it, decide to crash the markets.

When will The People do something about the FED?

FED is not a useless organization, they are not really that bad neither. The problem is it should have been connected to some objective organization instead of money greedy ones. If you give the rights of FED to the government than government can do whatever they please that would get them more votes and get them richer, they could literally print money and give out to the public individually for a short term gain that will affect their votes.

However, that would destroy the economy on the long run. There is a reason why FED is a private organization but certainly that reason is not to make the FED people rich, it was to actually have economic genius people to control the FED so they could do the right thing that makes sense instead of thinking politically. If Fed could move to that reality, it is actually quite useful.

World economy depend on The Fed decision. When The Fed decide to raise their interest rate, world economic could be on recession. Its affecting to others country economic because dollar needed for commodities transaction.

FED is quite important in our case because when the investments are let loose some of that money comes to crypto and that affects us greatly. Even if it doesn't go directly (which it sometimes does) it can be spent on some investment which the owner of the invested could use the personal profits on getting crypto as well.

Those billions that is spent on small establishments every year can be directly attributed towards those business getting bigger and bigger and making the owners more and more money and some of that could go into crypto.

Hence, maybe it won't be a short term gain but it could be a long term great deal for us. Hence the FED decision will always have affects on crypto either in short term or in the long term. Of course, the number one organization for us is still SEC and not FED because SEC could directly affect us quite marginally.

absolutely right, and all we have to do is just pray that the decision that will be announced is very good as the market can go back to experiencing green and the coins in it can rise in price

Did you know before the FED creation, taxes didn't exist in The US? (I even think that it was the FED that decided to not back the dollar on gold anymore) What's funny with it is it's not controlled by the White Hous,it lends money to the USA in exchange for bonds. More debt for citizens. When you born in America you are already in debt for $80,000.

When you see who pushed for the FED, you understand lol. It's an endless circle when you see that the country keeps borrowing money to pay interests. Other central banks aren't much better, to be honest.

I wouldn't go as far as saying that it doesn't matter if people are working or not, or disasters won't matter because the Fed controls everything. That would be absurd.

But it does have a very significant influence over the economy, and the currency that is currently used by billions of people across the world as a store of value.

The current system is essentially everyone placing their trust within a single entity, and that particular entity trying to control everything that goes on within the economy. It's also based on endless debt financing, which will eventually lead to the depreciation of fiat currencies.

I guess this is the issue that bitcoin is trying to tackle, because it doesn't have this single regulating entity that is able to manipulate the money supply, and create money out of thin air. Bitcoin's the exact opposite, and is actually a viable alternative long term store of value due to that fact.

it means that in my superficial opinion market price movements are determined by market participants of 1% and the remainder is driven by certain institutions or groups that do have great power in driving prices, and the world community must inevitably accept all those things, there will be no powerless against giants. Is my opinion not too vulgar or offensive to one party?

As long as the average citizen is dumbed down by the people who are in control of our financial system and the education system that are pushing their agenda.

The average citizen of this world does not understand the inner workings of this complex Fiat system and how the printing of "toilet paper" money are slowly digging the grave for our global economy.  ::)

We hoped that the previous near collapse of the economy in 2007/2008 would have opened up their eyes, but the people in control just avoided the collapse by dumping millions of tax payers money into that bottomless pit. This temporarily delayed the collapse with a couple of years.  >:(

Most country depend on The Fed because most commodity market using US Dollar and every foreign transaction using US Dollar. Its make world economic depend on The Fed decision. Every time The Fed make announcement about interest rate, it will afffecting to US Dollar value and creating turbulance in world economic

I single authority has both advantages and disadvantages. If the system is good, it can guarantee impressive stability and money can be save. However, the temptation of printing more money is a very risky thing with fiat. FED is always cautious not to print too much, though, because nobody needs hyperinflation. People mainly don't care. They think that dollar's been around for long enough, so they believe it will not betray them. I bet many people don't know that printing infinite amounts of money is allowed, and some might still think that dollar is backed up by something like gold. Cryptocurrencies are obviously better in many aspects, but one should just look at volatility to understand why people can't just switch to them.

From what i am read, The Fed having control on world economic because US Dollar needed for global transaction. Interest Rate from The Fed affecting to global economic because if The Fed raise the rate, US Dollar will back to America and its bad for local currency value

Very well said, it's sad but its the reality, the rich are getting richer and the poor are getting poorer.
Blockchain and bitcoin is anti government because its decentralized, if we want our life to be change in the future, we should bet on this technology now.
Government can make regulations but I hope people will object until a regulation will be pro bitcoin and pro people because this is us and this is our future.

I think you should accept this. Because this is the nature of the market, a lot of people will have a lot of power.
We are always on the low side but we can still make money by trading. Don't give up, try to become rich and join the manipulation organization. You will feel yourself very successful. :D