Look, the Fed printing money doesn't "stimulate" anything except the balance sheets of its own member banks and their friends. It is functionally equivalent to counterfeiting on a mass scale. Why do you think counterfeiting is illegal? It gives the counterfeiter a (stolen) financial benefit, then dilutes the value of existing money. Anyone posting on a hacker forum should understand this basic functional relationship. It really isn't hard to grasp. Inflation doesn't create wealth. It transfers wealth. It's not very difficult to see which direction it's being transferred. Trying to stop this is not 'crazy'. It's common sense.
International food prices recently hit an all time high. Americans really need to wake up from their fantasies quick. Their incredible ignorance of how their leaders operate is costing the world a nearly unimaginable toll of suffering and death, and it's getting worse every day.
Lowering the interest rate isn't printing money, it's making the money they print to give out as loans to corrupt banks cheaper to obtain, thereby causing them to print more of it. Where do you think they get the money for these loans? The Fed's whole reason for existence is to create money. Greenspan or Bernanke would tell you that.
The Federal Reserve has responsibility for both interest rates and creation of money (check out the Wikipedia page). I believe the parent was referring to the Fed increasing M0, the base money supply. Interesting things have been happening to M0 over the past couple of years. Also, the Fed sets reserve requirements on the banks, which directly affects how much money they (the banks) can create (M1 and higher).
International food prices recently hit an all time high. Americans really need to wake up from their fantasies quick. Their incredible ignorance of how their leaders operate is costing the world a nearly unimaginable toll of suffering and death, and it's getting worse every day.