The U.S. Federal Reserve "prints" money by changing the account balance in banks' reserves at the Fed. It usually does this by buying U.S. Treasuries and mortgage-backed securities from those banks. This pumps money into the economy and pulls those financial items out of circulation. This is also called expanding the money supply - since it is fiat money "printed" out of thin air, it does not put any real value into the economy and eventually you get price inflation (more money chasing the same amount of goods, bids up their prices). When you were young and you asked your parents for something pricey or expensive did they ever say "No; money doesn't grow on trees"? They were looking at the wrong trees.
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The Integrated Man Video Podcast - S2E50: Interconnectedness
Where we apply the concept of the Integrated Man to the entire Universe.
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The Integrated Man Video Podcast - S2E49: Treachery, Deceit, and Villainy
Where we look at how people bring evil into the world.
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The Integrated Man Video Podcast - S2E48: What I'm Thankful For (our 100th episode overall!)
Our Thanksgiving episode where we list what we are thankful for.
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Dear All,
I had a stroke on 11/5 and spent a week in the hospital. I am doing well, but will need surgery in the coming weeks; please continue to pray for me.
Thanks,
-John.
We're going to a local zoo tomorrow - haven't been there in a LONG time. I'm looking forward to it, I find it peaceful. If you have a nearby zoo, consider visiting it soon if you haven't been there in a while. :-)
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The epic tale of "The Boy Who Cried Wolf" has a moral to the story: at the end, after crying "wolf!" falsely and laughing at the woodsmen who comes to "save him", the wolf really does appear and now the woodsmen don't respond to his cries for help. We are seeing that in today's society: these hyperventilating, mouth-frothing, extremists have been screaming that it's "the end of democracy" or "everyone's a racist, bigot, -phobe, (insert whatever here)", or "the climate is going to implode in 12 years" are in for a rude awakening. The wolf is November 8th.
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