Government is making things worse, QE3?...already happening.

Discussion in 'Economy' started by iamwhatiseem, Jun 23, 2011.

  1. iamwhatiseem
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    iamwhatiseem Gold Member

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    Much to my surprise...not...the FED has already began QE3.
    I think this is a deadly mistake that will keep Wall Street afloat and making money - all the while ignoring the rest of America.
    QE3 will absolutely, unarguably create long-term inflation and long term stagnation.

    When will this government face the fact that injecting more money into the system is NOT having any desired effect beyond imperiling our future and further delaying what is impossible to avoid - America will have to get used to a lower standard of living - period.
    You cannot outsource jobs overseas at the same time technology and automation requires fewer employees - AND THINK THERE WILL BE NO EFFECT.
    For 20 years we ignored this fact and tried to pretend that borrowing is the same as earning - it is not....and that includes you Mr. President.
     
  2. iamwhatiseem
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    iamwhatiseem Gold Member

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    What say you?
     
  3. Trajan
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    Trajan conscientia mille testes

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    sniff sniff.... I made a QE3 all in thread....why do you hatez me?:(


    ( do you have a link btw?)
     
  4. iamwhatiseem
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    iamwhatiseem Gold Member

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    ...looking...hey wait I remember that...
     
  5. Brutus
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    Brutus Senior Member

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    it has?????
     
  6. Brutus
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    Brutus Senior Member

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    that of course is 100% not true. Injecting money has avoided deflation and Depression and allowed 91% of Americans to keep working.
     
  7. iamwhatiseem
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    iamwhatiseem Gold Member

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    Wow...that was a mouthful.
    I didn't get one red cent, and neither did my business or my entire industry - yet somehow I still have a job.
    Everything else you said - conjecture.
     
  8. Brutus
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    Brutus Senior Member

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    that of course is 100% not true. Injecting money has avoided deflation and Depression and allowed 91% of Americans to keep working.[/QUOTE]

    Wow...that was a mouthful.
    I didn't get one red cent, and neither did my business or my entire industry - yet somehow I still have a job.[/quote]

    yes but only because there is an economy in which to have a job and industry. Without the bailouts we would have had collapse deflation and depression almost guaranteed.


    what?? We saw bank collapse in Panic of 1907 and Depression. JUst Lehman was enough to shock the system. A little default in Greece can bring it all down. Bailout are key so you don't have panics, bank runs, deflation etc.
     
    Last edited: Jun 23, 2011
  9. william the wie
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    william the wie Gold Member

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    With the massive shrinkage of the civilian labor force over the past 4 years, SSI and DI claims growing like crazy and similar problems you think maybe you want to recheck your data for possible restatement?
     
  10. Brutus
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    Brutus Senior Member

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    what data and what conclusions???????? Why be afraid to say?
     

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