The federal reserve is going to pull another ONE TRILLION DOLLARS OUT OF THEIR ASS!

Discussion in 'Politics' started by Reasoning, Nov 4, 2010.

  1. Reasoning
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    Reasoning Active Member

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    The federal reserve is going to pull another ONE TRILLION DOLLARS OUT OF THEIR ASS! Have fun with the inflation everyone! =)

    :mad::mad::mad:

    I wonder how little your dollars are going to need to be worth before some of you choose to start paying attention to federal monetary policy...?

    [ame]http://www.youtube.com/watch?v=GNqxGtzUW4I[/ame]
     
  2. Oddball
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    Oddball BANNED Supporting Member

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    Buy more gold and silver.
     
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  3. Urkie
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    Urkie Member

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    This is why the Federal Reserve needs to be abolished. Just keep on printing money we don't have because all we need right now is for the price of stuff to go up. :clap2:

    It's basically increasing our taxes without actually doing it. The silent tax increase.
     
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  4. Big Fitz
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    Big Fitz User Quit *****

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    and those of us living paycheck to paycheck are fooked. Looking forward to the +20% inflation... NOT
     
  5. Spoonman
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    Spoonman Gold Member

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    You spelled out of our pockets and out of the pockets of our future generations wrong.
     
  6. LiberalNut
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    LiberalNut Member

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    It's simply nonsense in this economic environment to be worried about inflation. Such ranting does nothing but show your complete ignorance on how the economy actually works.

    But, that said, I don't expect QE2 to work any better than QE1 did. The balance sheets of banks aren't the problem. It's the distribution of wealth that is the core problem and until that is addressed, happy unemployment.
     
  7. Urkie
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    Urkie Member

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    I would agree with you if we weren't already 13 trillion in the hole. That's when inflation becomes a major problem. The debt will eventually catch up to us in the way of higher interest rates and countries then not lending us money.

    It becomes easier for us to export if that happens but what do we make in this country?
     
  8. Spoonman
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    Spoonman Gold Member

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    Good porn.
     
  9. LiberalNut
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    LiberalNut Member

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    I would agree with you if we weren't already 13 trillion in the hole. That's when inflation becomes a major problem.

    No dude. The exact opposite is true. If we actually got inflation from this, which we won't, inflation would actually reduce the debt in real terms. Sure, you'd have to offer future debt at a higher rate but in the short term, that doesn't really effect anything.

    It becomes easier for us to export if that happens but what do we make in this country?

    Don't forget that the flip side is also true. Exports get cheaper and imports get more expensive. We still make things here but one theory would be that by devaluing the dollar, you might spur domestic investment in more productive capacity. I would argue that this isn't the right way to do that but hey, who listens to me anyway?

    What the fed is actually trying to do is get banks to lend. But the banks are perfectly willing to lend right now if you have the requisite credit rating. The problem is that the growth of the Bush years was based on debt, not just federal but private. Indeed, private debt absolutely dwarfs public debt. Until the consumer either pays down enough debt to rate having more lent to them, QE2 changes nothing. That's the path to depression BTW.

    The answer is not to improve the balance sheet of banks but rather to improve the balance sheets of consumers. the way to do that is to redistribute wealth.
     
  10. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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    Hey why shouldnt out money policies be run by private bankers instead of elected officials?
     

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