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I didn't say the Federal Reserve prints money. I said it creates money. "Monetary policy" means creating money out of thin air. Are you claiming that the Federal Reserve isn't part of the Federal Government?Carter was printing money to pay for his spending, dumbass.i mispoke. i mean the higher the interest rate they will demand. Rates are low now, but they are headed up. i recall what happened when Jimmy Carter was president. We had mortgage rates as high as 12%.No way of knowing what? The more bonds the government prints, the less interest investors are willing to pay.But if we print 30 trillion dollars, we can pay off the debt, right?No one knows for sure. We were certain of hyperinflation because of QE after the Meltdown.
If there is inflation it could be long and rough or it could be spiky and short lived.
No one knows for sure. Especially those whose perceptions are distorted by partisan ideology.
To be fair I think this is one of the times that it's not partisan ideology to realise that spending trillions and giving every endless free stuff would equate to hyperinflation and interest rates that will sink the economy. It's economics 1-0-1 that the biggest dummies like myself can understand.
I do agree though that hyperbole and ideology clouds folks views at the best of times, tho.
I have been screaming this on this site and I get crickets.
My only conclusion is that most Americans are really fucking dumb.
I have laid out the specific math....the response I get is...DERP!
BLACK LIVES MATTER!
As we become Greece.
This Republic is about to fall.
It's only a matter of time before the rest of the world realizes that they're subsidizing our cushy way of life and stops accepting the worthless pieces of paper we send them for the goods they actually create. We'll become a third world country overnight and you can say 'goodbye' to that 'thin veil of civility' that we're only barely holding on to as it is...
Wtf? You seriously need to go look at the difference between monetary policy and fiscal policy.
Debt is financed by gov bonds, meaning SOMEONE IS BUYING IT.
How much debt is too much?
"Too much" for what? For investors to stop buying American bonds?
If you knew anything at all you would know there is no way of knowing that.
It's as simple as that.
How is it possible for you to be sooo wrong, soo often?
Bonds are "printed" when they are bought ignoramus, they are just an "I-owe-you" note with interest the investors buy.
Interest rates are at historic lows, so obviously investors are VERY willing to buy at very low rates despite rapidly increasing national debt.
Yep, it was 12% interest despite very low national debt levels, so maybe you need to rethink your oversimplified understanding of that relationship.
Debt matters and ignoring it may one day end in a disaster for America, but to know exact debt level it happens at is more a matter of opinion than fact.
Ironic for you to call someone a dumbass while saying dumbass nonsense.
Federal government does not "print money" to pay for spending. You are confusing monetary policy by the Federal Reserve Bank and fiscal policy that is taxing and spending.
National deficit is the difference between receipts and spending (inc interest spending), you cannot lower it by "printing money"
It was out of hand because the government created money to pay for the war.Inflation was out of hand in the late 70's due in large part to the end of the war in Vietnam in 75. Gerald Ford had the WIN program that was an acronym for "Whip Inflation Now." High interest rates followed until Reagan's tax act of 1986 and soon after that, interest rates fell, wages kept pace with low inflation for whatever reason. I don't know what the exact influencing factors were as I am not an economist--but that is what happened as a point of history.Carter was printing money to pay for his spending, dumbass.i mispoke. i mean the higher the interest rate they will demand. Rates are low now, but they are headed up. i recall what happened when Jimmy Carter was president. We had mortgage rates as high as 12%.No way of knowing what? The more bonds the government prints, the less interest investors are willing to pay.But if we print 30 trillion dollars, we can pay off the debt, right?No one knows for sure. We were certain of hyperinflation because of QE after the Meltdown.
If there is inflation it could be long and rough or it could be spiky and short lived.
No one knows for sure. Especially those whose perceptions are distorted by partisan ideology.
To be fair I think this is one of the times that it's not partisan ideology to realise that spending trillions and giving every endless free stuff would equate to hyperinflation and interest rates that will sink the economy. It's economics 1-0-1 that the biggest dummies like myself can understand.
I do agree though that hyperbole and ideology clouds folks views at the best of times, tho.
I have been screaming this on this site and I get crickets.
My only conclusion is that most Americans are really fucking dumb.
I have laid out the specific math....the response I get is...DERP!
BLACK LIVES MATTER!
As we become Greece.
This Republic is about to fall.
It's only a matter of time before the rest of the world realizes that they're subsidizing our cushy way of life and stops accepting the worthless pieces of paper we send them for the goods they actually create. We'll become a third world country overnight and you can say 'goodbye' to that 'thin veil of civility' that we're only barely holding on to as it is...
Wtf? You seriously need to go look at the difference between monetary policy and fiscal policy.
Debt is financed by gov bonds, meaning SOMEONE IS BUYING IT.
How much debt is too much?
"Too much" for what? For investors to stop buying American bonds?
If you knew anything at all you would know there is no way of knowing that.
It's as simple as that.
How is it possible for you to be sooo wrong, soo often?
Bonds are "printed" when they are bought ignoramus, they are just an "I-owe-you" note with interest the investors buy.
Interest rates are at historic lows, so obviously investors are VERY willing to buy at very low rates despite rapidly increasing national debt.
Yep, it was 12% interest despite very low national debt levels, so maybe you need to rethink your oversimplified understanding of that relationship.
Debt matters and ignoring it may one day end in a disaster for America, but to know exact debt level it happens at is more a matter of opinion than fact.
I didn't say the Federal Reserve prints money. I said it creates money. "Monetary policy" means creating money out of thin air. Are you claiming that the Federal Reserve isn't part of the Federal Government?Carter was printing money to pay for his spending, dumbass.i mispoke. i mean the higher the interest rate they will demand. Rates are low now, but they are headed up. i recall what happened when Jimmy Carter was president. We had mortgage rates as high as 12%.No way of knowing what? The more bonds the government prints, the less interest investors are willing to pay.But if we print 30 trillion dollars, we can pay off the debt, right?No one knows for sure. We were certain of hyperinflation because of QE after the Meltdown.
If there is inflation it could be long and rough or it could be spiky and short lived.
No one knows for sure. Especially those whose perceptions are distorted by partisan ideology.
To be fair I think this is one of the times that it's not partisan ideology to realise that spending trillions and giving every endless free stuff would equate to hyperinflation and interest rates that will sink the economy. It's economics 1-0-1 that the biggest dummies like myself can understand.
I do agree though that hyperbole and ideology clouds folks views at the best of times, tho.
I have been screaming this on this site and I get crickets.
My only conclusion is that most Americans are really fucking dumb.
I have laid out the specific math....the response I get is...DERP!
BLACK LIVES MATTER!
As we become Greece.
This Republic is about to fall.
It's only a matter of time before the rest of the world realizes that they're subsidizing our cushy way of life and stops accepting the worthless pieces of paper we send them for the goods they actually create. We'll become a third world country overnight and you can say 'goodbye' to that 'thin veil of civility' that we're only barely holding on to as it is...
Wtf? You seriously need to go look at the difference between monetary policy and fiscal policy.
Debt is financed by gov bonds, meaning SOMEONE IS BUYING IT.
How much debt is too much?
"Too much" for what? For investors to stop buying American bonds?
If you knew anything at all you would know there is no way of knowing that.
It's as simple as that.
How is it possible for you to be sooo wrong, soo often?
Bonds are "printed" when they are bought ignoramus, they are just an "I-owe-you" note with interest the investors buy.
Interest rates are at historic lows, so obviously investors are VERY willing to buy at very low rates despite rapidly increasing national debt.
Yep, it was 12% interest despite very low national debt levels, so maybe you need to rethink your oversimplified understanding of that relationship.
Debt matters and ignoring it may one day end in a disaster for America, but to know exact debt level it happens at is more a matter of opinion than fact.
Ironic for you to call someone a dumbass while saying dumbass nonsense.
Federal government does not "print money" to pay for spending. You are confusing monetary policy by the Federal Reserve Bank and fiscal policy that is taxing and spending.
National deficit is the difference between receipts and spending (inc interest spending), you cannot lower it by "printing money"
You can easily lower what the government owes by creating money. For one thing, debasing the currency lowers the value of what the federal government owes.
What else can I school you about, dumbass?
Federal bank does not print money to pay for Fed spending.
I think that could be considered currency manipulation--the Chinese are experts.Federal bank does not print money to pay for Fed spending.
Well, if the Fed expands their balance sheet by $1 trillion at the same time the Treasury borrows $3 trillion, you could make the case that the Fed printed money to partially pay for federal spending.
I think that could be considered currency manipulation--the Chinese are experts.Federal bank does not print money to pay for Fed spending.
Well, if the Fed expands their balance sheet by $1 trillion at the same time the Treasury borrows $3 trillion, you could make the case that the Fed printed money to partially pay for federal spending.
I doubled down on Beanie Babies, one day Hoot the Owl will be more valuable than the Klimt painting of the Woman in GoldWe are all fucked. I put 100% of my invesment equity into Magic:The Gathering cards.
My real fear is another 2008 collapse. Lets all lose 30% of the value of our homes. That will be nice.
Democrats are just outright pillaging the country.
God forbid that ANYONE give money to people in need. Corporations and the wealthy are the only ones entitled to "free shit". Giving money to people makes them lazy.
You're not entirely wrong on this one, but one question, what is a corporation made of?
You're looking for me to say "people", but that's not the correct answer. People manage corporations, they work for corporations, and they own corporations, but they are NOT corporations. A corporation is a legal entity having all of the rights of a natural person to own property, and to conduct business, in the ordinary course.
A corporation is made up of a charter, or an constating document setting out the name, purpose, initial share structure, and limitations of the corporation, and it's initial directors. There is a capital structure, share certificates, and a corporate minute book containing the By-laws and Resolutions of the Directors and Shareholders, The corporation is made up of assets owned by the corporation and liabilities owed by it.
All stimulus monies should be paid to the tax payers. Not the corporations who had their tax bills nearly cut in half from 35% to 21% - a permanent 40% tax reduction. Large multinational corporations were allowed a one-time opportunity to bring home capital overseas subsidiaries at the nominal tax rate of 10%. Capital which had be sitting in offshore accounts for a generation was brought home and the taxes collected on these funds resulted in big jump in corporate taxes paid in 2018. This one time repatriation of funds covered up true costs of the corporate tax cuts.
Almost none of this gift to corporations ended up in the hands of workers. 40% of this money went straight to the shareholders.
.
These 91 companies paid no federal taxes in 2018
A new report from think tank says some of the biggest companies in the country had effective tax rates of 0% or less in 2018.www.cnbc.com
These people don't need stimulus money, but their workers do.
Gasoline? 87 Octane, not "name brand".
$2.89 at 5:30 this morning as I passed the gas station.
$3.09 when I returned from grocery shopping.
Exhausted from racing to stay ahead of the crew increasing the shelf prices only to learn that the "new" and "improved" (read: "higher" prices) were already in the checkout computers.
Front end manager says the chain's M.I.S. department is perfecting software that will raise the prices of items with product codes ending in odd numbers on Mondays, Wednesdays qne Fridays. UPC's ending in even numbers on Tuesdays, Thursdays and Saturdays. They're arguing over whether on Sundays to leave all prices alone or just increase all prices at once.
Plan is to leave the percentage increase programmable up to midnight each night so a management team call review what Xiden said that day and how much room that gives them.
Think I'm kidding? Show on any three or rour (3 or 4, liberals) successive days; look at the UPC codes and prices.
Do you have any evidence that ANY of this is happening, or is this more right wing fear mongering.? I notice not one link is posted. It appears that the radical right has absolutely nothing to counter any of Biden's plan other than scare tactics.
You do understand that your food prices have gone up because there's no illegal immigrants to work in the fields or the processing plants, don't you? That the ONLY reason your food prices have been this cheap for this long is illegal immigration?
Or that your gas prices went up because OPEC cut production to drive up the price of gas?
We are all fucked. I put 100% of my invesment equity into Magic:The Gathering cards.
My real fear is another 2008 collapse. Lets all lose 30% of the value of our homes. That will be nice.
No one knows for sure. We were certain of hyperinflation because of QE after the Meltdown.
If there is inflation it could be long and rough or it could be spiky and short lived.
No one knows for sure. Especially those whose perceptions are distorted by partisan ideology.
To be fair I think this is one of the times that it's not partisan ideology to realise that spending trillions and giving every endless free stuff would equate to hyperinflation and interest rates that will sink the economy. It's economics 1-0-1 that the biggest dummies like myself can understand.
I do agree though that hyperbole and ideology clouds folks views at the best of times, tho.
I have been screaming this on this site and I get crickets.
My only conclusion is that most Americans are really fucking dumb.
I have laid out the specific math....the response I get is...DERP!
BLACK LIVES MATTER!
As we become Greece.
This Republic is about to fall.
No one knows for sure. We were certain of hyperinflation because of QE after the Meltdown.
If there is inflation it could be long and rough or it could be spiky and short lived.
No one knows for sure. Especially those whose perceptions are distorted by partisan ideology.
So, we'll see.
Democrats are just outright pillaging the country.
God forbid that ANYONE give money to people in need. Corporations and the wealthy are the only ones entitled to "free shit". Giving money to people makes them lazy.
You're not entirely wrong on this one, but one question, what is a corporation made of?
You're looking for me to say "people", but that's not the correct answer. People manage corporations, they work for corporations, and they own corporations, but they are NOT corporations. A corporation is a legal entity having all of the rights of a natural person to own property, and to conduct business, in the ordinary course.
A corporation is made up of a charter, or an constating document setting out the name, purpose, initial share structure, and limitations of the corporation, and it's initial directors. There is a capital structure, share certificates, and a corporate minute book containing the By-laws and Resolutions of the Directors and Shareholders, The corporation is made up of assets owned by the corporation and liabilities owed by it.
All stimulus monies should be paid to the tax payers. Not the corporations who had their tax bills nearly cut in half from 35% to 21% - a permanent 40% tax reduction. Large multinational corporations were allowed a one-time opportunity to bring home capital overseas subsidiaries at the nominal tax rate of 10%. Capital which had be sitting in offshore accounts for a generation was brought home and the taxes collected on these funds resulted in big jump in corporate taxes paid in 2018. This one time repatriation of funds covered up true costs of the corporate tax cuts.
Almost none of this gift to corporations ended up in the hands of workers. 40% of this money went straight to the shareholders.
.These 91 companies paid no federal taxes in 2018
A new report from think tank says some of the biggest companies in the country had effective tax rates of 0% or less in 2018.
These people don't need stimulus money, but their workers do.
Gasoline? 87 Octane, not "name brand".
$2.89 at 5:30 this morning as I passed the gas station.
$3.09 when I returned from grocery shopping.
Exhausted from racing to stay ahead of the crew increasing the shelf prices only to learn that the "new" and "improved" (read: "higher" prices) were already in the checkout computers.
Front end manager says the chain's M.I.S. department is perfecting software that will raise the prices of items with product codes ending in odd numbers on Mondays, Wednesdays qne Fridays. UPC's ending in even numbers on Tuesdays, Thursdays and Saturdays. They're arguing over whether on Sundays to leave all prices alone or just increase all prices at once.
Plan is to leave the percentage increase programmable up to midnight each night so a management team call review what Xiden said that day and how much room that gives them.
Think I'm kidding? Show on any three or rour (3 or 4, liberals) successive days; look at the UPC codes and prices.
Do you have any evidence that ANY of this is happening, or is this more right wing fear mongering.? I notice not one link is posted. It appears that the radical right has absolutely nothing to counter any of Biden's plan other than scare tactics.
You do understand that your food prices have gone up because there's no illegal immigrants to work in the fields or the processing plants, don't you? That the ONLY reason your food prices have been this cheap for this long is illegal immigration?
Or that your gas prices went up because OPEC cut production to drive up the price of gas?
Geezus Christo, she's loonier than I ever imagined. And that's saying something b/c I thought she was a loon BEFORE this response...
I said it creates money, and yes it does. People who don't understand that are brainwashed minions.I didn't say the Federal Reserve prints money. I said it creates money. "Monetary policy" means creating money out of thin air. Are you claiming that the Federal Reserve isn't part of the Federal Government?Carter was printing money to pay for his spending, dumbass.i mispoke. i mean the higher the interest rate they will demand. Rates are low now, but they are headed up. i recall what happened when Jimmy Carter was president. We had mortgage rates as high as 12%.No way of knowing what? The more bonds the government prints, the less interest investors are willing to pay.But if we print 30 trillion dollars, we can pay off the debt, right?No one knows for sure. We were certain of hyperinflation because of QE after the Meltdown.
If there is inflation it could be long and rough or it could be spiky and short lived.
No one knows for sure. Especially those whose perceptions are distorted by partisan ideology.
To be fair I think this is one of the times that it's not partisan ideology to realise that spending trillions and giving every endless free stuff would equate to hyperinflation and interest rates that will sink the economy. It's economics 1-0-1 that the biggest dummies like myself can understand.
I do agree though that hyperbole and ideology clouds folks views at the best of times, tho.
I have been screaming this on this site and I get crickets.
My only conclusion is that most Americans are really fucking dumb.
I have laid out the specific math....the response I get is...DERP!
BLACK LIVES MATTER!
As we become Greece.
This Republic is about to fall.
It's only a matter of time before the rest of the world realizes that they're subsidizing our cushy way of life and stops accepting the worthless pieces of paper we send them for the goods they actually create. We'll become a third world country overnight and you can say 'goodbye' to that 'thin veil of civility' that we're only barely holding on to as it is...
Wtf? You seriously need to go look at the difference between monetary policy and fiscal policy.
Debt is financed by gov bonds, meaning SOMEONE IS BUYING IT.
How much debt is too much?
"Too much" for what? For investors to stop buying American bonds?
If you knew anything at all you would know there is no way of knowing that.
It's as simple as that.
How is it possible for you to be sooo wrong, soo often?
Bonds are "printed" when they are bought ignoramus, they are just an "I-owe-you" note with interest the investors buy.
Interest rates are at historic lows, so obviously investors are VERY willing to buy at very low rates despite rapidly increasing national debt.
Yep, it was 12% interest despite very low national debt levels, so maybe you need to rethink your oversimplified understanding of that relationship.
Debt matters and ignoring it may one day end in a disaster for America, but to know exact debt level it happens at is more a matter of opinion than fact.
Ironic for you to call someone a dumbass while saying dumbass nonsense.
Federal government does not "print money" to pay for spending. You are confusing monetary policy by the Federal Reserve Bank and fiscal policy that is taxing and spending.
National deficit is the difference between receipts and spending (inc interest spending), you cannot lower it by "printing money"
You can easily lower what the government owes by creating money. For one thing, debasing the currency lowers the value of what the federal government owes.
What else can I school you about, dumbass?
Federal bank does not print money to pay for Fed spending.
Get it? No? Ok it is what it is, you can get back to your regularly scheduled life of never ending bs and ignorance.
I said it creates money, and yes it does. People who don't understand that are brainwashed minions.I didn't say the Federal Reserve prints money. I said it creates money. "Monetary policy" means creating money out of thin air. Are you claiming that the Federal Reserve isn't part of the Federal Government?Carter was printing money to pay for his spending, dumbass.i mispoke. i mean the higher the interest rate they will demand. Rates are low now, but they are headed up. i recall what happened when Jimmy Carter was president. We had mortgage rates as high as 12%.No way of knowing what? The more bonds the government prints, the less interest investors are willing to pay.But if we print 30 trillion dollars, we can pay off the debt, right?No one knows for sure. We were certain of hyperinflation because of QE after the Meltdown.
If there is inflation it could be long and rough or it could be spiky and short lived.
No one knows for sure. Especially those whose perceptions are distorted by partisan ideology.
To be fair I think this is one of the times that it's not partisan ideology to realise that spending trillions and giving every endless free stuff would equate to hyperinflation and interest rates that will sink the economy. It's economics 1-0-1 that the biggest dummies like myself can understand.
I do agree though that hyperbole and ideology clouds folks views at the best of times, tho.
I have been screaming this on this site and I get crickets.
My only conclusion is that most Americans are really fucking dumb.
I have laid out the specific math....the response I get is...DERP!
BLACK LIVES MATTER!
As we become Greece.
This Republic is about to fall.
It's only a matter of time before the rest of the world realizes that they're subsidizing our cushy way of life and stops accepting the worthless pieces of paper we send them for the goods they actually create. We'll become a third world country overnight and you can say 'goodbye' to that 'thin veil of civility' that we're only barely holding on to as it is...
Wtf? You seriously need to go look at the difference between monetary policy and fiscal policy.
Debt is financed by gov bonds, meaning SOMEONE IS BUYING IT.
How much debt is too much?
"Too much" for what? For investors to stop buying American bonds?
If you knew anything at all you would know there is no way of knowing that.
It's as simple as that.
How is it possible for you to be sooo wrong, soo often?
Bonds are "printed" when they are bought ignoramus, they are just an "I-owe-you" note with interest the investors buy.
Interest rates are at historic lows, so obviously investors are VERY willing to buy at very low rates despite rapidly increasing national debt.
Yep, it was 12% interest despite very low national debt levels, so maybe you need to rethink your oversimplified understanding of that relationship.
Debt matters and ignoring it may one day end in a disaster for America, but to know exact debt level it happens at is more a matter of opinion than fact.
Ironic for you to call someone a dumbass while saying dumbass nonsense.
Federal government does not "print money" to pay for spending. You are confusing monetary policy by the Federal Reserve Bank and fiscal policy that is taxing and spending.
National deficit is the difference between receipts and spending (inc interest spending), you cannot lower it by "printing money"
You can easily lower what the government owes by creating money. For one thing, debasing the currency lowers the value of what the federal government owes.
What else can I school you about, dumbass?
Federal bank does not print money to pay for Fed spending.
Get it? No? Ok it is what it is, you can get back to your regularly scheduled life of never ending bs and ignorance.
Fed Bank inflates their balances, by "printing money" or "QE" or whatever you want to call it. IT DOES NOT REDUCE DEFICITS,
Do a search on this site and look at how many times I have posted about this. Its simple fucking math. Yes, I have a degree in finance and 25 years experience in corporate finance in the tech industry...but any fucking 4th grader can understand this math DOES NOT FUCKING WORK.
My lefty friends have said for years they dont care about the debt as long as they keep getting free shit. IT....IS....NOT...SUSTAINABLE.
Diversification into counter market investments is crucial now. And by the way...the Biden Gestapo will shut down cyrptocurrencies. It will happen. The Fed will demand it.
