Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Von Mises wrote, "A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the policy it is following if it reveals too soon the financial and general economic consequences of that policy. Thus inflation becomes the most important psychological resource of any economic policy whose consequences have to be concealed; and so in this sense it can be called an instrument of unpopular, that is, of antidemocratic policy, since by misleading public opinion it makes possible the continued existence of a system of government that would have no hope of the consent of the people if the circumstances were clearly laid before them.
This article pertains to the quantive easing and the value of the US dollar very interesting read.....
Currently the problem is deflation. By some definitions, the amount of money in circulation has dropped by billions. Maybe more money should be printed to stop the deflationary spiral. And as far as taxes, not only don't the politicians have the guts to raise taxes, but that in itself would be deflationary.
We have both going on at the same time, things you need are increasing in price, that what you own is decreasing in value. So to be true we have both happening at the same time the problem is when the government starts printing and disbersing the money to stop deflation then hyperinflation will already be in place.
QE as practised by the fed is not what we need. What we need is printed money to be distributed to everyone to spend. This will stimulate the consumer economy with more spending money. We have crossed the point where more debt makes the economy grow what we need now is less debt to make the economy grow. It is a bad place to be.
"This economy continues to struggle with a fundamental problem, which is that debt obligations exceed the ability to service them." from the link.
Write them off as bad (the debts) or create the wages to service them. Up the minimum wage far enough to push the median income high enough to restructure the debt. Then QE III will keep things from imploding.
That is what needs to happen to save the banks and their investors from ruin.
Von Mises wrote, "A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the policy it is following if it reveals too soon the financial and general economic consequences of that policy. Thus inflation becomes the most important psychological resource of any economic policy whose consequences have to be concealed; and so in this sense it can be called an instrument of unpopular, that is, of antidemocratic policy, since by misleading public opinion it makes possible the continued existence of a system of government that would have no hope of the consent of the people if the circumstances were clearly laid before them.
This article pertains to the quantive easing and the value of the US dollar very interesting read.....
That spells it out perfectly. Papering over the wound with trillions in QE1-4 to hide how dire things are, meanwhile, looting the treasury to pay their cronies before the *** is up.
Edit: Good grief, the web site bleeped out a word for ***, a lively Irish folk dance??????
I'm confused, how the hell did a lively Irish folk dance become a curse word? What kind of a PC crap world has our society devolved into?
Yeah right....likely to trigger a collapse at some time in the future no one knows about.
Where it's been nearly 4 years now of the author saying it's coming any day.
I can't believe people still swallow this doom and gloom crap over and over.
So, it's normal and healthy for the fed to pump in $700-$900 billion year into the stock market? Because it's freeeeeeeeeeeeeeeeeeeeeeeeee
$17.6 trillion in fiscal debt, $128 trillion in unfunded liabilities, and the fed adding another $700 billion a year, and you don't see a down side?
Oh I forget, you guys are too busy chasing your Utopian rainbows to let reality enter into your thoughts. since Obama is behind the debt and QE4 then it's rainbow city.
That spells it out perfectly. Papering over the wound with trillions in QE1-4 to hide how dire things are, meanwhile, looting the treasury to pay their cronies before the *** is up.
Edit: Good grief, the web site bleeped out a word for ***, a lively Irish folk dance??????
I'm confused, how the hell did a lively Irish folk dance become a curse word? What kind of a PC crap world has our society devolved into?
Quote:
Originally Posted by OICU812
So, it's normal and healthy for the fed to pump in $700-$900 billion year into the stock market? Because it's freeeeeeeeeeeeeeeeeeeeeeeeee
Of course, because it's a conspiracy. Everything is a conspiracy. Missing one part of a pair of socks, the things cats chanse behind pillows, the rain....everything.
Where it's been nearly 4 years now of the author saying it's coming any day.
I can't believe people still swallow this doom and gloom crap over and over.
OK so why do you think the future is so bright we all have to wear shades? Long slow slide down into mediocrity that is more likely. But you know it could go fast, but only if something happens that they don't see coming.
We need the income to service our debts. Or less debts. Take your pick. This problem isn't going to go away. Four years later is still hasn't much changed.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
