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Fed assisted in printing more money, and the stock market is over inflated.. the money is leaving the USA going to Mexico, China, and the Middle East nations for we consume , consume and consume.. China is so rich that they are loaning money to us and our deficit is growing. The spending here is atrocious for federal programs, and the money is leaving .
Food stamps drives food prices up, free medical care drives cost of insurance up, and free housing drives up rents.
Illegals have figured out to join in the programs with birthright privileges and bilk the system.
We are in financial ruin but the smoke and screens continue as the deficit climbs with no one to fix the problem.. then there is Trump.
When the stock market tanks , it will affect many many people.
Let's not forget that the puppets at the Feds have not only destroyed the U.S. economy but are complicit it the disaster that has befallen all world economies.
QE has inflated assets nicely, but has not stimulated general inflation. First off most of QE never left bankers reserves, as they sat there helping to keep interest rates low. Secondly, because of the resultant low interest rates, returns on private sector fixed income investments went to about nil. So about $80B or so of potential interest income to the people instead went to the Treasury from the Fed. One good thing was that our National Debt dropped by that amount.
Marie Osmond says she lost 50# everyday on TV and never looks any different.
National debt is roughly $18.5T...dropping $80B is like a tank losing a rivet.
QE was but BS artistry pulled off by the party in power to transfer funds.
Roughly HALF of American workers are either directly or indirectly are invested in the stock market. Virtually all of those folks have seen gains due to QE. In addition, more than half of all Americans are homeowners - and they also have seen their wealth increase as their home values rose. That's a LOT of people who have benefited from something you seem to think only benefited the banks.
Sounds to me like you are just bitter that you weren't smart enough to put money in the stock market or the housing market. Maybe because you were one of those misinformed "doom and gloom" folks who believed that the dollar was going to collapse, gold was going to hit $5,000/ounce and the "shadow inventory" of foreclosed homes was going to drive home prices down to the point where you could pick up a house anywhere in the country for nearly free.
How'd that work out?
Ken
Did you forget 2009 and the housing crisis?.. there are still foreclosures hitting the market . The stock market bubble is there because banks are so broke they can't give any interest on savers money. The only place to put money is in the stock market.
The banks lost the principal not just the interest on millions of mortgages. They were past broke.
Did you forget 2009 and the housing crisis?.. there are still foreclosures hitting the market . The stock market bubble is there because banks are so broke they can't give any interest on savers money. The only place to put money is in the stock market.
The banks lost the principal not just the interest on millions of mortgages. They were past broke.
The primary beneficiaries of the latest version of stock market bubbles is the top 1%:
How is this magically transfer of wealth accomplished? By stealing money! Just give savers 0% interest and of course the uber-rich get richer. They have an unlimited supply of free money to buy anything they want!
So it is an old story. You give people a few cents and they don't mind the millions they lose. The show is not over until the fast person sings - for the third time. And this is song is going to end with a giant belch or a huge disaster of historical proportions.
The Fed is accountable. President Obama could have removed the QE Trickle Down implementers at the fed...he kept them and appointed more QE trickle downers.
QE trickle down exists, because Obama picked every pick he had to QE trickle down implementers.
Obama owns QE.
Make up your mind conservatives! Y'all were advocating a lot of supply side economics during Obama's first term now y'all have changed your minds when it has become convenient!?!?!?! Have y'all given up on teh "producers"?!/1/1/!/!?!11? Ronald Reagan is turning over in his grave!111!!11!
Make up your mind conservatives! Y'all were advocating a lot of supply side economics during Obama's first term now y'all have changed your minds when it has become convenient!?!?!?! Have y'all given up on teh "producers"?!/1/1/!/!?!11? Ronald Reagan is turning over in his grave!111!!11!
I've argued against it even when Bush was president. So did many of those who ended up supporting Obama over it.
How is this magically transfer of wealth accomplished? By stealing money! Just give savers 0% interest and of course the uber-rich get richer. They have an unlimited supply of free money to buy anything they want!
So it is an old story. You give people a few cents and they don't mind the millions they lose. The show is not over until the fast person sings - for the third time. And this is song is going to end with a giant belch or a huge disaster of historical proportions.
If only the middle class (in general) wasn't so much in debt, more of them would have benefited from smart investing..... This young, lower middle class dude is laughing at the bank at all those folks who have to keep up with the Joneses.
Those McMansions be expensive..... Gotta cool that 3000 sq ft house down.... Need to water that lawn.... Fill all those bedrooms and rooms with furniture... Need to buy a new car every time you pay the last one off... etc.
While it's not all the middle class's fault, but they do represent a lot of bad spending and money management.
I disagree! It made the wealthy UBER, FILTHY WEALTHY!! In fact it created the largest income gap in history! Well done.. The really scary part is they have nothing left for the coming crash..
We knew it would not boost the economy even before it started.
If only the middle class (in general) wasn't so much in debt, more of them would have benefited from smart investing..... This young, lower middle class dude is laughing at the bank at all those folks who have to keep up with the Joneses.
Those McMansions be expensive..... Gotta cool that 3000 sq ft house down.... Need to water that lawn.... Fill all those bedrooms and rooms with furniture... Need to buy a new car every time you pay the last one off... etc.
While it's not all the middle class's fault, but they do represent a lot of bad spending and money management.
I suspect there are a lot of middle class families in "McMansions with nice lawns" that are laughing at you lower middle class dudes while they enjoy their lifestyle.
Why do you think people who buy nice houses are "keeping up with the Joneses"?
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