Fed: QE Did Nothing For Economy (generation, Brown, solution, myths)

[pknopp]

Originally Posted by Hoonose

More crumping banks since 2008. But nothing like the '80's and '90's.

Bank Failures Have Declined Over The Last 3 Years | Seeking Alpha

Study modern money and lending and see that fractional reserve lending is passe'.

Banks lend first, and those loans create the deposits. Banks don't need your money to lend. They lend and can easily get their reserves requirements met by dinner time via the Fed/banking system.

The truth is out: money is just an IOU, and the banks are rolling in it | David Graeber | Comment is free | The Guardian

http://www.bankofengland.co.uk/publi...4/qb14q102.pdf

When you have fewer banks, you will naturally have fewer failures.

[Hoonose]

Originally Posted by pknopp

That's simply not true. Large segments of the country did not over inflate their housing markets and in turn did not collapse. My house valuation has been stable for years. I could have sold my house in 2010 for relatively the same as in 2007.

It was a very broad problem, but OK, not every neighborhood.

[pknopp]

Originally Posted by Hoonose

The whole concept is ridiculous. We don't create more USD for anyone born in China. China creates Yuan for their people.

Fed Rate Policies Aid Foreign Banks - WSJ

[Hoonose]

Originally Posted by pknopp

Yes you have. Every time prices at the grocery store goes up (which is now weekly)

Inflation is everyone's indirect payment on everything. But we did not primarily pay those interest payments.

[Hoonose]

Originally Posted by pknopp

Fed Rate Policies Aid Foreign Banks - WSJ

Fed money in NOT our money. Many $T's conjured by the Fed in 2008/9 went all over the world and essentially all was paid back and/or cancelled as money. It never came from you and me, and it no longer exists in the world.

[pknopp]

Originally Posted by Hoonose

It was a very broad problem, but OK, not every neighborhood.

It was only a small number of areas that popped.

Some of those areas were high population areas but much of the country underwent nothing.

When the House Bubble Burst, Rural Prices Kept Steady | Daily Yonder | Keep It Rural

Most places were relatively mild and would have corrected on it's own.

PropertyInvesting.net: property investment special reports: 224: USA Real Estate Crash Maps - boom, bust, foreclosures, negative equity risk, population, poverty, subprime foreclosure, happiness, income....

[pknopp]

Originally Posted by Hoonose

Fed money in NOT our money. Many $T's conjured by the Fed in 2008/9 went all over the world and essentially all was paid back and/or cancelled as money. It never came from you and me, and it no longer exists in the world.

We have been told the funds were paid back but we all know that is a lie.

[Hoonose]

Originally Posted by pknopp

It was only a small number of areas that popped.

Some of those areas were high population areas but much of the country underwent nothing.

When the House Bubble Burst, Rural Prices Kept Steady | Daily Yonder | Keep It Rural

Most places were relatively mild and would have corrected on it's own.

PropertyInvesting.net: property investment special reports: 224: USA Real Estate Crash Maps - boom, bust, foreclosures, negative equity risk, population, poverty, subprime foreclosure, happiness, income....

I live rural and it was in the shtters here. Sure most of it has corrected since 2008. But oiginally the largest and most massive evaporation of middle class wealth ever.

The Middle Class Loses a Generation

[Hoonose]

Originally Posted by pknopp

We have been told the funds were paid back but we all know that is a lie.

It is all accounted for and public knowledge. Just Google '29 Trillion'.

[J.Thomas]

Originally Posted by pknopp

History is not going to treat Bernanke very well.

Agreed.

He is the most destructive man ever held the high office.