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the fed ,the fed the fed . you have one hell of a miserable life if the fed is your entire center of focus ad naseum
So the Fed is responsible for global competition and automation? If you're mediocre, pick something to do that can't be automated or pushed offshore and join a union.
Considering 99.9999% of the population works indoors the risk is huge.
Okay, let's work through your calculations here.
Phoenix Arizona has delivery people, landscapers, construction workers, road workers, park rangers, roofers, HVAC, cable TV, telecom, postal workers, etc. probably tens of thousands of people who spend a significant portion of their workday outside. They also, like other large urban areas that are warm, have a significant homeless population.
How many die every year from exposure? Take a guess.
Phoenix Arizona has delivery people, landscapers, construction workers, road workers, park rangers, roofers, HVAC, cable TV, telecom, postal workers, etc. probably tens of thousands of people who spend a significant portion of their workday outside. They also, like other large urban areas that are warm, have a significant homeless population.
How many die every year from exposure? Take a guess.
Tens of thousands? Yeah right, maybe a few hundred or a thousand. Many of those jobs are indoors part of the time too such cable tv, park rangers, etc
Tens of thousands? Yeah right, maybe a few hundred or a thousand. Many of those jobs are indoors part of the time too such cable tv, park rangers, etc
Hah hah a metro area with over 4 million people only has a few hundred to a one thousand people total working outdoors? Stats for Phoenix area are here: https://www.bls.gov/oes/current/oes_38060.htm
Landscaping: 13,380
Construction: 78,310
That's just two fields, how is your estimate of a few hundred to a thousand look? Cable TV industry has linesman that work outdoos, not indoors. Throw in estimates for Phoenix homeless that run as high as 25,000 and you're easily looking at over 100k people outside.
This is an interesting demonstration of how far one is willing to go suspending logic and common sense to rationalize nonsensical viewpoints.
WHY didn't the trillions of dollars the Fed created result in inflation? It will have to eventually, won't it?
I think no one understands all this, not even the "geniuses" at the Fed.
Because the Fed did not "create" any money. QE is nothing more than an asset swap, it does not create new money. The only way new money is created is via loans.
MONEY IS NOT PROSPERITY
. . .
Prosperity is based on production, equitable trade and enjoyment of surplus usable goods and services.
That output is dependent upon available labor, multiplied by tools and machines, that transform resources into usable goods and services. . . not the sum or value of circulating money tokens . . . which are not under the control of the producers and laborers, nor have any correspondence with the actual amount of goods and services in the marketplace.
. . .
Those blinded by money madness are only concerned with the relative value of money, the abstraction, but that is not what is important.
. . .
What should be important is the total productive output of a people, and the equitable trade of that output. Obviously the money powers and government have combined to interfere with prosperity for the masses and persuaded them to cooperate in their own subjugation and impoverishment.
Because the Fed did not "create" any money. QE is nothing more than an asset swap, it does not create new money. The only way new money is created is via loans.
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