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Old 12-24-2019, 08:38 AM
 
9,608 posts, read 4,218,026 times
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Quote:
Originally Posted by C2BP View Post
The FED spent all this money ($3.5 TRILLION) buying treasury bonds and mortgage bonds to keep interest rates from climbing. Repression of interest rates in this way seemed to keep the DEFLATION CYCLE at bay. Except it did not keep the DEBT BUBBLE at bay. Stealing and spending future earnings, our kids and grandkids money is a scam. Theft from the future.
Our kids and grand kids won't be able to invest in bonds or buy a house?
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Old 12-24-2019, 08:46 AM
 
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Originally Posted by pittsflyer View Post
But its so extreme that its leading to socialism, even if a socialist does not end up in office this time around the next time there certianly will be and congress may start filling up with socialists as time goes on.

Can you really blame people, trying to better their situations through political means is a last resort.

I would have thought there would have been massive policy overhaul with the fact that socialism is getting as much attention as it is and they are slowly trickling into office, but the stuanch gop and hard liners are going to push us right into it with their heavy handed tactics.

The govt can most certianly make life easier for young people through policy change but they wont until we are socialist. Maybe they think this is a fad and that somehow all these people will just start liking working at starbucks with a BS degree?

I just dont understand the disfunction ...

You would think that as soon as socialists started being taken seriously someone didnt say ... hey maybe we should fix some of this draconian economic factors ...
Well, these are the sorts of general economic disruptions or imbalances that create the basis for revolution. Although IMO today is not so extreme. For instance, Millennials are not starving in the streets. Our basic social supports are still there, although of course some ideologies would like to pare those back. And are in fact paring back food stamps.

IMO this scenario is due to our otherwise successful capitalistic economy. Profits trickle up and the rich get richer. And I have no problem with that. Except at this point too many of our middle class are waning.

My solution would be to use new central moneys to augment that weakness. Education and HC are two examples.
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Old 12-24-2019, 10:02 AM
 
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Originally Posted by Hoonose View Post

IMO this scenario is due to our otherwise successful capitalistic economy.

We do not have a capitalistic economy any longer, and have not had one since "Too Big to Fail." Various forms of quantitative easing/artificially suppressing interest rates, propping up failing financial institutions, nationalizing the repo market, restarting $60 billion per month now in treasury purchases is not capitalism. In the end this is stripping down the middle class and providing a trickle-up welfare drip for the top.
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Old 12-24-2019, 10:33 AM
 
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Originally Posted by heart84 View Post
We do not have a capitalistic economy any longer, and have not had one since "Too Big to Fail." Various forms of quantitative easing/artificially suppressing interest rates, propping up failing financial institutions, nationalizing the repo market, restarting $60 billion per month now in treasury purchases is not capitalism. In the end this is stripping down the middle class and providing a trickle-up welfare drip for the top.
The above has certainly augmented the rich and/or holders of financial assets, but not necessarily improving on the standard of living of the bulk of the middle class who rely on salary bumps.

But the above also has little to do with almost all businesses, large and small, doing their capitalism day to day in the good ole USA.

All economies have some degree of central controls and monetary controls. And since the 2008 crash we of course see more of it. But IMO we are still with capitalism here.
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Old 12-24-2019, 11:39 AM
 
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Quote:
Originally Posted by Hoonose View Post
Our kids and grand kids won't be able to invest in bonds or buy a house?
We stole and spent their money because we are cowards who are afraid to go thru deflation and depression. Our fathers and grandfathers endured deflation and depression. It’s only this generation who engineered the biggest theft of public money, future earnings, money stolen from our kids and grandkids to delay (not to avoid or defeat) deflation and depression. Bunch of cowards and losers.
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Old 12-24-2019, 11:42 AM
 
858 posts, read 519,064 times
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Quote:
Originally Posted by Hoonose View Post
The above has certainly augmented the rich and/or holders of financial assets, but not necessarily improving on the standard of living of the bulk of the middle class who rely on salary bumps.

But the above also has little to do with almost all businesses, large and small, doing their capitalism day to day in the good ole USA.

All economies have some degree of central controls and monetary controls. And since the 2008 crash we of course see more of it. But IMO we are still with capitalism here.
No, we are NOT with capitalism here. We have Zombie Economy with Zombie Corporations still alive and we have Welfare for the Rich System. ZIRP and QE = Welfare for the Rich, Socialism for the Rich!!! It is a Scam or Fraud. Theft of Public Money. Perversion of Capitalism. No real or organic economic growth since 2001. Pretending, faking or simulating economic growth but in reality only creating asset bubbles and economic cancers with stolen money from the future, from our kids and grandkids. This is the truth!!!
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Old 12-24-2019, 12:26 PM
 
9,608 posts, read 4,218,026 times
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Quote:
Originally Posted by C2BP View Post
We stole and spent their money because we are cowards who are afraid to go thru deflation and depression. Our fathers and grandfathers endured deflation and depression. It’s only this generation who engineered the biggest theft of public money, future earnings, money stolen from our kids and grandkids to delay (not to avoid or defeat) deflation and depression. Bunch of cowards and losers.
I'm not nearly as pessimistic as you. My kids are doing well, and they will have their chances with the future economy and make the best of it.
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Old 12-24-2019, 12:30 PM
 
9,608 posts, read 4,218,026 times
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Quote:
Originally Posted by C2BP View Post
No, we are NOT with capitalism here. We have Zombie Economy with Zombie Corporations still alive and we have Welfare for the Rich System. ZIRP and QE = Welfare for the Rich, Socialism for the Rich!!! It is a Scam or Fraud. Theft of Public Money. Perversion of Capitalism. No real or organic economic growth since 2001. Pretending, faking or simulating economic growth but in reality only creating asset bubbles and economic cancers with stolen money from the future, from our kids and grandkids. This is the truth!!!
IMO your view is hyperbole.

All capitalism has some central controls, monetary policies.

Our prodigy will be here in 100 years still making most of these same comments.
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Old 12-24-2019, 02:33 PM
 
7,657 posts, read 3,371,018 times
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Quote:
Originally Posted by Hoonose View Post
The above has certainly augmented the rich and/or holders of financial assets, but not necessarily improving on the standard of living of the bulk of the middle class who rely on salary bumps.

But the above also has little to do with almost all businesses, large and small, doing their capitalism day to day in the good ole USA.

All economies have some degree of central controls and monetary controls. And since the 2008 crash we of course see more of it. But IMO we are still with capitalism here.
But it does matter, it drives behavior to debt rather than bank rolling the buisness through accumulated interest on savings. That’s a HUGE difference.

One means bankruptcy with you msny bad months the other means less vacations etc.
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Old 12-24-2019, 02:56 PM
 
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Newsflash, the decade ends with 2020, not 2019! This decade is 2011 thru 2020. For the mathematically challenged, there was no year "zero". So year 1 thru 10 is the first decade, etc, etc, etc....
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