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.
Modern Monetary Theory makes no sense to most economists, yet it has been accepted. Governments like it because it says there are no limits to creating and spending money.
But MMT still doesn't make sense, and it has to ultimately result in disaster. Just that no one can know when.
Fed's brilliant plan is to continue to pump steroids and adrenalin into the Dead Economy, pretending that they can raise it from the dead by stuffing the corpse with more and more of our money. Remember, the Fed is not using their own money. The FED is using our money for this Modern Monetary Experiment.
Somebody needs to warn people not to follow Deutsche Bank analysts. Wall Street conventional wisdom whose recommendations lead to inferior results. The Fed needs to taper and bump Fed Funds up, but they're moving slowly in part because Powell's up for re-appointment, so won't happen until next year. But with 10 year yields having moved up over 1.5%, the long bond market is preparing for this.
1.5% is an absolutely pathetic yield. Does anyone really believe that $11.5K in 10 years will have the same purchasing power as $10K today? No investor in their right mind would buy these bonds.
Quote:
Originally Posted by C2BP
Fed's brilliant plan is to continue to pump steroids and adrenalin into the Dead Economy, pretending that they can raise it from the dead by stuffing the corpse with more and more of our money. Remember, the Fed is not using their own money. The FED is using our money for this Modern Monetary Experiment.
They're not taking our money so much, but they are stealing tremendous amounts of our purchasing power with every dollar they print out of nothing.
In any case, it's too late. The best we can do now is damage control. Make prudent financial decisions of avoiding debt, not spending everything you make, etc.
But even more importantly, we need to prepare ourselves for very hard times going forward. We need to strengthen ourselves physically, mentally, and spiritually. It's gonna be rough. People all over the world see what's happening.
As this low key, level headed, Norwegian guy said, the big cities are becoming death traps:
In any case, it's too late. The best we can do now is damage control. Make prudent financial decisions of avoiding debt, not spending everything you make, etc.
But even more importantly, we need to prepare ourselves for very hard times going forward. We need to strengthen ourselves physically, mentally, and spiritually. It's gonna be rough. People all over the world see what's happening.
As this low key, level headed, Norwegian guy said, the big cities are becoming death traps:
Yes, because most of you are clueless and blind to see what is going on. No real economic growth for 20 years. For 20 years the Fed is SIMULATING or FAKING economic growth and stealing + spending money from our kids and grandkids.
It seems that some of you don't want to know the TRUTh and want to continue believing in FAIRY TAILS.
I have never known fairies to have tails. Wings, maybe.
[quote=RationalExpectations;61201994]The bold above is incorrect.
It was about ensuring businesses had access to low-cost capital to fund expansion.
It was also about the relative interest rates the US government compared to the German government, the French government, the Italian government, the UK government, the Irish government, etc. At the time, the US government was paying more to borrow than those other governments.[/QUOTE}]
But public companies did not fund expansion, they did stock buybacks.
Fed's brilliant plan is to continue to pump steroids and adrenalin into the Dead Economy, pretending that they can raise it from the dead by stuffing the corpse with more and more of our money. Remember, the Fed is not using their own money. The FED is using our money for this Modern Monetary Experiment.
Well they're using fake money. But in a way it's ours because of the inflation it will cause.
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,462,476 times
Reputation: 6670
Quote:
Originally Posted by C2BP
Alan Greenspan gottt into an act of interest rate repression until 2004. In 2004-5 Greenspan raised rates, and the economy shuddered again. He did not want to be the bad guy who wrecked the economy so he retired. In 1999 he had been hailed by Time Magazine as one of the three men who saved the world.
Then of course came Ben Bernanke with his QE and ZIRP to try to keep the world saved. Did he save the world??? Attachment 229830
Sorry if I've 'misjudged' anyone.... but aren't y'all the same folks always extolling the, um, 'virtues' of an unregulated Free Market (just like Greenspan did, and to a 'somewhat' lesser extent, same as Bernanke...)?!
In any case, it's too late. The best we can do now is damage control. Make prudent financial decisions of avoiding debt, not spending everything you make, etc.
But even more importantly, we need to prepare ourselves for very hard times going forward. We need to strengthen ourselves physically, mentally, and spiritually. It's gonna be rough. People all over the world see what's happening.
As this low key, level headed, Norwegian guy said, the big cities are becoming death traps:
The best way to destroy capitalism was to "debauch" (devalue) the currency.
Nicolai Lenin - the leader of the Russian communist revolution
Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
The very concept of Central Banking comes straight out of the Communist Manifesto. No joke :
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.
