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Do they not understand how our currency works? If there's no national deficit, the federal reserve won't have any reserves to buy in order to do a QE. Do you want our country to slide into another Great Depression?
Do they not understand how our currency works? If there's no national deficit, the federal reserve won't have any reserves to buy in order to do a QE. Do you want our country to slide into another Great Depression?
Good luck trying to explain that. Its like trying to show a New Guinea bushman his image in a mirror. He will chase you in the jungle for trying to steal his soul.
We have a private debt problem and a foreign debt problem, not a national debt problem.
Do they not understand how our currency works? If there's no national deficit, the federal reserve won't have any reserves to buy in order to do a QE. Do you want our country to slide into another Great Depression?
If there's no national deficit, the federal reserve won't have any reserves to buy in order to do a QE.
My God, is this what we've devolved into? A nation that must go into debt in order to allow the Federal Reserve to engage in even more damaging monetary policy? Is that really what we're arguing for these days?
Do they not understand how our currency works? If there's no national deficit, the federal reserve won't have any reserves to buy in order to do a QE. Do you want our country to slide into another Great Depression?
Anyone with financial sense knows that we shouldn't be doing QE rendering debt unnecessary. You are buying into the ridiculous notion that this country can't run in the black. I'm tired of hearing about absurd progressionomics with the "hook line and sinker" cast out for anyone gullible enough to take a bite.
Quote:
Originally Posted by AeroGuyDC
My God, is this what we've devolved into? A nation that must go into debt in order to allow the Federal Reserve to engage in even more damaging monetary policy? Is that really what we're arguing for these days?
Apparently that's how the "self proclaimed educated class" are taught to manage their finances. I'd love to see them sit down with their bank manager and explain how they must spend more than they take in, in order to extend quantitative easing to their children. It's simply impossible to run a home in the black. I'd love to be a fly on the desk as they school the bank manager about how he must not undertsand the concept of credit. Credit score 467 coming soon.
My God, is this what we've devolved into? A nation that must go into debt in order to allow the Federal Reserve to engage in even more damaging monetary policy? Is that really what we're arguing for these days?
Anyone with financial sense knows that we shouldn't be doing QE rendering debt unnecessary. You are buying into the ridiculous notion that this country can't run in the black. I'm tired of hearing about absurd progressionomics with the "hook line and sinker" cast out for anyone gullible enough to take a bite.
The money supply is private debt + public debt. All debt cancellation would bring the money supply to zero, back to barter.
The money supply is private debt + public debt. All debt cancellation would bring the money supply to zero, back to barter.
You can exchange money equally, it doesn't have to be a negative number. By your logic all nations must be in debt for the monetary system to work. That's just not the case... ask China
debt to self
debt to family
debt to neighbor
debt to foreigner
debt in paper
debt in rocks
debt in your own rocks
debt in you own paper
debt in their rocks
debt in your paper.
debt as money
debt as security
debt as fungible
debt as not fungible
If you cannot qualify the nature of debt, you are babbling, you are talking about green robots from the 22nd dimension, fumbling around in the dark, knowing nothing about economics whatsoever. The sooner you say nothing the better.
debt to self
debt to family
debt to neighbor
debt to foreigner
debt in paper
debt in rocks
debt in your own rocks
debt in you own paper
debt in their rocks
debt in your paper.
debt as money
debt as security
debt as fungible
debt as not fungible
If you cannot qualify the nature of debt, you are babbling, you are talking about green robots from the 22nd dimension, fumbling around in the dark, knowing nothing about economics whatsoever. The sooner you say nothing the better.
You should really stop talking to yourself like that
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