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Old 08-04-2020, 12:51 PM
 
5,121 posts, read 4,967,943 times
Reputation: 4940

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What kind of magic money tree the US cultivates that give the Fed gov the magic power to disperse money as they wish?

Is there any limit to this at all?

What consequences can one expect from such practices?

Curious mind would like to know...
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Old 08-04-2020, 01:22 PM
 
25,442 posts, read 9,800,380 times
Reputation: 15333
Quote:
Originally Posted by leoliu View Post
What kind of magic money tree the US cultivates that give the Fed gov the magic power to disperse money as they wish?

Is there any limit to this at all?

What consequences can one expect from such practices?

Curious mind would like to know...
It's a way to enrich the wealthy even further. It's ridiculous that celebrities, sports teams and companies that have thousands of employees are benefiting from the bailouts. I have no problem helping people on Main Street and those who really need it like those who lost their jobs and may be evicted, can't buy food, mom and pop businesses, etc. But the lion's share is not going to them, but to millionaires and billionaires. It's unconscionable, and I can't believe there aren't mass protests over it. Congress couldn't care less about ordinary people, either party. They all have theirs. We're just numbers on a page and a way to garner votes because that's all they care about.
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Old 08-04-2020, 01:23 PM
 
26,694 posts, read 14,561,042 times
Reputation: 8094
Quote:
Originally Posted by trobesmom View Post
It's a way to enrich the wealthy even further. It's ridiculous that celebrities, sports teams and companies that have thousands of employees are benefiting from the bailouts. I have no problem helping people on Main Street and those who really need it like those who lost their jobs and may be evicted, can't buy food, mom and pop businesses, etc. But the lion's share is not going to them, but to millionaires and billionaires. It's unconscionable, and I can't believe there aren't mass protests over it. Congress couldn't care less about ordinary people, either party. They all have theirs. We're just numbers on a page and a way to garner votes because that's all they care about.


Is this the communist manifesto?

Are you actually telling me that the politicians democratically elected by the Main Street would vote to benefit the rich??

If true, that would be the will of the Main Street, no?
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Old 08-04-2020, 01:27 PM
 
Location: Flyover part of Virginia
4,232 posts, read 2,456,650 times
Reputation: 5066
Because our Central Bank is monetizing the debt- Zimbabwe style.

Yes, this has consequences- an eventual currency collapse.
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Old 08-04-2020, 01:28 PM
 
26,694 posts, read 14,561,042 times
Reputation: 8094
Quote:
Originally Posted by leoliu View Post
What kind of magic money tree the US cultivates that give the Fed gov the magic power to disperse money as they wish?

Is there any limit to this at all?

What consequences can one expect from such practices?

Curious mind would like to know...
It’s called printing press.
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