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.
much of this money pumps up the stock market any hint of cutting back makes brokers scream NO
Had to LOL at this... It's not the brokers, and THIS is why the BRRRR.... (nonstop money printing) won't ever stop... About 100 million American workers and retirees have, in aggregate, $37.4 trillion worth of investments in their pensions and/or retirement accounts. If the Federal Reserve stops printing money which then stops supporting the artificially pumped-up stock market values, those investments take a dump and 100 million people are plunged into poverty at retirement. The brokers are small potatoes in this trap the Fed Gov has set for themselves. What the Fed Gov really fears are the 100 million people turning on them if they pull the rug out from under them.
Had to LOL at this... It's not the brokers, and THIS is why the BRRRR.... (nonstop money printing) won't ever stop... About 100 million American workers and retirees have, in aggregate, $37.4 trillion worth of investments in their pensions and/or retirement accounts. If the Federal Reserve stops printing money which then stops supporting the artificially pumped-up stock market values, those investments take a dump and 100 million people are plunged into poverty at retirement. The brokers are small potatoes in this trap the Fed Gov has set for themselves. What the Fed Gov really fears are the 100 million people turning on them if they pull the rug out from under them.
Another manifestation of money illusion ...
The Feds can prop us the payments system for as long as the basics are in circulation ... water, food, electricity, fuel, transportation, infrastructure, etc.
Short of that, any decision not to prop up the payments system is political, not technical or even economic.
In the Information Age, where money grows on electrons, the economic price of money illusion is deterioration in the quality of products and services spread over billions of people.
It could go on for several more decades, maybe even to the end of this century, even if 1/3-2/3 (let's say 1/2) the population languishes in relative poverty and poor health.
Obviously something bad will happen. If there are no consequences, why wouldn't every country simple print their way to being the richest in the world?
NOT IF they have a depreciating currency.
Brazil,Argentina,Mexico have all tried that.
and then there is Turkey and Venezuela.
Never understand Brazil and Argentina
Something tells me they pretty much leased or sold California to China a while ago and it's why the leaders are making it so tough for the average person to make it there. Trying to get them to leave on their own first.
2016-2020 indicates this is not true, as doesn't the last 40+ years.
Correct.
For many decades US Congresshumans, under the guise every delusional combination of R's and D's possible between the executive and legislative branches - it doesn't matter -, have been passing the same two spending bills every single year, usually in November or December, without much fanfare, usually covered in only more or less specialized business-oriented media, not the ones for mass consumption.
Mass media for mass consumption covers political theater in which Congresshumans of various colors and letters in alphabet slop pretend to disagree on nothing of real importance.
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.
