Impossible! The deficit is falling as well as unemployment Obama wrecking economy

[tokeprep]

well not technically printing money, they are creating credit, but you knew this I hope. We will create another trillion (again) this year and give the money interest free directly to the banks who are then supposed to loosen lending. That's our present economic plan.

How substantial is the relationship between the money supply and inflation?

Devaluing the dollar hurts the poor and middle class the most. It's a regressive tax. To believe increasing the money supply creates wealth means the people in charge feel we can create real wealth from "thin air".

Inflation has actually been quite low the past couple years. I think the reason the Fed has continued QE is because they aren't seeing inflation show up.

The IMF, China, Russia and many other countries are making a lot of noise to replace the dollar as the world's currency. As it stands now we are able to borrow from ourselves, this changes. We will actually have to pay back the created money. Imagine right now if California could create their own money to borrow from themselves..

Surely you knew of QE3 didn't you?

Pay back the created money?

 

[ginwilly]

How substantial is the relationship between the money supply and inflation?



Inflation has actually been quite low the past couple years. I think the reason the Fed has continued QE is because they aren't seeing inflation show up.



Pay back the created money?

The relationship can be substantial, see Zimbabwe.

The reason the Fed continues with QE is because the economy is still floundering and tenuous and the Keynesian belief is without it we would experience a double dip. Also, the too big to fail banks and the Fed own enough politicians to allow this obvious money grab. The lower than expected inflation numbers is just a bonus.

In a figurative sense, yes.

 

[ChesusRice]

The relationship can be substantial, see Zimbabwe.

The reason the Fed continues with QE is because the economy is still floundering and tenuous and the Keynesian belief is without it we would experience a double dip. Also, the too big to fail banks and the Fed own enough politicians to allow this obvious money grab. The lower than expected inflation numbers is just a bonus.

In a figurative sense, yes.

Can you point out the rampant inflation? Or the failing economy? How about the tanking stock market? Risint unemployment?
Are you just pissed off the Black man got the economy off the ground?

 

[tokeprep]

The relationship can be substantial, see Zimbabwe.

This isn't Zimbabwe. In the past 10 years the money supply has increased substantially without unusual inflation occurring.

The reason the Fed continues with QE is because the economy is still floundering and tenuous and the Keynesian belief is without it we would experience a double dip. Also, the too big to fail banks and the Fed own enough politicians to allow this obvious money grab. The lower than expected inflation numbers is just a bonus.

Are the banks actually making more money? Borrowing at 3% and lending at 6% is the same as borrowing at 0% and lending at 3%. Of course, I don't see why the Fed would be in on it--they have nothing to do with the rewards.

They played with quantitative easing because it was a tool they had available, not as part of some sinister conspiracy to empty pockets of the average people.

 

[ginwilly]

This isn't Zimbabwe. In the past 10 years the money supply has increased substantially without unusual inflation occurring.



Are the banks actually making more money? Borrowing at 3% and lending at 6% is the same as borrowing at 0% and lending at 3%. Of course, I don't see why the Fed would be in on it--they have nothing to do with the rewards.

They played with quantitative easing because it was a tool they had available, not as part of some sinister conspiracy to empty pockets of the average people.

You keep focusing on inflation not being as bad as everyone thought it would be, which is good granted, but the devaluation of the dollar is entirely different kind of inflation.

Re: the bold. This little statement right here tells me to move on I may be wasting my time. We have created a liquidity trap now. What happens to our economy if the banks really did have to borrow at 3%? Can you connect the deficit dots without me?

No it is not a conspiracy to empty our pockets, it's a conspiracy to fill theirs. Is creating imaginary money the best tool? Is giving it to the banks to loan out better than giving it directly to department like the DOT to pump that much into infrastructure? I don't agree with either ftr but it irritates me to see people bitch about trickle down theories yet say nothing about QE3.

 

[ginwilly]

Can you point out the rampant inflation? Or the failing economy? How about the tanking stock market? Risint unemployment?
Are you just pissed off the Black man got the economy off the ground?

wipe your chin little buddy you are drooling a bit

quick question since you seem to understand economics so well if you don't mind.
Since the economy is doing so well, why are we continuing with QE3?

 

[tokeprep]

You keep focusing on inflation not being as bad as everyone thought it would be, which is good granted, but the devaluation of the dollar is entirely different kind of inflation.

Devaluation relative to what, when? You get more Yen or Euros now than you would have a couple years ago.

Re: the bold. This little statement right here tells me to move on I may be wasting my time. We have created a liquidity trap now. What happens to our economy if the banks really did have to borrow at 3%? Can you connect the deficit dots without me?

Interest rates will go up, just as they always go up and down. My guess would be that they're trying to spur huge investments that will make the economy boom, and then they'll raise interest rates and withdraw QE to cool it off. But who knows...

No it is not a conspiracy to empty our pockets, it's a conspiracy to fill theirs. Is creating imaginary money the best tool? Is giving it to the banks to loan out better than giving it directly to department like the DOT to pump that much into infrastructure? I don't agree with either ftr but it irritates me to see people bitch about trickle down theories yet say nothing about QE3.

You need to explain how the Fed is filling its pockets. QE was the only tool they had left, and that's exactly why they used it. Obviously the difference between lending money and letting the government hand it out is that lenders will make better decisions.

When the stock market goes back down there won't be any QE wealth left.

 

[ginwilly]

Devaluation relative to what, when? You get more Yen or Euros now than you would have a couple years ago.



Interest rates will go up, just as they always go up and down. My guess would be that they're trying to spur huge investments that will make the economy boom, and then they'll raise interest rates and withdraw QE to cool it off. But who knows...



You need to explain how the Fed is filling its pockets. QE was the only tool they had left, and that's exactly why they used it. Obviously the difference between lending money and letting the government hand it out is that lenders will make better decisions.

When the stock market goes back down there won't be any QE wealth left.

So our dollar is holding up against other currencies that have enacted the same Keynesian methods. Shocking. It wasn't that long ago the dollar was worth more than the Euro. How about the looney? Canada is being pressured to devalue their money too in this present incarnation of currency wars. China, Japan and the US are operating on the basis that devaluing the currency makes our exports more appealing. Europe is trying to figure out what to do with the PIGS without bankrupting the entire union. What happens when the world gets off the dollar as the currency and we really do have to borrow money to print it?

Interest rates so low encourages borrowing, discourages savings. This is short term planning with long term ramifications.

The Fed is filling the pockets of the too big to fail crowd (which can be one and the same in many cases). Gold Mansacks is in charge of our economy right now.

What makes you think the stock market will go down? We can double it this year just by creating another 15trillion in gifts to the brokers.

 

[ChesusRice]

wipe your chin little buddy you are drooling a bit

quick question since you seem to understand economics so well if you don't mind.
Since the economy is doing so well, why are we continuing with QE3?

Duh
Becuase it is working

Dont like that do ya
Did you short the market?

 

[ChesusRice]

So our dollar is holding up against other currencies that have enacted the same Keynesian methods. Shocking. It wasn't that long ago the dollar was worth more than the Euro. How about the looney? Canada is being pressured to devalue their money too in this present incarnation of currency wars. China, Japan and the US are operating on the basis that devaluing the currency makes our exports more appealing. Europe is trying to figure out what to do with the PIGS without bankrupting the entire union. What happens when the world gets off the dollar as the currency and we really do have to borrow money to print it?

Interest rates so low encourages borrowing, discourages savings. This is short term planning with long term ramifications.

The Fed is filling the pockets of the too big to fail crowd (which can be one and the same in many cases). Gold Mansacks is in charge of our economy right now.

What makes you think the stock market will go down? We can double it this year just by creating another 15trillion in gifts to the brokers.

You do know that a devalued dollar spurs exports......right?

 

[ginwilly]

You do know that a devalued dollar spurs exports......right?

you do know you quoted me saying that....... right?

As to your post that QE3 is working. Then I guess the economy isn't all you say it is after all, or this wouldn't be needed.
Don't ever complain about the wealth gap in this country and then agree with QE3.

 

[ChesusRice]

you do know you quoted me saying that....... right?

As to your post that QE3 is working. Then I guess the economy isn't all you say it is after all, or this wouldn't be needed.
Don't ever complain about the wealth gap in this country and then agree with QE3.

Still shorting the market eh?

 

[ginwilly]

Still shorting the market eh?

I also said we could double the market by creating enough currency and you get I'm shorting out of that. You are on a roll. I will still maintain 10-15% of my holdings in precious metals to hedge my bets even though I know you think that's tarded too.

 

[ChesusRice]

I also said we could double the market by creating enough currency and you get I'm shorting out of that. You are on a roll. I will still maintain 10-15% of my holdings in precious metals to hedge my bets even though I know you think that's tarded too.

So you are shorting the market and hoping for inflation to increase the value of your metal holdings
ok
You can now join Eric Cantor in hoping for the worst

 

[ginwilly]

So you are shorting the market and hoping for inflation to increase the value of your metal holdings
ok
You can now join Eric Cantor in hoping for the worst

You have a problem

 

[ChesusRice]

View attachment 2651113

You have a problem

No you have a problem
The economy is doing much better


House Majority Leader Eric Cantor (R-VA) is personally invested in a fund that
“aggressively ‘shorts’ long-term U.S. Treasury bonds, meaning that it performs
well when U.S. debt is undesirable.” Cantor owns up to $15,000 in the fund,
which is called the ProShares Trust Ultrashort 20+ Year Treasury ETF.

 

[ginwilly]

If the economy was doing well it would not need to be propped up. QE3 is indefinite. If they were to let the public know when it was ending there predictably could be a sell off run in the market creating a need for QE4. So if we need QE3 it means the economy is still in the shitter without it, the market could dive without. Doesn't really sound like we are doing that great behind the curtain.

The alternative is, we are doing as great as you claim we are and QE3 is not needed. This could only mean they are doing it for a completely different purpose and are lying about it.

You've argued yourself into a corner here Cheesus.

 

[UncleBuck]

leave it to the righties to be upset that the deficit and massive unemployment that they created are being erased by obama.

 

[ginwilly]

leave it to the righties to be upset that the deficit and massive unemployment that they created are being erased by obama.

Going by your parties own words. If we do nothing (which would mean keeping the shitty Bush policies in place) then unemployment could go as high as 8% and might take 3 years to get back down below 5%. So if you guys have a clue at all what you are talking about when it comes to the economy, if you would have done nothing we would be better off right now. In your parties own words man, you can't escape that. Using revisionist history we can now change your lines coming from the lust for power to
"In these times, that are the worst we've seen since the great depression we will see unemployment in the 8s and take up to 3 years to come back down to levels seen before the banking crisis if we do nothing. So we must act NOW so unemployment can go up over 10% and stay over 8 for 4 years. In 5 years we will add 7T to the debt and unemployment will be cherry picked to show we are down in the 7s and stupid fucks will cheer and brag. Who's with me?"


I'm upset we are not better off by now. Pick any number for unemployment you want to use but the truth of the matter is we have more people NOT in the work force than at any point in our history. We have more "disabled" citizens than at any point in our history. We have more people on food stamps than at any point in our history. We run commercials for happy foodstamps and manipulate the Appalachian poor to take what they never asked for. We have had our credit rating downgraded. We have increased the debt by 7T and growing and you brag because look, it's not growing as fast it was when we were as bad as we can get, like that's something to brag about. The perpetual war machine keeps a churnin.

 

[UncleBuck]

Going by your parties own words. If we do nothing (which would mean keeping the shitty Bush policies in place) then unemployment could go as high as 8% and might take 3 years to get back down below 5%. So if you guys have a clue at all what you are talking about when it comes to the economy, if you would have done nothing we would be better off right now. In your parties own words man, you can't escape that. Using revisionist history we can now change your lines coming from the lust for power to
"In these times, that are the worst we've seen since the great depression we will see unemployment in the 8s and take up to 3 years to come back down to levels seen before the banking crisis if we do nothing. So we must act NOW so unemployment can go up over 10% and stay over 8 for 4 years. In 5 years we will add 7T to the debt and unemployment will be cherry picked to show we are down in the 7s and stupid fucks will cheer and brag. Who's with me?"


I'm upset we are not better off by now. Pick any number for unemployment you want to use but the truth of the matter is we have more people NOT in the work force than at any point in our history. We have more "disabled" citizens than at any point in our history. We have more people on food stamps than at any point in our history. We run commercials for happy foodstamps and manipulate the Appalachian poor to take what they never asked for. We have had our credit rating downgraded. We have increased the debt by 7T and growing and you brag because look, it's not growing as fast it was when we were as bad as we can get, like that's something to brag about. The perpetual war machine keeps a churnin.

why are you so upset that obama has lowered the deficit and brought the economy back?