Federal Reserve About To Commit Another Giant THEFT
- Thread starter hellblazer
- Start date
What is an "economics perspective"?
This is committing fraud against your creditors. If that was the case, why shouldn't every country run up massive debt and then print their way out? Why should anyone pay their bills with production?
Also, inflation is not necessary. It is dangerous to liberty.
This is just straight up cheating. The point of the governing game is to be able to create a vibrant economy, minimize expenses, and not go bankrupt. Simply printing money because you can't handle your spending is basically an admission that you give up. How do you not see that?
Printing money makes sense in these times. During a recession, people shop around more for the best prices. Weakening your own currency is basic economics, it makes people from other countries buy your country's products.
Everyone wants to argue with paying off debts with inflated currency. OK - fine not the way to go for you?
Want to do it with production - then why does no one pick up on my point #2 in thoughts to consider - maybe you did not know we are sitting on more assets by far than we owe?
Maybe we should start pumping the oil - bring prices back down to $0.72 a gallon (late 1980's - glut produced by over production from previous high prices). The biggest tax cut to the masses - lower their gas price from $3.10 to $0.72 - now that would get the economy going - money in the hands of the private citizen would produce efficient allocation of resources in juxtaposition to Government spending inefficiencies - and voila - everything is back!
For you Socialists - money is not well spent by the government and thwarts efficient allocation of resources and production.
This Country's problems are easy to solve - for now. The moral decline on the other hand could be a problem as people ..... ah forget it.
Want to do it with production - then why does no one pick up on my point #2 in thoughts to consider - maybe you did not know we are sitting on more assets by far than we owe?
Maybe we should start pumping the oil - bring prices back down to $0.72 a gallon (late 1980's - glut produced by over production from previous high prices). The biggest tax cut to the masses - lower their gas price from $3.10 to $0.72 - now that would get the economy going - money in the hands of the private citizen would produce efficient allocation of resources in juxtaposition to Government spending inefficiencies - and voila - everything is back!
For you Socialists - money is not well spent by the government and thwarts efficient allocation of resources and production.
This Country's problems are easy to solve - for now. The moral decline on the other hand could be a problem as people ..... ah forget it.
Yes, but it's cheating. The same way that China paying slave labor wages is cheating, or the way they fix their exchange rate. You're literally stealing people's money when you devalue the currency.
If a weak currency was a sign of strength, why is Zimbabwe not an economic powerhouse?
Sobering to think these arguments have been posed in the past, only to have been forgotten or ignored by those who don't read or think.
How is China paying slave wages cheating? It's fitting in perfectly with the price mechanism. If supply of labour is high, demand will be higher at a lower price, and low at a high price.
While that's true about taking money, this is a form of tax, to pay off America's debts, while giving the country more real benefit than a simple tax.
I didn't say it's a sign of strength, it's definitely a sign of weakness. But it's a last resort, and with somewhere like America, it's likely to work. Zimbabwe didn't go the same for a variety of reasons, e.g. People could order from America cheaply already, many places didn't have online shops, as it would take too much time to manage. Also, they did it much too fast.
You've just got to look at the past. So many more people just from the UK bought their stuff from America when the dollar was at £0.50.
Not directly related to the Fed or QE2, but here's a nice easy read regarding the tsunami of pain that needs to happen due to the Fannie and Freddie's monopoly on the mortgage industry. Seriously worth the time if you have a minute.
http://thenewmortgagecompany.files.wordpress.com/2010/11/print-liquidate-rotten-debt3.pdf
http://thenewmortgagecompany.files.wordpress.com/2010/11/print-liquidate-rotten-debt3.pdf
