Topic: Fed on brink of fifth(?) round of quantitative easing (Read 2444 times)

You sound like Klaus Schwab:



 

well, if i was all powerful you mean? that would be easy. i would sieze everyone's bank accounts into one big bank account, require each living human being to get their iris scanned using worldcoin and then divide up that big bank account equally among all the real humans. i would also eliminate traditional real estate, demolish it all. then build identical living quarters for everyone. no one would have anything different from anyone else.

doesn't mean we couldn't try again. 

right. and in my ideal situation if i was all powerful, you know that type of inequality would never exist. for better OR for worse...i'm sure some people would hate it but that's how it goes. i might even hate it but that's how it would go i guess.

we are far past what it looks like. ie a few people make decisions and millions suffer.

https://twitter.com/WallStreetSilv/status/1713908790725107939

Roman Empire vibes anyone?

It seems History hasn't taught us enough yet... maybe it's time to repeat the same mistake.

And how are you going to enforce equality? Communism tried this and failed. Maybe they'll try again.

Was Steve Jobs equal with the Foxconn worker who assembled iPhones?

2100 is too far away. Perhaps you meant 2030?

it will meander along til it collapses. The ultra rich will hide behind safe houses and survival caves. Then they will rebuild it all again.

Look the handwriting is pretty much on the wall. A huge fucking disaster worldwide by 2100 seems certain.

I am lucky to be 66 as I may simply age out and die thus miss the crash out.

BTW +0.50% looks like a mortal lock.

i have a theory that alot of crime is committed because of people not being treated equal. want to eliminate crime? then start with treating all people equal and they won't have a reason to rob or steal from other people. or hurt them. that's the way the human nature is. i didn't invent it, the human nature and it's not my fault that is how people are hardwired but its the governments fault if they don't recognize that and do something about it.

my solution to the military budget is to get rid of 3 of the armed forces and only have one. we really don't need all 4. for healthcare, i don't have a solution to that other than to outlaw insurance companies. but no president would have the balls to do that.

and about "multinational corporations evading billions in tax", what you do for that is outlaw multinational corporations in the usa. they can only employ people who live in the usa and cannot do business outside of the usa. and they pay taxes on all their income here in the usa. that would open up more jobs for americans as a side benefit.

i know these things seem impossible to do they are very serious problems as i know you agree so serious steps need to be done to solve them.

I've lost track of where the FED might be however I think its a given they will always operate an easy money policy.  The present 'high' rate rises are surprising but temporary is my take, purely because the government cannot afford to service its debt at this level.  Calculate the interest payable long term if these rate levels were forever and the interest exceeds the amounts spent on defence and other large items so far as I know.
  That will be too much, the far easier road to take is always the rates are lower then inflation and this is how debt is repaid.



Primary dealers are banks who create the demand for the treasury debt sales.  Last thing we can afford is any lack of demand for the national debt or it'd not be the FED who decides the rates but the market; ultimately that is what always happens.


I'll give a source, any time macro economics is mentioned people defer to the genius of government because its seemingly above the station of any person to discuss the immense gravitas of generational effects.   Im no phd but also its not impossible to decipher imo:   https://youtu.be/4hQ1HvwaeTk?t=151

Completely agree that a salary of $11,000 is almost unlivable, but let's not fool ourselves in to thinking $60,000 is rich by any means.

Which again, is nothing. We've added another $40 billion to the debt since my last post. Even with 10 such proposals you are making, you delay the inevitable by a day or two, at most.

Don't you see that's what the government want? Worker against worker. Focus all your anger on some other person who is just slightly better off than you are. Never mind the multinational corporations evading billions in tax, never mind the banks laundering hundreds of billions, never mind the trillions wasted in our ridiculous healthcare or military budgets.

Yup, we can't possibly let the billionaire banks fail. Money printer goes BRRRR to bail them out, because who cares about the average Joe getting poorer and poorer as this goes on.

In the end we see the steady increase in debt that we can see on sites such as World Debt Clocks is a logical and expected consequence of the fiat system. The alternative is bankruptcy. When the $105 has to be paid back but only $100 has been printed, there are only two options: when the money cannot be paid back, either bankruptcies or to print more, refinance and make the ball bigger, devaluing the purchasing power of the money more and more as a consequence.

Let us not forget that bitcoin was created precisely as an alternative system to this.

that's up to burger king or mcdonalds to decide not for me. and i won't have an opinion on how they run their private business.

i think you're going off on a tangent. we shouldn't be trying to justify paying federal employees on federal holidays by saying the justification for it is because they are not "super rich". most of them probably make over $60,000 per year and i bet none of them is anywhere near the federal poverty level which is a joke in itself. the federal poverty level guidelines should be $35,000 for a single person. not $11,000 or whatever ridiculous number it is. call that number what it really is : the homeless level.  

federal workers shouldn't be in a priviledged position. if they get paid for federal holidays then everyone should. but guess what everyone doesnt.


then start being more willing to consider things that could reduce that debt even if they don't reduce it all the way down as far as you might like. if they have a lasting impact on spending that's what matters. erasing 5 billion per year (maybe more like 10) might not seem like it could have any impact but if you come up with 9 other similar sized reductions we're already at a tenth of a trillion dollars. you have to start somewhere and you're not going to start out by one big swoop necessarily. if you're waiting for that to happen then you may be disappointed.


federal workers are not 99% of the population. i don't know what percent they are but i bet they make up less than 25% of the workforce. probably only 12% would be my guess. and we're supposed to feel sorry for them with all their high salaries and fringe benefits if they can't get paid on juneteenth for not working? no thanks.

Do fast food workers not deserve PTO as well? What is with your race to the bottom, to make everyone except the super rich suffer? Perhaps we should be looking to improve the conditions for all workers, rather than slashing the meager benefits that already exist for a handful of workers?

Because it affects us all when our debt hits 300% of GDP, our economy collapses, and the USD becomes worthless.

My point is you can make all the small changes you want to the detriment of 99% of the population, and all you will do is slow the speed the of debt increase and never actually halt or reverse it. If you want to actually address the problem and not just delay it, then we need much larger scale changes.

Spoiler alert: it's mathematically impossible to erase national debts. It's an exercise in futility.

Think about it for a second (how the fiat Ponzi pyramid works): FED lends you $100 and expects you to pay back $105 after 1 year. Or a lot more after 20-40 years.

Where are you going to find the extra money to pay the interest? That amount of money doesn't exist. You only got $100. Where are you going to find the extra $5?

You will have to raise your prices accordingly, no matter what you sell (products or services).

And what about people who buy from you? They're also going to raise their prices.

This is what causes inflation. It's a HUGE pyramid:



In reality inflation is not really needed (a HUGE lie being perpetuated by 99.99% of economists -> there's a "consensus" about it), because tech progress means everything becomes cheaper (technology is deflationary):





Eventually more money will be injected in the economy via issuing debt. FED keeps printing more and more money. Because everyone and their mom is a debt slave.

For me this was one of the biggest lessons Bitcoin offered me. Because it was designed to be a debt-free alternative.

I'm surprised you haven't figured it out yet (were you indeed born in 1955?).

Save yourself and stop trying to save the masses. 90% of them are too dumb/clueless to realize they're caught up in a legalized Ponzi scheme (because that's what fiat money + interest is).

Madoff's pyramid wasn't legal, but the fiat dollar is a state-sanctioned Ponzi pyramid scheme.

I don't have any problem with people getting paid time off (PTO as you seem to affectionately call it) as long as their EMPLOYER pays for it and not the taxpayers. And I take issue with you calling federal employees "working class people" they get more benefits than people that work in the private sector more raises everything more. They are privileged class, not working class and I dont like them getting paid for not working since the taxpayers are paying for it.

If we moved to a healthcare system which cut out insurers and useless middlemen, we wouldn't save billions a year, but trillions. Every other developed nation manages it - why not us? Because our politicians are bought by medical insurance companies.