Topic: Gold collapsing. Bitcoin UP. - page 1068. (Read 2032266 times)
So we have 4T outstanding backed by 1.7T in land and buildings. You want to know how much a dollar is really worth? You do the math.
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
the main pt of QE was to keep up bank profits and the bonuses handed out to the banksters.
And to keep the Banking system from completely collapsing in on itself and having a world of angry customers with pitchforks after them.
Yup they did not let the failed institutions crumble as every business SHOULD live or die based on its own merits....not get bail outs.
[By not forcing the banks to go into bankruptcy, as should have happened, it also kept the banks' records out of reach of the public and pre-empted any civil suits, which, thank god, kept the CEOs out of jail.
Yes, QE has kept the undead banks functioning. It hopes to reflate the bubbles and get these banks back into some kind of solvency. Hasn't happened, won't happen, can't happen. It has kept the money and assets in the pockets of those who caused the whole mess too. And what's worse, they have used one tiny section of what is known as 'the holder memo' to avoid putting anyone in jail. So despite continuing criminality, fraud and deception, that increases systemic risk, no one goes to the big house.
It's actually an incentive to steal. Imagine implicitly knowing you can steal as much as you want and the worst that will happen is that you will have to give some of it back, because, you know, it might adversely effect the stability of the system if you go to jail.
And just think, if bitcoin succeeds this entire class of criminals goes away simply because the pot of money is no longer there. In a bitcoin system these bankers would actually have to live with their mistakes, that would be a shock to them.
People is so prone to FUD 
If the public qe went to fund the criminals where did the hidden qe go? The criminals wives ofcourse! Google the real wives of wallstreet.
So we have 4T outstanding backed by 1.7T in land and buildings. You want to know how much a dollar is really worth? You do the math.
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
the main pt of QE was to keep up bank profits and the bonuses handed out to the banksters.
And to keep the Banking system from completely collapsing in on itself and having a world of angry customers with pitchforks after them.
Yup they did not let the failed institutions crumble as every business SHOULD live or die based on its own merits....not get bail outs.
[By not forcing the banks to go into bankruptcy, as should have happened, it also kept the banks' records out of reach of the public and pre-empted any civil suits, which, thank god, kept the CEOs out of jail.
Yes, QE has kept the undead banks functioning. It hopes to reflate the bubbles and get these banks back into some kind of solvency. Hasn't happened, won't happen, can't happen. It has kept the money and assets in the pockets of those who caused the whole mess too. And what's worse, they have used one tiny section of what is known as 'the holder memo' to avoid putting anyone in jail. So despite continuing criminality, fraud and deception, that increases systemic risk, no one goes to the big house.
It's actually an incentive to steal. Imagine implicitly knowing you can steal as much as you want and the worst that will happen is that you will have to give some of it back, because, you know, it might adversely effect the stability of the system if you go to jail.
So we have 4T outstanding backed by 1.7T in land and buildings. You want to know how much a dollar is really worth? You do the math.
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
the main pt of QE was to keep up bank profits and the bonuses handed out to the banksters.
And to keep the Banking system from completely collapsing in on itself and having a world of angry customers with pitchforks after them.
By not forcing the banks to go into bankruptcy, as should have happened, it also kept the banks' records out of reach of the public and pre-empted any civil suits, which, thank god, kept the CEOs out of jail.
Yup they did not let the failed institutions crumble as every business SHOULD live or die based on its own merits....not get bail outs.
So we have 4T outstanding backed by 1.7T in land and buildings. You want to know how much a dollar is really worth? You do the math.
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
the main pt of QE was to keep up bank profits and the bonuses handed out to the banksters.
And to keep the Banking system from completely collapsing in on itself and having a world of angry customers with pitchforks after them.
By not forcing the banks to go into bankruptcy, as should have happened, it also kept the banks' records out of reach of the public and pre-empted any civil suits, which, thank god, kept the CEOs out of jail.
So we have 4T outstanding backed by 1.7T in land and buildings. You want to know how much a dollar is really worth? You do the math.
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
the main pt of QE was to keep up bank profits and the bonuses handed out to the banksters.
And to keep the Banking system from completely collapsing in on itself and having a world of angry customers with pitchforks after them.
So we have 4T outstanding backed by 1.7T in land and buildings. You want to know how much a dollar is really worth? You do the math.
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
the main pt of QE was to keep up bank profits and the bonuses handed out to the banksters.
That was one reason, the other was to backstop the massive amount of debt and unfunded liabilities in the system. The real economy may not be able to consume or utilize more money/debt, but without massive printing the current money stock could not support the massive unsustainable debt load accrued and the system would have crashed.
The reality is used money (M3) in the system became complete detached from base money (M0). The FED had to create new base money out of thin air to catch up to the amount of used money already in the system.
The amount of used money M3 is not changing, but the FED needs to increase the amount of base money to match promises already made.
So we have 4T outstanding backed by 1.7T in land and buildings. You want to know how much a dollar is really worth? You do the math.
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
the main pt of QE was to keep up bank profits and the bonuses handed out to the banksters.
by manipulating this rate, they've been highly effective in slaughtering bond shorts. if only you were a privileged insider to this strategy for the last 30 yrs, you could've made a fortune in short squeezes. but like i said above, "you ain't good enuf". or perhaps, "you ain't inside enuf".
pretty soon you'll be paying them for the privilege of keeping your money at their bank:
So we have 4T outstanding backed by 1.7T in land and buildings. You want to know how much a dollar is really worth? You do the math.
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
I think that those two graphs, velocity and monetary base tell a compelling story when put together. And the moral of the story is that QE is ineffective; the real economy does not need any more dollars.
Edit: Could one of the main points of QE been to back the USD with something?
pretty soon you'll be able to ask them to pay you to buy a car:
Bitcoin is going to bring in a golden new age of equality honesty.
experiment-shows-people-exposed-to-east-german-socialism-cheat-more
I bet it’s a sliding scale
experiment-shows-people-exposed-to-east-german-socialism-cheat-more
I bet it’s a sliding scale
well, you gotta be thankful for one thing; they're willing to buy your homes:
oh, now i know why you aren't spending anything; the banks kept all the money. but i thought they were supposed to lend it out? the answer is, "you ain't good enuf":
that money might
"avalanche economics"
you didn't hear me.
"you ain't good enuf".
now that China isn't buying many UST's anymore, i mean, someone had to take over. sheesh:
powerful article that lays bare the ugly truth.
Have central banks been breaking the law?
http://www.telegraph.co.uk/finance/comment/jeremy-warner/10981011/Have-central-banks-been-breaking-the-law.html
Laws are what the rulers use to control their subjects.Have central banks been breaking the law?
http://www.telegraph.co.uk/finance/comment/jeremy-warner/10981011/Have-central-banks-been-breaking-the-law.html
As such, central banks are in no way bound by laws. That's a fundamental misunderstanding of how the system works.
oh, now i know why you aren't spending anything; the banks kept all the money. but i thought they were supposed to lend it out? the answer is, "you ain't good enuf":
that money might
"avalanche economics"
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