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Topic: Quantitative Easing - page 7. (Read 6688 times)

full member
Activity: 164
Merit: 100
May 28, 2014, 06:01:20 AM
#14
When dollar goes away, there will be another phoenix rise from the ashes.
full member
Activity: 179
Merit: 100
May 28, 2014, 04:36:58 AM
#13
QE save not only the American economy, but probably also the world economy. Without it, probably the euro would have ended.
And since didn't provoke inflation, all considerations about its negative consequences didn't materialize (at least, yet).


Need to be careful to balance the trade off between long term and short term.

Pushing the problems down the road is not an ideal solution.
legendary
Activity: 961
Merit: 1000
May 28, 2014, 01:03:52 AM
#12
QE save not only the American economy, but probably also the world economy. Without it, probably the euro would have ended.
And since didn't provoke inflation, all considerations about its negative consequences didn't materialize (at least, yet).


On what metric has the US economy been saved?

QE is just a wealth transfer with an innocuous sounding name.

It is a way to cover the trillions in losses hidden on banking balance sheets.

It is a way to take money from responsible savers and pass it to an irresponsible upper class

It is a way to reinflate 'feel good' stock and RE bubbles so the middle classes don't revolt.

It is a way for banks to use free money to increase their risk taking and leverage, safe in the knowledge that not one person has gone to jail for their role in the great recession (despite the billions in fines and obvious criminal acts that stole from regular people the world over).

When the Justice Dept admits it would rather settle for fines than go for a prosecution you realise its turning into soft fascism, and that is a horrible thing to write.
legendary
Activity: 1988
Merit: 1007
May 28, 2014, 12:55:10 AM
#11
Unless you believe that inflation is the increase in the money supply. In that case, it absolutely is causing inflation because it IS inflation. The fact that you have not seen prices rise just means they haven't risen enough to get your attention. But they WILL rise.  It is inevitable.

THAT is what is so insidious about the theft of purchasing power through inflation.  Even when people recognize it, they don't ascribe it to the government's monetary policy.

The stock market turn around and increase was greatly caused by inflating the money supply. If your 401K is doing well, it's NOT REAL. When the fed stops making money, there WILL be a correction. It will come with the market falling or prices rising. Either way, we all loose.

I'm putting as much spare money as I can into crypto, mostly bitcoin. It is fast becoming a store of value better than gold.

I also want to point out that in the US, if you actually pay attention you'll see the price effects. Take the items you buy on a regular basis, foods and non-foods, and create a spreadsheet of their cost. Every couple weeks update that with the latest costs and you'll start to see differences.
newbie
Activity: 48
Merit: 0
May 28, 2014, 12:51:15 AM
#10
Unless you believe that inflation is the increase in the money supply. In that case, it absolutely is causing inflation because it IS inflation. The fact that you have not seen prices rise just means they haven't risen enough to get your attention. But they WILL rise.  It is inevitable.

THAT is what is so insidious about the theft of purchasing power through inflation.  Even when people recognize it, they don't ascribe it to the government's monetary policy.

The stock market turn around and increase was greatly caused by inflating the money supply. If your 401K is doing well, it's NOT REAL. When the fed stops making money, there WILL be a correction. It will come with the market falling or prices rising. Either way, we all loose.

I'm putting as much spare money as I can into crypto, mostly bitcoin. It is fast becoming a store of value better than gold.
legendary
Activity: 1455
Merit: 1033
Nothing like healthy scepticism and hard evidence
May 28, 2014, 12:21:47 AM
#9
I would agree that QE can create problems, if done to solve budget deficits, as in many countries. But it was used as part of monetary policy to take the economy out of recession and it was partly successful. Besides, since it didn't create inflation, there was no devaluation of the money.

The euro is still a currency with an uncertain future, but if one day it ends, it will be an economic tragedy to the world, not only to Europe.
sr. member
Activity: 406
Merit: 250
May 27, 2014, 11:56:05 PM
#8
QE save not only the American economy, but probably also the world economy. Without it, probably the euro would have ended.
And since didn't provoke inflation, all considerations about its negative consequences didn't materialize (at least, yet).


So you are okay with bureaucrats  devaluing your money? QE steals purchasing power from people and lowers their standard of living. The Euro should have ended before it started. If it needs QE to prop it up it is a fundamentally flawed currency that is destined to fail. 
legendary
Activity: 1455
Merit: 1033
Nothing like healthy scepticism and hard evidence
May 27, 2014, 11:39:24 PM
#7
QE save not only the American economy, but probably also the world economy. Without it, probably the euro would have ended.
And since didn't provoke inflation, all considerations about its negative consequences didn't materialize (at least, yet).
hero member
Activity: 672
Merit: 500
May 27, 2014, 11:24:40 PM
#6
The printing money post is getting old.

Just about everyone not living in cave already know it.

then i suppose that means that 299 Million Americans are living in caves!

Because other countries aren't doing the same?  Roll Eyes
full member
Activity: 165
Merit: 100
May 27, 2014, 11:23:00 PM
#5
The printing money post is getting old.

Just about everyone not living in cave already know it.

then i suppose that means that 299 Million Americans are living in caves!

You really think American are stupid?

sr. member
Activity: 406
Merit: 250
May 27, 2014, 10:39:53 PM
#4
The printing money post is getting old.

Just about everyone not living in cave already know it.

I want it shouted from the heavens. These bastards are stealing a generation of wealth. One of the biggest crimes in human history.
member
Activity: 117
Merit: 10
My Precious!
May 27, 2014, 09:41:54 PM
#3
The printing money post is getting old.

Just about everyone not living in cave already know it.

then i suppose that means that 299 Million Americans are living in caves!
full member
Activity: 165
Merit: 100
May 27, 2014, 09:38:37 PM
#2
The printing money post is getting old.

Just about everyone not living in cave already know it.
member
Activity: 117
Merit: 10
My Precious!
May 27, 2014, 09:21:35 PM
#1
Quantitative Easing is to Inflation as Non-Consensual Sexual Intercourse is to Rape! Either way you're getting fucked.

https://twitter.com/CoinMobs/statuses/471474742898094080

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