Re: A recession?
[Re: Wild_Idaho]
#6810798
03/21/20 12:58 AM
03/21/20 12:58 AM
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Joined: Nov 2008
Posts: 4,548 Cleveland IL
muddyriverdogz
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The wealth gap has been created by the Fed's money printing. It's all been going straight into the hands of the wealthy and they call Bernie a socialist.That's like the pot calling the kettle black.
REPO hitting 1 trillion per day now.
Last edited by muddyriverdogz; 03/21/20 01:00 AM.
You only live once, so get over it!
Tactics may change but the goal remains the same.
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Re: A recession?
[Re: Wild_Idaho]
#6810812
03/21/20 02:19 AM
03/21/20 02:19 AM
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Joined: Apr 2014
Posts: 7,084 MO
cfowler
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Muddy I think you’re right in your idea. Bernie wanted to take from the rich and “redistribute” to the poor, socialism. What we have with the repo and bailout program is more fascism it seems to me. True capitalism can’t really function with governmental influence and manipulation in the “economy”. Wealth redistribution is what we see taking place. Time to help you neighbor, not wait for him to go under so you can buy him out. Predators don’t all wear fur.
I trap for fun. I skin 'em for the money! Grinners For Life-Lifetime Member, MO Chapter, Den #1 ~You Grin, You're In~
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Re: A recession?
[Re: Wild_Idaho]
#6811002
03/21/20 09:02 AM
03/21/20 09:02 AM
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Joined: May 2010
Posts: 10,474 mn north of blakely
Steven 49er
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cfowler, you're not insinuating the wealth redistribution in this country is actually going from the bottom/middle up when we've been told it's from the top down?
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: A recession?
[Re: Steven 49er]
#6811733
03/21/20 06:50 PM
03/21/20 06:50 PM
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Joined: Nov 2008
Posts: 4,548 Cleveland IL
muddyriverdogz
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cfowler, you're not insinuating the wealth redistribution in this country is actually going from the bottom/middle up when we've been told it's from the top down?
Thats exactly what he is saying and thats exactly what has been going on under both parties. The socialism word is only used when the bottom 90% get it. Socialism for the rich and the rest can pound sand. This is the new definition of Capitalism, only capitilism can't exist under financial manipulation.So it's Fascism. Article I, Section 8, Clause 1 of the United States Constitution, The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
Last edited by muddyriverdogz; 03/21/20 07:14 PM.
You only live once, so get over it!
Tactics may change but the goal remains the same.
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Re: A recession?
[Re: Steven 49er]
#6812012
03/21/20 10:09 PM
03/21/20 10:09 PM
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Joined: Apr 2014
Posts: 7,084 MO
cfowler
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cfowler, you're not insinuating the wealth redistribution in this country is actually going from the bottom/middle up when we've been told it's from the top down?
You’re right, I should’ve been more clear. The rich will get richer, and they’ll do it by making the poor poorer. It’s the way greed works. IMO
I trap for fun. I skin 'em for the money! Grinners For Life-Lifetime Member, MO Chapter, Den #1 ~You Grin, You're In~
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Re: A recession?
[Re: cat_trapper_nv]
#6812050
03/21/20 10:30 PM
03/21/20 10:30 PM
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Joined: Feb 2007
Posts: 1,144 Ohio
BuckMink
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I don’t have a lack of money. Doesn’t mean I can’t have the desire for the wealth gap to be fixed and affordable medical for everyone. Socialism isn’t a poor person thing. It’s for everyone. Sure, just like for every Venezuelan...
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Re: A recession?
[Re: Wild_Idaho]
#6812059
03/21/20 10:36 PM
03/21/20 10:36 PM
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Joined: Feb 2007
Posts: 1,144 Ohio
BuckMink
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Finally, someone who agrees. Now I don’t believe in all socialism but some sort of social income for those who make under a certain amount would be amazing. I don’t mind paying slightly higher taxes to help others less fortunate. They way this country discriminated against African Americans and Latino people is crazy. We like to keep them on the low income side which forces there kids to grow up with nothing so the very wealthy few can make more money. [/quote]
Sure, pay them and they have no incentive to learn and put forth effort and contribute to society.
When the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed. Is this man truly a genius? Checked out and this is true…it DID happen! An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that Obama’s socialism worked and that no one would be poor and no one would be rich, a great equalizer.
The professor then said, “OK, we will have an experiment in this class on Obama’s plan”. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A…. (substituting grades for dollars – something closer to home and more readily understood by all).
After the first test, the grades were averaged and everyone got a B. The students
who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.
The second test average was a D! No one was happy.
When the 3rd test rolled around, the average was an F.
As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed. Could not be any simpler than that.
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Re: A recession?
[Re: BuckMink]
#6812066
03/21/20 10:46 PM
03/21/20 10:46 PM
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Joined: Nov 2008
Posts: 4,548 Cleveland IL
muddyriverdogz
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I don’t have a lack of money. Doesn’t mean I can’t have the desire for the wealth gap to be fixed and affordable medical for everyone. Socialism isn’t a poor person thing. It’s for everyone. Sure, just like for every Venezuelan... We are Venezuela...You think debt monitization works different here ? You do realize the Fed must print money and buy debt to surpress interest rates ? There's no free market about that.
Last edited by muddyriverdogz; 03/21/20 10:48 PM.
You only live once, so get over it!
Tactics may change but the goal remains the same.
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Re: A recession?
[Re: charles]
#6812136
03/21/20 11:33 PM
03/21/20 11:33 PM
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Joined: Nov 2008
Posts: 4,548 Cleveland IL
muddyriverdogz
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Can’t see how we can afford this year, but at least Bernie is not at the wheel. What do you need Bernie for when you got Trump . Have you checked the national debt lately ?
Last edited by muddyriverdogz; 03/21/20 11:34 PM.
You only live once, so get over it!
Tactics may change but the goal remains the same.
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Re: A recession?
[Re: muddyriverdogz]
#6812154
03/21/20 11:52 PM
03/21/20 11:52 PM
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Joined: Mar 2007
Posts: 35,169 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
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Posts: 35,169
McGrath, AK
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We are Venezuela...You think debt monitization works different here ?
You do realize the Fed must print money and buy debt to surpress interest rates ? There's no free market about that.
You do realize that the Fed prints nothing. When the fed buys debt it electronically credits 'reserves' to the seller's account. They don't print currency and hand it to the seller.
Mean As Nails
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Re: A recession?
[Re: white17]
#6812183
03/22/20 12:06 AM
03/22/20 12:06 AM
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Joined: Mar 2010
Posts: 2,958 South Dakota
Hydropillar
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We are Venezuela...You think debt monitization works different here ?
You do realize the Fed must print money and buy debt to surpress interest rates ? There's no free market about that.
You do realize that the Fed prints nothing. When the fed buys debt it electronically credits 'reserves' to the seller's account. They don't print currency and hand it to the seller. ok the fed doesnt print money?? who does?? it must be comeing from somwhere!!
The only place you find free cheese is in a mousetrap !
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Re: A recession?
[Re: Wild_Idaho]
#6812184
03/22/20 12:08 AM
03/22/20 12:08 AM
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Joined: Mar 2010
Posts: 2,958 South Dakota
Hydropillar
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One of the most common questions about the Federal Reserve is this: Does the Fed print money?
There are really two ways to address this question. In terms of the actual, physical printing, no, the Fed doesn’t actually print or produce money in any form. Coins come from the U.S. Mint, and paper currency comes from the U.S. Treasury’s Bureau of Engraving and Printing. The Fed distributes currency after it’s printed.
Controlling How Much Money Is Available However, what many questioners might really be asking is whether the Fed has the ability to control how much money is in our economy. That’s a different story.
The Fed adds to (or subtracts from) the amount of money in the economy by buying (or selling) U.S. Treasury securities and other financial instruments. This is referred to as “open market operations,” since these transactions take place in the open market. (The Fed isn’t allowed to buy securities directly from the U.S. Treasury.)
The Fed pays for those securities by crediting funds to the reserves that banks are required to hold, either cash in their vaults or deposits at a Reserve bank.
“So, in that sense, we can think of ‘printing money’ as adding reserves to the banking system,” said David Wheelock, vice president and deputy director of research.
The only place you find free cheese is in a mousetrap !
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Re: A recession?
[Re: Wild_Idaho]
#6812190
03/22/20 12:11 AM
03/22/20 12:11 AM
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Joined: Mar 2010
Posts: 2,958 South Dakota
Hydropillar
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i concider the treasury the fed also... there probably isnt enough trees to print the dollars created,,,,, wasnt that many years ago i hear the word trillion... now its every day
The only place you find free cheese is in a mousetrap !
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Re: A recession?
[Re: muddyriverdogz]
#6812788
03/22/20 12:17 PM
03/22/20 12:17 PM
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Joined: Feb 2007
Posts: 1,144 Ohio
BuckMink
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Ohio
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Can’t see how we can afford this year, but at least Bernie is not at the wheel. What do you need Bernie for when you got Trump . Have you checked the national debt lately ? Sure, all of the national debt we are going to blame it on trump without acknowledging the past presidents...what have they done to alleviate the debt?
Last edited by BuckMink; 03/22/20 12:23 PM.
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Re: A recession?
[Re: white17]
#6812810
03/22/20 12:37 PM
03/22/20 12:37 PM
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Joined: Nov 2008
Posts: 4,548 Cleveland IL
muddyriverdogz
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We are Venezuela...You think debt monitization works different here ?
You do realize the Fed must print money and buy debt to surpress interest rates ? There's no free market about that.
You do realize that the Fed prints nothing. When the fed buys debt it electronically credits 'reserves' to the seller's account. They don't print currency and hand it to the seller. I do realize they don't actually have to physicaly print the money anymore. That they can just add digits to a screen. It is 2020. That doesn't change the meaning of my comment. Weather the currency is represented in digital or paper form it was still created under the Fed's discretion.
Last edited by muddyriverdogz; 03/22/20 12:43 PM.
You only live once, so get over it!
Tactics may change but the goal remains the same.
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