Discussion in 'Political Opinions & Beliefs' started by bringiton, Mar 31, 2020.
How, exactly, would taking less from working people create a "full blown largest depression"
I guess this poster will be sending her stimulus check back, to help prevent a "full blown largest depression"
Ha! Just write "Not my president" and return to sender!
We may find out shortly.
$2.2T bailout. NOt taking less from people, giving them free money.
Why take less if one is just going to give them free money to avoid a full blown recession?
My. Look at all the new socialists. Loving gov't free money.
I'm not getting any.
She swings,....... she misses
illegal immigrant are you, ma'am?
Or a dependent on someone else's taxes, miss.
My income disqualifies me
As I understand it, the Fed is essentially financing the purchase of these stock for the Treasury. So, essentially, FedGov takes ownership of them. Which is also known as nationalizing them...
It also may mean the Fed is actually Federal now. The word is that Fed is being merged with Treasury. Thats the only way this thing is legal.
That's not legal either.
The FED can't even lend to the treasury directly. It does so via the gov's primary bond dealers, of which there are six and are large wall street banks. They sell treasuries to each other, collect commissions for the sale, then the FED gives them cash and takes the bonds off their books and puts them on the FED's books. The FED has been buying complete tranches of bonds that were auctioned by the treasury just days prior.
It has been doing this since fall. The bond dealers are making a killing in commissions courtesy of the taxpayers, for doing nothing
There is no such thing as free money. Any dollar the government doesn't forcefully confiscate will be spent, saved, or invested. The least responsible tax payer is still better than the most responsible politician!
Of course there is.
$2.2T. It's free.
Prove it is NOT.
Easy. Where did they get the money?
Probably borrow it from China and Japan!
They just gave it.
Where do you think they got the money?
They stole it from my grand kids.
Yeah, grossly overpaying the super-duper uber-rich for their bubble assets is a sweet way to blame "nationalization" for the resulting fascist kleptocracy.
They created it.
You don't understand how a monetary sovereign works. Google MMT and start reading.
You mean like magic?
I mean like accounting entries. Private commercial banks create money as liabilities in return for new loan assets. The Fed is doing it in return for the super-duper uber-rich's stocks and bonds. The only difference is that the stocks and bonds are existing assets, not new ones, so their previous owners get the dough.
Oh, so they borrowed it. Where are they going to get the money to pay it back? Are you buying treasury bonds?
<sigh> Can't you read? They didn't borrow it. They created it. No one else had it before they did. I'm not sure there is any clearer or simpler way to explain that to you.
THEY ALREADY CREATED IT.
No, because the Fed is going to crash them with high interest rates before selling them back to the super-duper uber-rich.
Like a Xerox.
Its a 'tax credit advance.' We'll be paying it back via inflation.
It could also be called socialization. There isn't a meaningful difference...
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