"Fed to Start Buying Stocks"?

Discussion in 'Political Opinions & Beliefs' started by bringiton, Mar 31, 2020.

  1. bringiton

    bringiton Well-Known Member

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    No, you are just makin' $#!+ up again. I said it had been done often.
    Not for this debt.

    GET IT???
    Wrong. My point was that it also depends on how much money is being destroyed by bank loan principal repayments.
    Nonsense. Top 5% globally just makes one depressingly middle class in any advanced capitalist economy, and no more than "comfortable" most anywhere else.
     
  2. squidward

    squidward Well-Known Member

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    Ok, conservatives, don't care either.

    You have to prove your claim.
    To not,......is lame
     
  3. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    Thats not the point. Its when new money exceeds actual growth it becomes a problem. Im glad you brought up roads and sidewalks. I live in Los Angeles and in spite of high taxes, gas taxes and registration fees, our roads and sidewalks are crumbling.

    A dime for a soda makes you an old man, but Im not far behind you. It was a quarter when I was a kid!
     
  4. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    The point you are trying to make is not as complicated as you're making it. If you take the anger and frustration #&$@() out of your posts, it may help.

    BTW, if you equally distribute all the money in the US, it wouldn't be long before the rich and poor were right back where they started. Here in the US, our poor have things that most people on Earth can only dream of. The "Hate the rich", victim mentality never leads to success. Maybe thats why most of our new millionaires are foreigners.
     
  5. bringiton

    bringiton Well-Known Member

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    No, that's false, as proved by statistical analysis of lottery winners: about 1/3 end up poor again within five years, but most retain their wealthy status permanently. Your claims are based on prejudice and blame-the-victim propaganda, not fact. Most of the rich are not particularly more skillful, industrious or productive than others, just luckier or more privileged. So while some of the rich would climb back up and some of the poor fall back down (largely because they are not used to having money and don't know how to use it effectively), many would not.
    Blaming the victim never leads to justice.
     
  6. dairyair

    dairyair Well-Known Member

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    In the case of 25% or more people losing work, I doubt new money is going to exceed growth.
    Believe it or not, the Fed Res does do a fairly good job of keeping the economy moving.
     
  7. dairyair

    dairyair Well-Known Member

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    There is no payment to anyone being made for this $2.2T handout.
    It is simply being created on a balance sheet and bank accounts will see a deposit in the next few weeks for the $1200. And supposedly, UE checks will see a $600 increase.
    And all that new money is just popping into existence. To replace the money lost from employers.
     
  8. squidward

    squidward Well-Known Member

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    So zero consequence of any kind, to anyone, ever?
     
  9. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    So how do you explain those coming from other countries with nothing, ending up wealthy? Maybe you didn't get a chance to tell them they had no chance.

    I grew up on Welfare and know what it is like to have nothing. I am very fortunate I did not have people like you in my life telling me I would never make it. Enjoy hating the rich.
     
  10. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    So I ran around with my arms flailing for nothing?
     
  11. squidward

    squidward Well-Known Member

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    Don't you just get sick of this perpetual helplessness argument?

    I came from nothing as well, and I don't remember sitting on my ass expecting to get out !
     
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  12. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    Yes I do. I raised 5 kids to know the difference between wishing and wanting. If you want it, go out and get it!
     
  13. squidward

    squidward Well-Known Member

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    Hard work may not guarantee success, but no work guarantees failure
     
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  14. bringiton

    bringiton Well-Known Member

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    Anecdotes are not evidence of a general relationship, and the plural of anecdote is not "data."
    And maybe you are only talking about a small minority.
    How many of the people you grew up with made it? Do you think the fact that an exceptionally strong person can run a race while carrying someone on their back means that anyone who can't is a lazy bum who isn't trying hard enough?
    Enjoy tonguing the nether parts of your owners.
     
  15. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    I suppose if you can't refute what I said you can always make up things to argue with. This is a forum, so you are likely to see an anecdote or seven! The term "Made it" can be defined many ways. A good friend of mine lives in a trailer park by a lake. His income is low, but he lives like a king. I also know someone you would consider uber rich, and he has issues that prevent him from enjoying life to the fullest.

    For me, the "lazy bum" is not someone who doesn't have money; its the one that points at what others have and want to take it.

    If you are surrounded by people that love you, you are as wealthy as it gets in my eyes. I hope you have a good weekend.
     
  16. squidward

    squidward Well-Known Member

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    Oh geeze.
    Helplessness exemplified
     
  17. bringiton

    bringiton Well-Known Member

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    Being able to see injustice, and being unwilling meekly to submit to it, is "helplessness"??? What an absurd and disingenuous load of garbage.
     
  18. squidward

    squidward Well-Known Member

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    Injustice is me working my way out and you with your hand in my pocket cuz you didn't do the work
     
  19. bringiton

    bringiton Well-Known Member

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    Unless you are a rich, greedy, privileged parasite. Then your privilege will make you "successful" in taking from others without your having to lift a finger.
     
  20. bringiton

    bringiton Well-Known Member

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    But as you know, the law stops the poor from taking from others, while it entitles the rich to take from others. So far more likely, it is me not being able to work my way out because you have your hand in my pocket because the law entitles you to take from me without having to contribute anything in return.
     
  21. squidward

    squidward Well-Known Member

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    No, I'm not, I have to work every day, and will for some time.
    BUt you will tax the **** out of me, while the privileged laugh, and you will think you are doing something good.

    The only thing you will ever accomplish is to guarantee that neither you or your descendants ever do anything more than eat the rich's table scraps.
     
  22. squidward

    squidward Well-Known Member

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    Oh geeze.
    What do I take from you?
     
  23. bringiton

    bringiton Well-Known Member

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    :lol: What an absurd and disingenuous question. How would I even know who you are? Is squidward your real name or something?

    But sure, if you want to maybe we can learn something. What privileges do you own (and of course, what privileges do the companies you own shares in own)? You can start with land titles, bank licenses, IP monopolies, oil and mineral rights, and broadcast spectrum allocations. If you don't know what privileges the companies you own shares in own, tell me which companies and I'll do a little research for you.
     
  24. squidward

    squidward Well-Known Member

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    You've never even worked, have you?
     
  25. dairyair

    dairyair Well-Known Member

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    Who said that?
    For every action, there's an equal and opposite reaction.
    While that is for physics, there must be something similar for economic.

    Hell, throw a stone into a pond, there's a huge reactions in terms of ripples in the water.

    So, to your over dramatic post, of course there's some consequence. But what and how much. Remember 08 bailouts? Led to 12 yrs of no recession.
     

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