Are you sure?
Posted on 06/08/2014 6:42:22 PM PDT by Perseverando
“Never gonna happen. “
That’s exactly what they said in Venezuela and Argentina.
L
Venezuela and Argentina had a negative interest rate policy? When?
“The masses are being plundered on a scale which is inconceivable and unmatched in history; it is the source of the middle classes dying in the developed world. The developed world has become a well-disguised plantation of serfs and slaves. They are given nothing to store and save their labor in as the currency they hold are printed endlessly and have no reserves to back them and are redeemable in NOTHING, contrary to every sound currency in history. Modern day money is nothing less than a wealth confiscation scheme run by morally and fiscally bankrupt central banks and governments against their own citizens.
Is there any human activity where you are not taxed today in one way or another? Is there any major financial holding which people own free and clear of annual taxes or don’t have to share any gain with the masters in central governments? They are your partners in everything even though you performed the work to buy your assets. The government has given the working man nothing in exchange for sharing in the profits or appreciation. Government services such as roads, schools, sewers, police and courts are paid for out of taxes.”
A good article.
What would good investments nowadays be?
“Printing money doesn’t create debt.”
No it creates inflation, which is helpful in paying off debt.
Cyprus.
Are you sure?
Thanks to Woodrow Wilson, every US federal reserve note (dollar) in circulation represents a debt owed by the govt of the US to the federal reserve banking system. Therefore, Money = Debt and, hence, Creating money = Creating debt.
**Never in my 30+ year career as a market observer have I seen so many out on a limb which is about to be SAWED OFF.**
BTTT!+
Can someone hold all bad things from happening off for two more weeks. I get some money from an inheritance then. I will then be finally prepared for whatever.
You Single?
That's an interesting claim. You think the US government borrowed the $20 in my wallet from the Fed?
What ever you will need to consume over the next 5years that you can store.
Printing money doesn’t create debt.”
It does create inflation, however.
Well yes, that’s the goal. The FED has an inflation target of 2% (as they define inflation). I’m not saying the FED has good policy, that’s a different discussion.
The FED printed $30 trillion? That’s much less than the wealth that was destroyed thourgh asset and labor deflation since 2007. So, the net effect of the financial crisis and the money printing has been deflationary. Without the printing we would be firmly in deflation. (Again, not commenting on the efficacy of the policy, just noting it.)
I never melt down over the rightness or wrongness of policy, that is a waste of time. Govt policies are things to work around, that’s all. One takes advantage of policy when possible, and minimizes damage from policy when profit isn’t possible.
I estimate the FED will have to walk the current tightrope between inflation and deflation for another 9-11 years. Whether it can do so is unknown.
Some contingency planning is advisable.
Sp, yes. that $20 bill in your wallet was borrowed by the US government and will be paid back to the federal reserve plus interest.
The Fed doesn't lend out FRNs.
Sp, yes. that $20 bill in your wallet was borrowed by the US government
Why do you feel the US government needs to borrow FRNs?
and will be paid back to the federal reserve plus interest.
Why would the Treasury repay anyone for my $20? You're not making any sense.
Yes they do. to the US government.
Why do you feel the US government needs to borrow FRNs? where do you think that federal reserve note in your wallet came from then?
Why would the Treasury repay anyone for my $20? You're not making any sense.
the treasure won't repay them. You will. through your taxes. what do you think it means to pay "interest on the debt"? look at the graph I just showed you. That's your obligation to the federal reserve.
Yes they do. to the US government.
Where does the US government spend FRNs?
what do you think it means to pay "interest on the debt"?
That's interest the Treasury owes on bonds they sold. Not on FRNs.
That's your obligation to the federal reserve.
No it isn't.
But if you have a family member with a big mouth, keep it to yourself so you don’t have to shoot a burglar.
Good idea though!
And a small wad for your BOB/’Get out of Dodge bag’.
Tell someone you trust about the stashes so the cash doesn’t get lost if a you get run over by a bus.
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