Posted on 03/29/2020 11:53:42 AM PDT by CheshireTheCat
Is there an issue with the lessening impact of increased money, with an increased debt? That is, injecting $1T with a debt of $1T has big consequences.... does it also follow that injecting $1T with a debt of $23T has less impact?
We can see the money wasted with the Pelosi crap she added. Every single dime should have gone right to the American taxpayer every single friggin dime. Billions in foreign aid, programs to help other countries, its time to bring this all home and help AMERICA!
TAKE BACK THE HOUSE
That’s why the restaurant business is in for rough times. The forced closures in the last couple of weeks is only the tip of the iceberg. Many restaurants are never going to open again because they are only going to have a fraction of their prior customer base even if everything was allowed to open tomorrow morning.
Thank you. This is a subject I struggle with. Any insight is welcome.
That’s a good point. But don’t compare a $1T injection with the size of our debt. Instead, compare it to our annual GDP — which is over $21 trillion.
The greatest risks are through uncontrollable economic conditions due to wars or natural disasters and errors based on bad political or policy choices. Nowadays, with deep financial markets, widespread economic expertise, and a large and alert investor class, every week offers the equivalent of a final exam for the Fed. When they start to get things wrong, the markets and the news media quickly tell them.
Yeah, inflation is certainly a problem right now.
“ I thought the key word was survival.”
In this situation, they are one and the same.
In other words Trump now controls the Federal Reserve and is merging it with the US Treasury Dept. While everyone is out looking for TP Trump is getting rid of the Fed.
“More freaking inflation”
Not so. The $2trillion is being issued at zero interest and carries no debt. Those are equity dollars that will go into circulation and begin to pay off the old dollars that are in circulation that do carry debt.
“Tbe Federal Reserve will create money out of thin air that the government can borrow”
Not anymore. When Trump drove the Fed to zero interest rates they became irrelevant. The $2 trillion stimulus package is being issued at zero interest and carries no debt.
Thank you! That will need to be stated about 10 million more times before it sinks in.
Talk of this week’s ago, this is the front door, the stimulus is the back door. Same players, both ends.
The cheeseburger joint might no longer be open. Sludge, deflation, deflated.
So true. Most people don’t realize that Trump is getting rid of the Fed as we speak. Once the Fed is totally merged with the US Treasury Dept those 160 or so central banks around the world that currently come begging to the Fed for credit swaps will be coming to the US Treasury Dept for those cred swaps. Thats how we will maintain the US dollar as the reserve currency of the world after the death of the petro dollar which is happening right now.
Do you think Mnuchin is the driver? He is a very intelligent man.
Yes Mnuchin and other unnamed people advising Trump. This is the most masterful monetary reset ever.
I was shocked that they pulled it off.
Honestly I never believed we would ever get rid of the Fed. Only Trump could pull this off.
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