Posted on 03/29/2020 11:53:42 AM PDT by CheshireTheCat
;-)
This was what I was thinking. Sounds crazy, but it might be true.
Will the US Treasury owe the money to the FED? Will the Fed’s ownnership now dwarf the Chicoms?
I don’t know. Just askin.
The US Treasury department appears to be absorbing the Federal Reserve. Shortly for all intents and purposes the Federal Reserve will no longer exist. They will not be printing dollars out of thin air and loaning them to the govt at interest. Trump is a genius. Nobody else could have pulled this off.
I don’t think you understand what causes inflation.
Putting equity dollars into circulation will not cause inflation.
Maybe I should have expanded my response. Trump is doing a debt for equity swap. The $2 trillion zero interest equity dollars that will be put into circulation will pay off old debt dollars and those old dollars will be removed from circulation. Thats how retired debt goes away. Its removed from circulation. So the equity dollars will not increase inflation.
IMO Trump plans to retire our nation debt with this debt for equity swap before he leaves office in 2024.
You are operating under the assumption that government spending is the cause of our national debt. In reality the root cause is the Federal Reserve. Trump understands this and is moving to eliminate the Fed. This stimulus package is putting your own money back in your pocket. Its also going into circulation as equity not debt. That is a big difference from 2008 to 2020. This stimulus will not add to the $23trillion debt. It will retire $2trillion of the debt.
I just negotiated a 3.15% rate
on a refi of my old 2025 HELOC
waiting for approval.
I should be able to lock in that rate
on my existing balance for 30? years.
might need to help out the kids too :/
7
Again, I don’t think you understand what causes inflation.
I’m not talking about debt I’m talking about inflation. Not sure you understand this.
I don’t think you understand that the $2trillion stimulus dollars that will be put into circulation at zero interest are not debt they are equity. All of the current dollars in circulation are debt dollars and were loaned to the US at interest. Debt cannot pay off debt. Only equity can pay off debt. These new equity dollars will retire debt dollars. They will be removed from circulation so there will not be additional currency flooding in and causing inflation. That is not what is happening here.
Another non sequitur to my replies to you which question your understanding of inflation which you’re confusing with the deficit. You seem to avoid answering plainly what you think inflation is and what causes it.
Please spare me another lecture on the deficit. The deficit itself is irrelevant to why this idiotic, Keynesian “stimulus” causes inflation.
Again, what do you think inflation is and what do you think causes inflation?
I think I’ve attempted to explain that the $2 trillion dollar stimulus package will not put additional dollars into circulation which could cause inflation. Equivalent debt dollars will be retired. Trump is starting to retire our national debt by introducing equity into circulation. That is currency issued by the Us Treasury Dept not the Fed at zero interest. Trump is absorbing the Federal Reserve into the US Treasury.
Its evident that you are unaware of the monetary reset and dissolution of the Federal Reserve that is underway. So until you educate yourself on the evolving change you are going to be out of sync with reality.
To cut to the chase here, I’ll answer my own questions to you. “Stimulus” causes inflation because “stimulus” is “funny” money the government creates from the U.S. Treasury printing presses and then spends.
Government printing more money and spending that money (”stimulus”) is what causes inflation. Inflation is increasing the money supply at an artificial rate that is higher than our GDP.
The effects of inflation are delayed but come at some point - your dollar is worth less because there are more dollars to go around forcing prices to rise.
All this stupid “stimulus” will end up doing just like Obama’s stupid “stimulus’s”, is lower the real value of the dollar and thus cause prices to rise. It is an endless freaking cycle that people allow the government to continue doing. Notice the Left did’ hardly peep when this idiotic Keynesian “stimulus” was proposed. BUT if what should REALLY happen were proposed - TAX CUTS and/or TAX REBATES - the Left would have screamed like bloody hell.
If you’re not sure if it’s the right thing, watch the Left’s reaction. If they have no problem with it, there must be something wrong with it. If they hate is, there mist be something good about it.
In this case, you don’t have to wait for Leftist reaction. “Stimulus” spending is like raising the minimum wage. It looks good on the surface and to the unwary and gullible . But its results are disastrous.
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