Posted on 01/13/2022 5:10:48 PM PST by blam
Doesn't look like government debt to me.
Way back in post #37, I said....
"It's US Treasury debt and guaranteed MBS. Why is it toxic?"
Here's your chance, again. Why is guaranteed MBS toxic.
Yes. And some Ginnie Mae.
So would that count as “corporate”? Or are those still GSEs and considered quasi-government?
Page two says they were all gone by Sep 20, 2021.
could be
i assume that “income security” means welfare?
there’s so much ripoff fraud and abuse in that program, they should limit it to the genuinely disabled and be done with all the rest of that spending
So that guarantee essentially makes them Treasuries. I was just trying to decide if politicket had a point.
Yes.
He could have had a point, if he was talking about anything but the Treasuries and MBS.
I knew the Fed had talked about selling the corporate bonds, but I didn't know they were already gone 3 months ago, until just now.
“ If you unravel all debt to where it’s all paid off, then there would be no money.”
But there would be assets which would be exchanged for something. That something would be money in one form or another.
L
Typo.....
I meant to type that interest rates should be determined by the bank a person goes to, not a central bank.
These are the rates the Fed charges banks.
“Oil didn’t skyrocket in 2008.”
So what do you call it going to $140, earthrocketing?
He’s right about China crashing like Japan did at the end of the 80’s due to an insane real estate bubble.
I guess you have forgotten. I haven't.
https://www.macrotrends.net/1369/crude-oil-price-history-chart
The all-time high was in June of 2008. It was spiking out of control and OPEC couldn't due a THING about it. I think it was one of the catalyst for the financial collapse.
If you predicted $30 a barrel, you must have sold a LOT of newsletters. Because, NO ONE I ever knew was predicting that in the first half of 2008.
Almost sounds like Modern Monetary Theory.
As I understand MMT, disregard debt (you owe it to yourselves) print money until there’s inflation, then raise taxes to curb inflation. That’s kind of simplified. It’s what Bernie, AOC and others follow. Nearly every country is in debt, and their debt is growing. In that sense money is debt.
I’m aware.
I’m one of those that believes there should be no Federal Reserve. No central bank.
The banks have the money. Let them loan it.
Let them be responsible for their own actions.
Actually lost a lot of good friends - since I also wrote about how gold and silver would tank.
I found out that people get very angry when one has the audacity to make a prediction about precious metals that differs from the one that would tickle their ears.
“the money supply”
V of money is down. Period. Prices⬆ Costs of living⬆ D-Employment.
What I teach has nothing to do with that.
Money is not "printed" - it is created when new bank loans are created. It is also created when people make purchases with their bank credit cards, etc.
Money is destroyed every time debt is paid off.
How has the FED invested in equities?
How does the FED buy MBSs?
Does the FED itself have debt?
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