Have prices doubled in the last few months? Why not?
Giving it away? Where? Be specific.
AIG, BOA, Goldman Sachs, Citibank, Tarp
TARP money was not a give away. And it wasn't the Fed.
23.7 trillion worth of guarantees..
The Fed did that? You have a link with details?
Monetary growth was out of control during and after the Vietnam War until Volker raised rates to 20 plus percent. Then we had a slight deflation due to the depths of the recession.
Doesn't sound unavoidable to me.
Disagree, the amount of gold mined equals about a 1.8% increase in the gold stock per annum
A growth of 1.8% means the money supply is not fixed.
And what is really wrong with the value of the currency going up by 2 percent a year,
If house prices were dropping 2% each year, forever, who would buy a house? If cars dropped in price 2% each year, would sales suffer?
as the productivity is increased.
Falling prices due to productivity are good. Falling prices due to deflation are bad. Do you understand the difference?
Some were, some weren't.
How many depressions did we have in the 95 years before the Fed? In the 95 years since?
By the government doing nothing, few depressions lasted as long as the 1930's, which ranked among the worst.
The Fed mistakenly allowed the money supply to crash during the depression. They're not making the same mistake now.
What the hell do you call quantitative easing?
I call it increasing the money supply.
Printing money, buying treasuries and other agency debt.
The Fed does not create money and give it to the Treasury to spend.
I don't think I am imagining anything, its an uncontrovertible fact that they have purchased about $1 trillion in government debt over the past year
You are mistaken.
and they have no intention of stopping
I heard last night that they'd soon stop buying bonds. Nothing official, yet.
since the rest of the world has lost faith in our ability to repay. Do you deny this?
I deny that a 10 year bond rate of 3.74% is proof that the world has lost faith in our ability to repay.
You must work for the Fed or for some bankster on Wall Street, fess up!
Normally such a poor grasp of the facts would mean you work for the Democrats, fess up.
Hardly a dem. You didn’t answer my question, do you work for Fed or a Bankster?
Do you deny they bought bought treasuries and other US gov’t debt, to the tune of $1 trillion?
Inflation hasn’t picked up yet, it is understated in the official government numbers and always has been. There is a lag time before monetary creation and inflation.
Do you deny that our dollars today are worth less than 5% of what they were in 1913? Do you deny that the fed is responsible for this?
Yes, price declines due to productivity are not due to deflation, yet we haven’t gotten to experience the benefits of our productivity because the Fed has inflated the currency and wiped out any gains we would have otherwise realized.
What is wrong with the value of the currency increasing.
You work for the Fed, admit it. I know you do. You work for the Fed in one capacity or another. Your profile shows you are a Fed apologist. You decry gold and silver. You love fractional reserve banking because it makes bankers rich and sucks the blood out of the people.
Do you work at the NY Fed or at the Headquarter