Posted on 03/23/2020 5:48:08 AM PDT by Kid Shelleen
The Federal Reserve said Monday it will launch a barrage of programs aimed at helping markets function more efficiently in the wake of the coronavirus crisis. Among the initiatives is a commitment to continue its asset purchasing program “in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions and the economy.”
That represents a potentially new chapter in the Fed’s “money printing” as it commits to keep expanding its balance sheet as necessary, rather than a commitment to a set amount.
(Excerpt) Read more at cnbc.com ...
I think we’re about to discover a surprising solution to the shortage of toilet paper!
“A barrage of programs aimed at helping markets function more efficiently..”
It’s already functioning very efficiently.
L
Spending our grandchildren’s money is easy. They don’t get a voice.
Yeah. That sizeable amount of cash we have for several years’ worth of living expenses it about to get us maybe a few months.
Why not just shut the markets down for a few weeks like they did post 9-11 it’s clear irrational fear has take over
QE3?
Alright!!!!!!! Fed’s purchasing assets? I’m selling them my house!
the solution is so easy and yet the government keeps missing it. Instead of sending every american a check, they need to just have the banks and credit card companies FREEZE interest and payments on debt for the duration of the crisis, and then have the banks and credit card companies be compensated by the government for their losses. This would cost MUCH less than all the other solutions and would actually help. Because if you are not having to pay payments + interest on all your loans, you can go as long as needed like this.
Because they want it to crash, hard, to get rid of Trump.
They should just install a money printer in everyone’s home.
madness For Pete’s sake just let people go back to work
Spending our grandchildren’s money is easy.
************
We did that well before this pandemic even arrived.
That won't help. It's too scattered. The effort needs to be TARGETED at those without jobs, and businesses suffering due to government closures because of the virus:
- Expand and expedite unemployment, including gig workers.
- Suspend all business payroll taxes for all companies.
- Pay all medical costs for the virus. Every penny.
Assets? Do they mean private property as well, as Agenda 21 (now Agenda 2030) calls for?
That is exactly what they want you to do.
In the New World, subjects will not own private property. Only the elite
Interesting suggestion.
It won’t hurt the banks too much as they will be borrowing money from the Fed at near zero rates.
if the Feds really wanted to fix it.....
what do you mean that wont help? if you or a business large or small is not having to pay payments or interest on your mortgage, your credit card, your student loans, your small business loan, ect. You could stay like this for nearly forever.
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