Posted on 12/21/2020 2:28:33 PM PST by ChicagoConservative27
Preparation for Walmart and Amazon CCP commerce workers. Managers at WMT already with “coach” tags on lapels. Big Lobby business as usual, the rest to Walmart
Main point AGAIN is....NO HYPER_INFLATION as you predict.
Exploitation of the poor. Insurance, banking, and Fed govt. $$$$ MAFIOSA, the rest exploit to WMT/AMAZON.
WMT couldn’t handle the Trump economy job competition. They had employees jump ship for elsewhere. They want LOCKDOWN. Everyone else closed
Last time it was $1,400 to allow a girl or guy who worked as a waitress , fast food worker or store clerk to somehow make one payment on their rent and utilities. Through no fault of theirs their job was closed off by the elite governor's lockdown. For "science".
What exactly does $600 buy now? Before the out of control wildfire inflation gets going in earnest. And taxpayers have to pay the debt back. Maybe borrow from China.
Day late. Dollar short.
Yah right I’m not going to hold my breath.🙄
In our debt based system money isn't printed, it's loaned into existence by banks. Yes, there was a huge spike in lending after the CARES act. But since then lending growth has contracted severely and it shrinks more every week.
Weimar Republic
Going to get even crazier Yellin believes in negative interest rates
Most of the money will go to pay off credit cards.
It will buy a loaf of bread in a few years.
The billions sent into the average American’s accounts were not loaned
I understand how “money” is created.
But when the Fed starts buying up every mortgage backed security on the street—that’s not loaned either.
They are injecting a lot of dollars into a system. It is literally like they keep pushing on a string. And they wonder why the string isn’t moving.
but our local indian casino got about 5million last time around and they don’t pay federal taxes at all...wonder what they’ll get this time...
That's right. Those were prior existing dollars that were borrowed by the Treasury via bond issuance. Those dollars weren't printed. They were dollars that were already in the system.
But when the Fed starts buying up every mortgage backed security on the street—that’s not loaned either. They are injecting a lot of dollars into a system.
When the Fed buys an MBS (or Treasury bond), it does not give out new dollars for it. The Fed issues a kind of IOU to the bank. The bank can count that IOU as part of it's loan reserves. It's still their collateral, but it's not new fresh lendable cash and does not count as part of the broad money supply.
You really believe that those dollar came from Bonds? Have you looked at the balance sheet?
So the US is completely solvent?
You make me chuckle. But we have the full faith a credit behind it.
That is delusional thinking that is someday going to lead you to wondering why you cannot afford food.
The Fed doesn't print money and it doesn't deposit money into people's bank accounts.
I'm not giving you an opinion. That's just the mechanics of how the system works.
I am well away of how money can be created.
If you think that is what’s happening now, you are not looking around.
There Antony any “stimulus bonds”. Nor will there be.
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