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Fed officials warn Trump that fiscal policy must be smart
Market Watch ^
| Published: Dec 5, 2016 11:50 a.m. ET
| Greg Robb
Posted on 12/05/2016 12:08:50 PM PST by b4its2late
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To: b4its2late
they are runnin’ scared I tell ya’
The Donald is one not to be dictated to
This is a “nothing burger” ala David Brock.
Truly is funny to see them trying to set terms.
To: b4its2late
The same fed officials that haven’t had a smart policy yet??
We’ve have stagflation just like in the 1970’s yet once again under a Democrat.
Trump knows to ignore these liberal idiots that have no clue how to manage an economy.
Who knew Carter was going to be beat by Obama???
Don’t know what makes these liberals so stupid but it really works.
42
posted on
12/05/2016 1:34:49 PM PST
by
CodeToad
(If it weren't for physics and law enforcement, I'd be unstoppable!)
To: b4its2late
intelligently designed to spur the economy Like printing QE I-VI money like it's water? Screw you.
43
posted on
12/05/2016 1:35:55 PM PST
by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money.)
To: b4its2late
What gives the Fed the right to lecture Trump??
44
posted on
12/05/2016 1:45:02 PM PST
by
dynoman
(Objectivity is the essence of intelligence. - Marilyn vos Savant)
To: b4its2late
Yep, he should start with the smart fiscal policy of passing the Glass-Steagall Act.
45
posted on
12/05/2016 1:52:30 PM PST
by
RetiredTexasVet
(The Mofia is a private crime family; whereas, the DOJ is the gov't's political crime family.)
To: b4its2late
Americans have to realize that our unelected bureaucracies are out of control when they are hectoring and lecturing at the highest elected official in the country. The federal bureaucracies need to be chastised, chained, leashed, and neutered.
46
posted on
12/05/2016 2:02:29 PM PST
by
WMarshal
( Schadenfreude, it feels so good!)
To: ClearCase_guy
For sure. And the dudes on the Board.
47
posted on
12/05/2016 3:04:35 PM PST
by
b4its2late
(A Liberal is a person who will give away everything he doesn't own.)
To: thorvaldr
48
posted on
12/05/2016 3:28:29 PM PST
by
SgtHooper
(If you remember the 60's, YOU WEREN'T THERE!)
To: b4its2late
Yeah, obama-style smart - spend trillions of dollars on brainless programs with money that can never be repaid and only waters down the value of the dollar.
To: Garth Tater
The same thing that happens when the currency collapses, and we can no longer borrow to pay welfare, SS, Medicaid, Medicare and military and the elect(eds) pension. We cannot keep borrowing from the future to pay for the past.
50
posted on
12/05/2016 6:39:40 PM PST
by
Glad2bnuts
(If Republicans are not prepared to carry on the Revolution of 1776, prepare for a communist takeover)
To: Glad2bnuts
We cannot keep borrowing from the future to pay for the past.
Agreed, but the results of ending the debt based, fiat currency system are so catastrophic that there will never be support among the public for ending it. But then again, the end of the system is mathematically dictated by the ever (exponentially) increasing demands for new debt to replace the expiring old debt PLUS it's attached interest. The end result is a tidal wave of new currency which causes each unit of new currency to become worthless.
It can't be stopped by us and at the same time it can't continue. Rock and a hard place. Fun times and worthless currency dead ahead - man the oars and start bailing.
51
posted on
12/05/2016 7:13:11 PM PST
by
Garth Tater
(I've been looking for a guy named John, John Galt. Has anybody seen him around?)
To: Garth Tater
Agreed. When the Federal Reserve raises interest rates as they MUST do at some point to somewhere around 12% like after Reagan was elected, the amount to service the debt will be $2.4 TRILLION per year. At 6%, it is $1.2 Trillion per year. That is money spent on NOTHING... Financial death is coming, followed by Hades riding a black horse.
52
posted on
12/05/2016 7:26:50 PM PST
by
Glad2bnuts
(If Republicans are not prepared to carry on the Revolution of 1776, prepare for a communist takeover)
To: Glad2bnuts
Yep. Raise the interest rate and the economy crashes. Keep going as we are and it's hyper-inflation for sure. No matter what we do we're between the rock and the hard place - and it is all according to the original plan. The money printers knew we as a people couldn't resist the easy money they offered with their ponzi scheme and they knew the inevitable outcome of their ponzi would be us so dependent on them and their printed-from-nothing money that we would never be able to cut loose from it.
There is going to be hell to pay and we're not all going to make it out the other side. Make your peace. Make your plans. Do what ya gotta do.
53
posted on
12/05/2016 8:14:32 PM PST
by
Garth Tater
(What's mine is mine.)
To: tet68
Makes you wonder what the heck theyve been doing the last EIGHT years...if its all so simple.Listen, they've had it tough having to deal with all the unexpected economic news. You know, unexpected job losses, unexpected lower GDP, unexpected higher job cuts…
54
posted on
12/06/2016 6:46:06 AM PST
by
Dahoser
(Separation of church and state? No, we need separation of media and state.)
To: Jack Hammer
Yep. Stimulus package for his cronies
55
posted on
12/07/2016 2:11:52 AM PST
by
b4its2late
(A Liberal is a person who will give away everything he doesn't own.)
To: ClearCase_guy
56
posted on
12/09/2016 10:03:50 AM PST
by
Toddsterpatriot
("Telling the government to lower trade barriers to zero...is government interference" central_va)
To: Garth Tater
But then again, the end of the system is mathematically dictated by the ever (exponentially) increasing demands for new debt to replace the expiring old debt PLUS it's attached interest.Baloney. The Treasury spent $402 billion for interest on the debt last year. Under Obama transfer payments have increased by $1 trillion since 2008. Bring those payments back to the merely ridiculous levels of 2008 and the debt stops growing.
57
posted on
12/09/2016 10:11:36 AM PST
by
Toddsterpatriot
("Telling the government to lower trade barriers to zero...is government interference" central_va)
To: Toddsterpatriot
Baloney. The Treasury spent $402 billion for interest on the debt last year.
Unfortunately it's not baloney, it's math.
When you create a debt instrument to purchase a car, or a home, or to finance your education, or when the govt borrows to finance its spending, Federal Reserve Notes (which we use as currency) are created in an amount equal to these debts. Paying off these debts requires you to remove from the economy the amount of currency (Federal Reserve Notes) created by the debt plus additional currency that is removed from the economy by you to pay off the interest that the debts generated. Both the currency removed from the system to pay off the debt and the currency removed from the system to pay the attached interest have to be recreated by the banks by generating NEW debts.
New debt = old debt + interest paid. That is an exponential function and what is the mathematical result over time of an exponential function with an exponent greater than one?
The sad fact that most people don't understand how our monetary system works and the math behind it has a lot to do with the predicament we've found ourselves in today. We can't get off the debt based fiat currency carousel because it would immediately crash the economy and mathematically the ride will inevitably crash into hyperinflation. We're between a rock and a hard place and headed straight into debt slavery. But at least we'll have plenty of baloney to eat on the way.
58
posted on
12/09/2016 1:44:17 PM PST
by
Garth Tater
(What's mine is mine.)
To: Garth Tater
When you create a debt instrument to purchase a car, or a home, or to finance your education, or when the govt borrows to finance its spending, Federal Reserve Notes (which we use as currency) are created in an amount equal to these debts.If you've deposited $10,000 in your bank...and I go there and borrow $9,000, to buy a car, why do you feel Federal Reserve Notes of any amount, let alone $9,000 need to be created?
plus additional currency that is removed from the economy by you to pay off the interest that the debts generated.
When I pay interest to your bank, that interest is "removed from the economy"?
That's funny, I thought the bank now had it? That they used it to pay workers, rent, taxes, dividends and interest to depositors with that interest?
and the currency removed from the system to pay the attached interest have to be recreated by the banks by generating NEW debts.
A bank has to "generate new debt" when I pay the interest on my car loan?
The sad fact that most people don't understand how our monetary system works
But enough about you.
It's clear from your many, many errors in the post, you have no idea how the monetary system or banking works.
59
posted on
12/10/2016 7:55:16 PM PST
by
Toddsterpatriot
("Telling the government to lower trade barriers to zero...is government interference" central_va)
To: Toddsterpatriot
It's clear from your many, many errors in the post, you have no idea how the monetary system or banking works.
Sorry Todd, but you really are clueless on how our modern debt based, fiat currency system works. When you borrow money to buy a house the bank credits the amount of the mortgage to your bank account taking your mortgage note in return.
The money that is now in your bank account was not taken out of a pile of money at the bank, it was in effect "printed out of thin air" with just a simple accounting entry. Sadly most people don't know how our monetary system works. Don't believe me? Would you take old Henry's word for it:
It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.
- Henry Ford
or how about the first central banker of the modern world?
The bank hath benefit of interest on all moneys which it creates out of nothing.
- William Paterson, founder of the Bank of England in 1694
"The Creature from Jekyll Island" would be a good book for you to read to get up to speed on how our monetary system actually works.
60
posted on
12/11/2016 9:29:47 AM PST
by
Garth Tater
(What's mine is mine.)
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