Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!
Can anyone explain how any money gets to private citizens? You know.... the little people?
Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!
Quote:
Originally Posted by
Spectrism
Can anyone explain how any money gets to private citizens? You know.... the little people?
Can you please explain?
Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!
Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!
Quote:
Originally Posted by
Spectrism
Can anyone explain how any money gets to private citizens? You know.... the little people?
I know you've been around long enough to know the answer here Spec. Treasury buys dollars from Fed, at interest, then gives dollars to welfare recipients. It's government sponsored bottom up growth.
Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!
Quote:
Originally Posted by
Spectrism
Can anyone explain how any money gets to private citizens? You know.... the little people?
"Earned" income tax credits!
('cept they gotta make you poor enough to qualify for 'em first)
Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!
Quote:
Originally Posted by
Spectrism
Can anyone explain how any money gets to private citizens? You know.... the little people?
It doesn't. Little people don't matter.
Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!
Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!
Quote:
Originally Posted by
Errosion Of Accord
I know you've been around long enough to know the answer here Spec. Treasury buys dollars from Fed, at interest, then gives dollars to corporate (bank) welfare recipients. It's government sponsored top down annihilation.
fify
Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!
Let's think about what they say they are doing. The fed buys up Fanni & Freddie mortgages. The concept is that it frees them up to lend more. Who is borrowing? Nobody. When Fannie & Freddie get their payoffs, where does that money go? Bonuses.
So how long will it take for Max Silversteiniewicz to spend enough money for you to realize one dime?
What I am getting at is to be careful of the hype. This house of cards market will tumble down because it is unsustainable. Prices depend on buyers. People without money are not buyers.
Take an infinitly long very flexible rope- and call it QE-infinity. Show me how high you can push that rope into the sky.
If you want to push on a rope, you need external guides and narrow channels. Think about what that means.
Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!
Bernanke
Blah, blah, blah.......
He's good at talking in circles, and will continue to kill the usd. His only real hope is for all other governments to do the same to their currency as well. But sooner or later someone, or a group of countries will break ranks and establish something akin to a more stable currency. The beggar thy neighbor game will someday end.