Feds Withdrawing Stimulus

Feds Withdrawing Stimulus

Posted in the New York Forum

Lois

Queens Village, NY

#1 Dec 18, 2013
Does this mean we might start getting interest on our bank accounts? And a decent raise in Social Security.

That would be nice for a change. Thank you.

Remember in the early 80's when the bank interest was 20%? I think its time for some of that again. After all, we haven't had bank interest in a long time.

Thanks again. It's only fair.
Lois

Queens Village, NY

#2 Dec 18, 2013
Furthermore

Queens Village, NY

#3 Dec 18, 2013
when the stockmarket starts dropping like a brick from its false inflation,

please spare me the pictures of the brokers with their heads in their hands, and the weeping, wailing and drama too.

Thanks again.

A pleasure doing business with you.

Happy Holidays.
nac

Merrick, NY

#4 Dec 18, 2013
Lois wrote:
Does this mean we might start getting interest on our bank accounts? And a decent raise in Social Security.
That would be nice for a change. Thank you.
Remember in the early 80's when the bank interest was 20%? I think its time for some of that again. After all, we haven't had bank interest in a long time.
Thanks again. It's only fair.
It most certainly does not mean that we will start earning interest on our bank accounts. Those days are over, forever. Raise in Social Security? Not hardly.

The Fed is lowering their bond buying (money printing) from $85 Billion a month to $75 Billion a month. When you factor in Fractional Reserve banking, the amount of money created out of thin air every month is actually a 12 digit number.

No healthy economy in history has ever done that. Every failing economy in history has done that... to postpone collapse. Not to prevent, but to postpone. Recent example: Wiemar Republic.

The vast majority of the newly created money each month ends up in one place... the equity market. It has nowhere else to go. Investment in Main Street/small business is a losing proposition, Wall street is the only place real money can be made.

But just as the newly created currency is fake, so are the Wall Street profits. If the Fed stopped pumping money into the stock market, it would plummet like a stone. Instantly.

The Fed's only hope is to slowly ween off the QE policy before the inflation destroys the economy.

The problem is... decreasing the money pumped into Wall Street will hurt the big banks and the ultra-wealthy. Continuing to pump Wall Street with money will cause inflation, harming the middle class and the poor.

Who do you think they'll look out for, the rich or the poor?
Opinion

Hot Springs, SD

#5 Dec 23, 2013
nac wrote:
<quoted text>
It most certainly does not mean that we will start earning interest on our bank accounts. Those days are over, forever. Raise in Social Security? Not hardly.
The Fed is lowering their bond buying (money printing) from $85 Billion a month to $75 Billion a month. When you factor in Fractional Reserve banking, the amount of money created out of thin air every month is actually a 12 digit number.
No healthy economy in history has ever done that. Every failing economy in history has done that... to postpone collapse. Not to prevent, but to postpone. Recent example: Wiemar Republic.
The vast majority of the newly created money each month ends up in one place... the equity market. It has nowhere else to go. Investment in Main Street/small business is a losing proposition, Wall street is the only place real money can be made.
But just as the newly created currency is fake, so are the Wall Street profits. If the Fed stopped pumping money into the stock market, it would plummet like a stone. Instantly.
The Fed's only hope is to slowly ween off the QE policy before the inflation destroys the economy.
The problem is... decreasing the money pumped into Wall Street will hurt the big banks and the ultra-wealthy. Continuing to pump Wall Street with money will cause inflation, harming the middle class and the poor.
Who do you think they'll look out for, the rich or the poor?
When will this economic collapse happen? How long before the leak sinks the ship?

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