Here Comes the Recession

[508mikey]

Again... What did you expect? Employers to pay their staff to sit home for an indefinite amt of time? You close up, you lay off. You get laid off, you file for unemployment.

and maybe hired back at lower pay

 

[Velo Vol]

What does all that mean?

Basically calling for a stimulus package unconstrained by traditional borrowing hurdles.

 

[NorthDallas40]

Basically calling for a stimulus package unconstrained by traditional borrowing hurdles.

“Unconstrained by traditional borrowing hurdles”? That’s about as much of a soft sell as “some people did something”.

This ignorant wench literally said to just mint two 1T dollar coins and have the Fed print the green backs to “back” the action. What it is is massive currency devaluation

 

[headhunter15]

“Unconstrained by traditional borrowing hurdles”? That’s about as much of a soft sell as “some people did something”.

This ignorant wench literally said to just mint two 1T dollar coins and have the Fed print the green backs to “back” the action. What it is is massive currency devaluation

The FED and the govt. won’t listen to her, will they?

 

[NorthDallas40]

The FED and the govt. won’t listen to her, will they?

I seriously doubt the Treasury and the Fed are going to initiate a nuclear first strike in a currency devaluation war right now.

 

[Velo Vol]

I seriously doubt the Treasury and the Fed are going to initiate a nuclear first strike in a currency devaluation war right now.

Have you checked the Fed's balance sheet the last few days?

Anyway, the GOP is cool with deficits now, so a scheme to get around the debt ceiling isn't necessary.

 

[AM64]

Most of the company that builds fighters are legacy McDonnell Douglas, and they (at least used to) know what they were doing with fighters.

I know - still seems wrong to see the Boeing name on them - kinda like cheating because they didn't earn the title.

 

[NorthDallas40]

Have you checked the Fed's balance sheet the last few days?

Anyway, the GOP is cool with deficits now, so a scheme to get around the debt ceiling isn't necessary.

LMAO. Yeah feel free to insert your own narrative into what I said

How much of what the Fed did in the last week involved the Treasury printing 2T dollars? You should probably get some basic economics and finance down before you attempt to throw shade on the topic.

 

[Velo Vol]

LMAO. Yeah feel free to insert your own narrative into what I said

How much of what the Fed did in the last week involved the Treasury printing 2T dollars? You should probably get some basic economics and finance down before you attempt to throw shade on the topic.

Tell me at what level currency devaluation kicks in here. Ballpark figure it for those of use who don't know basic economics.

 

[NorthDallas40]

Tell me at what level currency devaluation kicks in here. Ballpark figure it for those of use who don't know basic economics.

How much new currency was printed as a result of last week Einstein?

You prove your own idiot argument.

 

[Velo Vol]

How much new currency was printed as a result of last week Einstein?

Tell me, wise one: When the Fed lends $100 billion to banks, how much money is created?

 

[Velo Vol]

 

[NorthDallas40]

Tell me, wise one: When the Fed lends $100 billion to banks, how much money is created?

Who can print currency huh? That BS line of the Fed “printing money” is just that. There is only 1.6T money in existence now between reserves and in circulation. Your liberal idiot Tlaib would in one moment print more money then current exists. You’re welcome.

Who decides when to print money in the U.S.?

 

[Velo Vol]

Who can print currency huh? That BS line of the Fed “printing money” is just that. There is only 1.6T money in existence now between reserves and in circulation. Your liberal idiot Tlaib would in one moment print more money then current exists. You’re welcome.

Who decides when to print money in the U.S.?

Answer the question. How much is created? How many more dollars are there at the end of the day than at the start?

 

[NorthDallas40]

Answer the question. How much is created? How many more dollars are there at the end of the day than at the start?

Read the link. Only the Treasury “creates” money. The Fed loans money.

That idiot Tlaib’s plan to create more than twice as much money than exists today and devalue the currency.

The Fed does not “print money”

 

[Velo Vol]

Read the link.

I did. Did you?

However, the Federal Reserve Bank has control of the money supply through its power to create credit with interest rates and reserve requirements

When people borrow money they very rarely take physical possession of dollar bills. Banks aren't shipping millions of dollars back and forth every day in armored trucks.

 

[NorthDallas40]

I did. Did you?



When people borrow money they very rarely take physical possession of dollar bills. Banks aren't shipping millions of dollars back and forth every day in armored trucks.

You’re not helping your argument. Do you know the terms base money, M1, and M2?

This whole conversation started about that idiot Tlaib’s plan to invent 2T in hard currency which would massively devalue our currency. You jumped in with a non sequitur and deflection and it appears you really had no clue you made one.

 

[NorthDallas40]

Here ya go @Velo Vol this was written as a reply for an 8 year old. Maybe you can absorb this explanation of what happens when the currency total is doubled with no corresponding increase in goods or services. We’re pulling for you!

Why can’t we just print a bunch of money to make everyone rich? | Ask Dr. Universe | Washington State University

 

[Boston Vol]

Not surprising

 

[NorthDallas40]

Not surprising

The first reply was awesome

 

[Orange_Crush]

“Unconstrained by traditional borrowing hurdles”? That’s about as much of a soft sell as “some people did something”.

This ignorant wench literally said to just mint two 1T dollar coins and have the Fed print the green backs to “back” the action. What it is is massive currency devaluation

For those of us with investments, savings, and zero debt, it's wealth transference.

 

[Velo Vol]

Hey look , everyone is going to start selling bonds to the Fed for free!

 

[NorthDallas40]

For those of us with investments, savings, and zero debt, it's wealth transference.

It always is with “the (idiot) squad” sadly

They are a broken record.

 

[Rasputin_Vol]

What did y'all think would happen when you shut down businesses and tell the country to stay away from everyone else.

Nobody should act surprised.

Any politician that made the call to shutdown businesses should go without pay for however long they mandate the shutdown. Then they will have skin in the game.

 

[AM64]

Here ya go @Velo Vol this was written as a reply for an 8 year old. Maybe you can absorb this explanation of what happens when the currency total is doubled with no corresponding increase in goods or services. We’re pulling for you!

Why can’t we just print a bunch of money to make everyone rich? | Ask Dr. Universe | Washington State University

Times would be so much better if we had simply kept money as a medium of exchange instead of floating it and viewing it as a commodity. Imagine if we floated weights and measures like currency .... Well today we've again devalued the inch in relation to the meter - have fun building your bridge with imported steel - not that you knew exactly what x feet of imported steel beam was going to cost you anyway.