They are catching on…..
- Thread starter Mdfgator
- Start date
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Take a gander at 2020 again, and try and wrap your peas around that kind of money creation and its downstream impacts on every aspect of american life...
Maff
@grandhavendiddy are you beginning to catch on?
@FresnoGator you still want your stimi???
Take a gander at 2020 again, and try and wrap your peas around that kind of money creation and its downstream impacts on every aspect of american life...
Maff
@grandhavendiddy are you beginning to catch on?
@FresnoGator you still want your stimi???
I completely agree that new monetarist theory is a path to currency erosion and demonetization. Trump (fourth time? Fifth time?) was no fiscal conservative.
No one on this board wanted fiscal stimulus. If they did, do the search and as a Deion says, “get the receipts!”
The left, by the way, just wiped out 9B in student loan debt and put it on the fiscal ledger.
LOL, youre conflating fiscal stimi with monetary policy again. you support for the most derranged fiscal liberal this country has ever seen would seem to contradict your belief that these people dont like stimi...
Can you explain how high interest rates make the dollar stronger and the price of precious metals drop? Explain it to me like I'm five, it makes zero sense. I'm not being sarcastic.
First off, stop with the "LOL", laugh emoji, etc. We are two adults having a discussion. I do not do it with you (and my sincere apologies if I did) so please do not do it with me.
Neither Ghost, nor Russell, nor Navigator would call me, likely ever, a "reflexive Trump supporter". Ever. I have said that Trump is a fiscal profligate. He runs debts in his private business and understands the power of spending money to win votes as does Pelosi and Jeffries and others. At his heart, he is an old school NY democrat - and why not, most of his adult life he ran and was adored in those circles.
Monetary policy is run by the Fed. The president (Obama, Trump, Biden) is a voice, and is Jamie Dimon, Al-Arian, etc. are voices, but he does not run the fed. He can appoint people and they are confirmed by the Senate.
You keep mentioning lockdowns. Objective fact is that Trump wanted to re-open by Easter of 2020 and was pilloried for it was DeSantis by the Federal Health "Establishment". Like him, hate him, view him as reckless, etc. Trump was right about that and governors like Newsome and Whitmer were profoundly wrong.
Fiscal management is both monetary and fiscal policy that need to work in concert. That is true whether you are a Milton Friedman monetarist or a Keynsian policy advocate.
My point to you would be that the socialists on the left, and yes, they are socialists which you can see on AOC's TikTok handle, would have us run up the deficit so high, that we will need to become a defacto socialist country as there is no other way to handle our debts and demonetarization. So your concern and apparent vitriol, certainly warranted in places, should also be placed equally if not more so on the left.
Sure - I can explain the first part, let me think about the second.
#1 - High Interest Rates means that more dollars flow, globally, into US Treasuries given their relative, currency and default risk attractiveness. More dollars with same supply equal higher prices.
5 year old view: You have more Peanut Butter and Jelly on your sandwiches. Result - more kids want your sandwiches. Charge more.
#2 - Precious Metals - capital flows to the highest and safest returns. If T-Bonds are returning 6-8 or even 14% as Dimon predicts, then people will put their money there versus gold.
So, a sandwich is in place but not as much PBJ as the TBond sandwich.
You are clearly confusing me with someone in favor of the stimulus ...
trump wanted his cake and he wanted to eat it, he didnt want to open on easter, he may have said that, but his actions said something completely different. As for the fed, they are appointed by the president. So to suggest that the pres harrassing the fed in public for negative interest rates and the printing of money is the same as jaime dimon or somebody else is just silly. i wont LOL, but come on man go easy on me. The country should never been shut down, of course opening pandoras box is a bad thing, it was obvious.
Stimulus checks to bear Trump's name in unprecedented move
WASHINGTON (AP) — President Donald Trump's name will be printed on the stimulus checks that the IRS will be sending to tens of millions of Americans around the country, an unprecedented move finalized this week.
apnews.com
the guy is a me monster, isnt a leader. He is the worst president in history.
#1 makes perfect sense.
#2, still eludes me. During hyperinflation, currency is fiat paper. It is only as good as supply of money outstrips actual goods and services available. The Plandemic is a great example of broken supply chains and skyrocketing prices. When interest paid by banks to investors is not keeping pace with actual inflation, what better standard of exchange than precious metals? There's a reason gold and silver have been used for such since man discovered it. Scarcity. You know this, but the federal .GOV actually outlawed private citizens from owning gold up until Nixon was in office. A big fine for owning more than 100 dollars worth. There was a reason for that.
Jim is a pretty smart guy, he is catching on too. Just the tip girls. Smarten up.
@grandhavendiddy @FresnoGator and anyone else that’s still a bit slow on the uptake. The world changed in March of 2020. Just the tip, we are not going back.
Would you look at
hat parabolic leap in the spring of 2020!!!!
@FresnoGator what are you thoughts on helicopter money? Ppp stimi etc etc etc. don’t forget to chime in on sun 3% mortgages thanks to ole uncle Sammy.
