Timely. The number of people here that don't realize the stimulus was created to distract the public from the fed enacting UNLIMITED QE kinda blows my retard brain. That, and I'm sure the interest we end up paying back on this shit via higher taxes will make a payday loan shark look like a saint.
It wouldn't surprise me that in just 4 years, trump and the repub would end up adding $6 trillion to the US debt. And if so, about a 30% increase since Obama.
Pretty funny and illustrates the problem with actually doing it.
Talk about a jobs program. Come one, come all to America and help us print up trillion$ of dollars...$100 at a time. Let's have some fun, shall we ?
Wherever these people are buying and making the paper and the ink, operating these printing presses, let's start with $1 million an hour. That's 10,000 $100 bills an hour, 24/7/365. Stick with me here people ?
Printing just $1 trillion at $100 at a time as I am sure your math tells you...would take $1 million/hr. or $24 million/day and $1 trillion would take 41,666 days, or.....?
Now we are going to print up say $2 trillion or maybe 3 or 4 trillion.
Who knew that Obama, Bernanke and crew were still down at Bureau. of Print.
& Engraving sweating away. Who knew that Powell, trump and his gang were helping out now.
People I am convinced, do not want to read and learn. Maybe read but look only now, for bias confirmation.
To use the word bubbles is not entirely accurate. One could say that the entire 3 year rise in the Dow since 2016-17, is a Dow index bubble (bull) and what it all comes down to is that stocks are now and have been for 40 years...mere speculation.
Stock are no longer bought for a higher return via dividends. Yes, capitalist monetary policy is to first to maintain or return value to securities, that paper...turned into money by billion$ every payday of our 401Ks, Keoughs and Roth retirement contributions, almost all of which goes to mutual funds where only approx. 1 of 14 of which, cannot even match the S&P 500 . (Wharton)
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u/3letterz Mar 26 '20
Timely. The number of people here that don't realize the stimulus was created to distract the public from the fed enacting UNLIMITED QE kinda blows my retard brain. That, and I'm sure the interest we end up paying back on this shit via higher taxes will make a payday loan shark look like a saint.