Money Printers Turned Off (stocks crashing)/YouTube

Homepage | Forums | Topics In Depth | Economics | Money Printers Turned Off (stocks crashing)/YouTube

Viewing 2 reply threads
  • Author
    Posts
    • #476393
      Mr. Mickeys Mom
      Moderator
      • Total Posts: 8,116

      Some good explanation about CPI and what buying treasuries means, where it’s going…

      Hell, no... I'm not giving up...

    • #476413
      Scott Crowder
      Participant
      • Total Posts: 923

      So that the next banksters are deterred from committing this fraud again.

      "The possessions of the rich are stolen property." Pierre-Joseph Proudhon
      “The two greatest obstacles to democracy in the United States are, first, the widespread delusion among the poor that we have a democracy, and second, the chronic terror among the rich, lest we get it.” Edward Dowling
      "The poverty of our century is unlike that of any other. It is not, as poverty was before, the result of natural scarcity, but of a set of priorities imposed upon the rest of the world by the rich." John Berger

    • #476419
      mrdmk
      Participant
      • Total Posts: 4,404

      For the longest time, starting back in the 1980s, rather than people putting money into the bank and saving money through this financial instrument, Wall Street made themselves the place to go. Especially, for retirement savings.

      In the 2000s, the Federal Reserve under Alan Greenspan was playing dangerous games with the Prime Interest Rate by almost lowering it to near zero. This in turn made safe financial instruments like Bank Savings Accounts (including term savings accounts) and government bonds (local, state, national) almost a money loser. If you wanted to save your money and beat inflation at the same time, the consumer needed to invest into financial instruments that were of higher risk. After the 2007 (some like to call it the 2008) 4th quarter collapse, Greenspan said of the Federal Reserve’s strategy, ‘we may have made a few mistakes!’

      Now with the current situation, President Joe Biden in the State of the Union Address said people now need to stop working from home and return to the formal work environment. This is so people will spend more money. Biden’s message rates right up there with the Bush II Administration message who said of the looming 2007 crash, ‘People (consumers) just need to spend more money!’ What can be said of these people?

      If you cannot dazzle them with brilliance, baffle them with bullshit WC Fields

      Warning DO NOT CLICK HERE!
Viewing 2 reply threads
  • You must be logged in to reply to this topic.