That's all debatable, but it's a heck of a lot different to say "they've erred on the side of inflation" than "finally some concern for the unemployment rate".Why? It's been almost 2 years since QE2 and as Slapdash pointed out, inflation is at historic lows. If the Fed's mission is to walk the employment/inflation tightrope, it's quite obvious in retrospect that they've erred on the side of inflation since QE2 ended.Saying "Finally some concern for the employment rate from the Fed" is ridiculous.Just stating a fact.I thought we agreed to be friends if you just knocked off this craziness?'Slapdash said:He's right, the last few years have had the lowest inflation since the Great Depression.'humpback said:'tommyGunZ said:'Slapdash said:Finally some concern for the employment rate from the Fed as opposed to their overhawkishness on the inflation side.
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Federal Reserve announces new round of stimulus to boost weak economy. (1 Viewer)
- Thread starter beaux
- Start date
Unfortunately I think most people are probably OK with the Fed boosting its balance sheet from just over $2.8 trillion currently to $4 trillion by the end of next year. I don't think Joe Q. Public understands the harm of creating money out of thin air. Actually, I think they dream about stuff like that.
I'm not sure what the message should be here. That the current economic policy is national suicide? That we are being led by a Pied Piper into a monetary slaughterhouse? That giving the nation's wealth to the wealthy via purchases of their toxic loans and bonds at par is one of the most astounding acts of theft ever commited by America's financial and poltical classes against its own citizens?
For those who think Barrack Obama is for the little guy, this is his man at the Fed. He reconfirmed him as chariman in 2010. If you think things are expensive now, just wait. We are in for one heck of a bout of inflation. But hey, we're making money out of thin air! That sounds like a lottery. Everyone loves the lottery.
For those of you who can see the writing on the wall, prepare yourselves.
I'm not sure what the message should be here. That the current economic policy is national suicide? That we are being led by a Pied Piper into a monetary slaughterhouse? That giving the nation's wealth to the wealthy via purchases of their toxic loans and bonds at par is one of the most astounding acts of theft ever commited by America's financial and poltical classes against its own citizens?
For those who think Barrack Obama is for the little guy, this is his man at the Fed. He reconfirmed him as chariman in 2010. If you think things are expensive now, just wait. We are in for one heck of a bout of inflation. But hey, we're making money out of thin air! That sounds like a lottery. Everyone loves the lottery.
For those of you who can see the writing on the wall, prepare yourselves.
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Politician Spock
Footballguy
FUZZY NUMBERSThey are hiding real inflation prices, look at what you pay for just gas and food now compared to a year ago. There is your answer to real inflation. You are right they are playing games and most of society has no clue. Bernanke is a fraud and continues to destroy the value of the dollar. My earlier post said gold, silver, guns, food. water storage and ammunition, I WAS NOT joking. If you cannot get physical bullion make sure to buy stocks or ETF's that are "allocated" not "unallocated". Also stay away, if you can, from stocks, miners, funds that do most of their mining in South Africa, Peru, Argentina, Bolivia and Mexico. Also stay away from allocated funds/stocks that have any connection to J.P. Morgan, you have to look at their prospectus to find that information. They are the worst manipulators of the precious metals sector. PM me if you care about what gold and silver stocks, funds I "trust".Maybe, who knows. They've played so many games the last few years, I'm not embarrassed to say I have no idea what's going to happen anymore. Some things seem to work, some don't. Some claim financial armageddon is around the corner, yet the market soars. Gold skyrockets, oil is up, food is up, stocks are up...seems like inflation to me, but yet official inflation numbers don't seem all that high...I kind of get sick of following it these days. Work hard, try to stay valuable in the marketplace and do your best to provide for your family.This will so crush the middle class eventually, Bernanke is an idiot.
Your money today is worth less than it was yesterday.
This of course is just myworth.
So I guess the question becomes: how many people are in on this conspiracy?
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pantagrapher
Footballguy
Can't tell if serious ...FUZZY NUMBERSThey are hiding real inflation prices, look at what you pay for just gas and food now compared to a year ago. There is your answer to real inflation. You are right they are playing games and most of society has no clue. Bernanke is a fraud and continues to destroy the value of the dollar. My earlier post said gold, silver, guns, food. water storage and ammunition, I WAS NOT joking. If you cannot get physical bullion make sure to buy stocks or ETF's that are "allocated" not "unallocated". Also stay away, if you can, from stocks, miners, funds that do most of their mining in South Africa, Peru, Argentina, Bolivia and Mexico. Also stay away from allocated funds/stocks that have any connection to J.P. Morgan, you have to look at their prospectus to find that information. They are the worst manipulators of the precious metals sector. PM me if you care about what gold and silver stocks, funds I "trust".Maybe, who knows. They've played so many games the last few years, I'm not embarrassed to say I have no idea what's going to happen anymore. Some things seem to work, some don't. Some claim financial armageddon is around the corner, yet the market soars. Gold skyrockets, oil is up, food is up, stocks are up...seems like inflation to me, but yet official inflation numbers don't seem all that high...I kind of get sick of following it these days. Work hard, try to stay valuable in the marketplace and do your best to provide for your family.This will so crush the middle class eventually, Bernanke is an idiot.
Your money today is worth less than it was yesterday.
This of course is just mySo I guess the question becomes: how many people are in on this conspiracy?
pantagrapher
Footballguy
How are you preparing yourself?Unfortunately I think most people are probably OK with the Fed boosting its balance sheet from just over $2.8 trillion currently to $4 trillion by the end of next year. I don't think Joe Q. Public understands the harm of creating money out of thin air. Actually, I think they dream about stuff like that.I'm not sure what the message should be here. That the current economic policy is national suicide? That we are being led by a Pied Piper into a monetary slaughterhouse? That giving the nation's wealth to the wealthy via purchases of their toxic loans and bonds at par is one of the most astounding acts of theft ever commited by America's financial and poltical classes against its own citizens?For those who think Barrack Obama is for the little guy, this is his man at the Fed. He reconfirmed him as chariman in 2010. If you think things are expensive now, just wait. We are in for one heck of a bout of inflation. But hey, we're making money out of thin air! That sounds like a lottery. Everyone loves the lottery.
Politician Spock
Footballguy
Watch the video. Come to your own conclusion.Can't tell if serious ...FUZZY NUMBERSThey are hiding real inflation prices, look at what you pay for just gas and food now compared to a year ago. There is your answer to real inflation. You are right they are playing games and most of society has no clue. Bernanke is a fraud and continues to destroy the value of the dollar. My earlier post said gold, silver, guns, food. water storage and ammunition, I WAS NOT joking. If you cannot get physical bullion make sure to buy stocks or ETF's that are "allocated" not "unallocated". Also stay away, if you can, from stocks, miners, funds that do most of their mining in South Africa, Peru, Argentina, Bolivia and Mexico. Also stay away from allocated funds/stocks that have any connection to J.P. Morgan, you have to look at their prospectus to find that information. They are the worst manipulators of the precious metals sector. PM me if you care about what gold and silver stocks, funds I "trust".Maybe, who knows. They've played so many games the last few years, I'm not embarrassed to say I have no idea what's going to happen anymore. Some things seem to work, some don't. Some claim financial armageddon is around the corner, yet the market soars. Gold skyrockets, oil is up, food is up, stocks are up...seems like inflation to me, but yet official inflation numbers don't seem all that high...I kind of get sick of following it these days. Work hard, try to stay valuable in the marketplace and do your best to provide for your family.This will so crush the middle class eventually, Bernanke is an idiot.
Your money today is worth less than it was yesterday.
This of course is just mySo I guess the question becomes: how many people are in on this conspiracy?
pantagrapher
Footballguy
Just did a quick google search instead. Chris Martenson, a guy I've never heard of, has been predicting imminent runaway inflation for four years now. Wonder how that's worked out for people who've based their financial decisions on his dire predictions?Watch the video. Come to your own conclusion.Can't tell if serious ...FUZZY NUMBERSThey are hiding real inflation prices, look at what you pay for just gas and food now compared to a year ago. There is your answer to real inflation. You are right they are playing games and most of society has no clue. Bernanke is a fraud and continues to destroy the value of the dollar. My earlier post said gold, silver, guns, food. water storage and ammunition, I WAS NOT joking. If you cannot get physical bullion make sure to buy stocks or ETF's that are "allocated" not "unallocated". Also stay away, if you can, from stocks, miners, funds that do most of their mining in South Africa, Peru, Argentina, Bolivia and Mexico. Also stay away from allocated funds/stocks that have any connection to J.P. Morgan, you have to look at their prospectus to find that information. They are the worst manipulators of the precious metals sector. PM me if you care about what gold and silver stocks, funds I "trust".Maybe, who knows. They've played so many games the last few years, I'm not embarrassed to say I have no idea what's going to happen anymore. Some things seem to work, some don't. Some claim financial armageddon is around the corner, yet the market soars. Gold skyrockets, oil is up, food is up, stocks are up...seems like inflation to me, but yet official inflation numbers don't seem all that high...I kind of get sick of following it these days. Work hard, try to stay valuable in the marketplace and do your best to provide for your family.This will so crush the middle class eventually, Bernanke is an idiot.
Your money today is worth less than it was yesterday.
This of course is just mySo I guess the question becomes: how many people are in on this conspiracy?
1. Stocking up on essential and useful items which are going to become increasingly expensive over time.2. Making investments that will benefit from an inflationary environment and help to offset the reduced purchasing power of the US dollar.3. Finishing the final tier of professional certification in my particular field to maximize my earning potential.4. Making arrangments to relocate my family to a less densely populated area with a low cost of living.There are other steps being taken but those are the big ones. I forsee a susbtantially decreased standard of living for most Americans in the years ahead as incomes fail to keep pace with rising prices, higher crime rates, and an increased possibility of urban unrest if food costs skyrocket.4.How are you preparing yourself?Unfortunately I think most people are probably OK with the Fed boosting its balance sheet from just over $2.8 trillion currently to $4 trillion by the end of next year. I don't think Joe Q. Public understands the harm of creating money out of thin air. Actually, I think they dream about stuff like that.I'm not sure what the message should be here. That the current economic policy is national suicide? That we are being led by a Pied Piper into a monetary slaughterhouse? That giving the nation's wealth to the wealthy via purchases of their toxic loans and bonds at par is one of the most astounding acts of theft ever commited by America's financial and poltical classes against its own citizens?For those who think Barrack Obama is for the little guy, this is his man at the Fed. He reconfirmed him as chariman in 2010. If you think things are expensive now, just wait. We are in for one heck of a bout of inflation. But hey, we're making money out of thin air! That sounds like a lottery. Everyone loves the lottery.
Politician Spock
Footballguy
The inflation IS occuring. If you are serious and want to know why the BLS numbers don't show it, and why it is NOT a conspiracy, then watch it. Or you can get a similar take by reading thisJust did a quick google search instead. Chris Martenson, a guy I've never heard of, has been predicting imminent runaway inflation for four years now. Wonder how that's worked out for people who've based their financial decisions on his dire predictions?Watch the video. Come to your own conclusion.Can't tell if serious ...FUZZY NUMBERSThey are hiding real inflation prices, look at what you pay for just gas and food now compared to a year ago. There is your answer to real inflation. You are right they are playing games and most of society has no clue. Bernanke is a fraud and continues to destroy the value of the dollar. My earlier post said gold, silver, guns, food. water storage and ammunition, I WAS NOT joking. If you cannot get physical bullion make sure to buy stocks or ETF's that are "allocated" not "unallocated". Also stay away, if you can, from stocks, miners, funds that do most of their mining in South Africa, Peru, Argentina, Bolivia and Mexico. Also stay away from allocated funds/stocks that have any connection to J.P. Morgan, you have to look at their prospectus to find that information. They are the worst manipulators of the precious metals sector. PM me if you care about what gold and silver stocks, funds I "trust".Maybe, who knows. They've played so many games the last few years, I'm not embarrassed to say I have no idea what's going to happen anymore. Some things seem to work, some don't. Some claim financial armageddon is around the corner, yet the market soars. Gold skyrockets, oil is up, food is up, stocks are up...seems like inflation to me, but yet official inflation numbers don't seem all that high...I kind of get sick of following it these days. Work hard, try to stay valuable in the marketplace and do your best to provide for your family.This will so crush the middle class eventually, Bernanke is an idiot.
Your money today is worth less than it was yesterday.
This of course is just mySo I guess the question becomes: how many people are in on this conspiracy?
Or you can just keep believing that inflation is NOT occuring and wonder why the heck your cost of living is getting far more expensive. Either way, I don't care. But if YOU are serious, then don't stick your head in the sand.
pittstownkiller
Footballguy
I have felt this way for about 2 years; the people who need the money simply do not have the credit rating to justify a bank lending them the money with so little reward for the risk involved for the banks.'cstu said:
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pantagrapher
Footballguy
Sorry, guys. Not buying the inflation coverup conspiracy. But have fun with that.
Politician Spock
Footballguy
What conspiracy? There are multiple ways inflation can be computed. The government just ops to use the one that produces the lowest number. That's not a conspiracy. It's just a preference.
Mr Two Cents
Footballguy
It is people like you that make it easier to get buy what I need at a lower price. I appreciate your way of thinking. Thank you.
Mr Two Cents
Footballguy
1. Stocking up on essential and useful items which are going to become increasingly expensive over time.2. Making investments that will benefit from an inflationary environment and help to offset the reduced purchasing power of the US dollar.3. Finishing the final tier of professional certification in my particular field to maximize my earning potential.4. Making arrangments to relocate my family to a less densely populated area with a low cost of living.There are other steps being taken but those are the big ones. I forsee a susbtantially decreased standard of living for most Americans in the years ahead as incomes fail to keep pace with rising prices, higher crime rates, and an increased possibility of urban unrest if food costs skyrocket.4.How are you preparing yourself?Unfortunately I think most people are probably OK with the Fed boosting its balance sheet from just over $2.8 trillion currently to $4 trillion by the end of next year. I don't think Joe Q. Public understands the harm of creating money out of thin air. Actually, I think they dream about stuff like that.I'm not sure what the message should be here. That the current economic policy is national suicide? That we are being led by a Pied Piper into a monetary slaughterhouse? That giving the nation's wealth to the wealthy via purchases of their toxic loans and bonds at par is one of the most astounding acts of theft ever commited by America's financial and poltical classes against its own citizens?For those who think Barrack Obama is for the little guy, this is his man at the Fed. He reconfirmed him as chariman in 2010. If you think things are expensive now, just wait. We are in for one heck of a bout of inflation. But hey, we're making money out of thin air! That sounds like a lottery. Everyone loves the lottery.
the moops
Footballguy
Duct tape?Toilet paper?Enemas?
No.I no rite? Didn't the Fed give out something like 16 trillion dollars in secret loans to foreign banks over the past decade or so?I thought we agreed to be friends if you just knocked off this craziness?'Slapdash said:He's right, the last few years have had the lowest inflation since the Great Depression.'humpback said:'tommyGunZ said:'Slapdash said:
I guess it is not fair to pretend this was intentional. The Fed understands and wants to complete its mandates but has been up against a serious barrier in the zero lower bound. This announcement shows a paradigm shift in how they approach monetary policy, like I've been advocating. I'm eager to see how it works. Make no mistake, this QE is very different than the others.Saying "Finally some concern for the employment rate from the Fed" is ridiculous.Just stating a fact.I thought we agreed to be friends if you just knocked off this craziness?'Slapdash said:He's right, the last few years have had the lowest inflation since the Great Depression.'humpback said:'tommyGunZ said:'Slapdash said:
Mr Two Cents
Footballguy
Ron Paul on the FED move today:‘It should not surprise anybody, but it is still astounding. To me, it is so astounding that it does not collapse the markets. Bernanke said, ‘We are in very big trouble. We are going to do something unprecedented and we believe it will not hurt the dollar.’ And yet the stocks, they say ‘we love this stuff.’ But the dollar didn’t do so well today and the real value of the dollar is measured against gold, and gold skyrocketed from its very low to its highest. It means we are weakening the dollar. We are trying to liquidate our debt through inflation. The consequence of what the Fed is doing is a lot more than just CPI. It has to do with malinvestment and people doing the wrong things at the wrong time. Believe me, there is plenty of that. The one thing that Bernanke has not achieved and it frustrates him, I can tell—is he gets no economic growth. He doesn’t do anything with the unemployment numbers. I think the country should have panicked over what the Fed is saying that we have lost control and the only thing we have left is massively creating new money out of thin air, which has not worked before, and is not going to work this time.’
The market is always irrational when it disagrees with your ideology,
Andrew74
Footballguy
The bank more than likely sells the 30 yr mortgage. Buying the muni entails significant risk for the bank, plus they don't get full tax deductibility in munis like an individual does. One could argue a high quality mortgage is safer than a long muni. Pensions are screwed - they have moved more towards bonds and have done nothin to change return assumptions.'NYCelt said:
pantagrapher
Footballguy
Krugthulu
The primary reason we aren't experiencing even higher levels of inflation is that our economy is being so poorly directed on a macro level it's resulting in reduced consumption.It's possible that we are that next Japan who has been trying to juice their economy in a similar manner for the last 20 years. But they haven't been able to fight off deflationary pressures. I'm willing to bet though that ZIRP and Fed bond purchasing in perpetuity is going to produce a different result in this country.A 'Lost Decade' or high inflation. Pick your poision. I know that the central bankers and politicians prefer Option B. It preserves the status quo by kicking the can down the road a little further. We can't ignore the 500 pound gorilla across the room forever though. Sooner or later we are going to have deal with $16 trillion in net federal debt and +/- $100 trillion in unfunded liabilities. Reducing the impact of our debt service via devaluation of the dollar is not the long term answer.
Politician Spock
Footballguy
The potential for hyperinflation is not contingent on our economic conditions, but instead on the world's willingness to continue using the US dollar as the world's reserve currency. If the world doesn't like the fed's policy, then the risk is world reserves of US dollars come flooding back into the states. And just to note, the 2nd, 3rd, and 4th largest economies in the world have in the last 6 months reached new trade agreements that no longer use the US dollar.
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ren hoek
Footballguy
Yep. It's really no shocker that other world governments don't want to hold worthless, unstable paper as their primary reserve currency.
Fennis
Footballguy
are you claiming that the stock market is going up due to inflationary pressures?'Slapdash said:
Why is he saying the markets should collapse then?'Slapdash said:
Banks are not being loaned or "given" anything under this plan.
ren hoek
Footballguy
Ah, so they're just purchasing toxic assets again. Which institutions will the Fed be buying these securities from? Where's the money coming from to finance these transactions?
Agency MBS are not toxic assets. Whoever whats to sell them. Your imagination.
Best I can tell, the market agrees with his ideology, but he's either suggesting that the markets should be thinking more long-term or he doesn't understand that the market actually agrees with him?Why is he saying the markets should collapse then?'Slapdash said:
No, I'm not claiming anything about any causation one way or the other. But it seems that Ron Paul is arguing that this will cause inflation. A market increase is entirely consistent with inflation, if inflation is the idea that prices are going up and market increases are the equivalent of stock prices going up.
ren hoek
Footballguy
Aren't MBS comprised of the mortgages that debtors are underwater on? Why would the Fed need to step in and buy these if the market will purchase them on their own merit? Are you sure about that? You think the Fed is equally as likely to purchase assets from small banks versus the Citibanks and JP Morgans of the world? Again, where will the 40 billion dollars be coming from each month?
ren hoek
Footballguy
BoneYardDog
Footballguy
Oil and with it gas prices will rise steadily along with all commodities... The moron-in-chief and his boy Ben made sure of that...
BoneYardDog
Footballguy
Politician Spock
Footballguy
Economic conditions improve when average household income increases. Average household income has been declining for 4 straight years despite QE1, QE2, ZIRP, and Operation Twist. QE3 will raise gas prices just just QE1 and QE2 did. Time will tell however if it will result in rising average household incomes though. If it doesn't, people will have even less money to pay even higher prices for gas, and QE3 will be just a tax on the lower and middle class just like QE1 and QE2 were.
You have to remember, in tgunz's world, every move Obama has made has prevented the unemployment rate from skyrocketing to 15%.
Politician Spock
Footballguy
Yeah, I gotta admit I'm confused by his responses, as QE is really not that much different than Reagan's trickle down theory. If the government said we're going to use tax dollars to buy rich people's used yachts, luxury cars and vacation homes from them, so that money will eventually trickle down to the rest, at least in that instance the money being spent has been collected (or will be collected in the future) from a progressive tax system. QE does the same asset buying process but instead of coming from tax dollars it comes from devaluing everyone's dollars. It's a regressive tax trickle down theory.
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