The truth about Government Debt (1 Viewer)

[Sinn Fein]

Good Friday topic:

http://www.youtube.com/watch?feature=player_embedded&v=dQdmsL147j0

There will be no economic recovery, debts are being socialized, profits privatized, hyper inflation is being artificially kept down by the government paying banks to sit on excess reserves

GO...

 

[DocHolliday]

Yes. Nice, light topic for Friday.

 

[lod01]

The truth is who cares and it doesn't matter. Never has, never will.

 

[Maurile Tremblay]

How does one "socialize" a debt, or "privatize" a profit?

And what does it mean for the government to keep inflation down "artificially" (given that money itself is an artificial construct)?

 

[Sinn Fein]

How does one "socialize" a debt, or "privatize" a profit?

And what does it mean for the government to keep inflation down "artificially" (given that money itself is an artificial construct)?

Watch the video

But as a synopsis - he points out that the government (taxpayers) are buying up toxic assets at inflated prices (thus, socializing banks losses), while also paying banks to hold excess reserves (allowing banks to keep the profits) - something in the order of 80% of the funds injected by the Fed printing money are being held in bank reserves, and the Govt is now paying interest on those reserves.

At some point, banks will presumably put that money into the economy - creating the inflation that is being held at bay right now.

 

[17seconds]

How does one "socialize" a debt, or "privatize" a profit?

And what does it mean for the government to keep inflation down "artificially" (given that money itself is an artificial construct)?

Don't know but "hopefully" we can get someone to "answer"

 

[quickhands]

How does one "socialize" a debt, or "privatize" a profit?

And what does it mean for the government to keep inflation down "artificially" (given that money itself is an artificial construct)?

Is there an address where I can forward my debt?

 

[Slapdash]

 

[Arsenal of Doom]

I stopped watching after he equated Q.E. with counterfeiting.