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5 Years ago today the S&P dropped 10 percent in one day as the Scamdemic kicked off

Posted on 3/12/25 at 1:13 pm
Posted by Dumpster Diver
Member since Mar 2025
153 posts
Posted on 3/12/25 at 1:13 pm

And then the Fed increased the money supply by 40 percent, yes 40 percent.
And people wonder why assets & inflation took off like a rocket.
Posted by fareplay
Member since Nov 2012
6284 posts
Posted on 3/12/25 at 1:17 pm to
I have mixed feelings about this. Yes inflation was bad because of it, but the alternative of people not being able to work pay bills etc could be worse.
Posted by Brobocop
Baton Rouge, LA
Member since Feb 2018
2096 posts
Posted on 3/12/25 at 1:18 pm to
They clearly HAD to intervene, but QE last WAY too long.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11842 posts
Posted on 3/12/25 at 1:21 pm to
Just curious what you think inflation would have been if wholesale lending markets completely froze during a global shutdown of commerce?
Posted by DrrTiger
Gulf of America
Member since Nov 2023
2352 posts
Posted on 3/12/25 at 1:38 pm to
quote:

but the alternative of people not being able to work pay bills etc could be worse


“We had to do something about the problem we created”

That about sums up the government bootlickers.
Posted by Pendulum
Member since Jan 2009
7908 posts
Posted on 3/12/25 at 1:53 pm to
quote:


“We had to do something about the problem we created”

That about sums up the government bootlickers.


So your plan at the time was to just point your finger at fauci or something and say it shouldnt have happened while we go into a depression?
Posted by Dumpster Diver
Member since Mar 2025
153 posts
Posted on 3/12/25 at 2:01 pm to
quote:

So your plan at the time was to just point your finger at fauci or something and say it shouldnt have happened while we go into a depression?


We didn't need to lock down the world & take experimental injections.
Funny how the countries that didn't impose the tyrannical lock downs did just fine.
The numbers were total BS.
Hospitals were paid small fortunes to code every death as a covid death.
Hospitals were literally testing people that died from gunshot wounds & reporting them as Covid deaths so they could collect the Covid Death Cash.
And even the inventor of the PCR Test said that you can find anything in anyone if you perform enough cycles when testing.
It's amazing that 5 years later there are still people that believe the BS that they were fed by the MSM
This post was edited on 3/12/25 at 2:25 pm
Posted by AllbyMyRelf
Virginia
Member since Nov 2014
3992 posts
Posted on 3/12/25 at 2:20 pm to
quote:

if wholesale lending markets completely froze during a global shutdown of commerce?
Wouldn’t that cause deflation?
Posted by Pendulum
Member since Jan 2009
7908 posts
Posted on 3/12/25 at 2:36 pm to
quote:

We didn't need to lock down the world & take experimental injections.
Funny how the countries that didn't impose the tyrannical lock downs did just fine.
The numbers were total BS.
Hospitals were paid small fortunes to code every death as a covid death.
Hospitals were literally testing people that died from gunshot wounds & reporting them as Covid deaths so they could collect the Covid Death Cash.
And even the inventor of the PCR Test said that you can find anything in anyone if you perform enough cycles when testing.
It's amazing that 5 years later there are still people that believe the BS that they were fed by the MSM


I don't think Trump handled it well either getting up there and supporting 10 days to stop the spread, giving in to the advice he was getting from fauci and Burke but at the time, it was hard to say, so I'll give him the benefit of the doubt for steering us that direction.

The markets were crashing and beginning to not function long before shutdowns happened, albeit the bottom occurred 3.23 shortly after shutdowns started on around 3.13.

I'm not sure exactly what the rest of your lines after 1 and 2, have to do directly with QE. The vaccine whether effective or not, was good for markets and sentiment, which is why Trump still to this day, pumps that achievement. The shot mandate wasn't even a thing until almost 2 years later.

I think if they don't do shutdowns, they still had to bazooka the markets. I'll disagree with the duration of what they were doing, and especially the second round of helicopter checks was straight up asinine; and then biden gets in there and passes the abomination that is the IRA and dumps lighter fluid on the situation while gaslighting us with that laughable name; but it's awfully convenient to just say none of it should have happened in hindsight.
This post was edited on 3/12/25 at 2:41 pm
Posted by Shepherd88
Member since Dec 2013
4878 posts
Posted on 3/12/25 at 3:39 pm to
quote:

And then the Fed increased the money supply by 40 percent, yes 40 percent.


The Fed did not approve PPP money or stimulus checks. Congress did, which increased m2 supply.

QE ran too long and created a system for artificial financial engineering, but that money never showed up in m2 to cause inflation.

I think that’s why the fed is having such a hard time bringing inflation back down to 2% bc they never made it go up in the first place. Fiscal policy did.
This post was edited on 3/12/25 at 4:02 pm
Posted by tiger91
In my own little world
Member since Nov 2005
39957 posts
Posted on 3/12/25 at 5:08 pm to
Or they could have let people just work.
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