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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 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 on 3/12/25 at 1:17 pm to Dumpster Diver
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 on 3/12/25 at 1:18 pm to Dumpster Diver
They clearly HAD to intervene, but QE last WAY too long.
Posted on 3/12/25 at 1:21 pm to Dumpster Diver
Just curious what you think inflation would have been if wholesale lending markets completely froze during a global shutdown of commerce?
Posted on 3/12/25 at 1:38 pm to fareplay
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 on 3/12/25 at 1:53 pm to DrrTiger
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 on 3/12/25 at 2:01 pm to Pendulum
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 on 3/12/25 at 2:20 pm to wutangfinancial
quote:Wouldn’t that cause deflation?
if wholesale lending markets completely froze during a global shutdown of commerce?
Posted on 3/12/25 at 2:36 pm to Dumpster Diver
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 on 3/12/25 at 3:39 pm to Dumpster Diver
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 on 3/12/25 at 5:08 pm to fareplay
Or they could have let people just work.
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