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re: The Time Table for the Dollar

Posted on 12/3/12 at 10:20 pm to
Posted by slutiger5
Parroquias de Florida
Member since May 2007
10909 posts
Posted on 12/3/12 at 10:20 pm to
Well like I said, I am in the process of understanding economics and business. What I have read may be all lunatic literature but most of it made sense. However I don't necessarily agree with a gold standard based off its use throughout time. I also don't agree with the complete absence of government in the market. But printing money or moving assets to save dying companies makes no sense to me. It delays or spreads the tragedy to other competitors. It's those moves that make me question the role of the government/federal reserve in the economy.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 12/3/12 at 10:50 pm to
quote:

But printing money


It doesn't seem that you understand what "printing money" means. It's not your fault, it's the fault of the alarmists and the politicians for misusing the crap out of the phrase.

Do some reading about the operations of the FOMC.
Posted by Blakely Bimbo
Member since Dec 2010
1183 posts
Posted on 12/4/12 at 11:19 am to
quote:

But printing money


Watch what they actually do...

As of Nov 28, SOMA drain of nearly $21 billion.

SOMA

TOMO a Reverse repo delivered today.

TOMO
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