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re: Debunking wild conspiricies

Posted on 5/22/14 at 8:20 am to
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5610 posts
Posted on 5/22/14 at 8:20 am to
quote:

I understand that the economy growing is helpful but they are intentionally distorting the economy without even being sure that easy money is the right policy. It is gambling with other people's livelihoods.

Do you mean distorting the markets? Or actually distorting the economy? Because distorting the economy is kind of the goal, they want stable prices, a stable financial system, low unemployment, etc..
quote:

Sometimes saving is the correct response for long term growth.

Yes but too much savings is not, similar to everything in finance (and life), there is a balance.
quote:

The idea that fed bankers are manipulating everyone makes me upset.

For one they are not manipulating everything as you say, and secondly I'd personally recommend that you don't get emotional about things like this that you can't control. But to each their own.
Posted by MagicCityBlazer
Member since Nov 2010
3686 posts
Posted on 5/22/14 at 8:43 am to
quote:

Because distorting the economy is kind of the goal, they want stable prices, a stable financial system, low unemployment, etc..


There is no person or group with the correct information to adequately guess the 'correct' inflation rate in the universe. No more than I could tell you what small businesses will become the next big brand names.

quote:

For one they are not manipulating everything as you say,

Ever single person who does a transaction based in USD has been affected by these easy money policies.

In any case, diversifying out of USD is increasingly a good idea as the inflation rate makes saving increasingly a silly idea. Some people just don't know how to do math or how compounding 3%+ yearly inflation will rob them blind over their lifetime.
Posted by ZereauxSum
Lot 23E
Member since Nov 2008
10176 posts
Posted on 5/22/14 at 9:01 am to
quote:

I'd personally recommend that you don't get emotional about things like this that you can't control.


This is some of the best advice you've ever given, and that's saying something given your post history

What is core inflation now, like 1.something? No one should be getting in a twist over inflation right now and like you said, even if it was so terrible you can't do anything about it.
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