- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Steve Forbes Offers His Explanation Why America Is Rocketing Toward A Financial Cliff
Posted on 5/10/21 at 9:31 pm
Posted on 5/10/21 at 9:31 pm
I recorded it for you.
“There’s a new crazy theory out there called moderate monetary theory and it’s one the Biden Administration is clutching to. And that’s the ideal that money does not matter anymore. If you want something from the government, you just say bring it to me, I’ll print the money for it and there will be no consequences. It ignores 4000 years of financial history when you do that kind of nonsense, whether it’s with coin, paper money, digital currency, whatever.
So they think because of 2008 and thereafter when the Fed did print a ton of money, but that money in effect was put in a deep freeze. The Fed and the banks held the money. They paid interest to the banks so it never entered the economy in full. It just propped up the banks. That is not the situation we are headed into now.
This money is going into the economy. That’s one reason why prices are rising, that’s one reason why interest rates will have to go up, and that’s a reason why we are going to have serious trouble down the road. And a lot of people are oblivious to it or just don’t care.”
Your thoughts?
On Rob Schmitt tonight, Newsmax.
“There’s a new crazy theory out there called moderate monetary theory and it’s one the Biden Administration is clutching to. And that’s the ideal that money does not matter anymore. If you want something from the government, you just say bring it to me, I’ll print the money for it and there will be no consequences. It ignores 4000 years of financial history when you do that kind of nonsense, whether it’s with coin, paper money, digital currency, whatever.
So they think because of 2008 and thereafter when the Fed did print a ton of money, but that money in effect was put in a deep freeze. The Fed and the banks held the money. They paid interest to the banks so it never entered the economy in full. It just propped up the banks. That is not the situation we are headed into now.
This money is going into the economy. That’s one reason why prices are rising, that’s one reason why interest rates will have to go up, and that’s a reason why we are going to have serious trouble down the road. And a lot of people are oblivious to it or just don’t care.”
Your thoughts?
On Rob Schmitt tonight, Newsmax.
Posted on 5/10/21 at 9:33 pm to LuckyTiger
MMT is going to collapse the dollar because it has a real naive view of how efficiently taxation can remove liquidity from the markets and drastically overestimates the central bank’s ability to slow inflation down once it runs too hot.
Posted on 5/10/21 at 9:34 pm to LuckyTiger
Oh don’t worry. Granny Yellum got dis.
Posted on 5/10/21 at 9:34 pm to LuckyTiger
Easy way to fix the problem
Stop paying all government workers and make them pay back into the country all of their net negative taxes.
If they are unable to do so in 5 years, kill them.
Stop paying all government workers and make them pay back into the country all of their net negative taxes.
If they are unable to do so in 5 years, kill them.
Posted on 5/10/21 at 9:35 pm to LuckyTiger
quote:
that’s one reason why interest rates will have to go up,
When someone says this they have to explain how interest rates have to go up.
If the Fed keeps buying treasury bonds to fund congressional spending that no one else will buy the interest rates will remain low.
Posted on 5/10/21 at 9:37 pm to LuckyTiger
MMT is heterodox econ “theory” that is terrible as shite.
Posted on 5/10/21 at 9:39 pm to LuckyTiger
Buy food and things you'll need.
Utility holds its value no matter what.
Markets are ignoring fundamentals, if they even have any. Cryptos only have value because they're trendy.
If Dogecoin can lose 30% during an SNL broadcast because of what Musk says, that should tell you all you need to know.
Utility holds its value no matter what.
Markets are ignoring fundamentals, if they even have any. Cryptos only have value because they're trendy.
If Dogecoin can lose 30% during an SNL broadcast because of what Musk says, that should tell you all you need to know.
Posted on 5/10/21 at 10:13 pm to LuckyTiger
We knew they were proponents of modern monetary theory but the left will burn the whole country to the ground for the sake of social issues.
Honestly I blame politicians for continuing to promise crazy shite.
Honestly I blame politicians for continuing to promise crazy shite.
Posted on 5/10/21 at 10:41 pm to LuckyTiger
They can send out BILLIONS of dollars with computers in a few days into bank accounts all over the country, nah, money supply is fine...
Posted on 5/11/21 at 12:56 am to LuckyTiger
Hell yeah! I wanna pay $1,350,000 for a loaf of bread! Hyperinflation be damned! Print moar money!
Posted on 5/11/21 at 12:59 am to LuckyTiger
The great thing about macroeconomics is that you can be wrong half of the time and still be respected in that field.
Posted on 5/11/21 at 2:52 am to LuckyTiger
They have to crash the system for the "Great Reset"
Popular
Back to top
Follow TigerDroppings for LSU Football News