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There is a common misconception here about stimulus checks.

Posted on 3/26/20 at 9:13 pm
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 3/26/20 at 9:13 pm
People seem to be under the impression that they are "getting money back" from the government. A common thought is that this is good "because they already stole it from me in taxes." While it is true they did steal from you in taxes, you are not getting that money back. Far from it. In fact, these virus checks are actually taking more money from you in the long run. Say hello to the Fed and QE.

MarketWatch

quote:

The Federal Reserve on Monday announced it would purchase an unlimited amount of Treasurys and mortgage-backed securities in order to support the financial market.


What does that mean? It means they are going to attempt to print their way out of this problem. This is the fundamental problem with our economy and why some of us are strongly against this "stimulus."

The money you have is now worth less because more money has been created out of thin air. Don't believe the government. If they're talking, they're lying. They are stealing from you and trying to convince you they're helping you. They're not. They are selling your future out to try and keep things under control. Specifically their control.

TLDR: You ain't getting your money back from the government. They're actually stealing from you in the future to give you a few pennies now. Don't fall for it.
This post was edited on 3/26/20 at 9:14 pm
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 3/26/20 at 9:16 pm to
Thanks for the info. What we gonna do about it?
Posted by LSUBoo
Knoxville, TN
Member since Mar 2006
101915 posts
Posted on 3/26/20 at 9:16 pm to
STFU Debbie, I am about to buy a lot of hookers and blow and you can't stop me.
Posted by rantfan
new iberia la
Member since Nov 2012
14110 posts
Posted on 3/26/20 at 9:18 pm to
I personally believe that our money is only worth something to the world because of our military readiness. The Military can be at any country's doortsep with troop support within 24 hours. The Navy's mobility is the only thing keeping it afloat.
Posted by BeachDude022
Premium Elite Platinum TD Member
Member since Dec 2006
34804 posts
Posted on 3/26/20 at 9:18 pm to
You're complaining about free money. shut up.
Posted by Sun God
Member since Jul 2009
44874 posts
Posted on 3/26/20 at 9:19 pm to
Do you think the people who are excited for these checks give a single frick about any of that?
Posted by Powerman
Member since Jan 2004
162211 posts
Posted on 3/26/20 at 9:19 pm to
Thanks. I'll be sure not to deposit the check then.
Posted by Green Chili Tiger
Lurking the Tin Foil Hat Board
Member since Jul 2009
47590 posts
Posted on 3/26/20 at 9:19 pm to
Posted by xXLSUXx
New Orleans, LA
Member since Oct 2010
10306 posts
Posted on 3/26/20 at 9:20 pm to
Your proposed alternative?
Posted by ZZTIGERS
Member since Dec 2007
17069 posts
Posted on 3/26/20 at 9:20 pm to
Taking money from my kids you say? Payback you little bastards, it has begun.
Posted by Powerman
Member since Jan 2004
162211 posts
Posted on 3/26/20 at 9:20 pm to
quote:

Do you think the people who are excited for these checks give a single frick about any of that?


Not to mention not everything about inflation is bad

I'm in year 5 of a 30 year mortgage

Please inflate the shite out everything so I can pay off my mortgage in inflated dollars over the latter half of the loan
Posted by mikelbr
Baton Rouge
Member since Apr 2008
47473 posts
Posted on 3/26/20 at 9:21 pm to
quote:

EarlyCuyler3

Are you a licensed financial adviser?
Have a BS in Finance?

Or do you "read alot"?
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 3/26/20 at 9:21 pm to
quote:

What we gonna do about it?


I suggest buying lots of rope.
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 3/26/20 at 9:22 pm to
quote:

Your proposed alternative?


Do nothing and let nature take its course.
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 3/26/20 at 9:22 pm to
quote:

Do you think the people who are excited for these checks give a single frick about any of that?


Of course not. But maybe one person will read it and realize what's really going down here.
Posted by northshorebamaman
Cochise County AZ
Member since Jul 2009
35476 posts
Posted on 3/26/20 at 9:22 pm to
quote:

They're actually stealing from you in the future to give you a few pennies now.
120,000 pennies.

Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 3/26/20 at 9:23 pm to
quote:

Please inflate the shite out everything so I can pay off my mortgage in inflated dollars over the latter half of the loan


You're still being paid less for your work. That's not going to work out in your favor unfortunately.
Posted by Peepdip
Member since Aug 2016
4946 posts
Posted on 3/26/20 at 9:24 pm to
Im still going to pay the same amount in bills, and ill have more money to do it now.
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 3/26/20 at 9:24 pm to
quote:

Are you a licensed financial adviser?
Have a BS in Finance?

Or do you "read alot"?


I'm not an electrician but I'm smart enough not to stick forks in outlets.
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 3/26/20 at 9:24 pm to
quote:

The Navy's mobility is the only thing keeping it afloat.


Well that and all the ships, but only as long as we don't drive them into other ships.
This post was edited on 3/26/20 at 9:26 pm
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