Do you have adblock enabled?
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNBC)   Don't sugar coat it, tell us what you really think   ( divider line
    More: Interesting, Federal Reserve Chairman Ben Bernanke, Marc Faber, Mad Money, MBS, money flows, Jim Cramer, Chairman of the Federal Reserve, mortgage securities  
•       •       •

4395 clicks; posted to Business » on 14 Sep 2012 at 2:41 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

Voting Results (Smartest)
View Voting Results: Smartest and Funniest

2012-09-14 06:44:24 PM  
2 votes:

Pumpernickel bread: You don't need to be an economist to see how this disproportionately benefits the wealthy. The cash injections are causing stocks to rise and that is exactly where the wealthy have most of their money parked. Tougher for the paycheck to paycheck guy as prices are rising, but his checking account balance isn't.

Instead of buying up MBS, which takes debt off the books of companies, perhaps it would be better to give cash injections to consumers that will go out and make purchases, providing companies with a need to expand (and hire). Right now, companies are just sitting on their cash as there is no increased demand for product as the average consumer has less and less buying power

But first you have to tax them so you have the money to give them. Or, you could borrow the money, give it to them, and then require them to pay it back. Or, just print the money and give it to them, to make up for the lost value of the money they already have.

There's no economic perpetual motion machine, and stimulus is only a bubble, which must eventually burst.
2012-09-14 03:24:30 PM  
2 votes:
Weaver95 : yeah, but the 1% don't give a f*ck about the 'man on the street'.

Everyone is all talking about the 1%, as if all of the 99% were protesting.

I'm in the 7%, and I'm doing well enough working the system to my advantage and I don't give a fark about the 'man on the street' either.

// my family started off on welfare (I remember when government cheese went from being one huge block of cheese, to a block of pre-sliced cheese (with offset slices!!!)), and worked our way up through the social strata, and from my observations, there are several distinct reasons that the majority of the poor stay poor and very little of it has to do with 'the man' keeping them down.

// TL/DR version. A lot of poor folks are crazy ignorant sons of biatches and it's no mystery at all why they can't elevate themselves. There are lots of exceptions (myself, for example) that have the capability to rise above the BS. Help the smart people that are out of sorts, help the crazy people, help the injured. Everyone else, put them on a farm to do the "jobs Americans won't do".
2012-09-14 03:15:21 PM  
1 vote:
Marc Faber is a goldbug. Feel free to ignore him.

Though his assessment that the Fed's QE policies so far have only inflated asset prices, thus helping the wealthy, are on the mark. If we're going to print money, give the cash to people who'll spend it, not those who'll hoard it.
Displayed 3 of 3 comments

View Voting Results: Smartest and Funniest

This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
On Twitter

Top Commented
Javascript is required to view headlines in widget.

In Other Media
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.