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.

(Seymour Tribune)   Man emulates the fed and keeps printing money. Quickly learns they don't like competition   (tribtown.com ) divider line
    More: Spiffy, printing money, Cumberland County Jail, Falmouth  
•       •       •

4863 clicks; posted to Main » on 31 Jan 2014 at 9:34 AM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



73 Comments   (+0 »)
View Voting Results: Smartest and Funniest

Archived thread

First | « | 1 | 2 | » | Last | Show all
 
2014-01-31 01:46:22 PM  

pedrop357: Hollie Maea: pedrop357: Printing money when the top men think it needs to be printed only hurts people who save, specifically poor and middle class people who see the purchasing power of their savings reduced, yet don't have the same access to the new money the way the rich.  This is SOOO much better than the possible problems of people "hoarding" tangible currency (metals, etc.)

If you think that inflation levels have been too high recently, you might be a moron.

If you think I said that inflation levels have been too high recently, you might be a moron.


OK, then we agree.  The "top men" are doing a good job of managing the currency.
 
2014-01-31 01:48:19 PM  

lenfromak: Hollie Maea: Again, money should be invisible, serving as nothing more or less than a perfect lubricant of economic activity.  It is the focus on money, rather than actual wealth, that can lead people to say with a straight face that the country with the best land on Earth, with 300 million of the most productive people in history, with a perfect credit rating and that backs the most widely used reserve currency in history is "broke".

Perfect credit rating? Just who would that be? Not the USA any more.


The point I was trying to make is that we had a perfect credit rating when the moron brigade started saying we were broke.  The current lack of a perfect credit rating is a direct result of those idiot brokemeisters. (Although our credit rating is still extremely good, and we continue to not be "broke")
 
2014-01-31 01:50:51 PM  

Hollie Maea: pedrop357: Hollie Maea: pedrop357: Printing money when the top men think it needs to be printed only hurts people who save, specifically poor and middle class people who see the purchasing power of their savings reduced, yet don't have the same access to the new money the way the rich.  This is SOOO much better than the possible problems of people "hoarding" tangible currency (metals, etc.)

If you think that inflation levels have been too high recently, you might be a moron.

If you think I said that inflation levels have been too high recently, you might be a moron.

OK, then we agree.  The "top men" are doing a good job of managing the currency.


Only if you think in small/short terms.
 
2014-01-31 01:55:07 PM  

Hollie Maea: lenfromak: Hollie Maea: Again, money should be invisible, serving as nothing more or less than a perfect lubricant of economic activity.  It is the focus on money, rather than actual wealth, that can lead people to say with a straight face that the country with the best land on Earth, with 300 million of the most productive people in history, with a perfect credit rating and that backs the most widely used reserve currency in history is "broke".

Perfect credit rating? Just who would that be? Not the USA any more.

The point I was trying to make is that we had a perfect credit rating when the moron brigade started saying we were broke.  The current lack of a perfect credit rating is a direct result of those idiot brokemeisters. (Although our credit rating is still extremely good, and we continue to not be "broke")


What would your definition of "broke" be then?
 
2014-01-31 02:04:21 PM  

pedrop357: What would your definition of "broke" be then?


Well, since we are talking about nations here, I would say that Mali is broke.  Their land is unproductive, they don't have much in terms of natural resources, and their small population is unproductive due to war.'

Interestingly enough, they were once the wealthiest nation on earth due to favorable location on a trade route that no longer exists.
 
2014-01-31 02:05:12 PM  

pedrop357: Only if you think in small/short terms.


You've already conceded that they are doing well in terms of inflation control.  What would you say they are doing badly?
 
2014-01-31 02:11:49 PM  

Hollie Maea: What would you say they are doing badly?



maybe this
www.aei-ideas.org

Combine that increased debt with an eventual return to normal interest rates as QE continues to taper and that has just a few folks concerned.
 
2014-01-31 02:15:53 PM  

HeadLever: Hollie Maea: What would you say they are doing badly?


maybe this
[www.aei-ideas.org image 600x363]

Combine that increased debt with an eventual return to normal interest rates as QE continues to taper and that has just a few folks concerned.


What does the Fed have to do with national debt?
 
2014-01-31 02:22:35 PM  

Hollie Maea: Alright...here is a primer (seriously, this is first grade stuff ) on what money is and how it works.


I skipped remedial 1st grade economics in a failed attempt to stop being so dyslexic. I appreciate the explanation, though you seem to be setting some non-farkian precedent of explaining things instead of simply insulting everyone who disagrees with you.

Let me help get you back on the bandwagon: I am, in fact, dyslexic; certainly you should be able to work with that.
 
2014-01-31 02:26:11 PM  

Hollie Maea: What does the Fed have to do with national debt?


Since they are buying big chunks of it via QE, quite a bit.  How much?  Glad you asked:
research.stlouisfed.org
 
2014-01-31 02:29:40 PM  

Hollie Maea: What does the Fed have to do with national debt?


And furthermore, when the fed buying spree finally runs its course and interest rates are allowed to return to market based level, our interest expense on this national debt is going to really explode.  Hopefully, we will be in a decent growth position where we can deal with this better, however, I am pretty skeptical.
 
2014-01-31 03:33:19 PM  

lenfromak: Hollie Maea: Again, money should be invisible, serving as nothing more or less than a perfect lubricant of economic activity.  It is the focus on money, rather than actual wealth, that can lead people to say with a straight face that the country with the best land on Earth, with 300 million of the most productive people in history, with a perfect credit rating and that backs the most widely used reserve currency in history is "broke".

Perfect credit rating? Just who would that be? Not the USA any more.


After the USA's credit was "downgraded" it became cheaper for the USA to borrow money. So, there are "ratings" and there are "ratings". The suspicion that the ratings agencies were trying to have a political, rather than an economic, effect is strong.
 
2014-01-31 05:35:19 PM  

yakmans_dad: After the USA's credit was "downgraded" it became cheaper for the USA to borrow money


That is mostly because our debt issuance has been mostly detached from the market by QE.  When you have the fed buying the vast majority of your debt, credit ratings really don't mean much.
 
2014-01-31 05:39:33 PM  

HeadLever: yakmans_dad: After the USA's credit was "downgraded" it became cheaper for the USA to borrow money

That is mostly because our debt issuance has been mostly detached from the market by QE.  When you have the fed buying the vast majority of your debt, credit ratings really don't mean much.


QE doesn't actually do anything except play pretend. The bond market hasn't been changed by QE.
 
2014-01-31 06:00:14 PM  

yakmans_dad: The bond market hasn't been changed by QE.


Bzzzt Wrong.
 
2014-01-31 06:37:15 PM  

Hollie Maea: lenfromak: Hollie Maea: Again, money should be invisible, serving as nothing more or less than a perfect lubricant of economic activity.  It is the focus on money, rather than actual wealth, that can lead people to say with a straight face that the country with the best land on Earth, with 300 million of the most productive people in history, with a perfect credit rating and that backs the most widely used reserve currency in history is "broke".

Perfect credit rating? Just who would that be? Not the USA any more.

The point I was trying to make is that we had a perfect credit rating when the moron brigade started saying we were broke.  The current lack of a perfect credit rating is a direct result of those idiot brokemeisters. (Although our credit rating is still extremely good, and we continue to not be "broke")


Sorry Holly, but if your credit rating can be destroyed by naysayers, it's only because it was all a lie to start with.

/"It wasn't the imperial tailor's fault the emperor ended up naked! It was that stupid mouthy kid!"
 
2014-01-31 10:19:49 PM  

HeadLever: yakmans_dad: The bond market hasn't been changed by QE.

Bzzzt Wrong.



Did you catch the date?
 
2014-01-31 10:36:10 PM  

Tatterdemalian: if your credit rating can be destroyed by naysayers


Uh,..that's not what happened.  It was downgraded because Congress threatened to purposefully refuse to pay bills.
 
2014-01-31 11:42:55 PM  

yakmans_dad: Did you catch the date?


Just short of 3 years ago.  how does that change the point at all?  Just because the study was not completed yesterday doesn't mean that its findings are no longer applicable.  If you want to refute the study you are going have to do better than that.
 
2014-02-01 09:03:05 AM  

HeadLever: yakmans_dad: Did you catch the date?

Just short of 3 years ago.  how does that change the point at all?  Just because the study was not completed yesterday doesn't mean that its findings are no longer applicable.  If you want to refute the study you are going have to do better than that.


Economics is to science the way my cat is to bicycles. Micro is accounting. Macro is politics with charts. Today after billions of purchased assets the rate the market pays for American treasuries is unchanged. If QE had an effect, the rates on long term treasuries would be through the roof. After all, the assets the fed has purchased must be sold some day. If they had an effect, those assets wouid make investors demand more for their 10 year, 20 year purchases. QE is a pledge of good faith.
 
2014-02-01 10:18:22 AM  

Hollie Maea: Uh,..that's not what happened.  It was downgraded because Congress threatened to purposefully refuse to pay bills.


It's what you said "happened." But that's okay, after your wall-o-text it was pretty obvious you're just grasping at any straw you can to blame anything bad on Republicans, apparently in the hopes people won't notice they actually have very little power to do anything but be scapegoats for The One.

/when Obamacare fails, it will be because the Republican party still exists, and that's enough to ruin all the perfect plans
//just like Stalin's "wreckers" and Marx's "kulaks"
///and Hitler's Jews
 
2014-02-01 10:22:48 AM  
Yeah, keep filtering me. Haven't laughed this much since you replaced "Cuba" with "Brazil" in that other post.

/apparently I'm important enough to be targeted for these special filters
//keep your eye on the clown, I can plan around that too
 
2014-02-01 12:08:25 PM  

yakmans_dad: Today after billions of purchased assets the rate the market pays for American treasuries is unchanged. If QE had an effect, the rates on long term treasuries would be through the roof.


Not if they keep buying these treasuries, which they have.

If they had an effect, those assets wouid make investors demand more for their 10 year, 20 year purchases.

You apparently don't know what QE is.  Again, when the fed is the one purchasing the vast majority of the debt, the other investors really don't matter much.  Now that the fed purchasing program is tapering off, now we will see what 'investors demand'.  Now we will see what happens when the junkie pulls the needle out of his arm.
 
Displayed 23 of 73 comments

First | « | 1 | 2 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
On Twitter






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.

Report