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(CNN)   While Republicans bemoan Minimum Wage Wally getting a living wage for the first time in his life while on unemployment. The Fed now owns Walmart's debt. Privatize the profits, and socialize the losses, eh 'Murica?   (cnn.com) divider line
    More: Obvious, Federal Reserve System, Monetary policy, Mark Zuckerberg, Bankruptcy, Chesapeake Energy, protest of Facebook, purchases of individual corporate bonds, Goldman Sachs  
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1471 clicks; posted to Business » on 29 Jun 2020 at 2:20 PM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-06-29 5:05:56 PM  
8 votes:

vygramul: And China owns US debt. That means they control us. So doesn't that mean the Fed controls WalMart?

/Quantitative Easing expansion meant this kind of thing


At the very least it means China now controls Walmart. Soon the stores will be filled with Chinese-made products.
 
2020-06-29 12:39:05 PM  
5 votes:
I want someone to tell Donnie that the parent company of CNN got $17,000,000...

He'll lose his shiat.
 
2020-06-29 5:08:13 PM  
1 vote:
Capitalism is a Christianity replacement.
So much that it even replicates the Church organization of Medieval Christianity
:
The economists (clergy)continually advocate(preach)free market economics(the faith) andinterpret the economy (holy book) on behalf of the society (the believers). The critical economists (heretic priests) are outcast by the establishment, not given airtime, ridiculed or censored.
Whatever happens in the economy is interpreted and 'somehow' explained by the economists(clergy), and in those explanations, anything good that happens is due to free market economics(the faith), and anything bad that happens is due to straying away from free market economics (having any other faith).
According to the sermon, all that the hardworking (faithful) need to do is to work hard(have faith)and keep staying the course. Because 'the invisible hand' will fix all problems, crises, issues without them needing to do anything in particular. All they need to do is to have faith, and putting their trust in the religion by trusting the clergy of the church. Whose only solution to every single problem is more free market(more faith), and if a solution does not work at all, its because the society was not faithful to the free market enough.
 
2020-06-29 4:54:05 PM  
1 vote:

Sajuuk Khar: edmo: The Free Market in action.

I'll bet a lot of people with mortgage problems would enjoy some assistance.

The Fed does support homeowners through purchases of mortgage backed securities. If people stop paying their mortgages it's the Fed that loses out.

Same situation if these companies default and fail to pay bond holders i.e the Fed.

The Fed is supporting both systems.


the Fed's propping up of the stock and bond markets is also saving trillions of retirement savings from ruin.
 
2020-06-29 2:34:45 PM  
1 vote:
Remember when the free market picked the winners?

Yeah...I don't either.
 
2020-06-29 2:31:00 PM  
1 vote:
And China owns US debt. That means they control us. So doesn't that mean the Fed controls WalMart?

/Quantitative Easing expansion meant this kind of thing
 
2020-06-29 2:30:49 PM  
1 vote:
Don't worry subby.  The unemployment trough ends in 30 days.  No worries.
 
2020-06-29 12:34:48 PM  
1 vote:
Talkin' Bout a Revolution
Youtube 721JQZw6Spg
 
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