can we fix the economy by printing infinite money?
>>61575442How much of that goes into chainlink token?
>>61575449Yes.
>>61575442It’s not QE
>>61575442This is a good thing. I voted for this.
>>61575443>Mortgage backed securityBailing out the banks for their shitty FHA mortgages that people only had to start repaying in September after not having to pay them for five years which was leading to rising defaults
>>61575442Criminal mafia fraud parading as officialdom
>>61575442In a way, kinda?Printing money will hasten inflation. Inflation makes everything more expensive. The populace cuts back on spending. It's austerity without people realizing it, because there's more paper in their pockets.The system is self correcting. Feds are not solving the problem, they're just hoping to stretch the time table so that things feel smooth. To actually address it, we need to use this time to cut costs at government and increase productivity in the private sector. Ultimately it's just a debt problem.
>>61575442This is actually shrinking the money supply a tiny bit and slowly increasing stress until an even worse liquidity crisis happens.the fed is giving a loan to banks overnight. The banks have to pay the loan back with interest every morning. Eventually the fed will have to print qe 5, but not until something else breaks.
Lame discussion. Just hand over the money, bitchez.
what promises are made to the golems, by the chicken swingers?or does it come naturally i guess they (golems) find out when they die?what a weird tribe…
>>61575442>74 billion? What's the use of 74 billion? Under Biden you couldn't even buy a hamburger for 74 billion. Jackoff Jerome is the worst fed chairman in history and the worst Trump hater in history, and I know a lot of them. He tries to make me lose the midterms but I'm not gonna let him get what he wants.
>>61575727>He tries to make me lose the midterms but I'm not gonna let him get what he wants.Yea that’s pretty much all the fed wants now and they’ll gladly nuke the whole economy to win midterms
>>61575535>The banks have to pay the loan back with interest every morningIts interest free for the bank, not interest free for US Citizens who owe it back to the FED with interest.
>>61576386No, banks have to pay the fed the OBFR which is currently 3.64%. Which is slowly pulling liquidity out of the system
>>61575464But what?
>>61575488>The system is self correctingNot when the cycle of toxic bank debt and deficit spending keeps going up. Call these what they are, bank bail outs
>>61575535This is the same situation that preceded covid. Luckily a pandemic virus allowed them to print "emergrncy" money while everyone was locked in their houses and couldn't circulate that new money. I wonder what new crisis will luckily pop up this year to allow the government to replenish the money supply and put the the boot on the citizens' throats.
>>61575488>The populace cuts back on spending.What? The objective of inflation is to increase spending, people spend more when they know their money is being devalued every day. That's the whole purpose behind the fed's 2% rate target. A deflationary environment is what would encourage people to stop spending, because holding cash becomes profitable. If people are spending less right now it's because of some other factor.
