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I'm not a right winger, and our central bank is run for the benefit of its member banks. The FED is not your friend.

And you are a walking, talking Obamaton suffering from acute Kool-Aid poisoning. Originally Posted by CuteOldGuy

What do you oppose about:

Seigniorage (/ˈseɪnjərɪdʒ/, also spelled seignorage or seigneurage) is the difference between the value of money and the cost to produce and distribute it.

That is what QE essentially is on a grand scale. That's 4 trillion the US government created and we didn't have to pay tax on - but we got 4 trillion in goods and services from the suckers around the world. Sure, bankers stole some of it - that is their mission in life - but 99% of it stayed here FTBO the US taxpayer.

Money is a commodity. The more of it there is, the less value it has. Eventually, there will be so much of this "fiat" currency in circulation, the currency will have no value. What is the value of today's dollar as compared to the 1913 dollar? Then check the value of the 1913 dollar compared to the 1813 dollar. Then audit the FED and find out who is REALLY benefitting from QE in its various manifestations.

Yeah. FTBO the American citizen. How's that working out? Lower unemployment? No. Booming economy? No. Lower prices? No. Rising wages? No.

Where in the hell do you get the bullshit you post, BJ? You have NO IDEA where the QE money is going. Or how it effects the economy.

You suffer from acute Kool-Aid poisoning. Get help now!

Money is a commodity. The more of it there is, the less value it has. Eventually, there will be so much of this "fiat" currency in circulation, the currency will have no value. What is the value of today's dollar as compared to the 1913 dollar? Then check the value of the 1913 dollar compared to the 1813 dollar. Then audit the FED and find out who is REALLY benefitting from QE in its various manifestations.

Yeah. FTBO the American citizen. How's that working out? Lower unemployment? No. Booming economy? No. Lower prices? No. Rising wages? No.

Where in the hell do you get the bullshit you post, BJ? You have NO IDEA where the QE money is going. Or how it effects the economy.

You suffer from acute Kool-Aid poisoning. Get help now!

Originally Posted by CuteOldGuy

If corruption exists in the Fed, yes let's audit them and find out. However, you realize that in spite of all the money printed and QE utilized, everyone else has an even less valuable and less utilized currency, giving us the title of undisputed currency champion of the world. Two or three percent inflation per year adds up, and deflation was a disaster during the Depression. So, unless you are afraid to do something with your money, you should be able to keep up with the acceptable dilution of the currency. In the meantime, the Fed hosed the rest of the world for 4 trillion, and stopped another depression.

What do you oppose about:

Seigniorage (/ˈseɪnjərɪdʒ/, also spelled seignorage or seigneurage) is the difference between the value of money and the cost to produce and distribute it.

That is what QE essentially is on a grand scale. That's 4 trillion the US government created and we didn't have to pay tax on - but we got 4 trillion in goods and services from the suckers around the world. Sure, bankers stole some of it - that is their mission in life - but 99% of it stayed here FTBO the US taxpayer. Originally Posted by Bert Jones

Those "suckers", Bert, includes every American that has a savings account and/or that is invested in bonds and CDs, Bert. Those "suckers", also includes every American who has been investing into retirement accounts that were investing in CDs and bonds, Bert.

If corruption exists in the Fed, yes let's audit them and find out. However, you realize that in spite of all the money printed and QE utilized, everyone else has an even less valuable and less utilized currency, giving us the title of undisputed currency champion of the world. Two or three percent inflation per year adds up, and deflation was a disaster during the Depression. So, unless you are afraid to do something with your money, you should be able to keep up with the acceptable dilution of the currency. In the meantime, the Fed hosed the rest of the world for 4 trillion, and stopped another depression. Originally Posted by Bert Jones

The fact that the FED is corrupt is well established. There is no "if" about it. And as far as the FED being our Savior, what fantasy world are you living in? You know inflation hurts the poor most. Yet you just came out in support of inflation. What happens when the money supply hits critical mass, and becomes worthless? Dammit, man! GET OFF THE KOOL-AID NOW!!!

I'm not a right winger, . Originally Posted by CuteOldGuy

Those "suckers", Bert, includes every American that has a savings account and/or that is invested in bonds and CDs, Bert. Those "suckers", also includes every American who has been investing into retirement accounts that were investing in CDs and bonds, Bert. Originally Posted by I B Hankering

There are winners and losers in a Capitalistic (or any other society for that matter) society....maybe those folks should have invested in the stock market. Folks who did, their buying power increased. You gotta follow the money to make money! What folks like COG do not understand is that there is really no alternative.

Those "suckers", Bert, includes every American that has a savings account and/or that is invested in bonds and CDs, Bert. Those "suckers", also includes every American who has been investing into retirement accounts that were investing in CDs and bonds, Bert. Originally Posted by I B Hankering

Would you rather hose the entire world for 80 billion a month, or protect idiot investors who can't figure out how to put their money in a mutual fund when the fed is pumping up the stock market? I thought you conservatives believed in survival of the fittest!!

The fact that the FED is corrupt is well established. There is no "if" about it. And as far as the FED being our Savior, what fantasy world are you living in? You know inflation hurts the poor most. Yet you just came out in support of inflation. What happens when the money supply hits critical mass, and becomes worthless? Dammit, man! GET OFF THE KOOL-AID NOW!!!

Originally Posted by CuteOldGuy

Everyone (well, except paranoid anti-government insurrectionists) supports a couple of points of inflation to protect against deflation. No one knows the critical mass of the money supply, so we might as well push up to the edge - don't you hoard gold, anyway? Gold has gone down in spite of QE.....surprised, huh? That proves the current money supply is not unstable. By the way, your metaphor is lousy. I can't continue to drink the kool-aid and live - remember Jim Jones' people died after they drank it. I'm still here!!!

Would you rather hose the entire world for 80 billion a month, or protect idiot investors who can't figure out how to put their money in a mutual fund when the fed is pumping up the stock market? I thought you conservatives believed in survival of the fittest!! Originally Posted by Bert Jones

So you are aware that QE is screwing millions of Americans and you just don't give a fuck. Further, you ignore the fact that municipalities are dependent on the eschewed bond market; hence, screwing millions more who happen to be your Odumbo minions who depend on those municipal improvements. Good boy, BJ, you're making a great Odumbo bureaucrat.

So you are aware that QE is screwing millions of Americans and you just don't give a fuck. Further, you ignore the fact that municipalities are dependent on the eschewed bond market; hence, screwing millions more who happen to be your Odumbo minions who depend on those municipal improvements. Good boy, BJ, you're making a great Odumbo bureaucrat. Originally Posted by I B Hankering

No one is screwed by a few points of inflation, and it makes it easier on the bond market to issue bonds with a lower return so they can raise more money for infrastructure projects. Deflation is destructive - do you want that? If people don't like the return on bonds, go somewhere else with their investments. Don't you conservatives believe in self sufficiency?

No one is screwed by a few points of inflation, and it makes it easier on the bond market to issue bonds with a lower return so they can raise more money for infrastructure projects. Deflation is destructive - do you want that? If people don't like the return on bonds, go somewhere else with their investments. Don't you conservatives believe in self sufficiency? Originally Posted by Bert Jones

Inflation is also destructive, BJ, it discourages saving and encourages risky money schemes. Plus, your statement is full of contradictions, BJ, because investors are abandoning the bond market in record numbers: they are steering away from -- not investing in -- bonds.

Everyone (well, except paranoid anti-government insurrectionists) supports a couple of points of inflation to protect against deflation. No one knows the critical mass of the money supply, so we might as well push up to the edge - don't you hoard gold, anyway? Gold has gone down in spite of QE.....surprised, huh? That proves the current money supply is not unstable. By the way, your metaphor is lousy. I can't continue to drink the kool-aid and live - remember Jim Jones' people died after they drank it. I'm still here!!! Originally Posted by Bert Jones

You are intellectually on life support. Money backed by nothing is pretty much . . . nothing. The FED manipulates the money supply for who, exactly? Who is the FED accountable to?

As Mayer Amschel Rothschild said in the late 18th Century, "Give me control of a nation's money and I care not who makes the laws."

Then ask yourself again, to whom is the FED accountable?

You are intellectually on life support. Money backed by nothing is pretty much . . . nothing. The FED manipulates the money supply for who, exactly? Who is the FED accountable to?

As Mayer Amschel Rothschild said in the late 18th Century, "Give me control of a nation's money and I care not who makes the laws."

Then ask yourself again, to whom is the FED accountable? Originally Posted by CuteOldGuy

You are kind of stupid, aren't you? I agree the money is backed by nothing. That's the beauty of it. We print it, the world gives us stuff for it. What kind of ignorant old fool would oppose that?

Ignorant fools support that. You have no idea how stupid you are.