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Journal by fustakrakich
It only takes 29 monthly installments of just 120 billion dollars to pay it off.
Stocks have set record after record this year thanks in large part to the Federal Reserve’s massive efforts to prop up the economy and financial markets.... the economy has met one big milestone the central bank had set to slow the $120 billion in bond purchases it's making each month.
See? All paid before it's even spent.
We can easily have a 3.5 Trillion Dollar Budget
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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
(1)
(1)
Trying to be happy is like trying to build a machine for which the only
specification is that it should run noiselessly.
(Score: 0) by Anonymous Coward on Wednesday September 22 2021, @03:49PM (14 children)
Do you have an IRA or other type of 'retirement' account?
(Score: 0, Offtopic) by fustakrakich on Wednesday September 22 2021, @05:19PM (13 children)
Tell me how that's relevant to the corrupt financial industry that takes all our money
La politica e i criminali sono la stessa cosa..
(Score: 3, Funny) by aristarchus on Wednesday September 22 2021, @09:23PM
Republican reification of fiat currency continues unabated! It's not your money, Fistula! It is not anybody's money! It's kind like Bitcoin, an artificial construct with temporary human entities assigned to its units. So we cannot "run out" of money, and all that can happen at the individual level is that everyone else decides to take you off the register, so you are not allowed to exchange goods and services any longer.
(Score: 1) by khallow on Thursday September 23 2021, @02:33AM (1 child)
So the answer is "No". I suspect the corrupt financial industry is just not that relevant to your problems in the first place.
(Score: 1) by fustakrakich on Thursday September 23 2021, @02:45AM
:-) Well of course. From you we would expect nothing less
La politica e i criminali sono la stessa cosa..
(Score: 0) by Anonymous Coward on Thursday September 23 2021, @01:34PM (9 children)
That's not an answer to the question. That's evasion by answering the question with another question.
The question has a very simple answer. One of these two words: Yes No
So which is it:
Yes - you have an IRA or other retirement account
No - you do not have any IRA or other retirement account
(Score: 0, Flamebait) by fustakrakich on Thursday September 23 2021, @06:07PM (8 children)
What's it worth to ya?
La politica e i criminali sono la stessa cosa..
(Score: 0) by Anonymous Coward on Friday September 24 2021, @01:22PM (7 children)
(Score: 1) by fustakrakich on Friday September 24 2021, @06:49PM (6 children)
Why should I care?
La politica e i criminali sono la stessa cosa..
(Score: 0) by Anonymous Coward on Saturday September 25 2021, @04:12AM (5 children)
Still not an answer to the question.
Do you have an IRA or other retirement account?
The two possible answers are: Yes No
(Score: 1) by fustakrakich on Saturday September 25 2021, @05:23AM (4 children)
And?
La politica e i criminali sono la stessa cosa..
(Score: 0) by Anonymous Coward on Sunday September 26 2021, @05:28AM (3 children)
And still not an answer to the question.
(Score: 1) by fustakrakich on Sunday September 26 2021, @05:20PM (2 children)
That's too bad...
La politica e i criminali sono la stessa cosa..
(Score: 1, Funny) by Anonymous Coward on Sunday September 26 2021, @07:59PM (1 child)
Still not an answer to the question.
Now, were the answer to be "no" you would have likely offered up the "no" without all the hassle, because that is an easy one to offer up, and it remains consistent with your posted world view.
So we have to assume then that the answer is "yes" and you are being obtuse because you don't want to admit you have an IRA or other retirement account.
And because you have one, you are also directly benefiting from all that "money" you claim is being funneled to wall-street and that you post against all the time.
So typical of a hypocrite, complain about something while also, behind the curtain, also benefiting from that same something you complain about. Retirement for me, but not for thee.
(Score: 1) by fustakrakich on Sunday September 26 2021, @10:55PM
:-) Assumptions are what you do best, babe...
La politica e i criminali sono la stessa cosa..
(Score: 0) by Anonymous Coward on Wednesday September 22 2021, @11:59PM (1 child)
Let's talk about Yemen. Why are we still bankrolling Saudi genocide?
(Score: 1) by fustakrakich on Thursday September 23 2021, @02:21AM
Ask the people that profit from it
La politica e i criminali sono la stessa cosa..
(Score: 0) by Anonymous Coward on Thursday September 23 2021, @02:35PM (4 children)
... fustakrakich's conspiracy theories sucked up the brainspace in which he would otherwise have had the rudiments of monetary economics.
The central bank's quantitative easing, in its most charitable interpretation, has been injecting liquidity into a system by buying investors out of the market to nudge their funds elsewhere. Of course, greater demand for securities paid for by freshly-printed money has raised the prices of those securities as a side-effect, but unless the companies in questions are issuing more stocks or bonds, it does little for their cash position except as a side-effect of greater economic activity.
On the other hand, the inflationary pressures in the market (starting with the PPI, because that is closer to the measure that companies care about) actively hurt the companies, so this isn't exactly a corporate bonanza. Constrained supply is actually making things harder for them as well, and that includes labour supply which is choked, not merely by a limit on skilled hands, but public policies making employment harder and more expensive, which logistic and supply chains are still choked.
In other words, the cashnami isn't actually boosting overall productivity but boosting prices in a constrained environment, so while we could certainly have a 3.5 trillion budget, it would fall prey to the other side of the coin mentioned in the article: that the longer and harder government pushes things in one direction, the more pent-up pressure there is in the opposite direction and the correction is apt to be savage. A classic example is decades of increasingly aggressive pro-home-ownership pressures, culminating in the '07-'09 crash. The counterpart here is when an easy cash policy gets reversed, and the securities boosting gets reversed, securities are apt to drop in face value and floods of bargain-seekers are apt to pull their money back into that market.
Yet another fun part to this is that because wages and salaries are lagging numbers, inflation is effectively a tax on income. So if you want to print a flood of funny money, you're basically bending the working classes over a barrel and railing them, with the promised reach-around of government bennies. A hard-core communist could hardly ask for a more specific way of sticking it to the bourgeoisie.
The twitching shades of GDP increase that we're seeing in real money terms have more to do with contortions of the current market; some reshoring, raised demand for electronic goods and services, but also anything that looks like an energy market (look at the price at the pump if you want a proxy for that).
(Score: 0, Troll) by fustakrakich on Thursday September 23 2021, @06:10PM (3 children)
Gee, you're a good mechanic, totally (maybe willfully) oblivious to who pushes the buttons
La politica e i criminali sono la stessa cosa..
(Score: 1, Funny) by Anonymous Coward on Friday September 24 2021, @02:15PM (2 children)
Let's think on this deep question:
If a button is being pressed, clearly marked FUCK THE NATION HARD, on what level does it matter whose finger does the pressing? Whoever it is, is clearly not promoting a healthy nation.
You would have us believe that there's a sinister uniparty full of unspeakably cunning and diabolically coordinated operatives who carefully coordinate a dance of malevolence, whereas in reality the whole upper echelon looks like a rolling fight in a burlap sack full of rats. The actual course of events is perfectly adequately explained as an emergent manifestation of uncoordinated cross purposes, but you seem to see a sinister power behind it all.
Are the Raelians also behind it all, in your view?
(Score: 1) by fustakrakich on Friday September 24 2021, @06:56PM (1 child)
The "Nation".. please! Your little drama does not impress anybody but the moderators
:-) Yes, very funny. You see "sinister" ( and get all verklempt with anybody who doesn't play along, which is amusing, please continue), I see simple mutual interests going back to the beginning of the universe.
La politica e i criminali sono la stessa cosa..
(Score: 0) by Anonymous Coward on Friday September 24 2021, @10:05PM
Obviously sinister, after all, anyone who doesn't agree is a scary terrorist.