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Is The Economy Experiencing a Boost?

GeoLaureate8
Posts: 12,252
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1/29/2013 11:38:27 AM
Posted: 3 years ago
You can thank the reckless money printing that the Federal Reserve has been doing for the incredible bull market that we have seen in recent months. When the Federal Reserve does more "quantitative easing", it is the financial markets that benefit the most.

The Dow and the S&P 500 have both hit levels not seen since 2007 this month, and many analysts are projecting that 2013 will be a banner year for stocks. But is a rising stock market really a sign that the overall economy is rapidly improving as many are suggesting? Of course not. Just because the Federal Reserve has inflated another false stock market bubble with a bunch of funny money does not mean that the U.S. economy is in great shape. In fact, the truth is that things just keep getting worse for average Americans (http://theeconomiccollapseblog.com...).

The percentage of working age Americans with a job has fallen from 60.6% to 58.6% while Barack Obama has been president (http://research.stlouisfed.org...), 40 percent of all American workers are making $20,000 a year or less (http://www.ssa.gov...), median household income has declined for four years in a row (http://theeconomiccollapseblog.com...), and poverty in the United States is absolutely exploding (http://theeconomiccollapseblog.com...).

So quantitative easing has definitely not made things better for the middle class. But all of the money printing that the Fed has been doing has worked out wonderfully for Wall Street. Profits are soaring at Goldman Sachs and luxury estates in the Hamptons are selling briskly (http://www.cnbc.com...).

http://www.infowars.com...
http://theeconomiccollapseblog.com...
"We must raise the standard of the Old, free, decentralized, and strictly limited Republic."
-- Murray Rothbard

"The worst thing that can happen to a good cause is, not to be skillfully attacked, but to be ineptly defended."
-- Frederic Bastiat
malcolmxy
Posts: 2,855
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1/29/2013 11:49:14 AM
Posted: 3 years ago
At 1/29/2013 11:38:27 AM, GeoLaureate8 wrote:
You can thank the reckless money printing that the Federal Reserve has been doing for the incredible bull market that we have seen in recent months. When the Federal Reserve does more "quantitative easing", it is the financial markets that benefit the most.

The Dow and the S&P 500 have both hit levels not seen since 2007 this month, and many analysts are projecting that 2013 will be a banner year for stocks. But is a rising stock market really a sign that the overall economy is rapidly improving as many are suggesting? Of course not. Just because the Federal Reserve has inflated another false stock market bubble with a bunch of funny money does not mean that the U.S. economy is in great shape. In fact, the truth is that things just keep getting worse for average Americans (http://theeconomiccollapseblog.com...).

The percentage of working age Americans with a job has fallen from 60.6% to 58.6% while Barack Obama has been president (http://research.stlouisfed.org...), 40 percent of all American workers are making $20,000 a year or less (http://www.ssa.gov...), median household income has declined for four years in a row (http://theeconomiccollapseblog.com...), and poverty in the United States is absolutely exploding (http://theeconomiccollapseblog.com...).

So quantitative easing has definitely not made things better for the middle class. But all of the money printing that the Fed has been doing has worked out wonderfully for Wall Street. Profits are soaring at Goldman Sachs and luxury estates in the Hamptons are selling briskly (http://www.cnbc.com...).

http://www.infowars.com...
http://theeconomiccollapseblog.com...

If, once the banks got the money, they invested in capital as is the intent, QE would work. This is why having a private centralized bank is so stupid - they do what is best for themselves and ignore the needs of the country as a whole.

Without knowing it, you just gave the best possible argument for federalizing The FED.
War is over, if you want it.

Meet Dr. Stupid and his assistants - http://www.debate.org...
GeoLaureate8
Posts: 12,252
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1/29/2013 12:03:53 PM
Posted: 3 years ago
Uh, yeah, I don't like the fact that it's private.

Congress shall have the power to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

U.S. Constitution - Article 1 Section 8
"We must raise the standard of the Old, free, decentralized, and strictly limited Republic."
-- Murray Rothbard

"The worst thing that can happen to a good cause is, not to be skillfully attacked, but to be ineptly defended."
-- Frederic Bastiat
malcolmxy
Posts: 2,855
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1/29/2013 1:30:05 PM
Posted: 3 years ago
At 1/29/2013 12:03:53 PM, GeoLaureate8 wrote:
Uh, yeah, I don't like the fact that it's private.

Congress shall have the power to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

U.S. Constitution - Article 1 Section 8

word.
War is over, if you want it.

Meet Dr. Stupid and his assistants - http://www.debate.org...
wrichcirw
Posts: 11,196
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1/29/2013 5:35:15 PM
Posted: 3 years ago
At 1/29/2013 11:38:27 AM, GeoLaureate8 wrote:
You can thank the reckless money printing that the Federal Reserve has been doing for the incredible bull market that we have seen in recent months. When the Federal Reserve does more "quantitative easing", it is the financial markets that benefit the most.

The Dow and the S&P 500 have both hit levels not seen since 2007 this month, and many analysts are projecting that 2013 will be a banner year for stocks. But is a rising stock market really a sign that the overall economy is rapidly improving as many are suggesting? Of course not. Just because the Federal Reserve has inflated another false stock market bubble with a bunch of funny money does not mean that the U.S. economy is in great shape. In fact, the truth is that things just keep getting worse for average Americans (http://theeconomiccollapseblog.com...).

The percentage of working age Americans with a job has fallen from 60.6% to 58.6% while Barack Obama has been president (http://research.stlouisfed.org...), 40 percent of all American workers are making $20,000 a year or less (http://www.ssa.gov...), median household income has declined for four years in a row (http://theeconomiccollapseblog.com...), and poverty in the United States is absolutely exploding (http://theeconomiccollapseblog.com...).

So quantitative easing has definitely not made things better for the middle class. But all of the money printing that the Fed has been doing has worked out wonderfully for Wall Street. Profits are soaring at Goldman Sachs and luxury estates in the Hamptons are selling briskly (http://www.cnbc.com...).

http://www.infowars.com...
http://theeconomiccollapseblog.com...

Part of QE is aimed at housing. To the extent that it is stabilizing housing prices, it is benefiting the middle class. Not nearly enough to matter, just saying.
At 8/9/2013 9:41:24 AM, wrichcirw wrote:
If you are civil with me, I will be civil to you. If you decide to bring unreasonable animosity to bear in a reasonable discussion, then what would you expect other than to get flustered?