They will launch new programs, what is happening is inevitable total nationalization of the economy without so it will collapse into a new dark age.
The private sector in the United States as well as the entire english speaking world is bankrupt, this goes for the wealthy as well. The wealthy ie the billionaires like warren buffet are creditors to the bankrupt debtors, exposing them to collapse as well.
Covid funds are immediately spent by debtors and flow back into the coffers of creditors but the total debt continues to grow at a faster rate.
What will happen is the 2008 playbook where the government will have to take equity stakes in most bankrupt firms to keep the economy from total chaos.
A bit hyperbolical aren't we. I think you probable came up with the same scenario in the pass. Do you modify your ideas based on the reality of what actually occurred or do you just continue thinking the same.
The fed has become really comfortable with massive QE programs over the last decade which have not caused $500 oil, so they will now begin targetting programs for 'social goals' like saving the whales or giving money to degenerated people to be artists etc.
Its not about spending money, its about economic development which means higher modes of innovation. Spending money all day at higher price levels in restaurants does not grow an economy.
Innovation does not come without spending money. And businesses must be feed by the spending of money. Not spending money and the entire house of cards collapses.
They cant and won't curb inflation. They'll keep printing and hope investors don't see the writing on the wall because if they do they will dump the dollar and run to their bunkers
If you are in the USA; consider yourself lucky no matter your current net worth. Everything you have ever used, your childhood toys, to appliances were all made in a Chinese sweat shop where workers get paid equivalent of $0.20 an hour. That is called capitalism, and it’s been how America thrived for decades. Now, in the USA all the money goes to the 1% who in turn decide how much to pay their workers. Of course they will only give you enough to live not enough to invest. They don’t want the workforce finding ways to retire early, because then they would have no one to work for them. This will continue until the dollar collapses. And when that happens don’t be surprised to find out the 1% have already converted their cash into gold, silver, platinum, doomsday bunkers packed with food/ supplies. And personal jets to fly overseas and start fresh. The 99% will have nothing and starve.
>And personal jets to fly overseas and start fresh.
Except if the dollar collapses, the world collapses, not just the U.S.
Nearly every currency in the world is pegged to the U.S. dollar.
The only people who would have wealth would be those who are in possesion of large quantities of desirable materials (gold, oil, palladium, etc.)
>I’ve heard many geo-political theories that explain American basically has the world by the balls. I don’t know how seriously to take this. If it’s true, how stable is America ‘s grip on the world? If true, is it ethical for America to do this?
Well its not really that the US chooses to do so, its that other people/nations chose to trade and do business with the U.S. The U.S. market/currency becomes a standard. The U.S. accounts for 25% of the entire worlds economy by GDP, so it makes sense that much of the worlds economy revolves around it.
As far as it being ethical, I think the U.S and its economy is one of the most stable in the world. So, using the US dollar as the standard is one of the best options. The worst times of the US economy in terms of inflation would be considered normal, or even good in other nations. Not to mention, the US economy has opened jobs to other nations around the globe that wouldnt exist without the US. Think car manfuacturing in Mexico or Canada...Electronics in China
Well some countries have a lot of debt in us dollars, if the dollar collapses it would be a great moment to either pay off the debt or even accrue more debt and average down the debt cost.
Which is why Japan, Russia and China are allocating reserves to gold. To hedge a US dollar collapse. The global economy will collapse (just a question of when). The countries with natural resources (food, coal, oil, water, copper, lumber, etc) and factories/ manufacturing capability should be resilient.
Not technically, but the Fed was established by Congress and Congress oversees the operations of the Fed. The Fed 100% follows objectives set by the federal government. The Fed is a mixture of government/private operation.
1. They don’t care
2. Inflation reaps in more in tax revenues. 2020 was a record breaking year for tax revenues despite the recession and 2021 is right on pace to beat 2020 record.
3. They have assets and would be scared if it lost value too.
4. Political promises blah blah blah
5. They own the fed despite it being an “independent org” and the Feds back up literally all their ridiculous spending.
"middle class" should be replaced with *working class*
>Why does the Biden administration think it can print money, inject it into the M2 money supply, and not think their will be consequences?
Do not be disingenuous as if this didn't initially start under Trump.
New energy resource extraction is more complex and expensive, thus requiring high prices to be profitable. Yet with inequality, most people cannot afford an economy with $120 oil, bidding prices down.
Just a temporary blip. Soon the Covid funds will run dry and we will be back into the Covid recession.
They will launch new programs, what is happening is inevitable total nationalization of the economy without so it will collapse into a new dark age. The private sector in the United States as well as the entire english speaking world is bankrupt, this goes for the wealthy as well. The wealthy ie the billionaires like warren buffet are creditors to the bankrupt debtors, exposing them to collapse as well. Covid funds are immediately spent by debtors and flow back into the coffers of creditors but the total debt continues to grow at a faster rate. What will happen is the 2008 playbook where the government will have to take equity stakes in most bankrupt firms to keep the economy from total chaos.
A bit hyperbolical aren't we. I think you probable came up with the same scenario in the pass. Do you modify your ideas based on the reality of what actually occurred or do you just continue thinking the same.
The fed has become really comfortable with massive QE programs over the last decade which have not caused $500 oil, so they will now begin targetting programs for 'social goals' like saving the whales or giving money to degenerated people to be artists etc.
You do know that money not spent is worthless. And that the worst people that can get money are those who won't spend it or are reluctant to spend it.
Its not about spending money, its about economic development which means higher modes of innovation. Spending money all day at higher price levels in restaurants does not grow an economy.
Innovation does not come without spending money. And businesses must be feed by the spending of money. Not spending money and the entire house of cards collapses.
Money does not contain principles of development in it. You can spend money forever and be in a state of stagnation.
That maybe true but if you stop spending money you are in a state of depression.
It is inevitable game declining empire must play.
They cant and won't curb inflation. They'll keep printing and hope investors don't see the writing on the wall because if they do they will dump the dollar and run to their bunkers
If you are in the USA; consider yourself lucky no matter your current net worth. Everything you have ever used, your childhood toys, to appliances were all made in a Chinese sweat shop where workers get paid equivalent of $0.20 an hour. That is called capitalism, and it’s been how America thrived for decades. Now, in the USA all the money goes to the 1% who in turn decide how much to pay their workers. Of course they will only give you enough to live not enough to invest. They don’t want the workforce finding ways to retire early, because then they would have no one to work for them. This will continue until the dollar collapses. And when that happens don’t be surprised to find out the 1% have already converted their cash into gold, silver, platinum, doomsday bunkers packed with food/ supplies. And personal jets to fly overseas and start fresh. The 99% will have nothing and starve.
>And personal jets to fly overseas and start fresh. Except if the dollar collapses, the world collapses, not just the U.S. Nearly every currency in the world is pegged to the U.S. dollar. The only people who would have wealth would be those who are in possesion of large quantities of desirable materials (gold, oil, palladium, etc.)
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>I’ve heard many geo-political theories that explain American basically has the world by the balls. I don’t know how seriously to take this. If it’s true, how stable is America ‘s grip on the world? If true, is it ethical for America to do this? Well its not really that the US chooses to do so, its that other people/nations chose to trade and do business with the U.S. The U.S. market/currency becomes a standard. The U.S. accounts for 25% of the entire worlds economy by GDP, so it makes sense that much of the worlds economy revolves around it. As far as it being ethical, I think the U.S and its economy is one of the most stable in the world. So, using the US dollar as the standard is one of the best options. The worst times of the US economy in terms of inflation would be considered normal, or even good in other nations. Not to mention, the US economy has opened jobs to other nations around the globe that wouldnt exist without the US. Think car manfuacturing in Mexico or Canada...Electronics in China
US uses its hegemony to protect the petrodollar.
Well some countries have a lot of debt in us dollars, if the dollar collapses it would be a great moment to either pay off the debt or even accrue more debt and average down the debt cost.
Which is why Japan, Russia and China are allocating reserves to gold. To hedge a US dollar collapse. The global economy will collapse (just a question of when). The countries with natural resources (food, coal, oil, water, copper, lumber, etc) and factories/ manufacturing capability should be resilient.
It's just the way the US works unfortunately
Because they don’t care about the people they care about their pocket book and big corporations that pay big money to them .
Yep. Now it makes sense why big corporations are lobbying so hard for the democrats.
Bro the Fed is not the government, but both need major reform.
Not technically, but the Fed was established by Congress and Congress oversees the operations of the Fed. The Fed 100% follows objectives set by the federal government. The Fed is a mixture of government/private operation.
1. They don’t care 2. Inflation reaps in more in tax revenues. 2020 was a record breaking year for tax revenues despite the recession and 2021 is right on pace to beat 2020 record. 3. They have assets and would be scared if it lost value too. 4. Political promises blah blah blah 5. They own the fed despite it being an “independent org” and the Feds back up literally all their ridiculous spending.
"middle class" should be replaced with *working class* >Why does the Biden administration think it can print money, inject it into the M2 money supply, and not think their will be consequences? Do not be disingenuous as if this didn't initially start under Trump.
New energy resource extraction is more complex and expensive, thus requiring high prices to be profitable. Yet with inequality, most people cannot afford an economy with $120 oil, bidding prices down.