The US debt went from $13.8 trillion in November 2010 to $17.6 trillion now, Defence spending is at 18% of the budget, so it all couldn't have gone to the military... With QE does it goes to a central bank fund that purchases assets/stocks or whatever to certain companies or how does the distribution work?
Majority assets went to welfare.
Quote from: Solar on August 09, 2014, 08:13:31 AM
Majority assets went to welfare.
So basically it's all gone and the economy is no better for it? So much for Keynsian economics...
Quote from: Mountainshield on August 09, 2014, 08:39:34 AM
So basically it's all gone and the economy is no better for it? So much for Keynsian economics...
:lol: :lol: :lol:
BINGO!!!!
Quote from: Mountainshield on August 09, 2014, 08:39:34 AM
So basically it's all gone and the economy is no better for it? So much for Keynsian economics...
And the bill has not been paid either.
Yes, what happens is the central bank purchases financial assets (treasuries, MBS securities, etc) and the newly created money is deposited with the seller, a commercial bank.
The idea was to inject liquidity into the banking system, while supporting the price of treasury bonds and mortgage securities, which would otherwise fall, if priced on the market.
Quote from: TowardLiberty on August 09, 2014, 10:59:26 AM
Yes, what happens is the central bank purchases financial assets (treasuries, MBS securities, etc) and the newly created money is deposited with the seller, a commercial bank.
The idea was to inject liquidity into the banking system, while supporting the price of treasury bonds and mortgage securities, which would otherwise fall, if priced on the market.
Yep, and at some point, that nasty little bubble will pop with a ripple effect of every nuclear weapon on earth going off silently.
When and if we crash, the world will collapse right along with us.
I don't believe there is really anyway to prepare, outside of buying a piece of land far from the city, and stock it with every essential you can think of.
I'm still working on it, but damn, it's expensive.
Quote from: Mountainshield on August 09, 2014, 08:39:34 AM
So basically it's all gone and the economy is no better for it? So much for Keynsian economics...
:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: