[quote]Gregus wrote:
Ryan P. McCarter wrote:
John S. wrote:
We need to return to the gold standard. We can fix this it is not them or nothing. Quit with this negative attitude, I will return my country to the way the founding fathers intended it to be.
If you need faith in the people tune into fox at 1-3 pm EST on 9-12.
AHAHAHAHA! The gold standard! HAHAHAHAHA!
Because things were just PEACHY before the Fed. I have never met an enemy of the Fed who had a coherent grasp of history.
It’s funny that you say that because in my experience everyone with a coherent grasp on history is an enemy of the fed. [/quote]
[quote]Bondslave wrote:
I don’t think this needs its own thread since you are already discussing the US Federal Reserve:
China alarmed by US money printing
“If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies,”
[/quote]
If the economy grows enough, it won’t lead to inflation.
[quote]Ryan P. McCarter wrote:
Bondslave wrote:
I don’t think this needs its own thread since you are already discussing the US Federal Reserve:
China alarmed by US money printing
“If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies,”
If the economy grows enough, it won’t lead to inflation.[/quote]
HAHAHAHAHAHAHAHAHAHA,do you just make shit up as you go along, or are you incapable of making a complete thought? The more money out there means the less the money is worth. Inflation will always happen with Fiat currency.
[quote]Ryan P. McCarter wrote:
Bondslave wrote:
I don’t think this needs its own thread since you are already discussing the US Federal Reserve:
China alarmed by US money printing
“If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies,”
If the economy grows enough, it won’t lead to inflation.[/quote]
[quote]orion wrote:
Ryan P. McCarter wrote:
Bondslave wrote:
I don’t think this needs its own thread since you are already discussing the US Federal Reserve:
China alarmed by US money printing
“If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies,”
If the economy grows enough, it won’t lead to inflation.
What !?!?[/quote]
He is probably just sitting in the ivory tower next to yours shouting across the gap.
[quote]Ryan P. McCarter wrote:
Bondslave wrote:
I don’t think this needs its own thread since you are already discussing the US Federal Reserve:
China alarmed by US money printing
“If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies,”
If the economy grows enough, it won’t lead to inflation.[/quote]
In a hypothetical sense, that is true: if the production of goods and services keeps pace with the increase in the money supply, the increase in the money supply will not lead to inflation. But absent severe cuts in government spending, or defaulting on debt, or a new trick to get somebody to buy an awful lot of bonds or hold an awful lot in dollars: economic growth cannot possibly keep up with the amount of money that will be printed to cover government spending and service the debt. And if we have a new trick to get somebody to buy an awful lot of bonds or hold an awful lot in dollars, we will merely postpone the day of reckoning as well as make it worse when it comes.
[quote]NealRaymond2 wrote:
Ryan P. McCarter wrote:
Bondslave wrote:
I don’t think this needs its own thread since you are already discussing the US Federal Reserve:
China alarmed by US money printing
“If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies,”
If the economy grows enough, it won’t lead to inflation.
In a hypothetical sense, that is true: if the production of goods and services keeps pace with the increase in the money supply, the increase in the money supply will not lead to inflation. [/quote]
That is only true if you define inflation as rising prices.
That ignores though that those prices would have dropped sans the inflation of the money supply.
So the money supply has been inflated with all the negative consequences accompanying that, maybe prices will not rise that fast for now.
Why anybody would divorce the term inflation from the actual inflating of the money supply except for hiding the true reason for inflation is beyond me.
[quote]Ryan P. McCarter wrote:
Gregus wrote:
Ryan P. McCarter wrote:
John S. wrote:
We need to return to the gold standard. We can fix this it is not them or nothing. Quit with this negative attitude, I will return my country to the way the founding fathers intended it to be.
If you need faith in the people tune into fox at 1-3 pm EST on 9-12.
AHAHAHAHA! The gold standard! HAHAHAHAHA!
Because things were just PEACHY before the Fed. I have never met an enemy of the Fed who had a coherent grasp of history.
It’s funny that you say that because in my experience everyone with a coherent grasp on history is an enemy of the fed.