The Big Print Is Coming

The Big Print Is Coming

So? Do you think The Big Print is coming? What is the Big Print you ask?

Will The Big Print happen? No one knows - except the Central Bankers (and their buddies who they give the heads-up on well in advance of any major move). What do you think about that? About having your entire future in the hands of a few corrupt banking oligarchs who are 'picked' by the 'politicians' whose campaigns they fund. Do you like it? Do you like being absolutely powerless? Just sitting here, waiting to see how they mess things up. Or maybe buying precious metals. Or penny stocks. Or Carry Trades. Or whatever. Just waiting for the Master of the House to decide what it is that will serve THEM the most.

The "Long Depression" of the 1800s is cited as the 'reason we NEED a central bank'. It lasted 5 years, was not that painful, and was over in short order. Mostly it effected investors and bankers. The Depression OTOH killed people and lasted 15 years. The Wars the Fed funds have/are squandered/ing trillions while our schools and hospitals barely remain open and our cities rot - - we build buildings in other countries, our cities are horrid. It must all seem quite strange that life should be so poor for so many Americans in the richest nation in the world. In the existence of the world. Why?





It's not possible for a few insulated over-paid fat bald white guys to know more about the price of money when compared to the collective wisdom of 300,000 million people. Billions when you count the people on the planet who use USDs. But, it's not about making good financial decisions. It's about Power and Rule. Just as it has always has been. Rule by the few over the many.


Big War is needed for Big Inflation. And the Federal Reserve needs a LOT of inflation. Something else to think about. It might take Big War to get the Big Print to happen. You guys are always saying we need to sacrifice for The Nation... do our part for The Nation. We owe The Nation.

 

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Don't worry Michael, the fight against the financial malfeasance on the part of the banksters has already begun abroad, just look at Greece & Spain. But here no one knows what you're talking about because they still have cable, internet and life's trucking along as it was before. They are concerned in a completely academic fashion where you are completely divorced from the subject at hand and it all boils down to party politics anyway. By the way its not the politicians picking the banksters, its the banksters picking the politicians, which is hard for a lot of people to believe since they cannot fathom how a nice man like Obama or Romney could work for an oligarchy. You're chasing after wind my friend.

 

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Who cares if we print money to pay off the debt? I say go for it.

 

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Basically, the more paper money a country prints for its own internal purposes, the less the currency will be worth in relation to other currencies, because of an over abundance of supply.
In addition, if the fundamental political or economic climate of the country is uncertain, this would make that country's currency a risk to hold, thereby driving the exchange rate lower.

http://www.forextraders.com/forex-a...l-analysis/currency-devaluation-examples.html

 

Why should we care about that? If we pay it off with taxes, everyone has less money, if we print money, everyone has less money. What's the difference?

 

That's what the Romans thought.... and the Chinese.... and the Germans..... and the Russians.... for some reason, printing money to debase the currency doesn't get you out of trouble but into worse trouble.

 

It basically comes down to confidence, imo. There is a tipping point where the currency loses the confidence of the people of this country and other countries. At this point, economic activity is severely restricted; No one takes risks and everyone is just looking to survive.

However, no one is able to tell when this point of no return is. There are millions of variables here and each situation is a bit different from the last. :-/

 

It is true that confidence plays a role, but, increasing the monetary base (in our present experiment whereby Bernanke plays the part of the Scientist and we play the part of the lab rats) the monetary supply was TRIPLED in 4 years. As that money leaks out into the 'real' world it destroys markets. You may have confidence in your ability to buy a big mac with your USD but tell that to people who drilled for natural gas - the banks who lent to them are screwed and that market is so distorted it'll take a decade or longer to fix. If ever. We're not talking some wanky panky here, we're talking energy - which is crucial to our survival. We're freaken fighting two wars in the ME over the ability to maintain oil priced in USD (not much else lending 'confidence' to it these days - oh, there are rat infested McMansions).

So, even if we have confidence in the fiat of the day, debasing it completely destroys markets and ultimately that is what destroys the society (which make up those markets).

 

It's mainly a question of exactly who ends up with exactly how much less money. If we devalue the debt via loose monetary policy, then the losers are people with lots of savings, and people who are creditors. Basically, older wealthy people and banks. The winners are younger people without much savings (since unemployment will go down) and debtors. If we pay for ti via taxes, the situation will be basically reversed: young people and creditors will get squeezed, and retirees and banks will get a fat reward.

 

Sounds good to me, what's the problem with that?

 

I don't see how it could get much worse.

 

No? Take a trip to Athens or Barcelona.

 

one problem with that and that the roman empire coin was backed with specie litteraly as they used the metal to make the coins.

 

I agree the retirees will be screwed for a life-time of service and left with nothing. But, if you think the Banks are going to be screwed you better think twice. The Oligarchs look out for their own. The Fed lends to the Banks, the banks are sitting on TRILLIONS of dollars. When some of that money leaks out it destroys the market it's supposed to help. Again, I point to natural gas. Banks invested. Wells were put down. Too much gas is being produced. The price has tanked. The loans can't be paid back. The entire monetary system has failed. Worse still, we're wasting a limited resource AGAIN.



We're f*cked thanks to the Federal Reserve. We're stuck in a damned if you do and damned if you don't. My guess is, they'll try a few more QE. Then sacrifice a generation or two Americans to the USD. Maybe not, BillyT doesn't think so. But, I think maybe so. And we'll lose a lot MORE civil liberties along the way.

 

In the early Roman Empire the silver coin was 98% silver. At the end it was less than 2% silver. And thus went the Roman Empire.


The Federal Reserve could also choose one other option. It could fund WWIII. Narcissistic sociopaths like Clinton, Obama, Bush and Romney would have NO problem sending hundreds of thousands, millions of Americans to die if they thought they could make a quick buck on it and gain more power at the same time.

 

congrats on proving your not an ideologue your just insane really sociopaths narcissistic. you don't need to be posting here you need to be in padded room before you hurt somebody. none of them have exhibited any systoms of sociopathy( unless you think being against libertarianism is sociopathy which would be interesting as one of the biggest supports of any libertarianism Ayn Rand could have been considered a sociopath.) bout the only one who could be deemed narcissistic would be bush but that is pushing the definition at that.

quit just throwing words around because most people think libertarian ideas are stupid.

 

It has been observed before that the Fed tends to over-represent the interests of savers, and under-represent the interests of borrowers, because its board consists of a bunch of bankers and wealthy types with lots of savings. Which is to say that you can actually expect the Fed to be more worried about inflation, and less about unemployment, than the country as a whole. Despite the various loose money policies the Fed has pursued recently, they are actually something of an inflation hawk compared to the country as a whole.

 

I'm not sure where THAT came from. Did you know that the Roman Emperor Valens (368 CE) made it illegal to sell oneself into slavery. Why do you think Roman's would want to sell themselves into Slavery?

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We'll see.

 

The Debt per citizen is $50,000. But, given most Citizens do not pay tax, it works out to about $140,000 per tax payer. Yeah, I see Americans paying THAT back... not. Warm up the Printing Press Benny, Obama's go-n shoppen. First stop, FREE medical. Next stop, Iran.