Quantitative Easing Explained

C

cancel2 2022

Canceled
I knew most of this already but the bit about the Fed buying bonds from the Treasury via Goldman Sachs was news to me. The system is inherently corrupt and more reminiscent of a banana republic than a first world nation. I don't entirely agree about the reasons for QE though, it also helps to make the dollar cheaper which helps exports and, by the way, makes your stocks cheaper to buy for us damned furriners.


 
Last edited:
Funny it doesn't mention Hank Paulson, former chairman of Goladman Sachs who left the firm to become Secratary of the Treasury.
Notable acts as Secratary; Allowed Lehman Bros. bank to fail (Goldman Sachs largest competitor at the time).
Then bailed out all the other banks, including Goldman Sachs, an action originaly rejected by Congress, due to Congress receiving more letters, phone calls and e-mails than any other subject in the history of the country (90% opposed to the bailout).
Paulson next blackmailed Congress into passing the bill by threatening that if the bailout didn't pass, 401K programs would collapse next.
Congressional pussies caved and did the exact opposite of the will of the people, thus ensuring longterm economic failure for the many, while rescuing the few who had been most responsible for the crisis.
 
bailout-pig.jpg
 
Return of Dune said:
Funny it doesn't mention Hank Paulson, former chairman of Goladman Sachs who left the firm to become Secratary of the Treasury.
Notable acts as Secratary; Allowed Lehman Bros. bank to fail (Goldman Sachs largest competitor at the time).
Then bailed out all the other banks, including Goldman Sachs, an action originaly rejected by Congress, due to Congress receiving more letters, phone calls and e-mails than any other subject in the history of the country (90% opposed to the bailout).
Paulson next blackmailed Congress into passing the bill by threatening that if the bailout didn't pass, 401K programs would collapse next.
Congressional pussies caved and did the exact opposite of the will of the people, thus ensuring longterm economic failure for the many, while rescuing the few who had been most responsible for the crisis.
Click to expand...

You are pushing at an open door there, Goldman Sachs is not called a blood-sucking vampire squid for nothing?

"The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money,"
Click to expand...

http://www.guardian.co.uk/business/andrew-clark-on-america/2009/jul/14/goldmansachs-banks
 
\(\(())/)/ said:
bailout-pig.jpg
Click to expand...

Representative Delehunt D-Mass was one of the only politicians to object to the Tarp bill not being forced to include a (temporary) moratorium on forclosures.
His suggestion was laughed out of existence, banks revved up the forclosure process to light speed, and Delehunt left politics for good.

Funny how one of the few decent people gets forced out.
 
Return of Dune said:
Representative Delehunt D-Mass was one of the only politicians to object to the Tarp bill not being forced to include a (temporary) moratorium on forclosures. His suggestion was laughed out of existence, banks revved up the forclosure process to light speed, and Delehunt left politics for good. Funny how one of the few decent people gets forced out.
Click to expand...

Instead, we now have the Tea-rorists - holding America hostage, blocking all meaningful attempts to create jobs - while they pass nonbinding resolutions reaffirmimg "In God We Trust"...




debt+ceiling.bmp
 
We cannot go forward cutting taxes on the super-rich, borrowing money to fund Wall Street bailouts, and expect to balance the budget and solve unemployment by ignoring infrastructure needs and gutting social programs.

So here we are:

- The high financiers busted up everybody else’s nest egg and made a fortune.
- The government bailed out the busted financial firms and got into black hole debt.
- The central bank bailed out the banks.
- The states want to get bailed out by the federal government.


All this adds up to a near-bankrupt state where everybody wants to be Communist without actually becoming a Communist state.

I think the GOP presidential candidates should fly to Beijing to learn how a successful capitalist economy works.



e14798a4-29e5-11de-9e56-00144feabdc0.jpg
 
SmarterThanYou said:
Sure. Completely ignore that the TEA party was against the bailout and continue to call them terrorists. What a retard you continue to be.
Click to expand...

Yes, idiot, the TEA party and EVERYONE ELSE were against the bailout.

WHAT THE FUCK HAS THE TP DONE WHICH HAS HELPED ANYONE BUT THE 1% YOU FUCKING FREAK?

NAME ONE FUCKING THING.

DO IT NOW OR SHUT THE FUCK UP.
 
The Tea Party has accomplished just as much as the jaw-jacking keyboard warrior....jack shit.
 
You need a political party to help you? Poor thing. Can't even manage his own life without political hacks telling him what to do. I bet you live in a big dweeb city.
 
SmarterThanYou said:
I think it's better to let your sorry ass burn up in your own hate.
Click to expand...

This from the guy who claimed, against evidence to the contrary, that he never runs from TP debates.

Nice try weakling.

The truth is that the TP is the enemy of the working class, and you have NO evidence to the contrary, or you would surely post it.
 
Return of Dune said:
This from the guy who claimed, against evidence to the contrary, that he never runs from TP debates.

Nice try weakling.

The truth is that the TP is the enemy of the working class, and you have NO evidence to the contrary, or you would surely post it.
Click to expand...
the truth is your blind hate of palin and the like has completely removed any semblance of rational thought. You've provided nothing in the way of evidence to prove your claims that the TEA party is what you claim it to be. In short, you've become a blathering idiot because of it.
 
SmarterThanYou said:
the truth is your blind hate of palin and the like has completely removed any semblance of rational thought. You've provided nothing in the way of evidence to prove your claims that the TEA party is what you claim it to be. In short, you've become a blathering idiot because of it.
Click to expand...

Can you point to even one thing the TP has done which has helped the working class?
Take all the time you need.
Otherwise, you have proven yourself among the deceived.
 
You must log in or register to reply here.
Back
Top