11-29-2016, 08:05 PM
X_4AD_84 Wrote:Woooo wooooo! The Creature from Jekyll Island!
So, according to those who are still slinging that particular bit of 3T tin foil, The Fed is EEEEEEEEEvillllllll .... and there is hidden inflation due to QE.
The FED isn't so much EEEEEEEEEEEEEEEEEEEEEEEEEEEEEvillllll, but rather an unnecessary middleman. Just go with MMT/debt free money.
Quote:Even though anyone looking at their lack of pay raise (or even pay cut) cannot in their right mind state that they are not personally caught in a deflationary spiral. Same deal looking at bank interest. Add to that low balance fees.
Yeah, I know, banks = another set of useless middlemen. Just do what Japan does and let the local post office be a bank.
Quote:Say it with me now.
DEFLATION.
Yeah, bubbles tend to go there when given enough time. If funds injections are done in a fiscal manner, then the extra funds get directed in a more targeted way. The problem of excess inflation has to be done with non targeted interest rates so folks will know there's too much money in circulation. That's the other problem with the FED. Since it mucks with interest rates, [the price of money], economic participants have no idea what stuff is really worth because the price of money is very, very important as a signal that should not be distorted as it is now, at present.
Finally, we can say good bye to mounting deficits which we also have now, since we do not use interest free money. Such is not of course sustainable and is a pyramid scheme. N.B.
Here's some more bullshit FWIW. Now we should delve into what own means. The fact is nobody "owns" a house, ever. Rather any joint and several taxing entities always own whatever housing unit you occupy. NAR never, ever mentions this fact because it fucks up their narrative. Of course, never mind the fact lots of dolts use their houses, they do not own, as an ATM machine. Now when that happens, there are even more parties that own your house for you. The added entities are those that *own assorted bits and pieces of your sliced and diced mortgage.
*This usage of "own" is of course absolutely correct for the duration of said mortgage.
---Value Added