f7ben Posted July 11, 2022 Share Posted July 11, 2022 2 hours ago, SkisNH said: Well it wasn't 10 it was 6.6 Trillion...as stated about 1/3 went to the people, 1/3 went to businesses and the last 1/3 went to special interest. In no way endorse the spending, but to say the 1/3 that went to the people didn't contribute to inflation is fucking moronic. The velocity of money is far greater when given directly to the consumer. That is what we are seeing now. It was far more than 6.6 when the expansion of the fed balance sheet and rampant Wall Street expansion are considered. The fed coming out and saying they will insulate all assets against loss greenlighted massive wealth expansion and those assets went to the top quickly. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 11, 2022 Author Share Posted July 11, 2022 1 minute ago, f7ben said: It was far more than 6.6 when the expansion of the fed balance sheet and rampant Wall Street expansion are considered. The fed coming out and saying they will insulate all assets against loss greenlighted massive wealth expansion and those assets went to the top quickly. Fed is unwinding the balance sheet....there is a difference between buying assets and spending money. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted July 11, 2022 Share Posted July 11, 2022 Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 11, 2022 Share Posted July 11, 2022 11 minutes ago, SkisNH said: Fed is unwinding the balance sheet....there is a difference between buying assets and spending money. It’s money that was created and flooded the system. The stock market gained 75% based on nothing but jawboning. That is your inflation Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 11, 2022 Author Share Posted July 11, 2022 1 hour ago, f7ben said: It’s money that was created and flooded the system. The stock market gained 75% based on nothing but jawboning. That is your inflation You're retarded....January of 2019 the Dow was roughly 28000 now it's 31000. That's roughly 10% since the beginning of the pandemic...not the 75% you so wildly claim. You can't just make shit up, it makes you look like MC a fucking retard. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 11, 2022 Author Share Posted July 11, 2022 Now TARP.....that really set the markets on fire. Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 11, 2022 Share Posted July 11, 2022 26 minutes ago, SkisNH said: You're retarded....January of 2019 the Dow was roughly 28000 now it's 31000. That's roughly 10% since the beginning of the pandemic...not the 75% you so wildly claim. You can't just make shit up, it makes you look like MC a fucking retard. Hey dumbfuck retard. The Dow was 20k in spring 2020.....it hit a high of 37k and change in a little over 18 months based on nothing but fed action. Kill yourself you brain dead cunt faggot. Quote Link to comment Share on other sites More sharing options...
Anler Posted July 11, 2022 Share Posted July 11, 2022 2 hours ago, motonoggin said: https://youtu.be/V5Sbhi4h9hg Go to 5:30 She forgot the part where the fed started bailing out the repo market in September 2019. I think that was a couple trillion before it was over. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 11, 2022 Author Share Posted July 11, 2022 Just now, f7ben said: Hey dumbfuck retard. The Dow was 20k in spring 2020.....it hit a high of 37k and change in a little over 18 months based on nothing but fed action. Kill yourself you brain dead cunt faggot. Covid started January of 2019... yes it dropped to 19k and the high was 36k that's only 47% increase....you swallowed that hook deep dumb ass. 75% fucking hilarious. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 11, 2022 Author Share Posted July 11, 2022 I wonder what would have happened if they just did nothing...no shutdown no bailout just nothing. I bet we would be at at a slightly higher dow with no inflation. Nobody in their right mind would turn off an economy for over a year. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted July 11, 2022 Share Posted July 11, 2022 7 minutes ago, SkisNH said: Covid started January of 2019... yes it dropped to 19k and the high was 36k that's only 47% increase....you swallowed that hook deep dumb ass. 75% fucking hilarious. 2020 dinglenuts Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 11, 2022 Author Share Posted July 11, 2022 40 minutes ago, motonoggin said: 2020 dinglenuts While correct....the numbers I posted are also correct. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted July 11, 2022 Share Posted July 11, 2022 oNlY 47% iNcReAsE Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 11, 2022 Author Share Posted July 11, 2022 9 minutes ago, motonoggin said: oNlY 47% iNcReAsE From one of the largest crashes in history.....that's why I used a pre-pandemic number...because as of today it's 10% Quote Link to comment Share on other sites More sharing options...
motonoggin Posted July 11, 2022 Share Posted July 11, 2022 1 minute ago, SkisNH said: From one of the largest crashes in history.....that's why I used a pre-pandemic number...because as of today it's 10% Clearly poor people are to blame Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 11, 2022 Author Share Posted July 11, 2022 Just now, motonoggin said: Clearly poor people are to blame You couldn't resist could you.... Govt is to blame for the whole fucking thing. Before you get all wet....this has Zero to do with capitalism. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted July 11, 2022 Share Posted July 11, 2022 Just now, SkisNH said: You couldn't resist could you.... Govt is to blame for the whole fucking thing. Before you get all wet....this has Zero to do with capitalism. Lmao, this IS capitalism. This is what it does. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 11, 2022 Author Share Posted July 11, 2022 8 minutes ago, motonoggin said: Lmao, this IS capitalism. This is what it does. No this is inept government... Quote Link to comment Share on other sites More sharing options...
motonoggin Posted July 11, 2022 Share Posted July 11, 2022 5 minutes ago, SkisNH said: No this is inept government... Government is run by capitalists Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted July 11, 2022 Share Posted July 11, 2022 On 7/10/2022 at 7:32 AM, f7ben said: Oh noes!!!! Middle class people got a few extra crumbs!!! Motherfuckers!!! Let's see the payment plan for the credit card spending that our children and grandchildren didn't get the opportunity to read or sign. Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 11, 2022 Share Posted July 11, 2022 1 hour ago, SkisNH said: Covid started January of 2019... yes it dropped to 19k and the high was 36k that's only 47% increase....you swallowed that hook deep dumb ass. 75% fucking hilarious. Covid did not start in Jan 2019 dumbass faggot Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 11, 2022 Share Posted July 11, 2022 1 hour ago, SkisNH said: I wonder what would have happened if they just did nothing...no shutdown no bailout just nothing. I bet we would be at at a slightly higher dow with no inflation. Nobody in their right mind would turn off an economy for over a year. I wonder what we would be at with normal monetary policy instead of the fed injecting trillions and slashing rates to near zero well before covid??? Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 11, 2022 Author Share Posted July 11, 2022 5 minutes ago, motonoggin said: Government is run by capitalists No it's run by 535 lawyers who have never run a lemonade stand. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 11, 2022 Author Share Posted July 11, 2022 2 minutes ago, f7ben said: Covid did not start in Jan 2019 dumbass faggot You can't do simple math and it took someone else to point out my mistake....yet the dow numbers are right. Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 11, 2022 Share Posted July 11, 2022 Just now, SkisNH said: No it's run by 535 lawyers who have never run a lemonade stand. Well we had a “businessman” who has run a pile of lemonade stands into the ground and look where that got us. Quote Link to comment Share on other sites More sharing options...
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