Fed on brink of fifth(?) round of quantitative easing

[larry_vw_1955]

Looks like they will need a disastrous event (hyperinflation) to introduce CBDC... Roll Eyes

they could just say they are doing it to fight terrorism and human trafficking.

Only after you wipe out people's savings (including hoarded cash) they'll be willing to accept CBDC as a (final) "solution". Shocked

they could just offer a $10 or $20 starbucks gift card in return for converting your cash into a cdbc. for those problematic people who refused to go along with it, they could start charging a premium for paying in cash like 25%. 

No wonder rich people (from Elon Musk to Bill Gates) rarely hodl cash. They prefer stocks or even land (https://theprimetime.in/bill-gates-became-americas-biggest-farmer-bought-242000-acres-in-18-states/).

there's only so much cash a person needs. anything after that is just sitting there doing nothing. that's why.

[1715372023]

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[STT]

Printing more money while raising rates in theory to combat inflation is going to quickly become nonsense.   Japan is already further down this road and well aware they exist in a ruined landscape financially that government is broke though the country could do well without them it hardly bodes well for the health of an economy if the largest issuer of debt is unworthy via its endless refusal to settle debts.
  Can any major debtor modern nation now settle their debts, what happens when this is called upon with reference to our knowledge of how bad effects easily spread globally & with a domino effect of losses and decline in trade.   I almost hope they get away with their nonsense as it will be so troublesome in conclusion when it topples.

[cryptosize]

She's the next Twitter CEO and she works for WEF:

https://twitter.com/lindayacc/status/1623422588776054785

"as of Sept 2024, the currency we’ve all used for years is going to disappear"

You better tell me what will happen by September 2024!

[cryptosize]

There's a lot of work going on behind the scenes:

https://www.bis.org/about/bisih/topics/cbdc/icebreaker.htm
https://www.bis.org/publ/othp61.htm

[larry_vw_1955]

There's a lot of work going on behind the scenes:

https://www.bis.org/about/bisih/topics/cbdc/icebreaker.htm
https://www.bis.org/publ/othp61.htm

what's wrong with all of that. wouldn't you say the international bank wire system is a rip off and needs updating?

You better tell me what will happen by September 2024! Shocked

why do you think something is going to happen by september 2014? just because someone tweeted something?  people tweet all kinds of nonsense...

[cryptosize]

You clearly don't know what WEF/Great Reset is.

[larry_vw_1955]

You clearly don't know what WEF/Great Reset is.

lets get back to reality. conspiracy theories belong on some miscellaneous forum. lets talk about hard data. things like the national debt and whether they're going to mint that trillion dollar platinum coin to kick the problems further down the road.

[cryptosize]

You seem dumber and dumber with every new post you make.

You're truly franky2.

It's not a conspiracy theory at all, but dumb people are not going to be convinced:

https://www.weforum.org/great-reset/

People like you are the reason US will fall and it's going to hurt a lot.

[EarnOnVictor]

but china needs us since we are a huge importer of their goods. without us, they couldn't survive. so they would still keep on exporting their goods here even if we did a little cooking of the books. i believe.

China have the rest of the world to export to, and are already in talks with the likes of Russia and India to replace the dollar for their international trade. If we deliberately default on our debts, you can guarantee the dollar is abandoned by everyone.

so if we can do something like that then there's nothing we can't do. including not paying our debts. and telling our creditors to stand in line.

Of course we can refuse to pay our debts. But you seem to think we just launch a new currency and nothing changes. Our economy would tank, our credit rating would tank, all foreign investment disappears, international trade is impossible, job losses in the millions. The country would be a mess for a long time.

What if "the rest of the world" as you call it doesn't want the product of China with time? Just saying, but I don't like it when I see people thinking that China could just displace the US overnight. I am waiting for this though. China rose to this prominence because of the financial disparity of the world, they leveraged the poverty and suffering of many countries. They can do your product at a very low price regardless of the quality. Many countries embraced it and enrich a country that will one day become a HUGE problem to the world. 'You can mark my word on that.'

No matter what is happening to the US now, I believe they would overcome, this is not the first time they would be faced with economic and financial issues, they always bounce back greater. I will never forget the contribution of that great country to the world. We appreciate somewhat freedom now, they are partly to be appreciated for what they preach, their ideology and for ensuring stability in the world. Not to mention their contribution to the UN, and WHO among others, while China always take the backseat and even threaten to abandon the climate change agreement, to say the least. Is that a leader?

They are only leveraging on the desperation of Russia, and their deal with India is failing. They will always try with their currency dominance, but they will fail because it can't be done with a crook, you have to economically earn it, which is not about exportation only, not even with conspiracy as they are doing now. China will always be a threat to the world as far as I am concerned, only that people are still blind to it.

Don't worry, let the world continues, they will one day surely regret the evil they've nursed. China will not give you one thing and not expect to collect it back 10 times. It's evident in the deals they've brokered with some countries in Asia and Africa leveraging on their weakness and desperation.

[slapper]

but china needs us since we are a huge importer of their goods. without us, they couldn't survive. so they would still keep on exporting their goods here even if we did a little cooking of the books. i believe.

China have the rest of the world to export to, and are already in talks with the likes of Russia and India to replace the dollar for their international trade. If we deliberately default on our debts, you can guarantee the dollar is abandoned by everyone.

so if we can do something like that then there's nothing we can't do. including not paying our debts. and telling our creditors to stand in line.

Of course we can refuse to pay our debts. But you seem to think we just launch a new currency and nothing changes. Our economy would tank, our credit rating would tank, all foreign investment disappears, international trade is impossible, job losses in the millions. The country would be a mess for a long time.

What if "the rest of the world" as you call it doesn't want the product of China with time? Just saying, but I don't like it when I see people thinking that China could just displace the US overnight. I am waiting for this though. China rose to this prominence because of the financial disparity of the world, they leveraged the poverty and suffering of many countries. They can do your product at a very low price regardless of the quality. Many countries embraced it and enrich a country that will one day become a HUGE problem to the world. 'You can mark my word on that.'

No matter what is happening to the US now, I believe they would overcome, this is not the first time they would be faced with economic and financial issues, they always bounce back greater. I will never forget the contribution of that great country to the world. We appreciate somewhat freedom now, they are partly to be appreciated for what they preach, their ideology and for ensuring stability in the world. Not to mention their contribution to the UN, and WHO among others, while China always take the backseat and even threaten to abandon the climate change agreement, to say the least. Is that a leader?

They are only leveraging on the desperation of Russia, and their deal with India is failing. They will always try with their currency dominance, but they will fail because it can't be done with a crook, you have to economically earn it, which is not about exportation only, not even with conspiracy as they are doing now. China will always be a threat to the world as far as I am concerned, only that people are still blind to it.

Don't worry, let the world continues, they will one day surely regret the evil they've nursed. China will not give you one thing and not expect to collect it back 10 times. It's evident in the deals they've brokered with some countries in Asia and Africa leveraging on their weakness and desperation.

Some have even hinted that China could eventually overthrow the United States in a chorus of finger-wagging. Nonsense! It's like hoping that Cinderella's pumpkin will magically transform into a carriage. Certainly not! Growth in China? This is a very devious game. They rule over developing countries by supplying them with low-priced goods, some of which are subpar. A real trick by a master magician, but with tchotchkes. However, you shouldn't underestimate the United States. Like Rocky, they've been knocked down yet always get back up. The United States is the undisputed champion of the international ring, where it fights for freedom and maintains relative calm. They have done a lot of work for the UN, the WHO, and many other organisations. That deserves a toast, so let's do it!

They don't show their emotions much in China. They ignore critical issues, such as global warming, and instead look for opportunities to take advantage of weaker countries. They are taking a big gamble, but only time will tell if it pays off. Truth will eventually emerge as the planet continues to spin. Although China may feel confident, they should remember that karma is very real. If it goes up, it must fall. Now they've scored an easy victory, but what about the dubious bargains they made with lesser nations? The opposite is true. A lot!

[larry_vw_1955]

You seem dumber and dumber with every new post you make.

how is that?

You're truly franky2.

It's not a conspiracy theory at all, but dumb people are not going to be convinced:

https://www.weforum.org/great-reset/

if you want me to believe your narrative it's going to take alot more than a few insults and links to crappy looking websites to do that. your best effort so far was a link to how the roman empire fell, i have to give you credit for that one but not your latest stuff...

People like you are the reason US will fall and it's going to hurt a lot.

i'm not the one letting 15 million migrants into the usa this year. didn't donald trump say he thought that's how many of them would make it in even though other orginizations want to use a smaller number? who are YOU going to believe? 

[o_e_l_e_o]

What if "the rest of the world" as you call it doesn't want the product of China with time?

Doesn't make things any better for us in the US. If China are faced with trading with rest of the world or trading with a country which has defaulted on its debt and will not pay its creditors, then they have no reason to choose the latter, knowing in advance they will simply lose money.

No matter what is happening to the US now, I believe they would overcome, this is not the first time they would be faced with economic and financial issues, they always bounce back greater.

"Greater" is definitely subjective. The only reason we have bounced back every time is because we have increased the debt ceiling and taken on exponentially higher levels of debt. This cannot continue forever.

[larry_vw_1955]

"Greater" is definitely subjective. The only reason we have bounced back every time is because we have increased the debt ceiling

yeah they've done it like 60 times in the past or something. they'll probably do it again this june.

This cannot continue forever.

now they're wanting to blame low income people and people of modest means for the entire debt ceiling problem - going after their benefits.

https://www.nbcnews.com/politics/congress/tougher-work-requirements-federal-aid-programs-pose-obstacle-debt-limi-rcna84778

The House GOP bill would require states to implement work requirements for some people on Medicaid, the health insurance program for low-income people. It would also require able-bodied adults up to age 55 to work a minimum of 20 hours per week or satisfy other criteria to get SNAP benefits for more than three months every three years.

As if that's the reason we owe $31 trillion dollars...as if stealing paltry sums from poor folks is going to put any type of dent in something you caused. 

[Wind_FURY]

Printing more money while raising rates in theory to combat inflation is going to quickly become nonsense.   Japan is already further down this road and well aware they exist in a ruined landscape financially that government is broke though the country could do well without them it hardly bodes well for the health of an economy if the largest issuer of debt is unworthy via its endless refusal to settle debts.

Can any major debtor modern nation now settle their debts, what happens when this is called upon with reference to our knowledge of how bad effects easily spread globally & with a domino effect of losses and decline in trade.   I almost hope they get away with their nonsense as it will be so troublesome in conclusion when it topples.

Loosening and tightening at the same time? Doesn't that defeat the purpose of either, and is that really what Japan is currently doing?

 

I believe Japan is still loose with their monetary policy. Because the last update I've read about the Bank of Japan is they're printing more Yen to save their bond market and maintaining their rates low below 1%.

[BlackHatCoiner]

if you want me to believe your narrative it's going to take alot more than a few insults and links to crappy looking websites to do that. your best effort so far was a link to how the roman empire fell, i have to give you credit for that one but not your latest stuff...

Huh? You yourself asked for the Great Reset, and he gave you the official page which describes in detail what's about it. What else do you want as evidence that there exists, indeed, such campaign?

"Greater" is definitely subjective. The only reason we have bounced back every time is because we have increased the debt ceiling and taken on exponentially higher levels of debt. This cannot continue forever.

It cannot continue forever, granted. The question is when will it happen. Why do countries still feel confident with the USD, after all these further actions the US has taken to retain their economy, which discredit their currency?

[larry_vw_1955]

Huh? You yourself asked for the Great Reset, and he gave you the official page which describes in detail what's about it. What else do you want as evidence that there exists, indeed, such campaign?

i visited the "official page" but all i see is some blurbs about coronavirus along with some links to videos about covid-19. looks like a poorly designed website put together by some cheap fiver gig. to be honest.   maybe there's more to it than that but i couldn't be bother to try and figure out what.

meanwhile governor abbot is really sending buses of migrants not only to NYC but to other states too. That's your great reset right there. it's like getting a package that you can't return. so this governor abbot is really playing his cards right. but i guess he still has to pay for the greyhound bus bill. but that's cheaper than putting everyone up in the marriott...

[Wind_FURY]

"Greater" is definitely subjective. The only reason we have bounced back every time is because we have increased the debt ceiling and taken on exponentially higher levels of debt. This cannot continue forever.

It cannot continue forever, granted. The question is when will it happen. Why do countries still feel confident with the USD, after all these further actions the US has taken to retain their economy, which discredit their currency?

Because, simply, no other fiat currency is better than the U.S. Dollar in Liquidity, Saveability, and Investability.

To make Bitcoin an example, it's the same situation. Anyone open a debate that there are "better cryptocurrencies" out in the market, but not all merchants and services accept those "better currencies". Bitcoin contrastingly is accepted EVERYWHERE in crypto, which makes it better in Liquidity, Saveability, and Investability.

[cryptosize]

Oops:

https://twitter.com/RadarHits/status/1660946936394924033

Looks like The Great -Bank/Currency/Debt- Reset is coming pretty soon, the elites cannot wait any longer...

Of course the Average Joe is going to deny it again and again, but he'll be convinced when he sees his 401k turning into ashes.

Some people (true Bitcoin maxis) realize it way before the masses:

https://www.reddit.com/r/Bitcoin/comments/13oxswn/nfa_i_stopped_contributing_to_my_401k_and_decided/

[larry_vw_1955]

Oops:

https://twitter.com/RadarHits/status/1660946936394924033

Looks like The Great -Bank/Currency/Debt- Reset is coming pretty soon, the elites cannot wait any longer...

so the elites are looking to squeeze that final bit of cash out of american citizens? i guess that means warren buffet will be trading in his small house for a larger one anytime soon.

Of course the Average Joe is going to deny it again and again, but he'll be convinced when he sees his 401k turning into ashes.

but think of all the taxes they saved by stuffing their 401k full of un-needed cash. that's the real win right there. 

Some people (true Bitcoin maxis) realize it way before the masses:

https://www.reddit.com/r/Bitcoin/comments/13oxswn/nfa_i_stopped_contributing_to_my_401k_and_decided/

i'll have to look into this...

[larry_vw_1955]

anyone been seeing those news stories that the national debt increased in the last month or so by around a trillion dollars or some insane amount. at this rate, an apple is going to cost a day's wages.