Bernanke assaults the dollar

[gales0678]

Originally Posted by hi_im_god

wait...what?!?

you and johnny think the fed increases the money supply by physically printing it?

the money supply is increased by loosening credit. it's done by pushing buttons on a keyboard, the same way preposterous idea's are minted on the internet.

there's about $1 trillion cash in circulation right now, the same as there always is.

they print money to replace what is taken out of circulation. where on earth did you get the idea we were having dollars printed overseas?

i have a frined in the printing business , the machines are running 24/7 and they can't handle all of it in this country the have to outsource it

[randallscott35]

Maybe this will help.

http://market-ticker.org/archives/87...-In-Mouth.html

[GBBob]

Originally Posted by randallscott35

Maybe this will help.

http://market-ticker.org/archives/87...-In-Mouth.html

He's an extreme right wing economist...you expected something else from him?

[randallscott35]

Originally Posted by GBBob

He's an extreme right wing economist...you expected something else from him?

Good luck with that. He's not right wing, he's right. Is Mish rightwing also? Oh wait, you just read morons like Krugman I guess.

http://globaleconomicanalysis.blogsp...continues.html

[GBBob]

Originally Posted by randallscott35

Good luck with that. He's not right wing, he's right. Is Mish rightwing also? Oh wait, you just read morons like Krugman I guess.

http://globaleconomicanalysis.blogsp...continues.html

Randall....I thought you were above the "moron" sh*t..guess not

[randallscott35]

Originally Posted by GBBob

Randall....I thought you were above the "moron" sh*t..guess not

Krugman's a moron. Not you.

Originally Posted by randallscott35

Krugman's a moron. Not you.

Did you stop and think that maybe he's in a serious bromance with Krugie-bear?

[GBBob]

Originally Posted by randallscott35

Good luck with that. He's not right wing, he's right. Is Mish rightwing also? Oh wait, you just read morons like Krugman I guess.

http://globaleconomicanalysis.blogsp...continues.html

http://musings.denninger.net/

[The Indomitable DrugS]

Originally Posted by GBBob

He's an extreme right wing economist...you expected something else from him?

I'm certainly not right wing and certainly far from an economist.

Why is this not morally wrong? Why don't they just drowned the mega rich with tax increases if they want to find people to pay for the mistakes of others?

I've argued it's a bad long term move from an economic standpoint - and would have done the same if I had zero dollars.

This shouldn't be about political views. Mine are like a mix of 50% liberal, 40% libertarian, 6% Genghis Khan, and 4% Karl Marx.

[GBBob]

Originally Posted by The Indomitable DrugS

I'm certainly not right wing and certainly far from an economist.

Why is this not morally wrong? Why don't they just drowned the mega rich with tax increases if they want to find people to pay for the mistakes of others?

I've argued it's a bad long term move from an economic standpoint - and would have done the same if I had zero dollars.

This shouldn't be about political views. Mine are like a mix of 50% liberal, 40% libertarian, 6% Genghis Khan, and 4% Karl Marx.

Based on what you've posted this morning, I hope you have help digging your bunker....I get your point, but if it's not political, it sure seems to line up that way

[The Indomitable DrugS]

Originally Posted by GBBob

Based on what you've posted this morning, I hope you have help digging your bunker....I get your point, but if it's not political, it sure seems to line up that way

I will definitely be going to the strip club for the first time in a while tonight and in the near future. The girls there probably don't know that the dollar took a beating - and might be on it's way to becoming toilet paper in the future. But hey, I know as much about line dancing as I do about the economy.

I don't know what I'll be doing after the Wood Memorial. But if things start looking up - the T-Shirt business is the first place I'm looking in my new quest to get rich.

The right wingers should make this political and score points. Though Bush appointed Bernanke...and much of this mess is on Bush.

[ArlJim78]

you might want to invest in pitch-forks and torches, maybe Bunkers-R-Us.

[randallscott35]

Myopic to think any party is right or wrong.

Truth is we've needed a third party of substance in this country for a decade or more. I voted for Nader in the last 3 elections.

Good ideas can come from anywhere. I like some repubs and dems. The ones who understand that debt is what got us here and debt and taxation will not get us out.

[randallscott35]

I would say Ritholz and Rosenberg are pretty liberal actually.


http://www.ritholtz.com/blog/2009/03...es-the-button/

[Cannon Shell]

Originally Posted by GBBob

He's an extreme right wing economist...you expected something else from him?

You cant simply disagree with everything because the person is "right wing". Much of what he is saying has a lot of truth and relevance. Whether or not his outlook is too pessimistic or not remains to be seen but it isnt as though he doesnt have a very good case here.

[dellinger63]

How about just outlawing all marriages as a start?

[dellinger63]

Originally Posted by dellinger63

How about just outlawing all marriages as a start?

2 seperate taxpayers and all

[dellinger63]

just like seeing Cubs

[Danzig]

Originally Posted by gales0678

i have a frined in the printing business , the machines are running 24/7 and they can't handle all of it in this country the have to outsource it

there is no way you can convince me that any entity other than the bureau of printing and engraving prints our currency- and 95% of what's printed is to replace worn out bills.