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I didn't see a solid source on it, but about two months ago, I heard the treasury had long stopped publishing the quan y of money they were printing. I forget the number, but it was massive. Never took the time to verify it. Maybe it is real?
I didn't see a solid source on it, but about two months ago, I heard the treasury had long stopped publishing the quan y of money they were printing. I forget the number, but it was massive. Never took the time to verify it. Maybe it is real?
that's what i was wondering? i know its faux news, and all that partisan bull gets in the way, but the thought of that graph being slightly accurate is really ing scary. does anybody know the actual numbers? i think the public should know.
My understanding is that it's real hard to find out. Sometime after the 2006 elections, the Treasury stopped publishing how much money they were printing! Summer of 2007, our economy started crapping out again.
damn. a world war was fought for this very reason...
M3 (money supply) was published by the Fed until 2006-7.
M2, the broadest measure of the money supply currently tracked by the Federal Reserve:
M1, a narrower measure of the money supply:
M0, the monetary base (currency plus central bank reserves), the portion of the money supply directly controlled by the Federal Reserve:
The Fed helicopters are a-flyin'!
http://blog.jparsons.net/2009/01/gra...ey-supply.html
Maybe I'm a year off. Very possible, or did you mean to type 2007-6?
I'll read the link when I have time, but I have to go now.
Nice chatting.
Well that ing sucks!
So who's buying gold?
well atleast i dont have to buy toilet paper anymore to wipe my ass
You were right. It was 2006.
http://articles.moneycentral.msn.com...tionGauge.aspx
Look at the charts of the Dow Jones average and the money supply growth for the last quarter century and ask yourself: which one has been causing the other?
Just another good damn reason to make the Fed go the way of the dinosaur.
Dont worry we will just go to War with and then occuply Iran and the economy will be Golden. Oil will cost like .29 cents a gallon right?
Not if Exxon/BP/Chevron have anything to say about it, it wont.
I am 22 and have been maxing out my rothIRA since 18, but I am ing scared to death (not really, but for the first time I am allowing myself to doubt the entire market system). I don't trust anymore.
Are you Alan Greenspan?
At 22 you'll be alright, things will work out eventually although it might be painfull. Just keep working, don't get deep in debt, don't get drafted. It's retired or close to retirement people who are really getting the shaft.
The "Market"?
This ain't the market - this IS the exact opposite of that.
Uh. no.
The baby boomers WILL get their's - we live in a democracy and they vote; they have, more than any other, gotten us into this, and are now piling on. If their investments are ; that's ok; they'll just increase SS checks - watch.
You're already a saver: that puts you way ahead of your peers. At 22, you'll ride this thing out. Even if you get totally wiped out, you've got plenty of time to recover. It's the people who are 5-10 years away from retirement who are really ed.
While I wouldn't urge anybody to limit their skepsis in this world, may I suggest you narrow your focus to the OP?
Our currency system is ed up. Every time the Fed creates money from nothing, it creates debt, debases the value of money, and lines its own pockets. How? By charging the government interest on the money it creates. Every fiat system eventually destroys the currency. We think we're an exception to the rule. But the value of the USD is only as good as our promise to pay. With the insane risk of megabanks added to our already irresponsible level of indebtedness, deficits as far as the eye can see and unaffordable en lements looming in the near to medium term, our promise to pay has never been under more stress.
The petrodollar and our status as the preeminent world reserve currency are the only things preventing us from going the way of Argentina in the late 1980's. If the rest of the world could quickly and safely decouple from the USD, they already would have. Versus a basket of currencies, the USD is down 30% in value since 2002.
I'm not gonna say bimetallism is the answer here, but for damn sure the Treasury is allowed to create money under the US Cons ution. A good start would be to cut the Fed banks loose, and stop paying interest to private banks on our own goddam currency.
But this will never happen. Why? Because the Fed has installed their flunky Tim Geithner in Treasury. Government by for and of the banks. Sucks mightily.
Ask yourself this: how close in time were the announcement of Kennedy greenbacks and his assassination?
Disagree.
The close-to-retirement people are the ones who will likely benefit the most from the stimulus. The stimulus is intended, in part, to stave off a harsh economic reckoning, and thus it's meant to preserve the retirement savings of middle aged and older people. But, in reality, we're just delaying our obligations and our debts. Frankly, if you're between the ages of 0 and 35, the burden of responsibility will be yours.
I, for one, am willing to put up with some years of ty economic cir stance--if it helps us out in the long run. Sometimes things need to get worse before they get better. But our government has other plans.
$500-1000 a year means very little to people who've seen so much of their equity destroyed, so close to the day of retirement
The burden will fall harder on the bolded category, but they'll also have more time to feather their own nests. They may not enjoy the level of prosperity we did in our lifetimes, but they have the advantage of time, with the disadvantage you emphasize.
I think the hangover has been well earned whether or not it leads to fiscal health. I hope it does. Because I'm pretty sure that efforts to avoid it will not work.I, for one, am willing to put up with some years of ty economic cir stance--if it helps us out in the long run. Sometimes things need to get worse before they get better. But our government has other plans.
It's not just the $500-1000. It's the attempt to fend off the recession and artificially boost the financial markets. I believe that, in the short-term, the stock market will get a boost and be overvalued as a result of the stimulus. Then the old folks can cash out.
It's the young people, like me, who will be left paying the bills.
You seem to think the stimulus will boost asset classes. Why?
Wow, that is a scary video.
LOL at the Al Gore lift.
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