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Quantitative Easing: Theft!

Temlakos~POTL~PWCM~JLA~☆ 2012/09/14 18:45:33
Quantitative Easing is theft!
Quantitative easing: it's the right thing to do.
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Ben "Helicopter" Bernanke would have you believe that he's giving away free money! He isn't.

He is taking money from the poor and the middle class, to give to high-flying investors.

Here's how it works:

He creates money out of thin air, to monetize the government's debt.

By buying those bonds, he floods the market with cash. Cash that is worth less.

The total aggregate value has not changed. But the number of dollars that represent that value is going up, and up, and up.

So each dollar is worth less.

So every dollar you hold is worth less than before.

If you doubt me, read the linked article. Follow the link to the price of oil. It skyrocketed after this announcement.

Oil affects everything we make and everything we move. So again, we will pay. And pay. And pay.

So much for concern for the little guy. This is not it.

This is an abuse of eminent domain: taking privately held worth for public use.

And years later, any temporary benefit that investors might gain from this, will vanish. Burn up in a fire of hyperinflation.

In Weimar Germany, you had to wheel a barrow full of Reichsbanknotes to buy a loaf of bread.

Today that bread might not even be on the shelf.

Thank you, Helicopter Ben.

Read More: http://www.conservativenewsandviews.com/2012/09/14...

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Top Opinion

  • Temlakos~POTL~PWCM~JLA~☆ 2012/09/14 18:48:24
    Quantitative Easing is theft!
    Temlakos~POTL~PWCM~JLA~☆
    +15
    Here you see inflation, up close and personal. This is worse than sausage. Sausage, at least, tastes good. This is pure poison.

    John F. Kennedy put it this way: "Now that I am a Scout [and therefore must Be Prepared], I have to buy canteens, haversacks, blankets, searchlights, ponchos,..."

    That's what it will come to.

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  • Hamilton 2012/10/29 20:23:27
    Quantitative Easing is theft!
    Hamilton
    +1
    It is a rolling default on our debts and counterfeiting.

    It used to be that they would kill kings for debasing currency and hang counterfeiters. Now we elect them and allow them to retire on a fat pension.
  • Anonymouse ~superdoge~ 2012/09/25 17:53:01
    Quantitative Easing is theft!
    Anonymouse ~superdoge~
    +1
    And it doesn't work. Obama has tried it twice, each time it has done nothing and the credit rating has been downgraded, now he's trying it again. However, it doesn't hurt the poor more than the rich, because the money the rich hold as wealth depreciates in value as well. It hurts everyone. The best thing to do would be to ban the government from borrowing money, then it can't do as much harm...
  • Mike 2012/09/18 15:22:17
    Quantitative Easing is theft!
    Mike
    +1
    Obie has been doing the same thing since he's been in office. Yet he claims I'm for the middle class. Check your phone bill taxes - middle class my arse
  • Bevos 2012/09/16 10:33:30 (edited)
    Quantitative Easing is theft!
    Bevos
    +1
    If we don't get OWEbama out of that office soon, our lives won't be worth living!!! We are heading towards being a Third World Country and that is exactly what the COWARD-IN-CHIEF is after!!!
  • Mark Twain 2012/09/16 05:11:13
    Quantitative Easing is theft!
    Mark Twain
    +1
    Now Kir lets all sing together,,,,"It's only a paper moon,,,hanging over a cardboard sky, But its only make believe,,if you believe in Meeeee. Its only a cyber printing press,,, sturring up a digitized mess...But its only make believe,,,,cause you believed in Meeeee.
    Now sing to Bye Bye Miss AMERICA Pie...."I met a man who sang the blues,,I asked him for some happy news" " He smiled and turned to me and said,,Son you better buy some gold , silver and LEAD.
  • Pedalpusher 2012/09/16 04:38:03
    Quantitative Easing is theft!
    Pedalpusher
    +1
    Part of the CHANGE Obama promised everyone and he's hoping we don't figure it out till after he gets elected again. He's done nothing but devalued our money since he got in office! That's been his intent!
  • Maria 2012/09/16 01:44:31 (edited)
    Quantitative Easing is theft!
    Maria
    +2
    If we wanted something but couldn't afford it,we knew we had to make it ourselves, went to buy it or learn to do without it. Which is why I have serious problems with Barack Obama's entitlement and redistributing of wealth scheme..don't care what Marx the slacker

    preached. No man, woman,or child is entitled to benefit from the fruit of other man's labor--

    unless that worker decide to be charitable.

    Why do naked Marxist-Leninist politicians like Obama ostensibly take from the middle class to give to the rich and poor? Because they understand the power of a well-placed handout to buy off the people and to further their real socialist agenda-a cycle of dependency on the government from cradle to grave and to diminish the "bourgeoisie". the middle class..Make no mistake..

    This Marxist-leninist president is converting America into a socialist nation step by step, the same way Mao Zedong did it on the long March in China.

    This president is a revlutionary socialist.

    he's a naked Marxist-Leninist.

    these things because know what America talking about...
  • texasred 2012/09/15 21:25:29
    Quantitative Easing is theft!
    texasred
    +3
    FED MOVE WILL HELP WALL STREET, NOT MAIN STREET
    http://www.breitbart.com/Big-...

    And will also convince lots of stupid people that Obama is helping the economy.
  • shadow76 2012/09/15 20:38:20
    Quantitative Easing is theft!
    shadow76
    +3
    Ihave never liked Bernanke, I think he is a crook! No one should that kind of power!
  • Studied 2012/09/15 20:37:28
    Quantitative Easing is theft!
    Studied
    +2
    This is a blatant attempt to help Obama. And should Obama lose and the stock market crash over this, it will be blamed on the new president. This is an absolute insane move by the Fed and it is overdue to audit them.
  • Quantitative Easing is theft!
    ⚥Κόζμω Græme اليا Mongrain
    +2
    It's a Ponzi Sceme fueled by Schadenfreude.

    "Power Corrupts, Absolute Power Absolutely" - Thucydides
  • Gregaj7 2012/09/15 18:23:34
    Quantitative Easing is theft!
    Gregaj7
    +2
    Wealth-transference.
  • sbtbill Gregaj7 2012/09/15 19:28:36
    sbtbill
    +1
    We've been engaged with wealth transference from the bottom to the top for decades what wrong with a little the other way for a change?
  • Temlako... sbtbill 2012/09/15 19:35:04
    Temlakos~POTL~PWCM~JLA~☆
    Surprise. Quantitative easing does transfer wealth from bottom to top. Didn't you read the article?
  • sbtbill Temlako... 2012/09/15 19:53:50 (edited)
    sbtbill
    +1
    I don't agree that quantitative easing will transfer wealth from the bottom to the top. If it does do some inflation, which I doubt, it will benefit people with debt. Most of those are on the bottom. If it only reduces job loss it still benefits the bottom 99%. The most likely losers would be bond owners and people who hold mortgages or student loans. Again those are likely to be higher income people.Yes I know some retirees might be hurt a bit, too. However, if the COLA is changed the way Senator Sanders wants that should be minimized.
  • Studied sbtbill 2012/09/15 20:39:10
    Studied
    +1
    The only ones this will help are the banks and the stock market folks. What good is it to keep interest rates low when you cannot get approved for a loan. Wake Up!
  • sbtbill Studied 2012/09/15 20:51:39
    sbtbill
    +1
    Banks make money on loans. If they have more then they know what to do with they might make some.

    Obviously, this isn't the best way to do this. A better way would be to increase federal and state spending on roads, education, and other things that directly inject money into the economy. Heck the Federal government should do things like directly opening manufacturing facilities to make things we currently import. But that doing the right things will never get through the House let alone the Senate. This is the best we can get.
  • Studied sbtbill 2012/09/15 21:17:46
    Studied
    +1
    So you think the Government should own everything?
  • sbtbill Studied 2012/09/16 01:04:59
    sbtbill
    No just somethings.
  • Bevos sbtbill 2012/09/16 10:43:21
    Bevos
    YOU are DUMBER THAN DIRT
  • Pedalpu... sbtbill 2012/09/16 04:45:40
    Pedalpusher
    OMG Wake up!!!
  • Bevos sbtbill 2012/09/16 10:42:45
    Bevos
    No they don't. They just give each other BONUSES. THe PEOPLE ARE GETTING NOTHING!!!
  • Pedalpu... sbtbill 2012/09/16 04:44:08
    Pedalpusher
    How can making their dollar worth less and their food, goods and services cost more, not be taking away from them?
  • Bevos Pedalpu... 2012/09/16 10:44:28
    Bevos
    +1
    He can't grasp that idea. It is TOO much for him.
  • Pedalpu... Temlako... 2012/09/16 04:42:23
    Pedalpusher
    Also from the middle to the top!
  • Gregaj7 sbtbill 2012/09/15 20:20:05
    Gregaj7
    +1
    That's not the idea.
  • sbtbill Gregaj7 2012/09/15 20:47:19
    sbtbill
    +1
    I understand it's not the idea. I'm just asking what's wrong with transferring wealth from the top to the bottom?
  • Gregaj7 sbtbill 2012/09/15 22:09:20
    Gregaj7
    +1
    Cooperation of those at the top, regardless of how it is accomplished.
  • sbtbill Gregaj7 2012/09/16 01:06:03
    sbtbill
    Why would those at the top stop cooperating. Besides you need cooperation of those at the bottom too.
  • Gregaj7 sbtbill 2012/09/16 04:16:51
    Gregaj7
    +1
    You and I are clearly: A) Not on the same page, and maybe not in the same book or library; B) Therefore also not communicating on the same thought.
  • Pedalpu... Gregaj7 2012/09/16 04:47:46
  • Bevos Gregaj7 2012/09/16 10:46:02 (edited)
    Bevos
    Or same world!! He is an IDIOT!!
  • Pedalpu... sbtbill 2012/09/16 04:46:40
    Pedalpusher
    +1
    Problem is it's not!! Read the article!
  • T A sbtbill 2012/09/16 17:15:10
    T A
    +1
    Transferring wealth in from one person to another without consent is theft no matter the recipient. That is what is wrong with it.
  • sbtbill T A 2012/09/19 04:42:58
    sbtbill
    Why is transfering income up through tax credits not theft but transfering income is theft. Do you think the oil depletion allowance is theft?

    How about the subsidies Bain got or the subsidies the banks got?
  • T A sbtbill 2012/09/19 16:02:14
    T A
    +1
    Any time property is transferred without consent it's theft. Where it's allocated makes no difference.
  • T A sbtbill 2012/09/19 22:30:29 (edited)
    T A
    +1
    I get the feeling you didn't read what I wrote so much as decided to read something into it that wasn't said. Why did you do that?
  • mac9 2012/09/15 18:03:42
    Quantitative Easing is theft!
    mac9
    +1
    Audit the FED!
  • sbtbill 2012/09/15 17:47:07
    Quantitative easing: it's the right thing to do.
    sbtbill
    +1
    M1 is not the only measure of money. It is in fact rather old fashioned. Money also includes the spendable value of houses - way down Money also includes spendable credit also down.

    Private debt in this country and this world is way up. Unlike government debt it can not be monetized. It either has to be paid or released through bankruptcy or foreclosure. Much of it is probably unpayable.

    We know that incomes are down and real incomes are down more. That means less and less demand. Business can not sell it's products. That means high unemployment and eventually deflation to get rid of inventory. That makes private debt and government debt harder to pay off thus reigniting the cycle.

    What Bernanke is doing is trying to avoid this cycle. It will likely not be enough as government is cutting back everywhere. This reduction in demand will cause further layoffs, more personal bankruptcies, and more layoffs. We need governments to increase spending to increase demand.

    Private business will not do this. Private business needs profits. Profits only come from sales. No sales no production and no hiring. Rich people are not stupid they understand this. You don't hire someone unless you can make money off them or have to, to comply with some business need or regulation.
  • Bevos sbtbill 2012/09/16 10:56:08
    Bevos
    Government is cutting back? WHERE? Do you mean the teachers screaming for MORE money? THat cutting? They are Govt! Do you mean that OUTRAGEOUS Healthcare Law that is going to cost US up the ass? And grow Govt to much bigger than it was? That cutting? Or the wasting BILLIONS on green energy Co.s that can't run their business right that are going under and no matter how much OWEbama pumps into them, they go under anyway. THAT CUTTING? Sending money to Countries that are attacking us, no matter HOW MUCH the LOSER-IN-CHIEF pays them not to. THAT CUTTING??? What cutting are you talking about?
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