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To my knowledge the Fed has not bought individual mortgages. During the financial crisis of 2007-9 they did buy Securitized mortgages, MBS from Banks that were oterwise solvent. This saved solvent banks when the market for MBS froze and the lack of price discovery in the MBS market meant they...

That's exactly right! Those nations that only issue so-called "debt" instruments denominated only in their own currencies have no real debt because, as you correctly point out, they can print their way out of debt. You could do this, had you a money printing machine in your basement. Sadly you...

Unfortunately there is a mistake in the third sentence of my post above: replace "inside" with "outside". Outside money is the money printed by Congress via the Fed as their agent. Inside money is the temporary money created by fractional reserve banking, i.e., "credit". Credit is by far the...

;) We know that's got to be true, as proven by Russia recent bond default, when paid creditors in Rubles (more correctly called "rubbles" :D) using their own "Trumped-up" valuation, although they were obligated to pay in dollars! Their U.S. dollar reserve account had been frozen. As a matter...

Why so much obviously false nonsense from you? Why persist, it only makes you look foolish. Unvaccinated Man Almost Killed by COVID Regrets Not ... https://www.newsweek.com › ... › Viruses › Georgia Jan 31, 2022 — An unvaccinated Georgia man has said he regrets not getting his COVID-19 shots...

The above quote was in response to an ExGOPer post, but, as I have your best interests at heart, I will weigh in here with very good advice for you: May I suggest you do what Donald Trump did, and get vaccinated with a full course of mRNA, Covid-19 vaccine. And do it as soon as possible. Trump...

I must profoundly disagree with this remark of yours, as I have been surrounded by exceptions to it all my life. The pattern is often broken. All we need for a pattern to exist is our empirical observation of what seems to happen most of the time.

We need high speed rail. Better in a blizzard.

It is a good article and thought provoking, though I find myself in disagreement with its sentiment. It seems the differences are not so much between political parties as among the specific wars. The Democrats appear more discerning than they are being given credit for. When confronted with...

I'm sure you read Bennie Thompson's letter. It's not obvious, however, that you understood why the subpoena was being withdrawn. I am going to guess that Jack Smith's upcoming subpoena will be neither ignored nor withdrawn.

That's funny, but actually these things are tightly controlled and the accounting is in the public domain, though portions may see delayed release. It would be hard for the Fed's finger to linger too long on the printer's on button without getting caught. The Treasury might like it though. It...

Just so you'll know. The Fed has nothing to do with deciding how much new money is created. That's entirely up to Congress.

Most people who post here are not idiots. Your wasting your time.

Have you considered hormones as a possible cause?

You're in a battle with your psyche. I'm OK with that.

Let's not be get hung up on Trump's failures, few as there are. Lets look at some of his greatest successes, like when he succeeded in moving Hurricane Dorian from Florida to Alabama saving the East Coast. He did it with a Sharpee. Nobody's ever seen anything like that before! That was a...

That's funny. The same damn thing happened when he tried to get Mexico to pay for his wall. Mexico wanted to pay for the Wall, but the Democratic leadership rejected it. I know this is true because I read it on Zerohedge.

Thanks for responding to my post, although I didn't mention specifically any of those societal problems you've brought up. The problems I mentioned are ones that do have workable solutions that have been implemented in countries other than the U.S.

I doubt it. Trump is a lot smarter than you give him credit for. Had he had his way, as you say, he would have filled the SPR to the brim and Mexico would pay for it. It would have been something "we've never seen before" and "the greatest achievement of any American President, well maybe...

A majority of people know how to significantly reduce poverty caused by such things as unwanted pregnancies, high cost of education and medical care, poor child nutrition, poor education and/or job training, etc., because our highly developed, sister countries have shown us how. So these are...