25 million to lose $600 enhanced unemployment...So they say....

[NoahA]

It's foreign holders, myself included that are keeping the dollar inflation low. It's starting to look bad, USD is not performing well against anything it seems.

I think this is exactly what they want. Trump doesn't want a strong dollar. The only problem is that once it starts to slide, can they get it to stop in the sweet spot? Of course this is far away, but I reckon it will one day get out of control.

 

[virtusa]

Things can go a bit in imbalance, but if you get over the limit, the boat will tip over and sink. Overprinting comes at a price.

Getting over the tip is like Covid-19, it happens but in the beginning nobody feels it, it looks like it is not there. But when you finally feel it, it will be difficult to reverse the situation.

 

[jcgrey87]

I dunno. As someone who likes the little pleasures in life I think cutting things like coffee and pizza is not that great

 

[newwurldmn]

Good. A vast quantity of them are using it as a paycheck and refusing to work because of it. This has actually hurt small businesses whose employees dont want to come back to work because of it. Why should taxpayers continue supporting these lazy people?

I think 90percent of the stimulus package created this behavior.

 

[Sig]

Here's the deal. Inflation is supposed to be a measure of growth since it's associated with economic output. Theoretically, when the economy is growing, money is flowing into the hands of consumers and so it will increase aggregate demand. Demand increases push prices up unless there is a commensurate increase in supply, according to the theories.

Basically, as the cost of financing gets cheaper, projects which were previously not profitable become profitable, and business plans which were not feasible become credit worthy. This results in the creation of credit and therefore increase in the money supply.

The Fed will call this 'accommodative policy' (pursuing the dual mandate).

The problem is that money is essentially a commodity that the central banks control, kind of like OPEC wants to control the price of oil. All the banks agree to suppress rates, make money cheap, and induce actors within the economy to take risks. Then they all basically fix the exchange rates so none of the currencies blow up. It's a dirty game.

The problem is the money is just driving index returns and pumping unsustainable bubbles in risk assets. This creates moral hazard because everybody knows the banks will just bail everyone out when the shit hits the fan.

It's such sure thing even Bill Ackman can make it work.

(more specific to the phrased question, Zimbabwe and Venezuela were never part of the global banking cartel that runs shit.)

Agree with all except the fixing of exchange rates. Central banks can certainly influence exchange rates by the interest rates they set, but fixing them is enormously difficult as many a country has found over the past 50 years when their currency pegs failed disastrously.

 

[tomtr27]

Do you have full employment in the United States ? Or are all your unemployed too lazy ? Or is it due to the unjust Giral Money?

Translated with pons

 

[snowman80]

cap total weekly unemployment @ $500 and run it through jan/feb of next year

they aint stopping that given current state of affairs

live with it

 

[Cuddles]

It's foreign holders, myself included that are keeping the dollar inflation low. It's starting to look bad, USD is not performing well against anything it seems.

What are you pairing against?

 

[yogi_trader]

Good. A vast quantity of them are using it as a paycheck and refusing to work because of it. This has actually hurt small businesses whose employees dont want to come back to work because of it. Why should taxpayers continue supporting these lazy people?

Pay these people for an entire year and it may just maybe match the amount of PPP loans that were forgivable, not to mention the bond buying by the fed that helped plenty of peoples 401k.

 

[Bugsy]

Pay these people for an entire year and it may just maybe match the amount of PPP loans that were forgivable, not to mention the bond buying by the fed that helped plenty of peoples 401k.

At least the PPP businesses provide actual employment and the 401k people are actually working.