Buchanan Defends the Tea Party

[jem]

Just think about what a joke convertibility is...
he tried to put down Republican brains because they associate QE with printing money.


http://useconomy.about.com/od/monetarypolicy/f/fed_monetizing_debt.htm

Answer: The Federal Reserve monetizes debt anytime it buys U.S. Treasuries. When the Federal Reserve buys these Treasuries, it doesn't actually have to print money to buy them. It issues a credit, and puts the Treasuries on its balance sheet. Everyone treats the credit just like money, even though no actual cash is printed.
The Fed doesn't buy Treasuries directly at auction. Instead, it purchases them from its member banks. It actually does this through an office at the Federal Reserve Bank of New York.

 

[fhl]

Quote from Covertibility:

There is no money printing with QE. Why can't the republican mind understand this?

I'm disappointed it was a Hitlerfree column.

hey, that comment was right up there with the liberal notion that all we need to do is pay one guy to dig holes and another guy to fill them up to stimulate gdp. The demand model that liberals love.

Ten to one that you are a faggot.

 

[denner]

Quote from fhl:

hey, that comment was right up there with the liberal notion that all we need to do is pay one guy to dig holes and another guy to fill them up to stimulate gdp. The demand model that liberals love.

Ten to one that you are a faggot.

"Housing Rolling Along" is in reference to a thread this asshat started at the peak of the real estate bubble.

Yep, you guessed it. The leftist schmuck was cheerleading prices higher presumably because he is another one of these "do as I say, not as I do", holier than thou twats.

 

[denner]

Quote from Lucrum:

Ben Bernanke says there IS money printing with QE. But then how would he know?

He and his good buddy Ricter cheerlead inflation, currency debasement and the crushing of the middle class...but at the same time they extol all of their usual Marxist rhetoric about the "plight" of the underpriveledged or the "class struggle".

Meanwhile, Ricter is busy sucking Krugman's dick every day in support of these very same policies that further entrench the "rentier class" as he likes to call it.

Maybe Ricter should bring Covertibility to a couple of AA meetings. The two of them combined couldn't screw in a lightbulb.

 

[Covertibility]

Oh boy, the dimwits are out. It's the reserves kids, really.

They don't call them the Party of the Stupid for nothing.

 

[Covertibility]

Quote from denner:

"Housing Rolling Along" is in reference to a thread this asshat started at the peak of the real estate bubble.

Yep, you guessed it. The leftist schmuck was cheerleading prices higher presumably because he is another one of these "do as I say, not as I do", holier than thou twats.

It wasn't started at the peak, it started when I first got here in 2003. And every day of every week of every year you clowns cried top and were utterly wrong. And there was that "sell" post at the top. Facts and reality are still foreign to the republican mind.

 

[denner]

Quote from Covertibility:

Oh boy, the dimwits are out. It's the reserves kids, really.

They don't them the Party of the Stupid for nothing.

"They don't them"? "the Party of the Stupid"

English as a foreign language?

 

[denner]

Quote from Covertibility:

It wasn't started at the peak, it started when I first got here in 2003. And every day of every week of every year you clowns cried top and were utterly wrong. And there was post that said "sell" at the top. Facts and reality are still foreign to the republican mind.

Like a true commie shitbag, just edit history to support the narrative.

 

[Covertibility]

Quote from denner:

Like a true commie shitbag, just edit history to support the narrative.

No editing, even the DR Horton double is there.

Markets are too difficult for some people.

 

[Ricter]

Quote from jem:

Just think about what a joke convertibility is...
he tried to put down Republican brains because they associate QE with printing money.


http://useconomy.about.com/od/monetarypolicy/f/fed_monetizing_debt.htm

Answer: The Federal Reserve monetizes debt anytime it buys U.S. Treasuries. When the Federal Reserve buys these Treasuries, it doesn't actually have to print money to buy them. It issues a credit, and puts the Treasuries on its balance sheet. Everyone treats the credit just like money, even though no actual cash is printed.

So he's right, there is no money printing with QE.