Germany must be forced out of the Euro Monetary Union.

[piezoe]

Hey, pie.
That article that was referenced at wiki about qe says in the first paragraph that the goal of qe is to increase money supply and then later in the body of the article its says that one of the federal reserve governors is quoted as saying it is monetizing the debt.

So we have wiki and a federal reserve gov and portfolio managers and investors and short term traders and ET denizens all calling it printing and monetizing.

And on the other side we've got a writer from bloomberg, who probably has a degree in journalism, saying it's not.

Guess which one piezoe considers to be the authoritative source.

QE can be used to increase the supply of money balanced against debt. But not directly. In the present example the money went essentially two places -- into bank reserves (money in reserves , by definition, is not in circulation), and into the Treasury to be used to fund various economic stimula. In the later case the inflationary effect was balanced by the recession to an extent that negligible net inflation resulted. Do not forget that QE is a reversible process, whereas actual money printing is not (well, I suppose you could burn the money you print. THAT would reverse it .)

Two things I could suggest: one is to read the entire Wiki article, carefully, the other is to read Thomas Piketty's nice book.

 

[volpunter]

are you kidding yourself? "None of the debt will be repaid" and "what cannot be repaid, wont". Are you serious? So you are telling us that for over 100 pages you are basically saying "what will happen will happen". You are not even slick you are just plain dumb and are too arrogant to admit it. Lol, what a joker.

Please show me one single post where I said none of the debt could be repaid. This will be the fourth time you've been asked for something and won't be able to produce it, but let's see if you can find something.



"What cannot be repaid, won't." That's what I keep saying. I looked long and hard, but can't see the "none" in there at all. Maybe it's invisible?



I don't shoot everyone down. You need to stop confusing me with your tactics.



Once again, you're paint an awesome self-portrait here!







I post all sides. Just because you don't like the articles, doesn't make them worthless. Your view, mein König, is not the only one for the rest of us.

 

[volpunter]

omg, you did not know the Fed literally burns cash it extracts from the system? Of course is money printing as reversible as is the identical money printing via QE. How delusional are you two kingpins of slippery debate really?

QE can be used to increase the supply of money. But not directly. In the present example the money went essentially two places -- into bank reserves (money in reserves , by definition, is not in circulation), and into the Treasury to be used to fund various economic stimula. In the later case the inflationary effect was balanced by the recession to an extent that negligible net inflation resulted. Do not forget that QE is a reversible process, whereas actual money printing is not (well, I suppose you could burn the money you print, THAT would reverse it .)

Two things I could suggest: one is to read the entire Wiki article, carefully, the other is to read Thomas Piketty's nice book.

 

[Tsing Tao]

are you kidding yourself? "None of the debt will be repaid" and "what cannot be repaid, wont". Are you serious? So you are telling us that for over 100 pages you are basically saying "what will happen will happen". You are not even slick you are just plain dumb and are too arrogant to admit it. Lol, what a joker.

What cannot be repaid, won't. It simply means that the country has no ability to pay back it's debt as currently structured. Said another way (because you need things broken down) the entire debt as it is structured is unserviceable in it's current situation. Could pieces be paid back? Of course. Only a jackass like you thinks I meant otherwise.

 

[Tsing Tao]

omg, you did not know the Fed literally burns cash it extracts from the system? Of course is money printing as reversible as is the identical money printing via QE. How delusional are you two kingpins of slippery debate really?

The Angry Man making friends.

 

[volpunter]

Yeah and every kid knows that someone with a million dollar in debt most likely has the ability to repay at least a cent. You basically added zero value for many months which puts you in square territory as marketsurfer. I would not even be surprised if you two were one and the same. What a useless BS you are disseminating.

What cannot be repaid, won't. It simply means that the country has no ability to pay back it's debt as currently structured. Said another way (because you need things broken down) the entire debt as it is structured is unserviceable in it's current situation. Could pieces be paid back? Of course. Only a jackass like you thinks I meant otherwise.

 

[Tsing Tao]

Yeah and every kid knows that someone with a million dollar in debt most likely has the ability to repay at least a cent. You basically added zero value for many months which puts you in square territory as marketsurfer. I would not even be surprised if you two were one and the same. What a useless BS you are disseminating.

If it was so obvious, then why did you pretend I was saying otherwise? Seems like the useless BS comes from you. In fact, all the insults you throw my way seem to be you "projecting". But that's ok. Continue projecting. I'm having a blast making you look like a monkey.

 

[volpunter]

I was hoping until the end you actually took a stance or held an intelligent opinion. I erred. My sincere apologies. I won't err again.

If it was so obvious, then why did you pretend I was saying otherwise? Seems like the useless BS comes from you. In fact, all the insults you throw my way seem to be you "projecting". But that's ok. Continue projecting. I'm having a blast making you look like a monkey.

 

[Tsing Tao]

I was hoping until the end you actually took a stance or held an intelligent opinion. I erred. My sincere apologies. I won't err again.

You err all the time. It's a blast watching it occur in real-time.

 

[d08]

I don't know if being near enough landlocked has made the german people this way but no one in the uk really gives a dam about the german economy never mind beating it, when you only have fish for immediate neighbors rthe ego can cool it a bit(y)

Is that why English TV channels produce documentaries talking about the German economy?