Yellen: $20 trillion national debt 'should keep people awake at night'...what does she know....

[Sig]

I'm in, although you've forgotten my fav subject, @Sig... We will also need to discuss that Britney Spears is actually an extraterrestrial alien.

Well that goes without saying, I mean she wrote a song called Alien so what more evidence does the world need?

 

[Sig]

That's as much a conspiracy as the Christian requirement of "spreading the word of our Lord and savior".

Gotta love religious fundamentalist zealots who try to convince us that every other religion's fundamentalists are zealots, amazing lack of self awareness! Proselytizing is pretty much a core tenant of most religions that have lasted more than one generation, kind of by definition.

 

[volpri]

The premise of this thread is that it's the Fed's fault that we have a large national debt and somehow the lack of a firm debt ceiling is also to blame, not the congress and president who authorized the spending that incurred. That's an idiotic position borne out of profound ignorance, and nothing said here supports it.
The reason the Fed lowers interest rates and the impact they expect to have on the economy are no mystery, they're plainly spelled out in the fed meeting minutes. You have read those, right? If you had read them, you'd realize that again, you have the causality upside down. It may very well be that in a specific situation the debt generated by congress and the president causes the economy to slow down and the Fed lowers interest rates in response to that slowing economy. I'm not sure we have a case of that yet, but even if we had that in no way means the Fed caused the debt. It's especially rich that you all are arguing about the Fed causing our debt while we have a Congress and President as we speak trying to add trillions to the debt. Where's your outrage about that?
We could have an interesting discussion about enablers. If you were arguing that the Fed is like an enabler in a relationship with an addict you might have a point. But again with another analogy, the addict is the addict, not the enabler, and the rant that started this post is unquestionably unsupportable.

ROFLMAO! It was the last administration and it's poluticians that ADDED trillions to the debt. ROFLMAO.

 

[Sig]

ROFLMAO! It was the last administration and it's poluticians that ADDED trillions to the debt. ROFLMAO.

I'm glad we agree with the only point I'm trying to make here, that neither the Fed or lack of a debt ceiling create debt, congress and the President do. Not sure why that would have you rolling on the floor laughing though, you really need to get out more.

 

[volpri]

Actually 4 things create it.

1) The citizens with their greed and incessant demands to el presidente and congress.

2) el poluticians with their endless greed and selling out for votes.

3) el corporations with their incessant greed and lobbying congress.

4) los presidentes and their agendas

The spineless congress, citizens, presidente, corporations in hunt for every last $... allow it all..actually desire it..contrary to what they all claim.

The Fed is happy to accomodate and put all four in the wringer to wring out every last $ they can. Again greed.

ROFLMAO again and again. Did you get your slice of the pie this morning as market dropped rather swiftly? Again greed!

 

[volpri]

What is better capitalism with greed on EVERY corner, nook and cranny or socialism with massive greed at the top levels?

 

[volpri]

Bulls are trying to push market back up but bears are pushing back. We are are stalled at the moment. The bears on the right side this morning are licking their chops for more. The bulls are saying "you bunch of greedy scumbags we gonna stop you". It is a tug of war until one side capitulates. What side are you on? ROFLMAO. I LEAN SLIGHTLY TOWARDS THE BEARS FOR A PUSH BACK DOWN. BUT THE BULLS ARE PISSED SO WE DON'T really know yet.

 

[Sig]

Bulls are trying to push market back up but bears are pushing back. We are are stalled at the moment. The bears on the right side this morning are licking their chops for more. The bulls are saying "you bunch of greedy scumbags we gonna stop you". It is a tug of war until one side capitulates. What side are you on? ROFLMAO. I LEAN SLIGHTLY TOWARDS THE BEARS FOR A PUSH BACK DOWN. BUT THE BULLS ARE PISSED SO WE DON'T really know yet.

Dude, pretty sure ROFLMAO doesn't mean what you think it means. Your posts are incoherent enough without adding that in there!

 

[maler]

If you were arguing that the Fed is like an enabler in a relationship with an addict you might have a point.

Does the fact that the addict pays with grandma's wallet without her knowing have any bearing on the situation?

 

[yiehom]

All the wars past, present and to come around the globe must be financed somehow.
First stop looking at the world as if its prime reason for existence is for you to lay bombs.