economics 101: "quantitative easing" explained?

  • rnch

    Posts: 11524

    Nov 21, 2010 3:45 PM GMT
    comments??

    [b] http://www.youtube.com/watch?v=PTUY16CkS-k [b]
  • rnch

    Posts: 11524

    Nov 21, 2010 3:59 PM GMT
    can't "link the link".

    how about someone fixing it for me?

    tks.
  • Posted by a hidden member.
    Log in to view his profile

    Nov 21, 2010 5:10 PM GMT
    http://www.youtube.com/watch?v=PTUY16CkS-k


    It's dead-on. The Bernank will cause a hyperinflation.
  • Posted by a hidden member.
    Log in to view his profile

    Nov 21, 2010 5:14 PM GMT
    How about embedding.
  • Posted by a hidden member.
    Log in to view his profile

    Nov 21, 2010 5:34 PM GMT
    She:"How does the Fed execute the 'quantitative easing' ?"
    He:"Well, they print the money and then buy the Treasury Bonds"
    She:"Do they buy the Treasury Bonds from the Treasury Department?"
    He: "No, they buy the Treasury Bonds from The Goldman Sachs"
    She "You must be shitting me!"
    He: "No."
    She: "So let me get this straight.If I want to buy the Treasury Bonds with my money I can buy them from the Treasury?"
    He: "Yes."
    She: "But if The Ben Bernake wants to buy the Treasury Bonds using the American People's money, he does not buy them from the Treasury, he buys them from The Goldman Sachs??"
    He:"Exactly."
    She: "And does The Goldman Sachs give them a good price?"
    He: "Of course not! They are The Goldman Sachs. They make their money ripping off the American People!"
    (Later)
    She: "And who is running the New York Fed?"
    He:" The guy running the New York Fed used to be a partner at The Goldman Sachs."
    She: "So the guy in charge of the peoples money when dealing with The Goldman Sachs used to be a partner at The Goldman Sachs??"
    He: "Yes."
    She: "And nobody has a problem with this?"
    He: "Apparently not.'
    She:"Is this an episode of The Twilight Zone??"
    (later)
    He: "Most economists around the world think the 'quantitative easing' is very dangerous"
    She: "Does anybody think it is a good idea?"
    He: "Yes, the people at The Goldman Sachs..."
  • rnch

    Posts: 11524

    Nov 21, 2010 6:39 PM GMT
    i dunno if i should LOL over this or get mad over it. icon_confused.gif
  • Posted by a hidden member.
    Log in to view his profile

    Nov 23, 2010 4:50 PM GMT
    Since in the never-ending world of Government Speak this is being referred to by it's shorthand as "QE 2"....(Quantitative Easing 2) it reminds me more of The Titantic...and about as likely to sink the economy.icon_rolleyes.gif
    Except for "The Goldman-Sachs"!


    Can't "The Bernake" be sued for malfeasance of office by not getting the best value for the American People's money by going directly to the Treasury instead of enriching brokers???
    Webster's defines it thus:


    mal·fea·sance
       /mælˈfizəns/ [mal-fee-zuhns]
    noun Law.
    the performance by a public official of an act that is legally unjustified, harmful, or contrary to law; wrongdoing (used esp. of an act in violation of a public trust).
  • swimbikerun

    Posts: 2835

    Nov 23, 2010 4:58 PM GMT
    Watch, nobody is going to do anything about it.

    ...


    See? Told you so!
  • Posted by a hidden member.
    Log in to view his profile

    Nov 23, 2010 5:11 PM GMT
    Inflation here we come.