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#191
Mar 12 2020 02:27pm
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#192
Mar 12 2020 02:28pm
Quote (Djunior @ Mar 12 2020 03:25pm)
Hah, you're only proving my point. Living has become more expensive because financial "products" made it possible for people to keep up with the price creep so to speak. Housing market is a great example. If you want to buy a house you need a mortgage. If interest is high then most working people cannot afford to buy a house unless they save up. Enter the world of financial products and lowered interest rates that make it possible for people to buy their own home without saving up. But wait, housing prices go up ^^ Wait, the solution is lowered interest rates or another financial product that somehow magically ensures the mortgage. And so on


and the chicken came before the egg.

consumers react to bank behavior, which reacts to consumers.

automation caused workers to stop getting raises, and started eggs and chickens all at once.
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#193
Mar 12 2020 02:29pm
Quote (thesnipa @ Mar 12 2020 09:27pm)
https://i.imgflip.com/3sclpt.jpg


Don't forget, border wall is declared a national emergency. Corona is not.
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#194
Mar 12 2020 02:31pm
Quote (balrog66 @ Mar 12 2020 03:29pm)
Don't forget, border wall is declared a national emergency. Corona is not.


dont be jealous that Trump foresaw Corona in 2015 and predicted it would come from mexico. :rofl:
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#195
Mar 12 2020 02:35pm
Quote (thesnipa @ Mar 12 2020 09:31pm)
dont be jealous that Trump foresaw Corona in 2015 and predicted it would come from mexico. :rofl:


It gets across the border bottled, ready to be distributed amongst unknowing Americans!
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#196
Mar 12 2020 02:36pm
Quote (balrog66 @ Mar 12 2020 03:35pm)
It gets across the border bottled, ready to be distributed amongst unknowing Americans!


thanks MS13!
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#197
Mar 12 2020 02:36pm
Quote (thesnipa @ Mar 12 2020 09:28pm)
and the chicken came before the egg.

consumers react to bank behavior, which reacts to consumers.

automation caused workers to stop getting raises, and started eggs and chickens all at once.


Don't worry we have central banks to fix everything. Fed intervention will see up to 1.5 trillion pumped into the market. This is money that doesn't exist, nobody worked for it, there is no gold in the safe to back it. https://www.cnbc.com/2020/03/12/fed-to-pump-more-than-500-billion-into-short-term-bank-funding-expand-types-of-security-purchases.html

You're wrong bud, it's no chicken nor egg, it's the financial system (central banks) undermining the system.
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#198
Mar 12 2020 02:43pm
Quote (inkanddagger @ Mar 12 2020 03:02pm)
Welcome to socialism my friend! Just as Marx predicted 153 years ago.


Capitalism didn't give us 23 trillion in debt. Petrodollar hegemony after the end of Bretton Woods did.
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#199
Mar 12 2020 02:49pm
Quote (Santara @ Mar 12 2020 03:43pm)
Capitalism didn't give us 23 trillion in debt. Petrodollar hegemony after the end of Bretton Woods did.


In a capitalist system the Rich will always push for advantage.
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#200
Mar 12 2020 02:59pm
Quote (Djunior @ Mar 12 2020 03:36pm)
Don't worry we have central banks to fix everything. Fed intervention will see up to 1.5 trillion pumped into the market. This is money that doesn't exist, nobody worked for it, there is no gold in the safe to back it. https://www.cnbc.com/2020/03/12/fed-to-pump-more-than-500-billion-into-short-term-bank-funding-expand-types-of-security-purchases.html

You're wrong bud, it's no chicken nor egg, it's the financial system (central banks) undermining the system.


i didnt realize picking just one factor was an option. id certainly place the lion's share of the blame on the central banks if that is. and i got the impression from your posts if you were to do the same you'd place it on consumers, rather than the fed/banks.

i think honestly we're almost entirely in agreement after reading this post.
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