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Old 10-01-2019, 11:49 AM   #21
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radical new tools ????

Ctrl+print ........
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Old 01-16-2020, 09:14 AM   #22
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Quote :
...
The Federal Reserve’s low interest rates, the perception that there is a high bar to future increases and expansion of its balance sheet are helping to lift asset prices, Federal Reserve Bank of Dallas President Robert Kaplan said.

“All three of those actions are contributing to elevated risk-asset valuations,” Kaplan told Michael McKee in an interview Wednesday on Bloomberg Television. “And I think we ought to be sensitive to that.”
...
“My own view is it’s having some effect on risk assets,” Kaplan said. “It’s a derivative of QE when we buy bills and we inject more liquidity; it affects risk assets. This is why I say growth in the balance sheet is not free. There is a cost to it.”
...
https://www.bloomberg.com/news/artic...et-kaplan-says

A rare moment of honesty from a central banker. It's not part of the approved messaging, so Kaplan is going to suffer some consequences I'd imagine.
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Old 03-17-2020, 01:44 PM   #23
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Congress - Republicans in Congress no less - are now discussing the possibility of dropping helicopter money for the people. $1K per adult, $4k per 4 person family was last I heard being discussed.

Treasury Secretary Steve Mnuchin just gave a press conference wherein he said:
Quote :
... "Americans need cash now," Mnuchin said during a White House press briefing on the administration's latest efforts to combat the disease. ...
Hey Steve!

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Old 03-17-2020, 04:11 PM   #24
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fk me it doesnt stop there, Zoltan ( who seems to be the Guru they all turn to when it gets serious ) is effectively saying bail out everyone and everything !

https://www.zerohedge.com/markets/zo...ops+to+zero%29
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Old 03-18-2020, 01:04 PM   #25
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`

Apparently they are saying let them eat paper. I guess paper would still be more filling than cyber credits.

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Old 03-25-2020, 07:44 AM   #26
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In an attempt to help ease the burden of the coronavirus pandemic on Americans, Rep. Rashida Tlaib, D-Mich., released a plan last week for what is essentially a temporary universal basic income (UBI) that would be distributed to all individuals in the United States, including illegal immigrants, and be funded by the printing of two $1 trillion coins.

"Hey @realdonaldTrump, let's provide relief from this crisis for people by giving pre-loaded debit cards to every person in America," Tlaib tweeted over the weekend. "No additional debt -- we'll just mint two coins."

The plan, outlined on Tlaib's website, would send a debit card with $2,000 pre-loaded on it to every person in the U.S. and reload it with $1,000 every month "until one year after the end of the Coronavirus crisis."
...
https://www.foxnews.com/politics/tla...trillion-coins

The idea of the $1T platinum coins has been joked about for years. Now a member of Congress is serious about it. The world has gone crazy.
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Old 03-25-2020, 03:46 PM   #27
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wow !

"It's Safe!" - FDIC Urges Americans To Keep Their Money In The Banks

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The FDIC insists that there’s nothing to worry about.

That’s ridiculous. The FDIC only has $109 billion to insure the entire $13 trillion US banking system. That’s less than 1%!

The FDIC also insists that they’ve always been able to prevent depositors from losing money. “Not a single depositor has lost money since 1933.” And that’s true.
https://www.zerohedge.com/personal-f...ir-money-banks
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Old 03-25-2020, 03:58 PM   #28
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FDIC was close to testing that back in 2008 when all the banks were failing at the same time. Depositor's didn't lose their money, but taxpayers did. Also, they've changed the rules since then...
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