The Fed may have to do more to calm the stress in the short-term lending market | Crypto Craft

  • The Fed may have to do more to calm the stress in the short-term lending market

    From cnbc.com

    Federal Reserve Chairman Jerome Powell is expected to say the Fed will do whatever it takes to keep short-term funding markets calm, but he is not yet likely to have a longer term solution for recent stress in the market. Market pros say it’s possible the Fed may ultimately have to expand its balance sheet even more through a new quantitative easing program, in addition to steps it’s already taken. It also is expected to make a permanent, standing repo operation, instead of just temporary ones. Powell speaks to the press at the end of the Fed’s two-day meeting Wednesday afternoon, and it’s unclear whether the ... (full story)

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TudorIoan
Oct 29, 2019 9:30am
Permalink
Quoting Not-KPMG
Quantitative easing everyone!!! Free money coming, thanks to Fed, Trump, etc
Crying, wah-wah, the infamous Fed, whining, bla-blaaa, bu-baaaa, , you ...loser mindset!

...bitcoin limited supply doesn't mean a thing!
It's an illusion, it doesn't guarantee anything!
It even could make things worse, deflationary spiral it's a horror even worse than hyperinflation !
It's nothing wrong with the QE and the monetary policy, it's how the free market is kept in check to mitigate the ineherent peaks and throughs of the capitalist economies, you illiterate crypto shill!
Reply
TudorIoan
Oct 29, 2019 10:25am
Permalink
Quoting Skracor247
{quote} I won't defend bitcoin, blockchain has inherent flaws that disallow it from becoming widely implemented. I do think an electronic currency will supplant the dollar as the world reserve currency one day. What exactly that currency is I think remains to be seen. I do wonder though if you think the laws of Supply/Demand apply to currencies in general? I happen to be of the opinion that CBs do not mitigate the peaks and troughs but make them worse, as admitted by one of the most famous central bankers, Alan Greenspan. Since the supply of a currency...
Greenspan was a decrepit idiot and a crook, but that doesn't disqualifies the system... forget it, i'm not gonna debate it here... next to the monetary policies, the crypto ecosystem of the crypto-hippie cult freak of the Craig-McAfee-Not-KPMG looks like a filthy Marxist utopia! ...all populistic sophisms and fallacies!
Ok, you may have your opinion ...and I'll stop here. Be happy!
Reply
Not-KPMG
Oct 29, 2019 4:56pm
Permalink
Quoting Skracor247
I genuinely enjoy talking with you....

.. To Profit from crisis they created ...supply of...?
I genuinely enjoy your naive and friendly approach
👍👍👍
You don't know Tudor.... yet 😱😱😨😨😨😨😨😨

Second - bankers only target is to make profit.
Whether it's by printing quadrazillions $$€€££ or eating puppies alive, they will do it.!!!!
And they'll laugh....
Freddie Mac, Fanny May.....
So your last question is reaaaaaly rhetorical 🙉🙉🙉
Banks 😱😱😱😱👎👎👎👎
Reply
Not-KPMG
Oct 29, 2019 5:01pm
Permalink
Quoting Skracor247
{quote} Free money for banks... Paid for by everyone holding dollars. More wealth transfer...
That's what i meant.
Bankers, defense contractors, Trumpy, next fatso will profit immensely.
Think housing, stock bubble 😱😱💰💰💰💰

So yes, i was ironic ..... But as you know i hold bitcoin etc so these tremendous new amounts of QE and free $$$$ will trickle into my pocket .💰💰😉😉😉

Financial crisis of 2008 directly started bitcoin .👏👏👏😱😱👏 at 0.01 dollars .

And look where we're now?
Next crisis. 😭😭😭😭
Bitcoin $$9430. 🙉🙉🙉

Just imagine next 5 years. 😱👍👍👍👍👍👏👏👏
Reply
Not-KPMG
Oct 29, 2019 5:08pm
Permalink
Quoting Skracor247
} I won't defend bitcoin, blockchain has inherent flaws that disallow it from becoming widely implemented....

... think an electronic currency will supplant the dollar as the world reserve...
Two mistakes man.
Or three.

1. Tell people of these flaws, so we can laugh. We = 10 or 30 million bitcoin holders.
😱😂😂😂😂

2. Short it.
Short right now at 9433 and you'll be millionaire 😉😉😉😉
Or will you 😨😨😨😨😨😨

3. Electronic currency?? What's that???? Ohhhh fiat money transferred in electronic way.
😱😱😱😱
Bitcoin is DIGITAL MONEY or humbly DIGITAL Gold

Anyway, i made my stance clear.

Our thread is:

https://www.cryptocraft.com/showthread.php?p=12586555#post12586555

Where INTELLIGENT discussion, on each argument or side is encouraged.
And tons of info there 👏👏👏👏
Reply
TudorIoan
Oct 30, 2019 1:22am — Edited
Permalink
There are even smarter guys then you, you the casual conspirationists!
Here's for you, join the filthy Marxist club, or the crypto-hippie cult !
...Here's more of those populistic anti-system sophisms and fallacies for you Mediocre-Not-KPMG-Anti-System and dear scarecrow! ...from Fed ...eheh, sorry, Ted
Liars, losers mindset, this Nick Hanauer should go for a priest maybe, not a top 0.01% shark! ...sorry, cohen, not priest
Oh yeah, sure, of course I'm a 'selfish jerk'!

And what are "the new economics" if the current system suck???
The cryptocurrencies ?!? ...!
Do you know what is a deflationist spiral in the first place to argue for a fixed limited money supply ?!?
Inserted Video
Reply
TudorIoan
Oct 30, 2019 10:03am
Permalink
Quoting Skracor247
{quote} Ha! I wonder if you purposely misunderstand me??? I am not will not ever be a Marxist nor Cryptofreak... Yes! I do understand what a Deflationary spiral is... Just because I think something WILL happen doesn't mean I want it to. I don't want Cryptocurrencies nor Fiat Currencies. I don't want a fixed limited money supply. I just might be a conspiracy theorist... But, did you know they uncover conspiracies as true all the time? If I had told you 20years ago Bernie Madoff was running a Ponzi scheme you would have called me a conspiracy theorist....
Haha, thnks for your extensive ansewr
Sorry, I was sliping on the wave...
QE, yes, ok, do you see any other solution to keep in check the ineherent peaks and throughs of the capitalist economies ?
BTW, the Great Depression in the thirties, when the deflationist spiral impoloded in a black whole, the Fed couldn't print too much money because they were being stopped by the gold standard limits ...many experts are saying that a well balanced QE among other measures would have been extremely positive and save that crisis... we can debate that for years, I am really stoping here.
Reply
Skracor247
Oct 29, 2019 8:48am
Permalink
Quoting Not-KPMG
Quantitative easing everyone!!! Free money coming, thanks to Fed, Trump, etc
Free money for banks... Paid for by everyone holding dollars.

More wealth transfer...
Reply
Skracor247
Oct 29, 2019 10:18am
Permalink
Quoting TudorIoan
{quote}Crying, wah-wah, the infamous Fed, whining, bla-blaaa, bu-baaaa, , you ...loser mindset! ...bitcoin limited supply doesn't mean a thing! It's an illusion, it doesn't guarantee anything! It even could make things worse, deflationary spiral it's a horror even worse than hyperinflation ! It's nothing wrong with the QE and the monetary policy, it's how the free market is kept in check to mitigate the ineherent peaks and throughs of the capitalist economies, you illiterate crypto shill!
I won't defend bitcoin, blockchain has inherent flaws that disallow it from becoming widely implemented. I do think an electronic currency will supplant the dollar as the world reserve currency one day. What exactly that currency is I think remains to be seen.

I do wonder though if you think the laws of Supply/Demand apply to currencies in general? I happen to be of the opinion that CBs do not mitigate the peaks and troughs but make them worse, as admitted by one of the most famous central bankers, Alan Greenspan. Since the supply of a currency is tightly controlled by flawed people their mistakes have disastrous effects on economies.
Reply
Skracor247
Oct 29, 2019 10:54am
Permalink
Quoting TudorIoan
{quote} Greenspan was a decrepit idiot and a crook, but that doesn't disqualifies the system... forget it, i'm not gonna debate it here... next to the monetary policies, the crypto ecosystem of the crypto-hippie cult freak of the Craig-McAfee-Not-KPMG looks like a filthy Marxist utopia! ...all populistic sophisms and fallacies! Ok, you may have your opinion ...and I'll stop here. Be happy!
I genuinely enjoy talking with you. I like to hear opposing ideas so that I can weigh all sides of an argument.

I wouldn't think of condemning a system based on the actions/words of just one person. I did, however, do some historical research into the origins of the Central Banking system. Ever hear of Meyer Amshel Rothschild? If not he is the father of central banking. He and his family routinely profited from war and crises. It was exactly the Rothshild family that set up the European and British central banks and indirectly the Federal Reserve. Weird that one family should have so much influence over currency supply, no?

So the other thing that bothers me is that when the FED prints money they lend it not only to the US Gov, but also to the banks that are their direct shareholders. They also 'bailout' banks that they deem 'too big to fail'. Shouldn't all corporations be held accountable for their actions?

Would it be possible to create a crisis you can profit from if you control the supply of a currency?

Only a few of a multitude of questions that I have...
Reply
Skracor247
Oct 30, 2019 9:35am
Permalink
Quoting TudorIoan
There are even smarter guys then you, you the casual conspirationists! Here's for you, join the filthy Marxist club, or the crypto-hippie cult ! ...Here's more of those populistic anti-system sophisms and fallacies for you Mediocre-Not-KPMG-Anti-System and dear scarecrow! ...from Fed ...eheh, sorry, Ted Liars, losers mindset, this Nick Hanauer should go for a priest maybe, not a top 0.01% shark! ...sorry, cohen, not priest Oh yeah, sure, of course I'm a 'selfish jerk'!...

Ha! I wonder if you purposely misunderstand me???

I am not will not ever be a Marxist nor Cryptofreak...
Yes! I do understand what a Deflationary spiral is...

Just because I think something WILL happen doesn't mean I want it to. I don't want Cryptocurrencies nor Fiat Currencies. I don't want a fixed limited money supply.

I just might be a conspiracy theorist... But, did you know they uncover conspiracies as true all the time? If I had told you 20years ago Bernie Madoff was running a Ponzi scheme you would have called me a conspiracy theorist.

I do agree with Nick Hauer on many points. However, you cannot legislate morality nor cooperation.

I'm a complicated guy hehe.

The main problem I see with QE is fairly simple to grasp. Let's say you worked until retirement and you amassed 1mil so that you can retire comfortably until you die of old age. That 1mil is enough today that if nothing changes in the total supply of money you will be just fine. However when QE comes along and the money supply quadruples in ten years' time the value of that 1mil is suddenly 250k instead. Now you are holding only 1/4 the savings you used to. If we go further and say the money supply will only double every ten years in the time it takes you to die you went from comfortably retired to destitute and looking for work as a minimum wage employee by the time you are 85...

Just so you are aware I am not making this story up. This is precisely what happened to my grandparents. Yay QE! Not!!!

Listen they report less than 2% inflation. But when I look at the ACTUAL price of bread it has gone from $1 a loaf to $3. That is WAAAAAYYY more than 2% annualized inflation. Gasoline? Doubled. Vehicles? Tripled. Stock Market? Quintupled! Wages have not risen with the increase in the money supply. There is no 'trickle-down effect'. QE is not good for us...
Reply
Skracor247
Oct 30, 2019 12:06pm
Permalink
I don't think the answer is to stop a crisis while it is happening. My answer is to allow all the small crisis to happen so that the 'Big One' doesn't. Just like there are Earthquake-prone areas. Some fault lines quake often and small, while others quake rarely and hugely large. The CB is like a quake preventer, only it stops all the small quakes until a big one happens and wipes out everything. If the CB let it alone all the small quakes that are survivable let the built-up pressure out and so prevent the big quake.

The Great Depression, in my opinion, was the product of loose credit and a massive drought and exacerbated by protectionism.
1. Stock Market (inflated on margin)
2. European/British (credit default)
3. Tariffs
4. Dust-Bowl
Reply
Not-KPMG
Oct 29, 2019 8:06am
Permalink
Quantitative easing everyone!!!

Free money coming, thanks to Fed, Trump, etc
Reply
Not-KPMG
Oct 29, 2019 5:12pm
Permalink
That here is good post....

https://www.cryptocraft.com/showthread.php?p=12564949#post12564949

And hundreds more 🍻🍻
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