We Are the Federal Reserve, and We Plan to Drown the Coronavirus Crisis In So Much Money by 6IXSTRINGJACK

REAL WORLD EVENT DISCUSSIONS

We Are the Federal Reserve, and We Plan to Drown the Coronavirus Crisis In So Much Money

POSTED BY: 6IXSTRINGJACK
UPDATED: Tuesday, August 26, 2025 13:56
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Saturday, March 14, 2020 1:51 AM

https://www.mcsweeneys.net/articles/we-are-the-federal-reserve-and-we-
plan-to-drown-the-coronavirus-crisis-in-so-much-money

Quote:
Where is this money coming from? Who cares? We’re the goddamn Fed. We shit money for breakfast. We want a million dollars? We get a million dollars. We want a billion dollars? We get a billion dollars. We want to pull $1.5 trillion out of thin air to give to our buddies on Wall Street? We get $1.5 trillion and you stop asking where we get it from because fuck you, we’re the Fed.

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Saturday, March 14, 2020 6:52 AM

SIGNYM

I believe in solving problems, not sharing them.

Such a dysfunctional and counter-productive reponse!

You DO realize, SIX, that this is at the behest of Trump? And that, in addition to supporting sick-at-home workers and small business, Trump and the Fed are planning not only a ginormous bailout (repo market at a rate of $300 BILLION a day) for the banks, they're ALSO planning in flooding the fracking sector with trillions (because of the oil war?)

Sometimes I watch this and think that Trump has a secret plan to break the Fed in some fashion. What he's doing makes no sense; it's like Modern Monetary Theory, but for the banks and stock market and speculators. The house of cards ... it's got to come down, sooner or later!

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Pity would be no more,
If we did not MAKE men poor - William Blake

Happy New Year, WISHY. I edited out your psychopathic screed!

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Tuesday, August 26, 2025 7:25 AM

JAYNEZTOWN

Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control
https://www.courant.com/2025/08/25/trump-fires-federal-reserve-lisa-co
ok/

Lisa Cook fired from Federal Reserve Board of Governors, Trump says
https://www.yahoo.com/news/videos/lisa-cook-fired-federal-board-103020
924.html

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Tuesday, August 26, 2025 12:59 PM

6IXSTRINGJACK

Quote:
Originally posted by SIGNYM:
Such a dysfunctional and counter-productive reponse!

At $37 Trillion in debt, and with the 4 years that followed my post, I say my original post was pretty functional and poignant.

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"I don't find this stuff amusing anymore." ~Paul Simon

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Tuesday, August 26, 2025 1:40 PM

SIGNYM

I believe in solving problems, not sharing them.

Not you, SIX.

The Fed.

But Trump wants the Fed to lower interest rates, which still means more loans, more monopoly money in circulation.

I think he's thinking that he can lower the cost of the Federal debt, which must be regularly rolled over. Plus, a lower dollar makes our exports cheaper to buy. And maybe lower interest rates will provide more $ for investment in manufacturing.

BUT that $ usually goes into the stock market or commodities or real estate other forms of speculation. If you want to re- industrialize you either have to tax the hell out of speculation (to make productive investment relatively more profitable) or you have to target lower interest rates.

There's one interest rate that's probably not gonna come down, and that's on credit cards.

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"It may be dangerous to be America's enemy, but to be America's friend is fatal."- Henry Kissinger

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Tuesday, August 26, 2025 1:42 PM

6IXSTRINGJACK

Quote:
Originally posted by SIGNYM:
Not you, SIX.

The Fed.

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"It may be dangerous to be America's enemy, but to be America's friend is fatal."- Henry Kissinger

My bad.

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"I don't find this stuff amusing anymore." ~Paul Simon

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Tuesday, August 26, 2025 1:50 PM

SIGNYM

I believe in solving problems, not sharing them.

No worries.

I added, see above.

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"It may be dangerous to be America's enemy, but to be America's friend is fatal."- Henry Kissinger

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Tuesday, August 26, 2025 1:56 PM

6IXSTRINGJACK

Yeah... What's with those Credit Card interest rates anyhow?

Back in the early 2000's, I only had a credit score of around 740 and I was getting cards with free balance transfers which were interest free for 12 or even 24 months. My highest rate was only 12.99% and my lowest was 6.99%.

My credit score now is 828 and my lowest rate is something crazy like 15.99% with the highest being 24.99%. They're like freakin' PayDay loans now. If you're regularity carrying balances from month to month, you're working simply to pay off your debt... possibly just the interest on your debt.

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"I don't find this stuff amusing anymore." ~Paul Simon

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NEW POSTS TODAY

USER	POST DATE
JAYNEZTOWN	08.26 07:25
6ixStringJack	08.26 12:59
SIGNYM	08.26 13:40
6ixStringJack	08.26 13:42
SIGNYM	08.26 13:50
6ixStringJack	08.26 13:56