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<blockquote data-quote="wkmac" data-source="post: 859362" data-attributes="member: 2189"><p>Just reading where international investor Jim Rodgers is predicting another round of quantitative easing from the fed as early as Q3 of this year. I highly respect Rodgers but in this one it's not hard to see coming with the probability that Washington will raise the debt limit. Why raise it if you aren't going to use it?</p><p></p><p>What is said of us as normal citizens for example if we begin a cycle of paying debt with a credit card? What ultimately happens if some make their car and mortgage payments month after month with a credit card and then only pay the minimum payment or even worse only pay the interest? What happens when you've used the card so much you are at the credit limit and still need more? What happens when the card company will no longer increase your card limit?</p><p></p><p>I'd not call <a href="http://www.businessinsider.com/what-is-quantitative-easing" target="_blank"><span style="color: #ff0000">this</span></a> a textbook definition for quantitative easing but in a general sense it does work.</p><p></p><p></p><p></p><p>OK, so the central bank creates money for it's account "out of nothing" and then from that creates a cycle which thus creates the debt in the hopes it's stimulates the economy. Well from this article and if one would read the Federal Reserve's Modern Money Mechanics, it's clear that monetary debt related to the Federal Reserve note, we call it a dollar, is in truth nothing so in repudiating that debt all we would be doing is returning "the nothing" back to it's natural state of nothingness!</p><p></p><p>And while I'm at it, last week I gave you absolutely nothing, now what you did with the nothing and who you got to accept the nothing, that's another story but in the meantime, I expect you to labor at ever increasing rates and from your labor I will expect payment for loaning you my nothing so you can give my nothing to others in exchange for their something which they also bought with my nothing! And the beauty for me is they also owe me for nothing as well because at the end of the day, the absolutely only thing of real value in all this transaction is you and the labor you produce. I just use a fiction to exploit your labor so I can benefit, I then inflate the nothing with more nothing, getting something at it's lowest value before inflation kicks in and then later I sell this surplus back to you at it's highest cost. This pulls the nothing out from you forcing you to more labor and also borrowing more of the nothing to keep the whole cycle going. This is one reason why I and my partners seem to be accumulating all the nothing and you seem to have less and less nothing. All I have to do is to keep you thinking that nothing is really something and it's game over for you!</p><p></p><p><img src="/community/styles/default/xenforo/smilies/FeltTip/peaceful.png" class="smilie" loading="lazy" alt=":peaceful:" title="Peaceful :peaceful:" data-shortname=":peaceful:" /></p></blockquote><p></p>
[QUOTE="wkmac, post: 859362, member: 2189"] Just reading where international investor Jim Rodgers is predicting another round of quantitative easing from the fed as early as Q3 of this year. I highly respect Rodgers but in this one it's not hard to see coming with the probability that Washington will raise the debt limit. Why raise it if you aren't going to use it? What is said of us as normal citizens for example if we begin a cycle of paying debt with a credit card? What ultimately happens if some make their car and mortgage payments month after month with a credit card and then only pay the minimum payment or even worse only pay the interest? What happens when you've used the card so much you are at the credit limit and still need more? What happens when the card company will no longer increase your card limit? I'd not call [URL='http://www.businessinsider.com/what-is-quantitative-easing'][COLOR=#ff0000]this[/COLOR][/URL] a textbook definition for quantitative easing but in a general sense it does work. OK, so the central bank creates money for it's account "out of nothing" and then from that creates a cycle which thus creates the debt in the hopes it's stimulates the economy. Well from this article and if one would read the Federal Reserve's Modern Money Mechanics, it's clear that monetary debt related to the Federal Reserve note, we call it a dollar, is in truth nothing so in repudiating that debt all we would be doing is returning "the nothing" back to it's natural state of nothingness! And while I'm at it, last week I gave you absolutely nothing, now what you did with the nothing and who you got to accept the nothing, that's another story but in the meantime, I expect you to labor at ever increasing rates and from your labor I will expect payment for loaning you my nothing so you can give my nothing to others in exchange for their something which they also bought with my nothing! And the beauty for me is they also owe me for nothing as well because at the end of the day, the absolutely only thing of real value in all this transaction is you and the labor you produce. I just use a fiction to exploit your labor so I can benefit, I then inflate the nothing with more nothing, getting something at it's lowest value before inflation kicks in and then later I sell this surplus back to you at it's highest cost. This pulls the nothing out from you forcing you to more labor and also borrowing more of the nothing to keep the whole cycle going. This is one reason why I and my partners seem to be accumulating all the nothing and you seem to have less and less nothing. All I have to do is to keep you thinking that nothing is really something and it's game over for you! :peaceful: [/QUOTE]
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