Fed will inject $1.5 TRILLION into financial markets
- Thread starter Deleted member 18944
- Start date
I believe Bernie's student loan debt forgiveness was 1.5 Trillion. But like usual, the only big money given out is to prop up the stock market.
I'm an RN in a 16 bed ICU. We don't have 16 vents. Never needed that many. Curious how much they cost now.
No, not at all. This is aimed at helping combatting damage from the one we're entering. The Fed uses bond markets to manage monetary policy.
in this thread: people not really understanding what the fed does
it's funny because this would cost only on the order of millions, which is pretty much couch cushion cash for the gubmint
You don't get it. Saving the rich means all this money will then trickle down.
You do. If there's not enough in their reserves more money gets printed. Then yours loses value.
Doubtful but central banks can't really do anything that helps at the moment.
All they can do is soften the fall
You could give every single person
And that's each person. Even babies. Imagine if your family of five just got a check in the mail for $22,500. That'd juice the fucking economy a bit.
And that's each person. Even babies. Imagine if your family of five just got a check in the mail for $22,500. That'd juice the fucking economy a bit.
Sure, but they aren't giving anyone money. They're buying securities for 24-84 days and then selling them back
It's literally a pawn shop
I hope an economist can talk about this, because all I see is the biggest fuck you to young people that I've seen in my life so far.
You could put this into medical care. You could put this into the student loan crisis. You could put this into R&D for renewable energy, or space, or even the damn coronavirus.
The Fed decided to bailout rich folks and retiring baby boomers.
Am I reading this wrong?
You could put this into medical care. You could put this into the student loan crisis. You could put this into R&D for renewable energy, or space, or even the damn coronavirus.
The Fed decided to bailout rich folks and retiring baby boomers.
Am I reading this wrong?
I have an honest question. Nowadays, the dollar (associated with the national american treasury investment) is considered to be the safest place for money in our planet. That's why every other currency is getting devalued compared to the dollar in this moment of crisis.
My point is, does that mean that the whole world's money goes to the USA, implying that people aroung the globe are overall trusting their money to the American government to handle? Therefore concentrating power of will to the American government in times of crisis?
My point is, does that mean that the whole world's money goes to the USA, implying that people aroung the globe are overall trusting their money to the American government to handle? Therefore concentrating power of will to the American government in times of crisis?
The post you replied to was sarcastic, highlighting that "how can you pay for it?" is never asked for military spending, tax cuts, or other transfers of wealth to the rich but is for infrastructure, public services and public benefits.
Folks, just to keep this simple, banks need reserves, this what the Fed is doing, providing reserves. The banks give the Fed collateral (Treasuries+), Fed gives reserves, and at a later point the Fed will return the collateral and the banks will give back the reserves. It's obviously a lot more complicated than this simple breakdown, but you need to provide reserves when the system needs it. They are providing it, it's their mandate.
You are, this isn't a bailout, this is a cash injection to ensure the bond market (and therefore the market as a whole) doesn't experience significant problems like what happened in late 2007 into 2008...
Your reading is correct.
Bernie was the only one offering an alternative.
