Are you literate? Fuck off.
You forgot to quote, and nothing you said has anything to do with the crash you’re claiming “will” happen.
Next stock market crash about to happen?
Wyatt Smith
Tyler Gomez
CRASH THIS PLANE WITH NO SURVIVORS!
Dylan Walker
Also, user, that’s not what the definition of QE is. QE is explicitly “printing a shit ton of fake currency to pay our fake debts.”
Lincoln Ramirez
yep eth development team contains known pedos
Asher Kelly
I mean yeah of course… and I know at this low, the only place to go is UP with those rates… it's just a matter of how fast and how high.
I want to buy a house but I want to be able to still get a good rate in 3 months.
Oliver Scott
DESI BASARA BASARA
Samuel Nguyen
Capitalism works. And remember, you got it only because of your effort and hard work.
Grayson Morales
Quantitative Easing, yes, that is effectively what it was. Offering money at rates lower than inflation. It was not to pay fake debts though. It was to bail out white collar criminals who had sold "c" rated mortgages bundled into mortgage backed securities which were "A" rated. This created toxic assets which were being sold as solid. It also fueled a housing bubble as the more mortgages there were, the more mortgage backed securities there were to sell. Speculation (gambling) drove an unsustainable bubble. When it became apparent that financial institutions were lending and selling securities irresponsibly, the bubble burst and housing prices collapsed, making the securities even more toxic as the value of the property would not have been enough to cover the value of the mortgage and therefore the mortgage backed security. This would have led to investment banks and regular banks (since the repeal of glass steagal allowed both to participate in this) to lose huge amounts of money and fail/not be able to cover the amount people had deposited with them. The government then gave them money at a rate lower than inflation, out of the taxpayers wallet, and against the taxpayer's will. Had these institutions failed, the super rich would have been hit the hardest. How much does a middle class family have in the bank? The FDIC would have covered it up to 125k (250k now) VS how much does a 1%er have in the bank and in investments, I would guess quite a bit more. We almost had a large wealth reset, which was only avoided by government handouts.
Julian Barnes
No QE would have created another great depression. There is no doubt, banks failing would be terrible for the short term (approximately 10-15 years) but it would have seriously shaken the power structure that most people on here hate so much. Selective QE would have been the best option. Let Goldman Sachs, Bear Stearns and Lehman Bros etc. fail for being toxic companies and save the traditional banks, or make loans with the limitation that it may only cover traditional deposits and banks must be responsible for the losses incurred by their shitty behavior. Then change might have happened. As it stands, we just gave rich people (jews) a get out of jail free card.
Owen Murphy
His posts pretty much boil down to
every time.
He is a no life homo who is upset about getting fired.