Forbes says tRUMP and Fed are destroying US dollar.
- Thread starter Tacomaman
- Start date
PoliTalker
Diversity Makes Greatness
It's only logical.
cawacko
Well-known member
I can count on one hand the number of threads started by liberals on this board and its predecessors over the 20 years I've been posting complaining about the Fed. They are the major driver of all this and yet your complaint is about tax reform? SMDH.
I stopped after you bragged, "I can count..."
I figured you were just "putting us on."
Stay safe, ca!
cawacko
Well-known member
I stopped after you bragged, "I can count..."
I figured you were just "putting us on."
Stay safe, ca!
LOL!! I wondered if I could slip that past people.
The GOP tax cuts have yielded nothing but deficits, in the best of economical times, and I hate to think what will happen in the worst of economical times. Also the fed's interest cuts and the GOP tax cuts have over stimulated the stock market; if we weren't already in a stock market bubble, we were headed in that direction.
cawacko
Well-known member
We have massive deficits because we overspend. But this is about the Fed. I've seen it argued the stock market has been in a Fed driven bubble for the past 40 years. But there's no question we've been in one the past decade. Valuations and economic growth do not justify where stock prices have gone. Very few people complain however because 1) we don't understand it and 2) we like the stock market to boom
Every now and then people need to take a really big step back, lose the political partisanship fight to the death mindset that permeates this board and some/many in the country and look at the big picture of what the Fed's actions have done and where it has led us.
1. What should we cut, that is politically doable?????? Too much spending is a GOP ruse, which is designed to justify giving the GOP's plutocratic base big tax cut, at the expense of the working class. For economical growth a good portion of that money needs to be in the hand of the working people so that they can consume, and that grows the economy.
2. With the big tax cuts, Corporation have been buying their stocks back, because they don't any better use for that money, which is causing the stock prices to inflate, and this is the catalyst for a stock market crash at some point.
3. Bubbles whether housing or stock market, are a lucrative way to get votes, and both sides are guilty of that.
I know that you trumpanzees are not the sharpest knives in the drawer, but for the 50th time, all anti-tRumpers are not all Libs. Is that simple concept really that difficult for you to comprehend?
Now, if you can learn to read before engaging in typical mindless tRUMP defending "diarrhea of the mouth", you can PLAINLY see that I only posted the link. I made no comment.
Lastly, your "Forbes, or a writer for Forbes" is simply a poor attempt at TMT. Trump Misdirection Tactic.
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The trumpanzees have yet to understand how tRUMPS tax cuts screwed them.
One of the BIGGEST beneficiaries of the tRUMP tax cuts was none other than tRUMP himself.
cawacko
Well-known member
Wow. Good morning to you as well Tacomaman. A LOT of irony (and hostility) in your post. So you decided to post a link to an article by a crypto and blockchain writer about the Fed but you have no opinion on it nor do you care to discuss it.
Sure, why not!
cawacko
Well-known member
Politicians don't win votes by cutting things as voters don't demand it thus the reason we have $20-$30 trillion in debt.
You tell me if you think the Fed follows its mandate. What it does now it create bubbles in support of the stock market and yet partisans never point the finger at them.
Hell, this thread is a perfect example. The OP can't even discuss the topic of which he posted. That's how little we know about and talk about the Fed.
The voting public is uninformed and uncritical thinking, so they just blame who ever is in office.
PostmodernProphet
fully immersed in faith..
are they destroying it by doing the same thing Obama and the Fed did for eight years?.....
There was no hostility in the OP. Again, comprehension seems to escape you. That said, there is no requirement to comment on every link that is posted that I am aware of. If so, please direct me to that requirement. That said, Forbes MAGAZINE obviously thinks that the article is worthy or they wouldn't have published it.
Now, since you are wanting an opinion, here it is:
The writer makes some very good points. That does not mean that they will all materialize, but they well could. Time will tell.
cawacko
Well-known member
On one hand they don't really teach about the Fed in school and since we don't vote directly on Fed Governors or Board Members most people are unaware of who they are and what they do. Especially if you don't work in finance. So in that sense I give people a pass. However the reality is monetary policy plays a major role in our economy and people are clueless about it. That's not a good thing. Thus when people look for solutions to problems they have no idea the source of many of the problems.
cawacko
Well-known member
You're right. People can post articles without comment. Now why one would do that on a discussion board escapes me.
Here's my comment. I am always happy to see a liberal jump on the anti-Fed train so props for posting the article. I don't see the Fed as a right or left wing thing, rather their actions have a common negative effect on all of us in terms of the bubbles it creates and inequality that goes with it. The more discussion of their actions the better.