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Thread: AOC/Sanders Plan to Take Over Money!

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    AOC/Sanders Plan to Take Over Money!

    AOC-backed economic theory should be 'dismissed at your peril,' expert cautions




    An economic policy Opens a New Window. backed by New York Democratic Rep. Alexandria Ocasio-Cortez and Independent Vermont Sen. Bernie Sanders appears to be gaining traction on Wall Street Opens a New Window..

    Chris Brightman, partner and chief investment officer at Research Affiliates, wrote in a recent blog post that investors should not dismiss Modern Monetary Policy (MMT) as “unlikely to influence policy.”

    The idea behind MMT is that if a government controls its own currency, there is no need to worry about balancing the budget. Therefore, the government – not the central bank – can control the economy through fiscal policies, like spending and taxing.

    “Recognize that monetary policy-fueled bull markets only benefit the few who own stocks,” Brightman wrote. “Three U.S. billionaires are now collectively worth more than the 160 million Americans in the bottom half of the wealth distribution. A dramatic increase in social spending as proscribed by MMT advocates may well help alleviate some of this inequality.”

    On the downside, he said, investors should be aware that adoption of the policy could result in “unexpected inflation shocks,” that could cause the prices of stocks and bonds to plunge.

    Brightman noted that progressive politicians have embraced the theory because it allows them to push increases in social spending without imposing taxes.

    Ocasio-Cortez recently said during an interview with Business Insider that she was “absolutely” open to supporting MMT as a means to fund social programs – like Medicare-for-all and free college tuition. Ocasio-Cortez has also proposed a sweeping climate change proposal called the Green New Deal, which one group estimated could end up costing $93 trillion. Sanders – a 2020 Democratic presidential hopeful – has also indicated support for MMT.

    https://www.foxbusiness.com/economy/...xpert-cautions





    This is it folks!

    The Government can Print and Spend without Debt, only the value of your hard earned money turns to shit!
    "Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free."

    - Ronald Reagan

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    Music: Geddy Lee and Alex LifesonLyrics: Neil Peart
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    In your head is the answer
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    ....a plan to take over our money!
    Last edited by Garden House Queen; 06-21-2019 at 02:58 PM.

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    HAHAHAHAHAHAHAHAHA!

    It's working SO WELL for the peoples of China, Cuba, Venezuela, and North Korea.

    Worked wonders in the Soviet Union, right up until the PEOPLE woke up, and realized that such "monetary policy" is no more than a "Financial Fantasy Play" put on by the elites who run everything in such societies.....

    A government CAN make the "claim" that it's currency is worth this, or that.

    (Again, China does it all the time. Keeping the value of it's currency LOW, so that the NATION has a "strong" economy. That most Chinese do not realize, because....they are dirt poor....)

    I suppose this is to be expected from the Left, though.

    They seem to be consistent in demanding that THEIR FANTASIES be accepted as ABSOLUTE REALITY......
    Al Swearengen: What's your partner so mad about all the time?
    Sol Star: He's not mad.
    Al Swearengen: He's got a mean way of being happy.



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    This is actually Weirmar Republic times 2, simply giving the authority of Printing money to cover State Debts!

    It will destroy the value of any Savings, Sound Investment, and Real Property. The only benefit is to those who are full on government dependents because the checks keep coming........


    @JustPassinThru

    We were Warned and even some Wall Street fools want to play with this!
    "Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free."

    - Ronald Reagan

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    Quote Originally Posted by RMNIXON View Post
    This is actually Weirmar Republic times 2, simply giving the authority of Printing money to cover State Debts!

    It will destroy the value of any Savings, Sound Investment, and Real Property. The only benefit is to those who are full on government dependents because the checks keep coming........


    @JustPassinThru

    We were Warned and even some Wall Street fools want to play with this!
    A new generation of economists. Who were born about the time of Occlusional Cortex. Born in the Reagan prosperity years...which signalled 30 years of minimal inflation and robust growth. Until, of course, the Grate Recession, which was really a depression with a bubble to mask it.

    Point I'm making is, they have no sense of what Inflation is, or what money-printing (eventually) does. They just believe there's no connection between the value (perceived or actual) of money and debasement of that money.

    Read up on Modern Monetary Theory...Nix, sounds to me like you have. It is exactly this, the money-printing masked by a blizzard of buzzwords.

    These Under-35s have not only failed to learn from history, but REFUSE. So, with the seductive, juvenile lure of Better-Living-Through-Money-Printing...they're gonna learn the hard way.

    And hard, it will be. Indescribably. We may never recover from it.

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    The whole reason for the Federal Reserve (instead of a conventional Central [sovereign] Bank) was to PREVENT the politization of the dollar. To PREVENT false-populists from taking control of the currency - as has happened in Wiemar Germany and Zimbabwe and Venezuela and everywhere else it has. The Fed's job was not to launder money-printing but to prevent it and control the supply of dollars.

    What no one counted on was the rise of a very-large Elite Political class, large enough and homogenous enough to take over the Congress, the universities, often the Presidency, the courts. And the Federal Reserve.

    This is one area Donald Trump is letting conservatives down. We do NOT need lower interest rates - those are raping retirement-savers, and pension-funds, and everyone else trying to save and grow money. We need interest rates to rise to market levels.

    Which will cause a recession. And here Trump could do the right thing and explain why - as Reagan did in 1983 - and ride it out.

    The voters stuck with Reagan, partly because his cure to money manipulation was harsh but short, and the prosperity long-lived. They might well have with Trump, had he laid the groundwork. But he has not, and probably believes he can prevent it as well.

    It will be what loses the election for him.

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    Quote Originally Posted by JustPassinThru View Post
    The whole reason for the Federal Reserve (instead of a conventional Central [sovereign] Bank) was to PREVENT the politization of the dollar. To PREVENT false-populists from taking control of the currency - as has happened in Wiemar Germany and Zimbabwe and Venezuela and everywhere else it has. The Fed's job was not to launder money-printing but to prevent it and control the supply of dollars.

    What no one counted on was the rise of a very-large Elite Political class, large enough and homogenous enough to take over the Congress, the universities, often the Presidency, the courts. And the Federal Reserve.

    This is one area Donald Trump is letting conservatives down. We do NOT need lower interest rates - those are raping retirement-savers, and pension-funds, and everyone else trying to save and grow money. We need interest rates to rise to market levels.

    Which will cause a recession. And here Trump could do the right thing and explain why - as Reagan did in 1983 - and ride it out.

    The voters stuck with Reagan, partly because his cure to money manipulation was harsh but short, and the prosperity long-lived. They might well have with Trump, had he laid the groundwork. But he has not, and probably believes he can prevent it as well.

    It will be what loses the election for him.
    you might be right.

    seriously grim scenario, if it goes that way.

    can't help but imagine the looters already salivating and nudging this along.
    Μολών λαβέ

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    Quote Originally Posted by Lone Gunman View Post
    you might be right.

    seriously grim scenario, if it goes that way.

    can't help but imagine the looters already salivating and nudging this along.
    The game was over when Hussein the Kenyan got his orders (from Soros Central) to start "Quantitative Easing" - which is just wholesale money printing, using the Fed as a launderer.

    That, coupled to "Financial Repression" (artificial suppression of interest rates) and repeal of Glass-Steagall. It was DONE.

    First the connected banksters got rich. Those who weren't with the program, the small community banks, have mostly been shut down by the FDIC. The money changers got rich and are still getting rich. No one else is.

    Meantime, the pension plans and other retirement savings vehicles are now illiquid, paying out more than they're taking in. Some of them are less than ten-percent funded, and it's getting worse.

    And retirement savers are forced to invest in high-flying stocks, all of them hoping to ride a stock-market bubble up.

    Okay...this was all done a decade ago. Now comes the bubble popping, and wholesale failures or takeovers of insolvent businesses (many, including GE, having become insolvent from borrowing to buy back their own shares) and out of THAT, comes PANIC.

    That's where "Democratic" "Socialism" comes into play.

    This was inevitable from the time Hussein launched it. Now, it's like breathing or going to the john - it HAS to happen. But the Deep State CAN...control WHEN, to some extent. You have to use the john, but you can choose to some extent, exactly when.

    They're probably choosing to shut it all down in the next twelve months.

    How do I know so much? I lost - no lie - about $30,000 in the 2009 market crash. And I didn't IMAGINE that the Dumbo cRats would go full Zimbabwe on us, and print money, and give it to friendly banksters, and that the public would love it.

    I expected we'd be getting our meat out of zoos and animal shelters by now. But...I don't have an evil mind, so I couldn't guess. What I have done, for ten years, is educate myself somewhat.

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    heres the 2 stooges discussing interest rates:






    "The nose, knows"

    @Auntifa,,,when the shooting starts, don't run, you'll only die tired...

    #walkaway

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