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Where is this money coming from? Who cares? We’re the goddamn Fed. We shit money for breakfast. We want a million dollars? We get a million dollars. We want a billion dollars? We get a billion dollars. We want to pull $1.5 trillion out of thin air to give to our buddies on Wall Street? We get $1.5 trillion and you stop asking where we get it from because fuck you, we’re the Fed.

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Originally posted by SIGNYM:
Such a dysfunctional and counter-productive reponse!

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Originally posted by SIGNYM:
Not you, SIX.

The Fed.

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"It may be dangerous to be America's enemy, but to be America's friend is fatal."- Henry Kissinger

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Originally posted by SIGNYM:
Not you, SIX.

The Fed.

But Trump wants the Fed to lower interest rates, which still means more loans, more monopoly money in circulation.

I think he's thinking that he can lower the cost of the Federal debt, which must be regularly rolled over. Plus, a lower dollar makes our exports cheaper to buy. And maybe lower interest rates will provide more $ for investment in manufacturing.

BUT that $ usually goes into the stock market or commodities or real estate other forms of speculation. If you want to re- industrialize you either have to tax the hell out of speculation (to make productive investment relatively more profitable) or you have to target lower interest rates.

There's one interest rate that's probably not gonna come down, and that's on credit cards.

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"It may be dangerous to be America's enemy, but to be America's friend is fatal."- Henry Kissinger

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