tag:blogger.com,1999:blog-9619963.post8746389099066206296..comments2023-12-08T12:50:34.303-08:00Comments on W.C. Varones: QE 3 ∞: Zimbabwe Ben goes Full RetardW.C. Varoneshttp://www.blogger.com/profile/17663570682958847976noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-9619963.post-92215248022474727492012-09-14T07:24:23.421-07:002012-09-14T07:24:23.421-07:00By a continuing process of inflation, government c...By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.<br />John Maynard Keynes<br /><br />Riddle: When is a tax not a tax? Answer: When it's inflation. Ronald ReaganAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9619963.post-4357936811150369172012-09-14T06:30:36.264-07:002012-09-14T06:30:36.264-07:00MBSs and Treasuries are very close substitutes for...MBSs and Treasuries are very close substitutes for fixed-income investors.<br /><br />So if the Dirty Fed buys up enough MBSs, it drives their price up and yield down, making Treasuries look relatively more attractive even at today's puny yields.<br /><br />So the Dirty Fed buying MBSs pushes banks, pension funds, old ladies, and foreign wealth into buying Treasuries.<br /><br />It's just deficit monetization with a middleman.W.C. Varoneshttp://www.wcvarones.comnoreply@blogger.comtag:blogger.com,1999:blog-9619963.post-88460671792444770552012-09-14T06:25:05.416-07:002012-09-14T06:25:05.416-07:00Link and post coming later, but this is not where ...Link and post coming later, but this is not where the money comes from for food stamps, else they'd be buying Treasuries. That's the part that's just occurring to me. There's still $85B+ of new Treasuries being issued every month that needs to be sopped up by somebody.K T Cathttps://www.blogger.com/profile/10259428595745509790noreply@blogger.comtag:blogger.com,1999:blog-9619963.post-29247033033540972812012-09-13T23:21:59.204-07:002012-09-13T23:21:59.204-07:00$133 per month is called Food Stamps. It is alread...$133 per month is called Food Stamps. It is already done. This is just where the money comes from....thin air.Doo Doo Econhttps://www.blogger.com/profile/05010201031724821495noreply@blogger.comtag:blogger.com,1999:blog-9619963.post-25998120023353576552012-09-13T20:53:03.631-07:002012-09-13T20:53:03.631-07:00$40B per month? If they're planning to spend t...$40B per month? If they're planning to spend that, why not just print each of the 300 million U.S. citizens a $133 check every month?<br /><br />Sure, it's not exactly a huge windfall, but it would help more than buying up toxic mortgages.<br /><br />And Granny and Gramps deserve to eat dog food. They've had 50+ years of voting age to stop this nonsense, and they've spit in their kids and grandkids' faces and voted themselves more and more benefits. Absolutely disgusting.Anonymousnoreply@blogger.com