Yeah, I think it's time to buy bitcoin and gold
$6 TRILLION DOLLARS!!!!
How does this not cause inflation?
It just doesn't bro
Hahahahaha
it causes hyperinflation
Daily reminder: this is their admitted estimate. The actual cost and overage combined with government incompetence, easily 3 times this amount.
based
t. retards who didn't buy cheapies
Yeah haha! Epic and based!
they are literally trying to cause inflation because strong dollar would kill economy and since world is fucked too they start buying USD causing the exact opposite
H
H
HAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHAHAHAHAHAHAHAHAHAHAHAAAAAAAAAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAWTFACTUALAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
haha money printer go brrrrrr
That's what you get for reading zero hedge
Explain it to me like I’m eleven
wow so they think this crash is because of corona. lmao i am sorting the fuck out of any bounce after this
You guys can laugh all you want but as a qualified printer I'm making mad bank thanks to all this overtime I've been working lately.
Because the coronavirus is causing deflation and these measures are only to counteract that.
Inflation would only be a concern if they did QE while the economy was expanding, not contracting.
I don't know why this is so hard for Yas Forums
it doesn't because it's not even real. just digits in a computer. they do it all the time.
KEKED!
Lmfao the Fed only has 4.5 T on the fucking balance sheet .... Deep long fulfilling corona free breath
AHHhhHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHA
Haha yes, I “keked” too! Gentlesir, have some gold!
>Thinks he understands economics
>was actually taught fucking memes
Lol. If there is one things ive learned its that basically everything they teach you is bullshit.
>hur dur the amount of money you give trillionaires and zombie corps doesnt matter because the price of cheeseburgers doesnt go up!
LMAO.
>the absolute state of capitalism
>"Its cool bro theyre just counteracting the virus"
That guy is starting to get it
fortune.com
FED needs to hit their inflation target and everyone buying dollar means that deflation is likely. Strong dollar kills export makin US companies not competitive against other countries and this is more harmful to the stock market than you think.
Switzerland had huge problems few years ago when their currency was too strong and there was no crysis behind that. Deutschmark being too strong made Germany so desperate that they had to invent Euro for it to never happen again. Central banks fear strong currency.
I'm in fucking cartoon land right now aren't I?
>6 trillion for businesses
>meanwhile the plebeians get a one time $1000 check, and only if they qualify by meeting the eligibility requirements
He's unironically right. At this point we should just create wealth for all Americans and enforce the value with our economic power and military might. Money Printer go brrrrrrrrr for all
Welcome.
Withdrawing Everything In A.M. Godspeed user's It's Been Swell
they havent decided on anything yet. multiple bills are getting introduced. some want everyone to get like $4k/mo indefinitely, and some want to just fully adopt UBI as the new normal. We're probably still a couple weeks away from anything actually getting passed
we'll be better for the economy than the money hoarders too. all our money will actually go back into the system
Someone asked why this won't cause inflation. I explained why. You have no idea what you're talking about.
I really wish retards like you weren't allowed to post.
Becuase it's the US Dollar. As long as the rest of the world sees the dollar for the safe haven it is. we can do whatever we want.
Yeah we should make minimum wage 500/hour so everyone is rich
what a libcuck
go further. explain your reasoning more. spread knowledge, bro.
It’s just 6 Trillion bro, fucking chillax
this safe haven status is nearly finished
well it doesn't anymore so...
It takes time for that money to disseminate into the general markets. Right now it's contained within the wallets of companies and stockholders, but it eventually spreads.
Look at counties like Italy that don't have their own currency and they are not able to intentionally devalue it based on current needs to improve export:
dw.com
It's not just companies that get fucked it there is deflation
Italy and Greece got fucked because they were not able to do what FED is doing right now, the currency was too strong for the economy and with US economy going down they need to make sure that USD is not too strong
they will..or it will occur sort of by natural force... zimbabwe, venezuela, weimar
>its just hyperinflation bro
>he doesn't know that they did give millions to flint and the basketball american city council stole all the money
Dude just print Monopoly money for the next 30 years lamo
that is contextually fucked user
>less than a year's worth of GDP causes hyperinflation
The Fed would have to print a quadrillion dollars to have noticeable inflation across all goods and services.
what do you need flint for just use your heater lmao
> iT'lL eVeN oUt
fred.stlouisfed.org
Goodbye US Dollar, hello Reichsmark
haha i wouldn't worry about it
The relief package is $6 trillion. The population of the United States of America is 327.2 million people. If the relief package was distributed evenly between all Americans, each American would receive over $10 million. Unbelievable. Retweet this.
Buy gold and silver.
What if we all agreed to just zero everyones debts? Just snap your fingers and erase them. Problem solved.
>i don't know anything about what happened to the reichsmark: the post
Read a fucking book.
Sick of sharing a board with ignorant coomers.
Too late. Normies are priced out already
It's $20,000 per American you retard
*$6,000,000
retard
Buy Bitcoin
>like just buy 1 piece of bread for $1,000,000 like what’s the problem bro
>trickle down meme
>in the current year
You get your Masters from Barnum & Baileys?
> Temporary demand shock
Be sure to screenshot this post for when March inflation is less than the target of 2% and all you gold-shill retards eat a loss.
The rich already stole your wealth so giving it back fucks the system which is predicated on dollars always being less valuable. (Deflation) or in laymans terms a wealth transfer from rich to poor and old to young and decreased inequality.
This of course causes loans to go bad and asset prices to fall. (Cheaper for young and debt free)
What you want instead is the status quo which is (inflation) or in laymans terms wealth transfers to the old and wealthy asset holders and ever increasing inequality.
Inflation is better than deflation. But that doesnt mean it doesnt have its dark side. Also propping up zombie corps and asset bubbles and rediculous valuations and the stupid ponzi interwebz is the best!!!! Boomers must stay rich!!!!
Long and short theyve stolen your life. Your whole life will be spent paying for them and you and most people will probably never catch up.
I'm already up 80% faggot
quick maths
The whole USD monetary base, as in ALL DOLLARS IN EXISTENCE was $31 trillion only a few months ago. They started printing in September 2019 for the overnight repo.
Then they printed $1.5 trillion, then another $1 trillion, then $700 billion and now another $6 trillion.
The monetary base in April will be $44.2 trillion USD. Which means the inflation rate this year has reached 42.5%, and the year has just started.
By the end of this year all the money you own will be worth something between a piece of dog shit and a rock.
>unrealized gains
lol hope you sell dipshit
THE 6 GORILLION
Must suck being poor AND stupid. Like being in a really deep hole without a ladder
Is anyone buying anything within the economy? Anyone buying cars or houses?
Will this supply still be available when the factories open back up?
Deflation is occurring:
A general decline in the prices for goods and services and the contraction of the supply of money and credit in the economy.
The companies are supposed to pay back what they take, however, we all know that will never happen.
You're intent on holding to a loss, I see.