@Noahpinion@arnoblalam Hm, if this is genocide what is the Saudi doing in Yemen?
Would the IC halt even more suffering by providing even a fraction of coercion/sanctions on US/UA that is focused on RU?
And what RU is doing is very bad, to clear that up.
@Harvard2H Good thread! Now that we have large vaccinated populations intermixing with infected populations the selection for breakthrough begins in full force. Hospitals, prisons, and similar facilities are breakthrough training grounds
@justtatertots@LittleKeegs0@KEEMSTAR If that was the market rate they wouldn't need to do it... The prices would decline until someone purchased them. They are influencing the market rate quite a bit. That is the point of QE and YCC
@justtatertots@LittleKeegs0@KEEMSTAR And yes, someone is getting something for free. The demand for those assets that would be worth less if the fed was not backstopping them. I am not saying that is bad or unnecessary, but it is silly to say they are creating nothing. Also I made no point about inflation
@justtatertots@LittleKeegs0@KEEMSTAR I never said the balance sheet was the money supply. Just that the balance sheet is up $3.5 trillion. M2 is up $5 trillion. "Printing money" is a nebulous term and is an exercise in frustration to define when the term is so loaded.
@justtatertots@LittleKeegs0@KEEMSTAR Sure, though there is an extra 3.5 trillion on the fed balance sheet. So whatever vague definition he means by "printing money" I think something like "printing money" is hapenning. And it's not all money creation from banks with the newly imposed 0% reserve requirements.
@LittleKeegs0@KEEMSTAR I mean the extra 3.5 trillion on the fed balance sheet since the beginning of the year. The gov't is deficit spending and the fed is creating the money to do it.