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Author Topic:   Testing The Financial Apologists Conmen
PaulK
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Posts: 17033
Joined: 01-10-2003
Member Rating: 2.6


(1)
Message 15 of 38 (888790)
10-05-2021 4:02 PM
Reply to: Message 12 by Phat
10-05-2021 2:31 PM


Re: First Article: Barrons
quote:
QE refers to Quantatative Easing, which is a euphimism for monetizing the debt. Barrons explains what the Fed does and why it is risky.

More importantly Quantitative Easing is an alternative to reducing interest rates when there’s no room to cut them.

In your last post you assert that the trouble is that there’s no room to increase interest rates.

These are contradictory. The Fed can’t desperately need to reduce interest rates AND increase them.

You wanted to know why Percy says that you are delusional! There’s a reason right there.

It looks to me as if you have your doom scenario in mind and “see” it everywhere - even in sources that contradict it. That sounds pretty delusional to me.


This message is a reply to:
 Message 12 by Phat, posted 10-05-2021 2:31 PM Phat has acknowledged this reply

  
PaulK
Member
Posts: 17033
Joined: 01-10-2003
Member Rating: 2.6


Message 26 of 38 (888818)
10-08-2021 1:45 PM
Reply to: Message 25 by Phat
10-08-2021 1:29 PM


Re: Nomi Prins
Phat, I hope you realise that there is a distinction between your claims to have listened to qualified people and those people supporting your assertions.

So far we’ve seen that they typically disagree.

And that’s the problem.


This message is a reply to:
 Message 25 by Phat, posted 10-08-2021 1:29 PM Phat has responded

Replies to this message:
 Message 27 by Phat, posted 10-08-2021 1:48 PM PaulK has responded

  
PaulK
Member
Posts: 17033
Joined: 01-10-2003
Member Rating: 2.6


Message 28 of 38 (888820)
10-08-2021 2:04 PM
Reply to: Message 27 by Phat
10-08-2021 1:48 PM


Re: Nomi Prins
In my case I see you claim that gold should be rapidly increasing in price, you say it isn’t because the banks are holding the prices down - but the respectable sources you cite suggest that the banks are keeping the price rising.

So it looks to me very much as if the idea that the price of gold should be steeply rising is “snake oil” you’ve been sold, and that the bank’s involvement is just an excuse for why it hasn’t happened. You certainly did not get it from the sources you cited.


This message is a reply to:
 Message 27 by Phat, posted 10-08-2021 1:48 PM Phat has acknowledged this reply

  
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