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comment by Deltron_0
Deltron_0  ·  3114 days ago  ·  link  ·    ·  parent  ·  post: Japan's economy stalls in April-June, casts doubts on Abe's policies

You don't ease debt or deficits with more lending and lower rates. The globe doesn't revolve around ideas. You need everyone on board to go with an idea to have effect. Kind of like what Hitler did. But then, wait a minute...nevermind.

Here's a free thought I'd argue mankind can agree on: we all need food, water and shelter to survive.... NOT quantitative easing.





mk  ·  3114 days ago  ·  link  ·  

The central bankers have a strategy, and they are pretty much all-in on it. The ECB is buying junk bonds, and now the Bank of England is going to as well. They are now picking winners and losers for us. We are at their mercy.

ButterflyEffect  ·  3113 days ago  ·  link  ·  

    They are now picking winners and losers for us.

As somebody with a layman's understanding of what's going on, what do you mean by this bit?

snoodog  ·  3113 days ago  ·  link  ·  

Essentially the central bankers are allowing certain organizations to borrow at 0% rates but not everyone is invited. So if you are say fortune 100 company building toasters you get to borrow for basically free but if you are a small mom and pop shop building better toasters you have to borrow at 8% and you cant compete because the cost difference is so high. Also if you actually make a profit despite that the fortune 100 company can essentially borrow infinite amounts of money and buy you out and shut out competition.

Deltron_0  ·  3114 days ago  ·  link  ·  

well, unless you aren't buying their game. The CB's don't own the world, i think it's time to call BS. They announced their Ace-high and the board flopped in favor of the odds against. People are collective subjects, but leave them to their own means and they're instantly smarter - in a game that is rigged... There isn't a trick to calling a bluff in RL. There is fold equity, but who's the winner when there is no buy-back?