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Chainfire

(17,757 posts)

10. They can print money

Reply to shockey80 (Original post)

Wed Apr 22, 2020, 12:25 PM

Apr 2020

until the presses melt down, but the inflation that follows will destroy the value of the money. At one time, Germany saw people hauling wheelbarrows full of bills to buy bread. That is one thing that brought the Nazis to power. If you have savings, it will be devastating. If you are a big enough business, you will get bailed out.

What will be horrifying is if we have massive inflation and no substantial rise in wages. (the most likely scenario) The ultra wealthy will then end up owning everything, including the workers.

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Highlight:

How long can the Trump government fund it's way out of a great depression? [View all] shockey80 Apr 2020 OP

FDR's government funded its way out of the Great Depression, but The Velveteen Ocelot Apr 2020 #1

FDR raised taxes on the wealthy. Now they don't want to hurt those snow flakes. LiberalArkie Apr 2020 #6

Sure they can, take the Social Security trust fund and the Post Office pension fund. LiberalArkie Apr 2020 #2

It can't, because it keeps giving the money to the wrong people and entities while stiffing those tblue37 Apr 2020 #3

Great question. T-bills will be key empedocles Apr 2020 #4

"How Long? Not Long." - MLK, Jr. MineralMan Apr 2020 #5

Were Trillions in already pissed down the drain by the FED. Historic NY Apr 2020 #7

When you start seeing shooting at food banks and riots, you will know the answer Moostache Apr 2020 #8

THIS 0rganism Apr 2020 #16

the approach been ALL wrong since day one. The markets should have been shut down indefinitely beachbumbob Apr 2020 #9

They can print money Chainfire Apr 2020 #10

like the inflation after the 2008-9 collapse? Voltaire2 Apr 2020 #12

Agreed customerserviceguy Apr 2020 #19

I see Democrats continually falling into the 'deficit hawk' trap. Voltaire2 Apr 2020 #20

On Top Of That... ProfessorGAC Apr 2020 #23

It takes money creation and high velocity of money to stoke inflation. roamer65 Apr 2020 #22

Unless Velocity Is High Enough! ProfessorGAC Apr 2020 #24

All I know is customerserviceguy Apr 2020 #29

What we are facing now is not 2009. Chainfire Apr 2020 #25

The 2009 bailout resulted in about 14T between the Fed and the Treasury. Voltaire2 Apr 2020 #27

There is no evidence of any particular limit on our ability to incur deficits. Voltaire2 Apr 2020 #11

Trumpcession is real and it's here. gibraltar72 Apr 2020 #13

They have no intention of keep paying durablend Apr 2020 #14

Trump is such a deep thinker. Lol! shockey80 Apr 2020 #15

he's happy enough to gamble with other people's money -- or lives 0rganism Apr 2020 #17

Until the printing presses catch fire. Blue_true Apr 2020 #18

The Fed can create any amount it wants. roamer65 Apr 2020 #21

Until the demand side, of the fed 'money' supply side, decides 'differently' empedocles Apr 2020 #26

. . . until they and their buddies have enough money to walk away from everything, AND Nay Apr 2020 #28