Comments by "" (@jmitterii2) on "Lyn Alden: How bad will this recession get? The Fed just went 'broke'" video.

  1. Fed Reserve can't go bankrupt because it uses the "reserves" of all banks... and can simply does this by monetizing (printing press) the currency. Hence why it should never been allowed. Worst thing ever done. All the busted banks in 2008 should even all of them become insolvent should have simply been nationalized and all loans remarked to market from origination to keep people in homes, keep businesses developing homes, allow a deflationary loan rather than reinflate the bubble with debasing currency to bail out bad bank debts...and hyper inflate assets and cause inflation to become fuckery. Allow the still leveraged to the tits from the 2000's stonck market to dump and stay down... stock markets prior to the stupidity the banking carete (fed reserve) could pump the chicken for half a century, prior this was impossible and stoncks didn't go to any moon. They went up and down in an decaying oscillation per name eventually (as all business do as people and others) die. Succumbing to competition and new technology from that competition. But no. We just allowed the banks to screw us to keep their parasitical excuse for an existence alive via massive debasement of money. WE pretended some magical hidden hand was a thing. It's not. And if a nation wants a good economic outcome, planning of some kind is always important; just as household planning is important to plan on what to do with your money... you don't just throw money out the window and say I'm going with the hidden ding dong of the market. Spending copious amounts speculating on things like farts in a jar. Monetary policy should only keep prices stable, with no inflation nor deflation. Not inject a 2% compounding anything. That's an exponential growth that leads to inflation that spikes as any exponential growth does and becomes impossible to sustain. In nature, exponential growths has a stopper to throttle such growth from actually being exponential, but more linear or bound in an oscillation. And never trust "magic" banking. Banking should be boring. Basic banking should not be involved in speculation on equities or even worse, side bets on equities and other items. Warren Buffett's remark, they're weapons of mass financial destruction. Even options, a very basic derivative on stocks, if not properly traded and kept to a low trade size and not levered on top of the already leverage 100 share contracts of American style options already present to then use leverage on top of this leverage... you're looking at a disaster in the making.
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