Comments by "Samson Soturian" (@samsonsoturian6013) on "How did Schacht's MEFO Bills work? Were they inflationary or not?" video.

  1. About central banks making money off money printing: That's only more or less true. In the civilized world hotshots are SALLARIED, and the men printing bills don't set the budget. In the US, inflation is targeted at 1%-2% to keep people investing and spending rather than saving. Of course, there's a conflict of interest where inflation behaves like a tax while not appearing as so, leading to many historic instances of currency mismanagement (mostly during wartime).
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  2. MEFO Bills = High Interest Treasury Bonds in simple terms. Issuing more bonds is also how governments deflate their currency when needed, because they can sell the bond and then delete the cash.
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  3. Quantitative Easing was largely undone after the markets picked back up (unless you're South Africa and QE was done to plug holes in the budget caused by embezzlement). And MEFO was a T-bill in disguise, so you mean to say Germany borrowed so much they throttled the money supply.
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  4. A about the great recession. A recession is, by definition, is when GDP is declining. The US stock market exceeded pre-crash highs in 2013 and the US GDP exceeded pre-crisis highs in 2012. That marks the end of the Recession, but of course political retards insist the recession could only end if a specific politician assumed/left office.
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  5. People were indiscriminately stocking up on emergency goods anticipating the end of the world. One economist actually predicted a ten year depression.
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  6.  @DonnieAllenCooper  anyone. Government bonds are as safe as the cash issued by the same government, and there was plenty of idle German currency.
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  7.  @nedkelly4825  you said "they go as far as change the definition of inflation."
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  8. Are they also run by the illuminati or is that your way of saying you don't fully understand the Fed's reports?
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  9. Hilarious. But some people will say that unironically.
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  10.  @QuizmasterLaw  don't be ridiculous. People were indiscriminately buying emergency goods like bottled water and predicting the literal apocalypse. One economist predicted a ten year bear market and 8 figure death rate predictions were the norm.
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  11.  @QuizmasterLaw  dude, people panicked. It was very annoying at the time all the insane stuff people were saying, and the contemptuous stuff at the other end where people licked store shelves to mock quarantine.
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  12.  @QuizmasterLaw  there was never any threat of that occurring. And the literal conspiracy theory you're touting is quite the bizarre 4d chess that would be impossible to conceal and couldn't possibly work.
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  13.  @TheImperatorKnight  an ex-hedge fund manager who bet against the housing market before the crash. He looks for insane levels of mispricing of companies/industries and bets they will eventually resume fair value.
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  14.  @davidburroughs2244  dude, most central banks are funded with tax dollars and sometimes knowingly operate at a net loss.
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  15.  @johnweatherby8718  yeah, but that doesn't necessarily cover worker's sallaries. This is why we have government bureaus, because they can pick up jobs that will never be profitable.
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  16. Your country is has an eventful economy. A localized crisis of some sort every decade or so on top of global problems. One decade you're the fastest growing Latin American state, the next you're the brokest Latin American state.
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  17. Inflation doesn't cause bubbles, speculation does and the indiscriminate buying of investment vehicles. I.E. if people think an industry could not possibly fail (like green energy) then it's probably in a bubble. But the Weinmar Republic was depressed enough that most investments were worthless (including government loans) due to economic uncertainty and inflation eating away any profits.
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  18.  @Vitross  no. They definitely aren't. Unless your name is John Law or Walpole. The Housing Bubble, for instance, had nothing to do with any government policy. It was produced demand for houses and mortgages as investment vehicles artificially driving up the supply of both due to the myth they were as safe an investment as government bonds.
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  19.  @TheImperatorKnight  Inflation isn't interest rates. Inflation is the rate the value of money falls (the opposite of deflation is possible). Interest rates is what the government will pay/charge for their loans, which ripples down as that effects what rates banks give loans at. Hypothetically central bank policy can cause bubbles, see the South Sea and Mississippi Bubbles for instances of where schemes to pay off government debt got weird. But most bubbles are caused by... Well, dumb investors and unreasonable expectations. Like back in the days people thought the price of houses "goes nowhere but up." Or when people were so excited about home computers that any company with .com in the name saw a 400% boost in share price.
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  20.  @Vitross  not where I'm from they ain't. For obvious reasons the central bank in the US isn't even controlled by the politicians, it's an independent sallaried body that makes its own rules.
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  21. Because it's a bond.
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  22.  @janehrahan5116  don't you have a court date to ignore? There's no combination of facts that renders everything I said wrong.
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  23. That's also true. Naval blockades and aerial bombardments can actually cause inflation because there's the same amount if money in circulation but less to buy with it.
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  24. Where you're from, maybe. But in most civilized countries central banks don't make a dime off money printing. The conflict of interest where decisionmakers want to keep taxes low and budgets high, however, shouldn't be forgotten.
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  25.  @nedkelly4825  who is "they?" Daniel was speaking of central banks in general.
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  26.  @nedkelly4825  you made some long remark with links about something a central bank might say.....
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  27.  @nedkelly4825  definitions of words change all the time.
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