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    • Tue, Aug 12, 2014 - 11:16am

      #10
      Merle2

      Merle2

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      Is the hot money hot?

    [quote=Wendy S. Delmater]

    Merle2, I don't think that's what SagerXX meant by "hot money."

     

    [/quote]

    Ah, I see, the money is "hot money" but the money is not "hot". Got it.

    Which brings up an interesting question: Is it more accurate to define the money created by the Fed in QE as "hot" (stolen) or as "hot money" (fluid).

     

     

    • Mon, Aug 11, 2014 - 10:57am

      #7
      Merle2

      Merle2

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      Right, but I work hard

    Right, but I work hard for $40,000, and the Fed can get the same amount of money for free. And my $40,000 and their $40,000 compete in the same marketplace.

    If the money is "hot"–that is, illegal and wrong– then we should have shut the whole QE process down. If it was necessary to maintain the money supply, then why didn't the money they printed come to me?

     

    • Sun, Aug 10, 2014 - 05:54pm

      #5
      Merle2

      Merle2

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      Let’s see, they printed $3

    Let's see, they printed $3 trillion and there are 300 million people in America. Ok what does that come out to per capita?  Hmm. Why didn't they just give us each an equal share? That comes out to $10,000 per person. Golly, my family could have used the $40,000 that would have been our share. And we would have done a lot to stimulate the economy if we had been given that money.

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