Reply to Quantitative Easing Explained

Is quantitative easing really so bad? Not if you want to create jobs, but maybe if you want to buy alarm clock radios for $1.99-----
The world uses the dollar as the standard, which whether right or wrong gives the U.S. a powerful influence over the global economy. A weaker dollar is beneficial to us, Americans, in that we can pay debts in the weaker currency (a much better proposition than paying debts in a stronger $ later). All these arguments about inflation, devaluation of the dollar & wealth from savings are great theories.... but we are the US, we don't have savings... we have 13+ trillion in debt & many of our citizens are in similar positions with big debt & little savings. So if you are afraid of the $ losing value keep in mind that is good for your debt & bad for your savings... so maybe you should use some of your savings to pay off your debt! You have no debt & tons of savings? Well then buy some gold already.... but don't just whine about inflation because a FOX opinion show told you to. I am not saying QE doesn't bring down the dollar... I'm saying when you are in the hole to the whole world & you make the poker chips you get to make some of the rules. $600 billion isn't going to cause a trade/currency war, it's just going to furrow some brows & help us get out of this mess.

CPI keeps coming up, so check out specific prices of specific items in any location right here: http://data.bls.gov:8080/PDQ/outside.jsp?survey=ap

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[Sonofman1231]

Has anyone noticed what is happening with Switzerland right now? Sounds like they are wishing their currency were weaker.... you know like that "crazy" idea I floated here earlier. Check out the WSJ for these two stories: UPDATE: Switzerland Caps The Franc Amid Threat Of More Action ...... and..... Swiss Supermarkets Cut Prices on Franc Strength

[Sonofman1231]

Still with the the Zimbabwe comparisons? Wow... inflation today: 3.6% Inflation average since 1913: 3.24% Get a grip. QE was rightfully battling deflation and most of you have missed the point and spent too much time watching conspiracy videos and campaign rhetoric from Ron Paul. Socialism? Please.

[KuhoinX]

the basic effect of QE is to increase money supply through expanding balance sheet which leads to INCREASING inflation, INCREASING asset price, LOWERING long term interest rate, POSSIBLE currency depreciation, and it is an uncommon way of stimulating economy. before subprime crisis only japan was notably using this method because their call rate is at zero percent

[BudDub67]

@Sonofman1231 A quick glance at the like (or in this case the dislike) bar will clearly show which video about quantitative easing is correct :)

Thumbs up for correct information. Dislike this video of misinformation.

[dleksen]

Study the Austrian Business Cycle Theory!!!

[dleksen]

Hey, give me 10 trillion dollars. Problem solved.

[dart7585]

@sonofaman, just change your name to slaveofaman.

[skmarden]

The Goldman Sachs is behind this silly curtain.

[jme6141994]

I went to the grocery store today. Everything costs more.

[2cruela]

if this is such a great idea then print enough to pay off all the debt and then there will be no interest payments either,,,lets take it a step further, let everyone print enough to pay off their personal debt to...its getting even more fantastic, lets print even more so we can all have a million dollars..wowowowowow

[WAKEUPNOWDAMMIT]

OK. I dont do this very often but... FUCK OFF!!! WE'RE NOT BUYING YOUR FUCKING BULLSHIT ANYMORE YOU VAMPYRIC SONS OF BITCHES!!!... "SONS OF BITCHES ALL"

[SuperSpaceMaster]

You stole Darth Vader's lightsaber...oh wait, that is the dislike bar.

[njnyhc]

If weaker currency is helpful for an economy, than pre-Nazi Germany should have been an economic powerhouse. Why were Germans burning marks for fire??? The mark was worthless, and it was cheaper to burn marks than firewood. Is this what we ultimately want???

[brandonofthedead]

HAHAHA I think Goldman Sachs funded this "explanation" video.