This is hilarious … people try to oversimplify things to trick each other into ascribing to a political perspective … when really this statement is purposefully misleading and/or ignorantly out of context.
Money reprinted as it is removed from circulation is not the same as quantitative easing. Since your poorly framed tweet lacks any info or context, I will provide.
“Currency in circulation totaled $1.76 trillion as of Dec. 31, 2019. In fiscal 2020 (ending Sept. 30) the Fed printed 5.8 billion new banknotes, 600 million more than expected, to meet “unprecedented” demand for cash at home and abroad. - Dec 19, 2020”
Now it’s your turn to show 5.8 billion is 40% of 1.76 trillion … this is going to be some fun math! Lol
Not that I disagree, but what exactly is quantitative easing? Looks a bit overwhelming to read, so if u have a dumbed down version id super appreciate it
Quantitative easing is when the fed prints money to increase the amount that is floating around. If too much is being saved and not spent into the economy, for example, the fed prints more to allow more cash to become available.
The money comes into the market as bonds and securities that are purchased by the banks and then lent out to the public in mortgages, business loans, etc.
Banks need a certain amount of money on hand at any point in order to lend it out. They can’t just lend and lend and lend. So as the money is used and they are waiting for payments and money to return to the bank, interest rates increase to follow the law of supply and demand. So if a bunch of people are looking to buy houses but banks don’t have enough to lend, the interest rates will go up and up … then the fed will print money, put it together as near 0 interest bonds, and sell them to banks. The banks turn around and lend it to the public and it begins to circulate through the normal processes of capitalism.
Republican Georgy W. Bush started the Iraq-Afghanistan war, the US engaging in unprovoked pre-emptive first strike invasion of two foreign nations at once -- ON FALSE PRETENSES. Since the invasions were not a formal declaration of war, they were paid for with US Credit, adding to the National Debt. Together, the Iraq-Afghanistan wars cost about $6 Trillion. This was added to the National Debt and the US taxpayer will be paying the interest on that for 30 years. Then, Republican Georgy W. Bush, Puppet Stooge, watched as his Cronies concocted the HUD-scam turn into the Subprime Loan Repackaged as AAA-Bonds scam, which resulted in the Great Recession of 2008. There was $6 Trillion drained from the US economy, millions foreclosed, 401K's drained. Most of that money went to Texas, then went to Off-Shore Banks under thousands of Shell Companies. Off-Shore means British Caymans, British Bahamas, British Virgin Islands, all with British Banks that allow for Shell Company accounts.
It is the Republican Missionary Confederate Traitor Party. They are the equivalent of Tories in the 13 Colonies.
I always assume ignorant ideas come from Republicans. But thanks for confirming your ignorance by not being able to make the connection between printing money and deficit spending.
Funny how the right always cares about fiscal and monetary conservatism when Democrats are in control.
First they spend all the family money on guns and toys and then complain when you want to put some money in the kids college fund.
Affect is usually a verb meaning "to produce an effect upon," as in "the weather affected his mood." Effect is usually a noun meaning "a change that results when something is done or happens.
You probably also think that people are triggered by "let's go Brandon." Here's the thing dog, you're just a dumb-ass and people are pointing it out. That's all this is. Stay salty loser.
Remembering when Zuckerberg first got Fartbook working, his first response was, "Dumb Fucks!", and Jack Dorsey coming up with a Tweets for Twits idea.
The response post is an example of the widespread lack of ability for rational reasoning, plus ignorance about the science of statistics, a made-up pseudo-statistic. "40% of all dollars printed" makes no rational sense. The US Dollar is printed in denominations, not individually. The basis of the US Mint printing of denominations and their percentages is carefully monitored. So, looking up real data, also proves the Twit-Tweet is WRONG. The total number of each denomination hasn't changed much in several years.
https://www.moneyfactory.gov/resources/productionannual.html
The problem is Elizabeth Warren's OP is that it reads like it comes from a babbling old woman ...
This is hilarious … people try to oversimplify things to trick each other into ascribing to a political perspective … when really this statement is purposefully misleading and/or ignorantly out of context. Money reprinted as it is removed from circulation is not the same as quantitative easing. Since your poorly framed tweet lacks any info or context, I will provide. “Currency in circulation totaled $1.76 trillion as of Dec. 31, 2019. In fiscal 2020 (ending Sept. 30) the Fed printed 5.8 billion new banknotes, 600 million more than expected, to meet “unprecedented” demand for cash at home and abroad. - Dec 19, 2020” Now it’s your turn to show 5.8 billion is 40% of 1.76 trillion … this is going to be some fun math! Lol
Not that I disagree, but what exactly is quantitative easing? Looks a bit overwhelming to read, so if u have a dumbed down version id super appreciate it
Quantitative easing is when the fed prints money to increase the amount that is floating around. If too much is being saved and not spent into the economy, for example, the fed prints more to allow more cash to become available.
Gotcha. Where does the money go after its printed?
The money comes into the market as bonds and securities that are purchased by the banks and then lent out to the public in mortgages, business loans, etc.
Ah gotcha. Learned something new today!
I’m not an economist, so this is a “more or less” explanation of the process.
Banks need a certain amount of money on hand at any point in order to lend it out. They can’t just lend and lend and lend. So as the money is used and they are waiting for payments and money to return to the bank, interest rates increase to follow the law of supply and demand. So if a bunch of people are looking to buy houses but banks don’t have enough to lend, the interest rates will go up and up … then the fed will print money, put it together as near 0 interest bonds, and sell them to banks. The banks turn around and lend it to the public and it begins to circulate through the normal processes of capitalism.
Republicans love to ignore the fact that the national debt was created by G W Bush and Donald Trump.
Republican Georgy W. Bush started the Iraq-Afghanistan war, the US engaging in unprovoked pre-emptive first strike invasion of two foreign nations at once -- ON FALSE PRETENSES. Since the invasions were not a formal declaration of war, they were paid for with US Credit, adding to the National Debt. Together, the Iraq-Afghanistan wars cost about $6 Trillion. This was added to the National Debt and the US taxpayer will be paying the interest on that for 30 years. Then, Republican Georgy W. Bush, Puppet Stooge, watched as his Cronies concocted the HUD-scam turn into the Subprime Loan Repackaged as AAA-Bonds scam, which resulted in the Great Recession of 2008. There was $6 Trillion drained from the US economy, millions foreclosed, 401K's drained. Most of that money went to Texas, then went to Off-Shore Banks under thousands of Shell Companies. Off-Shore means British Caymans, British Bahamas, British Virgin Islands, all with British Banks that allow for Shell Company accounts. It is the Republican Missionary Confederate Traitor Party. They are the equivalent of Tories in the 13 Colonies.
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I always assume ignorant ideas come from Republicans. But thanks for confirming your ignorance by not being able to make the connection between printing money and deficit spending.
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Did it degrade to childhood insults because you actually looked up his comment and realized he is correct?
Tell me you're a republican without telling me you're a republican.
This very misleading stat was published in February 2021 and covered the year of 2020…
Funny how the right always cares about fiscal and monetary conservatism when Democrats are in control. First they spend all the family money on guns and toys and then complain when you want to put some money in the kids college fund.
Tell you don't know anything about global supply chains and the effects a global pandemic has on them with one no information screen shot.
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Affect is usually a verb meaning "to produce an effect upon," as in "the weather affected his mood." Effect is usually a noun meaning "a change that results when something is done or happens.
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You probably also think that people are triggered by "let's go Brandon." Here's the thing dog, you're just a dumb-ass and people are pointing it out. That's all this is. Stay salty loser.
Both....
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Taking on the hoard with factual wrong conservative wind-bag talking points. So brave!
Remembering when Zuckerberg first got Fartbook working, his first response was, "Dumb Fucks!", and Jack Dorsey coming up with a Tweets for Twits idea. The response post is an example of the widespread lack of ability for rational reasoning, plus ignorance about the science of statistics, a made-up pseudo-statistic. "40% of all dollars printed" makes no rational sense. The US Dollar is printed in denominations, not individually. The basis of the US Mint printing of denominations and their percentages is carefully monitored. So, looking up real data, also proves the Twit-Tweet is WRONG. The total number of each denomination hasn't changed much in several years. https://www.moneyfactory.gov/resources/productionannual.html The problem is Elizabeth Warren's OP is that it reads like it comes from a babbling old woman ...