Article that explains the REPO episode and bigger meaning.... | Precious Metals Message Board Posts

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Msg  210424 of 211047  at  10/13/2019 4:41:48 PM  by

creaturecomphort


 In response to msg 210412 by  jims101
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Re: Article that explains the REPO episode and bigger meaning....

 
I don't like the use of "QE for the people" in this article.  The gov't is not securing my debt or giving me money to deposit with the Fed for 2% risk free.  In fact near as I can tell nothing has changed for me, one of the people. If QE for the people was like it is for the banks it would be free money.  $1.3T would be about $4k for every legal citizen.  The Fed will easily hit $1.3T in the next 1.5 years. 
 
That would be inflationary .  Since this new QE money is not really going to "we the people" it is going somewhere else.  Putting $ into infrastructure thru prolific gov't spending is not the same QE for the people.  It is probably going to the banks as the prime beneficiary, and then a smidgen to people thru public works.  So I don't believe inflation will be rapid.  More of the same.


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