[drunkle]

how many different aspects of government are keyed to inflation? wages, budgeting, taxation, trade policies, monetary policies, entitlements…

if your entitlements are going up due to inflation, you’re ok with that. but how would you feel if your entitlements were going down due to decreased inflation (or deflation)?

so, you save money by not increasing budgets according to real inflation and you save political capital by not having to either cut budgets or increase taxes during deflationary periods. badda bing badda boom, kill two birds with one stone.

[drunkle]

how many different aspects of government are keyed to inflation? wages, budgeting, taxation, trade policies, monetary policies, entitlements…

if your entitlements are going up due to inflation, you’re ok with that. but how would you feel if your entitlements were going down due to decreased inflation (or deflation)?

so, you save money by not increasing budgets according to real inflation and you save political capital by not having to either cut budgets or increase taxes during deflationary periods. badda bing badda boom, kill two birds with one stone.

[drunkle]

how many different aspects of government are keyed to inflation? wages, budgeting, taxation, trade policies, monetary policies, entitlements…

if your entitlements are going up due to inflation, you’re ok with that. but how would you feel if your entitlements were going down due to decreased inflation (or deflation)?

so, you save money by not increasing budgets according to real inflation and you save political capital by not having to either cut budgets or increase taxes during deflationary periods. badda bing badda boom, kill two birds with one stone.

[drunkle]

how many different aspects of government are keyed to inflation? wages, budgeting, taxation, trade policies, monetary policies, entitlements…

if your entitlements are going up due to inflation, you’re ok with that. but how would you feel if your entitlements were going down due to decreased inflation (or deflation)?

so, you save money by not increasing budgets according to real inflation and you save political capital by not having to either cut budgets or increase taxes during deflationary periods. badda bing badda boom, kill two birds with one stone.

[drunkle]

how many different aspects of government are keyed to inflation? wages, budgeting, taxation, trade policies, monetary policies, entitlements…

if your entitlements are going up due to inflation, you’re ok with that. but how would you feel if your entitlements were going down due to decreased inflation (or deflation)?

so, you save money by not increasing budgets according to real inflation and you save political capital by not having to either cut budgets or increase taxes during deflationary periods. badda bing badda boom, kill two birds with one stone.

[drunkle]

what i’m hearing from this thread is that the taf is indicative of a collapse in credit demand. that taf bids are lower than fed rate indicating a lack of demand, despite the annonymity that the taf provides over the discount window…

however, that conflicts with the fact of the existence of such demand for funds at all. that interbank lending is locked up and therefore last resort borrowing is being forced.

as for smaller banks not holding “risky” portfolios… triple a cdo’s weren’t risky at one point in time…

my question is, what is the fed’s authority to create the TAF? and who regulates it? the fed is exercising near autocratic power in simply conjuring up a money/junk bond laundering scheme.

and in a quick search for fdic premiums, it seems that the fdic does not charge for insurance for a majority of banks. bank failure being direct taxpayer bailout vs the fed throwing out a lifeline… either way the system is corrupt as all fck.

[drunkle]

what i’m hearing from this thread is that the taf is indicative of a collapse in credit demand. that taf bids are lower than fed rate indicating a lack of demand, despite the annonymity that the taf provides over the discount window…

however, that conflicts with the fact of the existence of such demand for funds at all. that interbank lending is locked up and therefore last resort borrowing is being forced.

as for smaller banks not holding “risky” portfolios… triple a cdo’s weren’t risky at one point in time…

my question is, what is the fed’s authority to create the TAF? and who regulates it? the fed is exercising near autocratic power in simply conjuring up a money/junk bond laundering scheme.

and in a quick search for fdic premiums, it seems that the fdic does not charge for insurance for a majority of banks. bank failure being direct taxpayer bailout vs the fed throwing out a lifeline… either way the system is corrupt as all fck.

[drunkle]

what i’m hearing from this thread is that the taf is indicative of a collapse in credit demand. that taf bids are lower than fed rate indicating a lack of demand, despite the annonymity that the taf provides over the discount window…

however, that conflicts with the fact of the existence of such demand for funds at all. that interbank lending is locked up and therefore last resort borrowing is being forced.

as for smaller banks not holding “risky” portfolios… triple a cdo’s weren’t risky at one point in time…

my question is, what is the fed’s authority to create the TAF? and who regulates it? the fed is exercising near autocratic power in simply conjuring up a money/junk bond laundering scheme.

and in a quick search for fdic premiums, it seems that the fdic does not charge for insurance for a majority of banks. bank failure being direct taxpayer bailout vs the fed throwing out a lifeline… either way the system is corrupt as all fck.

[drunkle]

what i’m hearing from this thread is that the taf is indicative of a collapse in credit demand. that taf bids are lower than fed rate indicating a lack of demand, despite the annonymity that the taf provides over the discount window…

however, that conflicts with the fact of the existence of such demand for funds at all. that interbank lending is locked up and therefore last resort borrowing is being forced.

as for smaller banks not holding “risky” portfolios… triple a cdo’s weren’t risky at one point in time…

my question is, what is the fed’s authority to create the TAF? and who regulates it? the fed is exercising near autocratic power in simply conjuring up a money/junk bond laundering scheme.

and in a quick search for fdic premiums, it seems that the fdic does not charge for insurance for a majority of banks. bank failure being direct taxpayer bailout vs the fed throwing out a lifeline… either way the system is corrupt as all fck.

[drunkle]

what i’m hearing from this thread is that the taf is indicative of a collapse in credit demand. that taf bids are lower than fed rate indicating a lack of demand, despite the annonymity that the taf provides over the discount window…

however, that conflicts with the fact of the existence of such demand for funds at all. that interbank lending is locked up and therefore last resort borrowing is being forced.

as for smaller banks not holding “risky” portfolios… triple a cdo’s weren’t risky at one point in time…

my question is, what is the fed’s authority to create the TAF? and who regulates it? the fed is exercising near autocratic power in simply conjuring up a money/junk bond laundering scheme.

and in a quick search for fdic premiums, it seems that the fdic does not charge for insurance for a majority of banks. bank failure being direct taxpayer bailout vs the fed throwing out a lifeline… either way the system is corrupt as all fck.

[drunkle]

this “rebate” has nothing to do with socialism.

[drunkle]

this “rebate” has nothing to do with socialism.

[drunkle]

this “rebate” has nothing to do with socialism.

[drunkle]

this “rebate” has nothing to do with socialism.

[drunkle]

this “rebate” has nothing to do with socialism.

[Author]

Posts