QE3 was just announced. Do you think it will hurt the average American in the long run?
I really can't see where it will help those who need employment now.
I don't think it's good, not by any means, but Bernanke said it himself:
"Employment remains a grave concern. Weak job market should concern every American."
Getting people back to work is the key, without it, everything else is just a stop-gap. Right now you have 8% (I'm using the "official" numbers from the BLS, not the "real unemployment rate" that people claim is almost 25%) of the population paying $0 in Federal taxes.
Granted, I'm in Politics not Economics, but I don't see how the problem gets better until there are some drastic employment gains.
I think it will help the Americans in the long run because it will stimulate the economy.
Then why did QE1 and QE2 fail? Printing more money and diluting the money supply is not the answer. If it were, then we wouldn't be where we are now.
I don't think it has much of anything to do with stimulating the economy or helping the average American. I think it has to do with maintaining the illusion of health on Wall Street, and giving people who sell securities for a living easy money to play with.
The economy is heavily financialzed now. A good chunk of GDP comes from this smoke and mirrors trading business, leaving the government with a problem--rein in Wall Street (like that is going to happen---not) and send us into another nose dive, or don't rein in Wall Street (this seems to be the most popular course of action at present) and wait for the next bubble/crash.
In both cases average Americans are in bad shape in the long run. But we're all so busy yelling at each other (after much media training) that no one really cares, leaving the bankers to get away with murder just a bit longer.
Wow, that sounded way more negative than I meant it.
Maybe I need a sandwich.
I think it will hurt 99% of Americans in the long run.
Everything the private Federal Reserve does is for their own selfish purposes, or the purposes of their owners -- the Rockefellers, Rothschilds and other Power Elites.
The actions of the Fed put a stranglehold on America when the Great Depression happened. Instead of easing the situation, the Fed's actions deepened the suffering and prolonged the depression far longer than it should have been. They could've helped America bounce back, but forcing America into such suffering made it easier for politicians to do some wicked things, like stealing everyone's gold.
The Fed makes those who know the cycles get richer from both the booms and the busts, wiping out more and more middle class, transferring their property to the Power Elite.
One of the major problems with the Fed is that it's private. If you don't think so, go to one of the regional Fed banks and look at the "private property" signs. Try to film on their property. You will be politely asked to leave their private property. It's not "federal" at all.
Another problem is that it's secret. What do they do with the hundreds of billions we give them each year in tax dollars -- directly from the IRS to the FRS -- from a government agency to a private bank with lots of secrets.
Another major problem is the fact that each dollar is created as a dollar of debt PLUS interest. So, if we were just starting out and the Fed created $1, you might owe the Fed $1.10 for that first dollar. How do you get the extra $0.10? The Fed has to create more debt. You can never pay it all off. You can never pay it off. Perpetual slavery to the bankers for a debt that can never be repaid.
Adding more zeroes to the balance sheet (effectively printing money) is inflationary if put into circulation. Those who get to use the money first (bankers) always come out on top.
Here's a 4-1/2 minute video on the effects of QE1, 2 and Infinity.
https://www.youtube.com/watch?v=hf2WAw81OqQ
by bonnebartron 12 years ago
I am extremely curious. I hear all the time that "Americans are Dumb" but I hear this from fellow Americans. If we all think the population is dumb, what does that make us? Everyone tells me "you are one of the less than 2% of thinking Americans" I don't think so. If I am, then...
by Grace Marguerite Williams 10 years ago
What are the main indicators that the average American is somewhat uninformed and gulliblein regards to electing political candidates to their respective offices whether local, state, and/or national?
by grinnin1 12 years ago
Wild rumors fly during campaign time, and one of them is that Obama has an anti-American agenda that he has actively pursued and in the process has hurt our country. What do you think?
by Grace Marguerite Williams 7 years ago
What are the 6 ways that the typical/average American has become LESS INTELLIGENT& more like SHEEPLE w/n the past 30 years? How does this factor influences the typical/average American to obsess/worship celebrities, not using deductive/inductive discernment when electing political...
by IDONO 11 years ago
Did Romney confirm, again, how out of touch he is with the average American?Romney spoke of the importance of education and should be funded because our future depends on it. Then he stated that he would discontinue all funding for public television. Does he realize that the 47% he spoke of...
by Ronald Stephanie WISEMAN 11 years ago
How does the fiscal cliff effect me, the average American?
Copyright © 2024 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
Copyright © 2024 Maven Media Brands, LLC and respective owners.
As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.
For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy
Show DetailsNecessary | |
---|---|
HubPages Device ID | This is used to identify particular browsers or devices when the access the service, and is used for security reasons. |
Login | This is necessary to sign in to the HubPages Service. |
Google Recaptcha | This is used to prevent bots and spam. (Privacy Policy) |
Akismet | This is used to detect comment spam. (Privacy Policy) |
HubPages Google Analytics | This is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy) |
HubPages Traffic Pixel | This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. |
Amazon Web Services | This is a cloud services platform that we used to host our service. (Privacy Policy) |
Cloudflare | This is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy) |
Google Hosted Libraries | Javascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy) |
Features | |
---|---|
Google Custom Search | This is feature allows you to search the site. (Privacy Policy) |
Google Maps | Some articles have Google Maps embedded in them. (Privacy Policy) |
Google Charts | This is used to display charts and graphs on articles and the author center. (Privacy Policy) |
Google AdSense Host API | This service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy) |
Google YouTube | Some articles have YouTube videos embedded in them. (Privacy Policy) |
Vimeo | Some articles have Vimeo videos embedded in them. (Privacy Policy) |
Paypal | This is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy) |
Facebook Login | You can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy) |
Maven | This supports the Maven widget and search functionality. (Privacy Policy) |
Marketing | |
---|---|
Google AdSense | This is an ad network. (Privacy Policy) |
Google DoubleClick | Google provides ad serving technology and runs an ad network. (Privacy Policy) |
Index Exchange | This is an ad network. (Privacy Policy) |
Sovrn | This is an ad network. (Privacy Policy) |
Facebook Ads | This is an ad network. (Privacy Policy) |
Amazon Unified Ad Marketplace | This is an ad network. (Privacy Policy) |
AppNexus | This is an ad network. (Privacy Policy) |
Openx | This is an ad network. (Privacy Policy) |
Rubicon Project | This is an ad network. (Privacy Policy) |
TripleLift | This is an ad network. (Privacy Policy) |
Say Media | We partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy) |
Remarketing Pixels | We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites. |
Conversion Tracking Pixels | We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service. |
Statistics | |
---|---|
Author Google Analytics | This is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy) |
Comscore | ComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy) |
Amazon Tracking Pixel | Some articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy) |
Clicksco | This is a data management platform studying reader behavior (Privacy Policy) |