QE3 was just announced. Do you think it will hurt the average American in the l

Jump to Last Post 1-6 of 6 discussions (8 posts)
  1. AJReissig profile image75
    AJReissigposted 6 years ago

    QE3 was just announced.  Do you think it will hurt the average American in the long run?

  2. profile image0
    JThomp42posted 6 years ago

    I really can't see where it will help those who need employment now.

  3. Billy Hicks profile image77
    Billy Hicksposted 6 years ago

    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.

  4. profile image0
    danielabramposted 6 years ago

    I think it will help the Americans in the long run because it will stimulate the economy.

    1. Mitch Alan profile image81
      Mitch Alanposted 6 years agoin reply to this

      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.

  5. CR Rookwood profile image80
    CR Rookwoodposted 6 years ago

    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. smile

  6. lone77star profile image84
    lone77starposted 6 years ago

    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.

    1. lone77star profile image84
      lone77starposted 6 years agoin reply to this

      Here's a 4-1/2 minute video on the effects of QE1, 2 and Infinity.

      https://www.youtube.com/watch?v=hf2WAw81OqQ

 
working

This website uses cookies

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://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis 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 ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis 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 LibrariesJavascript 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 SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis 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 YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis 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 LoginYou 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)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe 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 PixelsWe 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 AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore 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 PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)