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The Fed affects the Federal funds rate, not the rate for

Posted on: March 3, 2021 at 20:02:27 CT

SparkyStalcup MU

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M.O.B. Votes:

T-Bills, at least not directly. They can have some influence through open market operations, but that effect is diluted when the Fed funds rate is zero.

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MESSAGE THREAD

Just passed 28 trillion on the debt - Chievous'Bandaid MU - 3/3 18:57:55

oh the places I'd go with that money - lqf2b8 MU

- 3/3 21:37:32

That would be enough to fund a colony on Mars and get the - TigerMatt - 3/3 22:32:42

And that is only a concern when the other guys rise(nm) - raskolnikov MU - 3/3 21:26:41

everyone should be angry - fatrat MU - 3/3 20:32:17

Not after a Trillion and a half tax cut, but now? - raskolnikov MU - 3/3 21:32:46

Tax cuts have nothing to do with it. It is a spending - TigerMatt - 3/3 22:25:09

And? Nm - SparkyStalcup MU - 3/3 19:10:56

And...it's going to take a lot of theft to service that debt - ummmm MU - 3/3 19:13:16

Define theft nm - SparkyStalcup MU - 3/3 19:17:37

the forceful taking of property without consent - pickle MU

- 3/3 19:26:00

You are truly an idiot(nm) - Panthera MU - 3/3 19:20:19

Taking property without right to it. (nm) - ummmm MU - 3/3 19:20:13

So why would taxes constitute theft? Did the government - SparkyStalcup MU - 3/3 19:25:57

Yes, of course (nm) - 90Tiger STL - 3/3 21:07:49

What did they do? Nm - SparkyStalcup MU - 3/4 00:44:39

Yes, absolutely (nm) - mizzouSECedes STL - 3/3 19:43:05

Yes. Exactly. (nm) - ummmm MU - 3/3 19:28:55

What exactly? Did the governed not duly elect its - SparkyStalcup MU - 3/3 19:32:19

Correct. That has not occurred. - ummmm MU - 3/3 19:33:36

Yes, we have not had a coup since 1776, and we - SparkyStalcup MU - 3/3 19:34:54

So you admit calling the capital riot a coup is bullshyte? - RHAYWORTH MU - 3/3 20:22:39

A coup would require regime change. Nm - SparkyStalcup MU - 3/4 00:28:40

😳 (nm) - MIZ45 MU - 3/3 19:36:17

My last post was ambiguous at first. Check my edit.(nm) - ummmm MU - 3/3 19:35:54

Ok, which election since 1776 was suspect? Also, is - SparkyStalcup MU - 3/3 19:40:40

2016. (nm) - ummmm MU - 3/3 19:41:32

What was suspect about it? Nm - SparkyStalcup MU - 3/3 19:42:18

RE: What was suspect about it? Nm - MIZ45 MU - 3/3 19:44:42

Russian interference. (nm) - ummmm MU - 3/3 19:43:41

So I'm guessing we brought the Russians to justice - SparkyStalcup MU - 3/3 19:46:46

I sure hope so. I'd like a refund of all taxes taken from - ummmm MU - 3/3 19:48:19

I don't remember a change in president since 2016 - SparkyStalcup MU - 3/3 19:52:52

Probably. The extent of Russian interference is unknown - ummmm MU - 3/3 19:56:58

Ah, so no one actually did anything about the alleged - SparkyStalcup MU - 3/3 20:03:53

No, it hasn't been retroactively corrected - ummmm MU - 3/4 07:34:14

Gvmt has never had consent of the governed (nm) - pickle MU

- 3/3 19:27:13

Ah, but that isn't really true, is it? Nm - SparkyStalcup MU - 3/3 19:27:52

Yes, it’s really true - pickle MU

- 3/3 19:30:55

No, of course what you say is not true, at least not in a - SparkyStalcup MU - 3/3 19:33:58

yeah, that’s a lie and myth - pickle MU

- 3/3 19:44:14

Ahhh, the ever "present" pickle reason and logic. So now we - SparkyStalcup MU - 3/3 19:59:56

Oh. Changing the subject. - pickle MU

- 3/3 20:04:42

No, not really. All of these things are related. You - SparkyStalcup MU - 3/3 20:12:14

Yes, really. You just changed the subject - pickle MU

- 3/3 20:23:42

That's exactly true. There's the way the world is, and - SparkyStalcup MU - 3/4 00:30:54

if interest rates go up, I'm not sure that there's enough - ashtray UF - 3/3 19:14:24

Interest have to go up - raskolnikov MU - 3/3 21:37:26

wut? (nm) - ashtray UF - 3/4 10:07:18

So is all that debt at a fixed rate, or is it adjustable? Nn - SparkyStalcup MU - 3/3 19:18:24

What percentage of your portfolio is in US treasuries? - Chievous'Bandaid MU - 3/3 19:23:55

Interest rate is well below inflation, yes? So the goverment - SparkyStalcup MU - 3/3 19:27:21

Demand for US debt is disappearing - Chievous'Bandaid MU - 3/3 19:35:28

It is? A look at T-bill rates says differently. Nm - SparkyStalcup MU - 3/3 19:44:36

...as buttressed by the Fed. (nm) - ummmm MU - 3/3 19:49:04

The Fed affects the Federal funds rate, not the rate for - SparkyStalcup MU - 3/3 20:02:27

"buttressed" is another way of saying "supported" - ummmm MU - 3/4 07:33:34

Why is the fed needed to buy all this debt if demand is so - Chievous'Bandaid MU - 3/3 19:46:22

He's talking about notes that haven't even been - ummmm MU - 3/3 19:21:58

That very well could be; however, does the government - SparkyStalcup MU - 3/3 19:30:40

The govt makes some loans, I guess. But its consumption - ummmm MU - 3/3 19:38:52

I use the term inflation in the intended sense, not in - SparkyStalcup MU - 3/3 19:50:36

Unabashed projection. - ummmm MU - 3/3 19:59:40

If more money is printed, but no spends it, does inflation - SparkyStalcup MU - 3/3 20:14:31

of course it does (nm) - ashtray UF - 3/4 10:09:59

Yes, inflation occurred by the printing of money.(nm) - ummmm MU - 3/4 07:31:38

And thats bad. - Chievous'Bandaid MU - 3/3 19:12:08

he's an MMT believer (nm) - ashtray UF - 3/3 19:12:28

at what point does it become irreversible? - ashtray UF - 3/3 19:01:05

Wen the fed started buying debt it was the start. - Chievous'Bandaid MU - 3/3 19:02:59

it's fiat currency. of course it's a scam (nm) - ashtray UF - 3/3 19:03:46