We’re Already in a Depression

[Smitty-48]

The thing about money is not the amount. It's the velocity.

Money needs to move, needs to get into the hands of the people.

How much is not as important as how fast.

This is how America pulled the world out of the Great Depression.

World World Two was big spending, but the most important thing was the speed.

Cash starved America was flooded with cash, not over forty years, just four years.

It was a kick start. Got the engine running again.

Then they inflated the debt.

That was the Post War Boom which Americans view today as being the good ol' days.

New Deal is not enough. If you want exponential effects, you have to go bigger in a shorter period of time.

[Smitty-48]

Due to thermonuclear weapons, you can't fight another World War Two.

There is a paramilitary solution however.

Space.

Space War.

Space Program.

Not slowly over decades.

Emergency start, full thrust.

[brewster]

If extraordinary sums of money need to be spent to stimulate the economy, most people on Earth, and even most Americans, would prefer that it be spent reversing the climate catastrophe we are creating.

[StCapps]

If extraordinary sums of money need to be spent to stimulate the economy, most people on Earth, and even most Americans, would prefer that it be spent reversing the climate catastrophe we are creating.

Okay AOC, sure they do. Keep living in that bubble.

[Smitty-48]

If extraordinary sums of money need to be spent to stimulate the economy, most people on Earth, and even most Americans, would prefer that it be spent reversing the climate catastrophe we are creating.

Okay AOC, sure they do. Keep living in that bubble.

Not only is Green tech not going to be a WWII jump start, it's not even a new deal. All that is routine economy, won't get the slightest bump out of it.

To kick start America to next level, it has to be a boost well in excess of the routine, only a balls to the wall space program can get it to Post War Boom effects. Plus you get the spinoff tech which improves everything, including the Green tech.

[Martin Hash]

Inflation isn’t even close to matching the money supply. Right now, 1000 100-billionaires could buy every real thing in America.

[Martin Hash]

I think everyone who spoke about the expanding money supply in this thread recognized that it’s almost entirely going to The Rich.

[StCapps]

I think everyone who spoke about the expanding money supply in this thread recognized that it’s almost entirely going to The Rich.

It's not. People who are in the middle class ten years ago don't all stay in the middle class. It's the formerly middle class getting rich enough to no longer be in the middle class and thus not being counted among the middle class anymore that is causing the income inequality to go up between the formerly middle class and the new people entering the middle class from lower classes. People getting richer as they age and getting richer than the middle class they used to be in, is not a bad thing and neither is formerly poor people entering the middle class which lowers the average middle class income. It's not just a sign of all the gains going to rich either, because the rich didn't all start off rich, and the middle class didn't all start off middle class.

Many people who qualify as rich aren't even rich, their income was just at that level for one year when they sold a house or something, and then folks go pretending that one time windfall is example of the rich getting all the gains.

The problem is you are measuring via aggregated groups that are constantly in flux, and not tracking individual earnings over a lifetime. The gains are not all going to the rich, that's a myth.

[Martin Hash]

The Middle Class don’t participate in REPO loans, nor the equities being purchased by the Fed. (Though I agree the regular old Deficit goes everywhere.)

[Smitty-48]

The Middle Class don’t participate in REPO loans, nor the equities being purchased by the Fed. (Though I agree the regular old Deficit goes everywhere.)

The purchases of the Fed is the policy stimulus they are dining out on, record low interest rates.

May not be wise in terms of economics, but it's the middle classes demanding the credit for the things they want to buy,