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originally posted by: Xcalibur254
a reply to: randomtangentsrme
How so though?
$1.5 trillion is more than enough to forgive student loan debt. That alone means there's now millions of people with hundreds of extra dollars in disposable income every month. That is hundreds of millions of extra dollars bung injected into the economy on a monthly basis. But we've been told this is not financially viable.
Meanwhile, what the Fed did today sounds more or less like a bailout. Something that only helps the wealthiest of us, in the hopes that they'll share the wealth. Which they never do.
originally posted by: Xcalibur254
explain to me why there is no money to fund things like universal healthcare, or student loan forgiveness but the Fed can suddenly produce $1.5 trillion to help out Wall Street?
but can someone explain to me why there is no money to fund things like universal healthcare, or student loan forgiveness
originally posted by: dawnstar
a reply to: rickymouse
But if the value was overinflated, probably because of fed and govt manipulation, then you really didnt lose as much as you think.. at least some of that loss was a necessary adjustment that would have happened sooner or later anyway.
Like at the height of the real estate boom. The only ones who really lost money were those who actually bought the idea that the value was an accurate assessment and acted on it, either by buying at the inflated price or taking out a second mortgage on the new found equity in it. If you bought before the values started inflating and just held, you probably didnt lose much.
originally posted by: visitedbythem
a reply to: worldstarcountry
We are just heading in to a crisis. I wont be buying for at least a month. The fact the FED is injecting that much money should make us all very worried, but what I see on here is " Tommy got an ice cream bar, where is my snow cone". The reason they are dumping that much money into the market, is because they are worried about a continued stock market slide, right into a full on crash worse then 1929. They are worried about far worse panic then we are currently seeing.
My 401K was all in a stable money account when the market fell. As long as it holds together through the current mess, we stand to make hand over fist money on stocks when it starts shooting back up.
Im hearing that there will be an announcement from the White House Friday, about a 2-4 week mandatory quarantine starting very soon, to lower the curve on new infections. They don't want the hospitals over run all at once. That is why Donald Trump looked the way he did yesterday. It is something he does not want to do
originally posted by: Gandalf77
Corporate socialism.
Welfare for the plutocrats.
originally posted by: dawnstar
a reply to: putnam6
But, the problem not so much with the student loans as with just the cost of a college education, is that it is putting our workforce at a disadvantage to the rest of the world. A workforce that isnt carrying a high amount of student loan debt is gonna be a cheaper labor force simply because they can be. Which means that companies in other countries that offer low cost higher education can produce the goods and services at a lower cost. And companies here in the states will be more likely to snag those who immigrated from those countries before our own.