e****g
发帖数: 469 | 1 这个是我看过的最好的讨论，看完以后，我认为deflation可能更大，下面是一些关于
fed 的论点：
The Fed is a private business unable to give away money
The Fed would not give away money even if it could. Ultimately it would
destroy their own wealth and power.
The Fed can provide liquidity (loans) but not capital (money). However,
liquidity is a coward in the face of rising defaults.
The Fed can encourage but not force banks to lend or consumers of businesses
to borrow.
The Fed can at most control either interest rates or monetary printing | e****g
发帖数: 469 | 2 More quotes：
Here is something I wholeheartedly agree with Schiff about: "American[s]
have borrowed so much money that we can not afford to repay".
Debt that cannot be repaid will not be repaid by definition. It will be
defaulted on. That is the very essence of deflation. Rising foreclosures and
credit card delinquencies are already proof of concept.
Here is a second statement by Schiff that I wholeheartedly agree with: "
There will be wide-spread unemployment, and assets prices, such as stocks, |
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