yup in socialism everything is owned by the "people" and by that of course they mean the state. and everything is distributed and provided by the state.
of course such an economy will run a huge deficit. which can only be supported by state organized international criminal activity and or huge ever growing debt see north korea.
How come QE hasn't caused a massive explosion of hyperinflation?
Where do you think that money came from? It's just new debt that was printed out of thin air.
Because the money went to banks not people. People's spending causes inflation. Lack of capital among people leads to deflation.
The money is going to those who already own huge chunks of non-cash assets, i.e. banks and their ilk.
The American consumer or business is a bad bet for lending right now because personal debt levels are off the charts. The people are just going to use that money to pay off debt, which will flow back to the banks. Where's the profit?
Invest banks can pump the money into the markets. Institutional banks are capped on how much they can have in the market but they're just sitting on the cash because lending to new business in America is a bad bet.
The real way to get the country out of its rut is to reduce household debt. But that would harm creditors, and creditors are the ones who bankroll elections.
Make sense?
On a related note, what is a good asset to have for when the current debt bubble collapses?
Bullets.
So much armchair tier retard info in this thread
"Free money to the banks"? You act like the 4 trillion in AE money has become yachts - yes the fact that they didnt go under allowed them to give themselves bonuses but youre getting way off topic
The QE money is never going to interact with the normal banking system - it cant cause inflation if it isnt apent on goods and services
Dude - go read up on "money creation" and "accounting" this zeitgeist tier reasoning isnt gonna fly around here
>On a related note, what is a good asset to have for when the current debt bubble collapses?
Cash.
I'm safe though, guys...right?
R-R-right?
If it is physical and in your personal posession the answer is yes. Do remember that there is historical precedent for governments confiscating gold and silver, so keep that shit secret and safe.