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Thread: Druckenmiller: Fed robbing poor to pay rich

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    Re: Druckenmiller: Fed robbing poor to pay rich

    Quote Originally Posted by ItAin'tFree View Post
    So increased government theft of wealth is the answer? It isn't working now and has never worked in the past, anywhere.
    It is a single data point argument you folks are making. The excess money will be pulled out of the market or the dollar will flounder until the economy grows to support the money supply. When QE ends, stocks will start pulling way back and a lot of this imaginary paper wealth will disappear.

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    Re: Druckenmiller: Fed robbing poor to pay rich

    Quote Originally Posted by Montecresto View Post
    He doesn't want to see that, the billionaire is lying.
    Who is he? Obama is nothing more than part of the Dems.

    But if they don't want this, why do they keep doing it? (I already provided the answer)
    "“If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina; or Savannah, Georgia; or Jacksonville, Florida…” -Obama

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    Re: Druckenmiller: Fed robbing poor to pay rich

    Quote Originally Posted by ItAin'tFree View Post
    Who is he? Obama is nothing more than part of the Dems.

    But if they don't want this, why do they keep doing it? (I already provided the answer)

    He was Fisher and I was being sarcastic about the billionaire lying, sorry for the confusion.

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    Re: Druckenmiller: Fed robbing poor to pay rich

    Quote Originally Posted by Fisher View Post
    It is a single data point argument you folks are making. The excess money will be pulled out of the market or the dollar will flounder until the economy grows to support the money supply. When QE ends, stocks will start pulling way back and a lot of this imaginary paper wealth will disappear.
    If you have made millions in imaginary wealth using QE the last five years, sell all your stocks Monday. You will be busy counting "imaginary" money for awhile.
    "“If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina; or Savannah, Georgia; or Jacksonville, Florida…” -Obama

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    Re: Druckenmiller: Fed robbing poor to pay rich

    Quote Originally Posted by Montecresto View Post
    He was Fisher and I was being sarcastic about the billionaire lying, sorry for the confusion.
    No sweat. I should have considered that.
    "“If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina; or Savannah, Georgia; or Jacksonville, Florida…” -Obama

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    Re: Druckenmiller: Fed robbing poor to pay rich

    Quote Originally Posted by ItAin'tFree View Post
    If you have made millions in imaginary wealth using QE the last five years, sell all your stocks Monday. You will be busy counting "imaginary" money for awhile.
    It is like the Antique's Roadshow when they show old footage and then tell you if the estimate then is higher or lower than it is now. There are ways to make money on things going up; and ways to make it on things going down. He made his wealth as a hedge fund manager which might give you a clue that he is angling on something.

    He also thinks old people have stolen wealth from young people. It is just another one of those things to get free press as far as I can tell.

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    Re: Druckenmiller: Fed robbing poor to pay rich

    Quote Originally Posted by ItAin'tFree View Post
    So increased government theft of wealth is the answer? It isn't working now and has never worked in the past, anywhere.
    Go figure. Worked pretty well in busting the railroad tycoons. Worked decent following the Great Depression, too...but WW2 takes more credit in that dept. worked fantastically following WW2. Worked right on into the 60s. Late sixties, things took a turn. Then in the 80s it fell off a cliff.


    Funny stuff, that history.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: Druckenmiller: Fed robbing poor to pay rich

    Quote Originally Posted by Fisher View Post
    It is a single data point argument you folks are making. The excess money will be pulled out of the market or the dollar will flounder until the economy grows to support the money supply. When QE ends, stocks will start pulling way back and a lot of this imaginary paper wealth will disappear.
    Except that businesses operate on that imaginary paper wealth.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: Druckenmiller: Fed robbing poor to pay rich

    Quote Originally Posted by Fisher View Post
    It is like the Antique's Roadshow when they show old footage and then tell you if the estimate then is higher or lower than it is now. There are ways to make money on things going up; and ways to make it on things going down. He made his wealth as a hedge fund manager which might give you a clue that he is angling on something.

    He also thinks old people have stolen wealth from young people. It is just another one of those things to get free press as far as I can tell.
    Old people who are TOO old DO steal wealth from young people. They're all supposed to die about 15 years after SS payments start.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  10. #20
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    Re: Druckenmiller: Fed robbing poor to pay rich

    Quote Originally Posted by Fisher View Post
    It is like the Antique's Roadshow when they show old footage and then tell you if the estimate then is higher or lower than it is now. There are ways to make money on things going up; and ways to make it on things going down. He made his wealth as a hedge fund manager which might give you a clue that he is angling on something.

    He also thinks old people have stolen wealth from young people. It is just another one of those things to get free press as far as I can tell.
    Maybe he does want the free press. Lot's of folks do.

    If somebody has a legal angle to use to make money, so be it. Hedge fund managers have made millions, hedge fund managers have lost millions. But either way, he's right about QE.
    The poor and the middle are and will be even more screwed by it later.
    "“If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina; or Savannah, Georgia; or Jacksonville, Florida…” -Obama

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