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Topic	82 percent of all wealth generated in 2017 went to the 1 percent
Darkman124 01/25/18 2:09:46 PM #27:	it can drive or support it, yes: we saw how the fed's bond buying programs buoyed the stock market. it is not the foundational driver of wealth. QE1-3 served to make bonds a non-viable asset class for other investors, who were forced to come to grips with their fear of the volatility of stocks and buy them anyway because they were the only available place to put their money. an infinite currency supply would not create infinite wealth. it would create hyperinflation. which is why we do not have an infinite currency supply. big numbers are not infinity. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:894783709] in 82 percent... [t:76241282]...</cite> <quote>it can drive or support it, yes: we saw how the fed's bond buying programs buoyed the stock market. it is not the foundational driver of wealth. QE1-3 served to make bonds a non-viable asset class for other investors, who were forced to come to grips with their fear of the volatility of stocks and buy them anyway because they were the only available place to put their money. an infinite currency supply would not create infinite wealth. it would create hyperinflation. which is why we do not have an infinite currency supply. big numbers are not infinity. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.</quote> ... Copied to Clipboard!
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