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Expect this as my response to you going forward. Nothing else needs to be said. You're fuckin' drunk on central planning stupidity.
Lick my wounds?
You do not even know what you're talking about. Neither does Kinura. He believes the fed can increase its balance sheet indefintely and also that the federal reserves QE efforts havent resulted in any change to supply. Here is a clue for him. This one will completely go over your head, Dot.
What is the moneatary base? I'll leave good ol' Kimura to come out again with some repeater and play make believe that when the federal reserve creates credits to buy assets from banks, it does, in fact, change the monetary base. High powered changes the supply of demand deposits through loan-making.
Now, before our resident Kimura comes in to say "but the federal reserve makes it so that banks can not lend out these reserves." But, they can later and our resident Kimura here says that it's no problem. Because the federal reserve can continue to buy endlessly and increase its balance sheet to say, oh, who cares? 200 trillion even. It doesn't matter. But it actually does matter. And I am sure our resident Kimura knows that and why it is important. But does not like to address such things when the agenda is to say that QE is simply an asset swap and that additional bank reserves aren't lent out or turned into currency.
Of coure, this misses the essential point I've brought up and even after so, we continue to play "repeater". As if i need our resident Kurmit to explain monetary affairs to me.
its fuckin' boring. And there are no wounds to be licked or tended to.
And lastly, Dot, I'm not the moron who though the Volcker rule meant increased capital reserve requirements.
^ ummm..... maybe in Randianworld higher reserve capital req'ts are a bad thing.
Forcing them to keep adequete reserves to cover their zany bets is a good thing in grown-up world.