저자: PeterSchiff · 외국인
요약 보기
연준의 메인스트리트 대출 한도 축소(25만→10만 달러)는 민간 은행이 신용도 낮은 소기업에 대출하지 않으려는 상황을 보여주며, 이는 정부가 사실상 부실 기업을 연명시키는 것이다. 연준이 저축이 아닌 신규 화폐 발행으로 저금리 자금을 공급하는 것은 인플레이션이며, 정부 보증 대출은 상환 불가능하므로 사실상 보조금이라고 비판했다. 헌법 제1조 제8절은 정부의 차입만 허용하고 대출은 명시하지 않아, 연준 대출과 정부 보증 모두 위헌이라고 주장했다. 상환 능력 없는 기업에 자금을 대주는 것은 자본주의가 아니며, 부실 기업이 더 큰 부채를 쌓아 파산 시점의 재무상태를 악화시킨다고 봤다. 트럼프 행정부도 정부가 승자와 패자를 고르는 사회주의적 정책을 지지한다고 비판하며, 경제의 구조조정과 자원 재배분을 막고 있다고 주장했다. 종목·자산별 가격 방향에 대한 구체적 예측이나 목표가는 언급되지 않았다. 다만 인플레이션 우려는 전반적 시장 비관 관점으로 해석될 수 있으나 직접적 예측은 없음. 출연자 전망: 연준의 신용 개입과 재정 지원이 경제 왜곡과 인플레이션을 초래한다는 장기적 비관론을 견지.
다듬은 글
federal reserve tried to throw a lifeline to the markets earlier today because as the dow was getting beaten up right it was near the lows at the time i think this news story broke but the fed announced that it was going to be lowering the loan limits on its main street lending program from 250 000 all the way down to 100 000 and what this program is is to lend money to small businesses on main street now why is the federal reserve making these loans because there's no reason for the federal reserve to be making loans to small businesses and certainly not loans as small as one hundred thousand dollars i mean why can't these small businesses get a hundred thousand dollar loan from their own banks and the reason they can't is because they're not credit worthy i mean the banks could get unlimited amounts of money from the fed that's the problem i mean yes there's no real savings to make these loans because nobody is saving the federal reserve has been replacing legitimate savings by just creating money out of thin air and making it available at low interest rates to banks the problem is the banks don't even want to borrow that money and lend it to these main street businesses because they know they're not going to get the money back because these companies are bad credit risks and so private lenders don't want to make the loans now why should the government do that if these businesses can't repay the loans why is the government lending them any money and it's not really a loan if you're loaning money to a business that can't repay it it's not really a loan it's a grant or it's a gift but you know it sounds a lot better if you can pretend it's a loan but this is all pure inflation the fed is just printing up money and handing it out to small businesses again that's why i think a lot of people are starting small businesses so they can take advantage of this giveaway and just get money from the government and you know i've talked about this in the past none of this is constitutional right there is nothing in the constitution that says the government the federal government can loan money to anybody it does say in the constitution that the federal government can borrow money so it's allowed to borrow money because it is expressly granted that power remember and i've gone over this the way the constitution works the federal government only has the authority to do what the constitution specifically says they can do in article 1 section 8 and article 1 section 8 specifically says that the federal government can borrow money now if it didn't say they could borrow money they couldn't do it that's why they wrote it in there well they didn't write in there that the federal government can lend money and since it's not authorized to lend money any u.s government loan is unconstitutional now i know some people might say well peter it's not the federal government making this loan it's uh the federal reserve and that technically may be true and of course there are plenty of other loans that are made directly by the federal government and are unconstitutional but to say that these are loans from the fed and not from the federal government i think that's a distinction without a difference because these two entities are acting uh in concert with one another they are de facto the same entity the federal reserve is acting as if it was an arm of the government not an independent central bank but what we do know is that the u.s government has guaranteed to make up any losses that the federal reserve suffers on any of its loans so in other words the federal government has guaranteed the loans that the federal reserve is making and again there is nothing in article 1 section 8 that says that the federal government has the right to guarantee the loans of third parties which would include the federal reserve so the whole thing is unconstitutional but apart from being unconstitutional it's bad economics and it's certainly not capitalism i mean is it capitalism when the government loans money to businesses that can't get loans in the private sector right because when the private sector doesn't want to make a loan it's for a good reason right because the whole purpose of a loan is to get paid back right and because you're allocating scarce capital so you want to make sure you're funding viable legitimate uh projects and the way you know that it's a legitimate use of the loan is the company borrowing the money is creating enough value with the loan to pay you back and not only pay you back your principal but pay you back your interest but you have all these companies that are basically going to fail right the reason they're borrowing money is so they can survive a while longer but they're never going to be able to pay the money back they're just going to be able to stay in business longer utilizing these loans but then eventually when they go bankrupt they're going bankrupt with even more debt because they borrowed money when they were on their way to bankruptcy so they didn't use the money productively they just used it to stay afloat right and and what the government is doing by extending these loans to companies that can't afford to pay it back and that would go bankrupt without the loans they're just keeping them in business longer allowing them to accumulate even bigger debt so that when it comes time to theoretically repay these loans there aren't even worse financial shape than when they took them out so this is the opposite of capitalism this is a complete waste and look the trump administration is all for this right at the same time donald trump talks about how america will never be a socialist nation yet he's supporting what amounts to socialist policies where the u.s government is picking the winners and losers in theory of course all they're doing is picking losers and loaning them money and again they're not loaning the money they're giving them money but they're preventing the economy from restructuring they're preventing the economy from freeing up these resources and moving them to more productive uses
Comments 0