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You say the same thing about stockholders. You say you don't care about people who "gamble" on the stock market and have debt. I say people gamble when they take a private sector job vs working at the county, state or fed.
Some of us actually have to work in the productive sector to pay taxes to pay your salary. If for no other reason, you should care about that. Yeah, they get some of your salary back from you in taxes but it's a fraction of what they directly spend on you.
Some of us actually have to work in the productive sector to pay taxes to pay your salary. If for no other reason, you should care about that. Yeah, they get some of your salary back from you in taxes but it's a fraction of what they directly spend on you.
What's important is to be focused on each and every element of our society that is being adversely affected by monetary policies that are designed to benefit a small minority of our population.
The short-term and more importantly long-term adverse affects are devasting as others in this forum have pointed out. Workers who are near or already in retirement are going to see 50% and probably much more of their retirement funds vanish for the next thirty years, all in the name of some short term stock market gains which will eventual also vanish.
ZIRP and NIRP are the central economic issues of our time as they distort economies everywhere in the world with disastrous consequences. While workers may be confused as to why they are about to lose 50% or more of the lifetime retirement benefits that they were promised, it is clear that cause is Fed monetary policy which chooses winners and losers. The winners are the to 1% and the losers are the workers.
I hate to say it but cutting pensions is deflation.
Deflationary as experienced during the Great Depression, an era when prices dropped as population wide buying power disappeared. This is a direct manifestation of concentration of wealth which is the flip side of dissolution of pension funds. In other words money is flowing from the many to the few.
You don't get money because ZIRP has completely distorted economic incentives.
Corporate CEOs no longer make money by building growth companies. Instead they become fabulously wealthy from stock options.They increase stock prices by laying off people, paying low wages, and creating an illusion of increased profits by using cheap corporate debt to buy back shares. They get wealthy by destroying corporations.
Mega corporations use an unending flow of cheap money to build factories wherever there is cheap labor. There is no cost to build these factories so they are constantly being built and torn down wherever there is cheap labor.
Retirees and savers are the big losers. Anyone in the working force are big losers. The only winners are the top .1 of 1% who have access to this free money. Hence the enormous concentration of wealth. Everyone else loses. The losses may not be immediately obvious but they are rapidly going to drown us as the debt losses begin to mount.
As with any Ponzi scheme, ultimately the world debt mountain has to collapse. The idea that everyone should work for the Government is the ludicrous ultimate end result of such a Ponzi scheme. If you believe everyone can work for the government then you can buy into the current Ponzi scheme being perpetuated by the Fed.
You don't get money because ZIRP has completely distorted economic incentives.
Corporate CEOs no longer make money by building growth companies. Instead they become fabulously wealthy from stock options.They increase stock prices by laying off people, paying low wages, and creating an illusion of increased profits by using cheap corporate debt to buy back shares. They get wealthy by destroying corporations.
Mega corporations use an unending flow of cheap money to build factories wherever there is cheap labor. There is no cost to build these factories so they are constantly being built and torn down wherever there is cheap labor.
Retirees and savers are the big losers. Anyone in the working force are big losers. The only winners are the top .1 of 1% Who have access to this free money. Hence the enormous concentration of wealth. Everyone else loses. The losses may not be immediately obvious but they are rapidly going to drown us as the debt losses begin to mount.
So what i'm gonna do
I want to build a company but there's no way it's gonna be real big like these guys.
I want to build a company but there's no way it's gonna be real big like these guys.
And everyone is cutting Capex
There is no business in Main Street
I know. There is very little an individual can do against the enormous power of the Oligarchy/Government. They control everything and keep sucking in wealth like a Black Hole. However, as a political movement there may be a chance that changes can be forced upon the Oligarchy. It is not just in the U.S. Every country in the world is in the same situation. It is no accident that 1% of the population owns 50% of the world's wealth. It is as simple as just taking it, which has been happening now ever since Glass-Steagall was dismantled.
Deflationary as experienced during the Great Depression, an era when prices dropped as population wide buying power disappeared. This is a direct manifestation of concentration of wealth which is the flip side of dissolution of pension funds. In other words money is flowing from the many to the few.
You said it. What factor of our 2008 monetary base are we at? And it isn't moving.
The FED can't fix this mess. It can't fix it. It can't. Zip.
Oh isn't that close to zero prime?
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