Why the middle and lower classes lost from 2007-2016 (school, state, support)
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They did save the banks after the crash through lending and money creation/debt swaps (QE). Had to be done IMO, but there certainly should have been jail for some. They don't extract as much wealth as their policies have set interest rates low. They do create easier conditions for the wealthy to get wealthier through cheap borrowing and stock asset inflation. The middle class can also participate there, but of course their resources are much smaller.
It did not have to be done-at all. It was complete Bizzaro World--the banks that were reckless and took the most risks for profit (often illegal) were rewarded with bailouts and stimulus programs and now control more of the economy than ever before. The smaller banks that operate conservatively and ethically were left to fend for themselves---most shut down and were consolidated into the cancerous "too connected to fail" banks. I guess this is the new "free market" so many go on and on about. The more damage you do to the American people the greater the reward handed out by the Federal Reserve.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." -Thomas Jefferson
Our currency should be issued debt-free and owned BY THE PEOPLE, not a parasitic privately owned banking entity that is more concerned with growing and protecting their nationless banks/corporations across the World then the American people and economy.
Why would the Federal Reserve throw Trillions in bailout money to foreign banks and corporations?
I think you are both very important anecdotes. The 2008 crash created the best buy low investment opportunity in my life time. It could move people and families up a notch in a decade. Worked for me too.
Low wage workers should have used their hundreds of thousands in assets to buy stocks in 2008. If they’re still poor, it’s their own fault.
I think you are both very important anecdotes. The 2008 crash created the best buy low investment opportunity in my life time. It could move people and families up a notch in a decade. Worked for me too.
Yes, governments socialists welfare programs, good for you, evil for others. This is a common argument.
Yes, governments socialists welfare programs, good for you, evil for others. This is a common argument.
Money programs were good for these middle class folks as they describe. Not enough compared to the rich IMO. So we need to look at what worked for the middle class and expand on that.
Money programs were good for these middle class folks as they describe. Not enough compared to the rich IMO. So we need to look at what worked for the middle class and expand on that.
Housing, infrastructure, HC for example.
ie: Socialism. I thought that was evil? Are those arguing it is, wrong?
I said nothing about 1%-I agree that many in the "1%" are workers that contribute to society and the economy-Doctors, Business Owners, Engineers, etc.
I am referring to a group of people maybe 3,000 strong-they contribute nothing to society or the economy yet own and control our Government and Central Bank. They are living and breathing parasites
I disagree. The IRS reports that the average effective Federal Income Tax rate of the top 400 tax filers is 23.13%.
This is why it's so incredibly frustrating that so many people believe the left's and MSM's manipulative lies. We would all be SO much better off if more people could actually think for themselves and verify what they're being told instead of just believing what a Dem politician or the MSM tells them.
Come on, lefties. Don't be stupid. Verify the legitimacy of the crap you're being spoon-fed. Why keep eating a chit sandwich? /SMH
It did not have to be done-at all. It was complete Bizzaro World--the banks that were reckless and took the most risks for profit (often illegal) were rewarded with bailouts and stimulus programs and now control more of the economy than ever before. The smaller banks that operate conservatively and ethically were left to fend for themselves---most shut down and were consolidated into the cancerous "too connected to fail" banks. I guess this is the new "free market" so many go on and on about. The more damage you do to the American people the greater the reward handed out by the Federal Reserve.
Guess who got the biggest bailout of all?
The Federal Reserve created $2 trillion in QE out of thin air to specifically buy only GSE (Fannie and Freddie) MBS.
Oh, and just for grins... Tens of thousands of mortgage borrowers, if not more, will get their homes for free as this all continues to play out and their mortgage debt just rolls off the Federal Reserves H.4.1, unpaid... You see, the Federal Reserve doesn't have to recognize or state losses. It just merely erases them from their H.4.1. But that $2 trillion in created QE was pumped into the economy and artificially devalued the $US. That's why American households' buying power remains stagnant.
You say "take the most" but with that you do not include things like the wars, that the lower classes in general sacrifice their lives for so the upper crust can enjoy a third house.
There hasn't been a draft since the Vietnam war. And even then, conscription was based on age, not wealth.
Not really. If you were wealthy you went to college and we are talking now not 45 years ago.
If you don't want to join the armed forces, then you don't. No one is forcing anyone to "sacrifice" anything.
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