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Originally posted by Grumble
reply to post by AlreadyGone
This has been going on for a long, long time. Globalization has indeed made the average American feel not quite so bad off (the Walmart effect), but even that is now changing. The truth is that in real terms, I make 1/4 of what my father made at the same age. But he didn't have HDTV, computers, and cheap goods from China, so looking back at his life, he didn't seem richer than me.
Originally posted by LittleBlackEagle
great article came out yesterday for anyone that didn't get a chance to view it.
Infinite quantitative easing (QE3) now initiated; the final chapter of America's financial blowout has begun
Steal from the poor to give to the rich
Quantitative easing, you see, is essentially the Federal Reserve creating money and then handing it to the richest banks. Meanwhile, all that new money floating around erodes the value of the dollars in the hands of the working taxpayers. So their grocery bills go up. Their fuel costs go up. Their daycare costs increase and their utility bills creep ever skyward.
But the rich banksters are simultaneously rolling in FREE Fed cash, and instead of actually lending this money out and doing something useful with it, they crank up their own executive bonuses to make sure they get paid while the rest of the economy crumbles. And why? It's simple: Because people are crooks, and if they get handed $40 billion a month in free money, they're just going to grin and say, "How can we get MORE?"
That's the credo of the banks: MORE!
that's just a snippet from it but i think it really hits home with how the author lays it out in easy to understand laymen's terms.
edit on 17-9-2012 by LittleBlackEagle because: (no reason given)
Originally posted by HIWATTHe may not have seemed richer than you are now but really, he was far far more wealthy.
There weren't all those things of no value you mentioned for him to waste money on. Instead his attention was placed in things that DID have value: YOU (family)
It's not surprising the way it's all turning out.
"the high cost of low price", indeed
Originally posted by benrl
We need to follow Icelands example.
Start arresting bankers, starting with the FED.