Hyperbole, it’s the best thing ever!!!!
The political pressures to loot Wall Street and redistribute it all will become irresistible. We’ll look back and think that Bernie was a Conservative.
The Cantillon Effect, named after 18th century economist Richard Cantillon. Basically, in an easy money or fiat monetary regime, those who first handle the new (printed/created) dollars have a huge advantage and benefit greatly over those who hold "old" money (savers, workers, long-term investors).
So because of the Federal Reserve, insiders benefit, while the rest of us bear the ill effects of massive debt and debased currency. No surprise then that Wall Street and Gov't (and gov't cronies) have profited greatly while they economy has gone nowhere over the last 8 years.
What a rambling mess. Nothing but random factoids with no thread holding them together.
We’ve had a covert socialist coup in Washington and it must be reversed or the free enterprise engine of growth and opportunity is in jeopardy.
^^ This
The fed banking system is about control. They give the ones the choose money and then they must stay in line. Like promote leftist ideas. Yes the system has always been corrupt. Since the fed reserve came into being.
A great read. Thank you.
The local paper’s headline yesterday was:
Battling Apathy
TPTB really don’t get it.
” Back in 1999, there were seven times more IPOs than mergers and acquisitions for tech companies. Today merger and acquisitions outnumber IPOs by almost 36 to 1. “
1999 was the high point of the NASDAQ tech bubble. The one that blew up in 2000, taking the stock market down with it. I guess George forgot that little detail.