I have noticed a reality about people in general.
They don’t know where money comes from. When you present to them a description of Quantitative Ease, their eyes glaze over and they move away and you can see in their eyes that they come to a specific conclusion:
“This sounds insane but it cannot be and I must not understand it because it can’t be insane and others must understand it and I have to go pick up my kids from school . . . . .”
This is THE ONLY REASON the system holds together. People do not realize money is created from nothingness on what is a whim carefully enshrouded by bullshit invented terminology. If they truly knew it came from nothing, there would be torches and pitchforks in the streets as the mob comes to execute the world of economics.
Quantitative Ease was a phrase not even on the radar screen in the 1990s.
Now make no mistake here. Bernanke in 2009/10 had no choice. The global world of finance teetered on systemic destruction. He did his helicopter money and persuaded Congress to do the same. But that did not mean the world was saved. It just gave media time to announce that it was saved.
Capitalism has failed. All -isms have to fail because they are measured by the substance that comes from nothingness.
Buy farmland. Buy oil wells. Only calories and joules are immune to whimsy.
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Capitalism has failed. All -isms have to fail because they are measured by the substance that comes from nothingness.
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The Left+ won by shifting the English lingo. Criminal illegal aliens => ‘immigrants’ &, in this case, Free Markets => ‘Capitalism’
Course, the Fed. Rsrv. (& their fiat paper called ‘dollars’), being illegal (Congress having ZERO authority be bequeath its authority to another entity, let alone a non-govt one as well as NO Amendment created to abolish A1S10) should be null/void.
But, what do *I* know...being just a lowly (L) that can read/comprehend the plain English of the Constitution?
“Capitalism has failed. ...
Buy farmland. Buy oil wells.”
If capitalism has failed it is too late to buy.
OTOH, purchasing an “oil well” is out of reach for most!
The problem with Capitalism is that the government is always getting in the way.
If Capitalism has failed why would you buy anything to resell? That is Capitalism.
There are those who believe government finances the spending of citizens and others who believe the citizens finance the spending of government.
That is how ridiculous money has become.