SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brumar89 who wrote (1162335)10/10/2019 2:51:55 PM
From: RetiredNow  Read Replies (1) of 1573213
 
Neither party can be called fiscally conservative. Far from it. However, I view our nation's fiscal and monetary decline in terms of what the Federal Reserve is doing. They have embarked on the final phase of the destruction of our currency, and therefore, our long term economy and standard of living. The Fed's Quantitative Easing is the ultimate root cause of the inequality between the rich and poor and the rise of the poor's Socialist backlash against the perceived (inaccurately diagnosed) maladies of Capitalism. To whit, here is what QE has wrought for the 1% and for the 99%...notice the outsized role of real estate and equities in driving the wealth of the 1%, which is the direct impact of QE, and also notice the outsized role in the increase in debt the poor have had to take on as their incomes have failed to keep up with the prices of rent, education, and health care. None of this is rocket science. Socialism is not the answer, the eradication of the Fed is the answer, but you can't help but feel sorry for the bottom 50% and understand why they think Capitalism has failed them. Unfortunately, they don't have the education to understand that it is the Fed that has failed them.


Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News