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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (1059126)	3/8/2018 2:47:52 PM
From: RetiredNow	Respond to of 1572372

We are behind the rest of the western democracies in everything from health care to education and poverty because the rich are stealing all the wealth and refuse to share our countries bounty with others. - koan I agree with this statement. However, let's get more specific on who these "rich" are. The unholy alliance between the Fed, the Treasury, and Wall Street is where the epicenter of blame lies. These are the people who are creating financial bubbles that burst and skimming the fat off the economy through: * The Fed - 1) Low interest rates cheat capital and savors by stealing the market rate of interest on their accounts from them and redistributing that interest to the big banks who can borrow at Fed rates and charge those very same consumers more, pocketing the fat margins. 2) 2% inflation targeting destroys purchasing power for everyone, but the 99% feel it greatly, since they hold minimal capital, but the 1% feel it not at all because their capital is invested to grow faster than 2%. 3) Quantitative Easing - printing money destroys purchasing power by increasing the supply of money and decreasing the velocity of money, while inflating asset prices, which further enriches the rich capital holders, while doing nothing for the 99%. QE also enabled the Fed to buy toxic assets, transferring shitty assets and their risk from the big banks to the Fed's account, which means the burden was placed on the 99%, while the 1% ran off with all the profits. * The Treasury - nothing but a facade for Goldman Sachs and other big bank bankers. There is a revolving door from the Treasury to Wall Street and they have one goal: continue to increase the supply of debt through collusion with the Fed to feed the insatiable ravenous government beast, and feeding the profits from those transactions back to Wall Street. If the Treasury personnel do their jobs well to enrich Wall Street, then they have lucrative Wall Street positions waiting for them when their job at the Treasury is done. * Wall Street - this is the multi-headed hydra. So much has been said about the big WS firms, that I can add little, but to say they are organized and run like mafia organizations. When they are caught in outright law breaking, no one goes to jail. They plead no contest to the SEC and pay a fine, which is far smaller than their illicit gains. Fraud and law breaking and getting caught is simply factored into their long range plans as a cost of doing business. Then you have the titans of industry. Schmidt, Bezos, Zuckerburg, Buffet, etc. These guys have their heads so far up the asses of Congress, that they buy what they need to keep turning a profit and damn the consequences to the 99%. Buffet is the smoothest of the lot. He says all the right things, but his actions speak louder than words. His defining silence on the fraudulent corpse that is Wells Fargo should tell you all you need to know about him. He not a successful capitalist. He's a robber baron and his friends in government have helped him stay that way. Last, but not least is the Military Industrial Complex that feeds at the trough to the tune of $1 Trillion per year. Any chance any of us are going to get a ramp down in spending on that beast? Not a chance. Both Republicans and Democrats always call for more spending on the military with these never ending trumped up scare tactics. Trump just signed off on another $117B per year in spending budget and Pelosi wants another $1 Billion for Russian meddling. It will never stop and it is another epicenter of waste and corruption and global human misery. There you have it. So there's a lot to do to get back to Capitalism, Freedom, and Democracy, and then to prioritize our spending to benefit the American people. Are you now beginning to see why this country has become ungovernable? No one can fix it. The only thing we really can do is slow the further descent into Socialism, Communism, Fascism, and Militarism.

To: koan who wrote (1059126)	3/8/2018 4:52:16 PM
From: Tenchusatsu	2 Recommendations Recommended By i-node PKRBKR Read Replies (1) \| Respond to of 1572372

Koan, We are behind the rest of the western democracies in everything from health care to education and poverty because the rich are stealing all the wealth and refuse to share our countries bounty with others. I'm poor because Jeff Bezos is rich. I'm poor because Elon Musk is rich. I'm poor because Donald Trump is rich. I'm poor because the guy living down the street is rich. All of the statements above are as absurd as the notion that the rich are "stealing all the wealth" in America. Tenchusatsu