Mar21 2020
The rich-poor scheme is a zero-sum game. If you have a trillion dollars of printed money, it's a finite amount. If one person gets some of it, another must lose. It's finite, unless Central Bank cheats (which is the idea of capitalism) and prints money and gives it to the chosen. It's still stealing money from the whole nation, because everybody loses - gets indebted. If the public is unaware of this scheme, it's simply counterfeiting money. Creating fake money, thus undercutting wealth of everybody, causing inflation.
Everybody cannot get rich. If there are moguls, by default there are also servants. Everybody cannot become moguls, because they would stop being moguls.
By definition, being rich means having much more wealth than others (i.e. it requires existence of the poor). Otherwise everybody is on the same level on this rich/poor scale.
The absurd capitalist economy in USA. The Wall Street stock market scam.
When the Wall Street crooks have the chutzpah to claim:
- people "cast a jaundiced eye" toward Wall Street.
- "banks and wealthy individuals are viewed by others as a revenue source for re-distributional policies"
bloomberg.com/news/articles/2019-11-12/citi-says-to-gird-for-election-war-on-wall-street-and-wealth
It's shocking how insolent and stupid those people are.
The absurd capitalist economy of the US Corn Republic.
Those ridiculous fortunes in USA are not even real. Billionaires can't even claim they actually own that much money, since they can't sell their stocks at the nominal price at the bourse. If they sell them over a longer period of time, they won't even get a half of it. If investment banks don't act friendly, they may even be left with almost nothing. So Paper Billionaires are as phony as the US economy itself.
There would be no billion-dollars companies (or even most of small businesses) without the privileged credit coming from the Federal Reserve. To become a billionaire, you don't have to be smart, you have to be well connected within the regime. Like in the communist party in China.
The problem lies within the system itself. Capitalism redistributes money owned by the whole society (debt is owned by everyone) to the financial cliques through the Central Bank credit (and tax cuts). The Central Bank prints money backed by the taxpayers and thus it indebts the whole society (also the penniless and the homeless). Then the Central Bank spreads this money to its crony-bankers (financial clique) who have the power to "give" it to its vassals, who then employ workers.
Capitalism is not "free market". As even the name suggests, capitalism is defined by the system of money (capital) creation (simply printing) and redistribution, i.e. banking. The redistribution of money/wealth goes from the whole society toward the oligarchy (mainly Wall Street).
Capitalism is de facto a modern feudalism. A welfare system for the rich.
It's like the feudal system where the Lord (Federal Reserve) gives his vassals land (in this case money, credit) and they rule over the land through those privileges. So everybody pays for the Wall Street hucksters' privileges.
Capitalism is a modern feudal system in which the oligarchy took over the national wealth and employs workers as their servants.
Wall Street is a bunch of privileged bloodsuckers who leech on the bloodstream of society, i.e. financial system.
- people "cast a jaundiced eye" toward Wall Street.
- "banks and wealthy individuals are viewed by others as a revenue source for re-distributional policies"
bloomberg.com/news/articles/2019-11-12/citi-says-to-gird-for-election-war-on-wall-street-and-wealth
It's shocking how insolent and stupid those people are.
The absurd capitalist economy of the US Corn Republic.
Those ridiculous fortunes in USA are not even real. Billionaires can't even claim they actually own that much money, since they can't sell their stocks at the nominal price at the bourse. If they sell them over a longer period of time, they won't even get a half of it. If investment banks don't act friendly, they may even be left with almost nothing. So Paper Billionaires are as phony as the US economy itself.
There would be no billion-dollars companies (or even most of small businesses) without the privileged credit coming from the Federal Reserve. To become a billionaire, you don't have to be smart, you have to be well connected within the regime. Like in the communist party in China.
The problem lies within the system itself. Capitalism redistributes money owned by the whole society (debt is owned by everyone) to the financial cliques through the Central Bank credit (and tax cuts). The Central Bank prints money backed by the taxpayers and thus it indebts the whole society (also the penniless and the homeless). Then the Central Bank spreads this money to its crony-bankers (financial clique) who have the power to "give" it to its vassals, who then employ workers.
Capitalism is not "free market". As even the name suggests, capitalism is defined by the system of money (capital) creation (simply printing) and redistribution, i.e. banking. The redistribution of money/wealth goes from the whole society toward the oligarchy (mainly Wall Street).
Capitalism is de facto a modern feudalism. A welfare system for the rich.
It's like the feudal system where the Lord (Federal Reserve) gives his vassals land (in this case money, credit) and they rule over the land through those privileges. So everybody pays for the Wall Street hucksters' privileges.
Capitalism is a modern feudal system in which the oligarchy took over the national wealth and employs workers as their servants.
Wall Street is a bunch of privileged bloodsuckers who leech on the bloodstream of society, i.e. financial system.
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