Globally, central banks boost prices by creating money and funneling it to private financial institutions.
When Covid blew the roof off the global economy, the Federal Reserve opened the floodgates. Since March 2020, the Fed has pumped $120 billion into the US markets and lends billions to foreign central banks every month. In the US alone, that’s $2.04 trillion over seventeen months, yet at the start of February 2021, 24 million Americans had not had enough to eat throughout the week.
If you can’t imagine the type of health care, education, retirement, and quality of life Americans could have, maybe you should try— and it’s not just Americans. Worldwide, central banks create money and borrow…
What if deficits and taxes are used to hold us hostage and there is an economic model capable of resolving all our issues?
The economic theories administered in the US, Australia, and the UK state a 3.5% to 4.5% unemployment rate is necessary for running an efficient economy. Sitting in high school econ class, even my dull teenage brain couldn’t fathom why an economic system requiring a percentage of people to suffer through unemployment was the ideal method. To wrap my head around the concepts, I took macro and microeconomics in university; consumers, markets, equilibrium, supply, demand, and a plethora of theories with their adjoining equations exhibited society’s behavior as it interacted in a game of Monopoly on steroids. …
All in all, is all we are and all we are is a commodity. When everything has a price, nothing has meaningful value.
“If one should desire to know whether a kingdom is well governed, if its morals are good or bad, the quality of its music will furnish the answer.”― Confucius
Corporate entertainment’s purchasing power decided music’s popularity, but in 1991 technology revolutionized the industry. Collecting and compiling accurate consumer data revealed the public’s preferences, and for the first time, independent genres were pulled from the underground and exposed in board meeting’s weekly sales reports. The authentic sounds organically produced a growing fan base, and music executives noticed. …
Government spending is the life support Americans and the economy need to survive, but budget deficits are prioritized.
When the financial sector faced starvation and homelessness a $700 billion stimulus package was approved in a week. Increasing the deficit by an additional $539 billion was worth rescuing the banks from despair but contributing to the deficit to save the lives of millions of Americans is somehow considered less vital. Although the US has been in 78 deficits over 91 years, government spending to minimize the hunger, suicides, evictions, health impacts, and loss of American livelihoods still terrifies many politicians.
Negotiations for a stimulus bill held Americans hostage for eight months. The urgency to rescue the economy wasn’t all…
For 90% of Americans, GDP is just a measurement of the Gross Divided Profits.
A billionaire moving her online retail business to a small, impoverished nation with nine citizens, would instantaneously and exponentially increase the nation’s economic wealth. The business operations, production, purchases, and investments would indicate the country’s Gross Domestic Product (GDP) is undergoing rapid growth, but the wealth wouldn’t affect the people’s lives unless it was distributed. The billionaire would potentially create service jobs, but the pay would be dismal, the work low skilled, and the income tax deducted by the government would be spent aiding the billionaire’s business in the name of “job creation”.
Eventually, the billionaire’s wealth facilitates power, and…
Manipulation, corruption, and scandals in the 2003 gubernatorial recall election echo in 2021.
On September 14th, 2021, at least 50% of Californians must vote ‘no’ in the recall election to keep Governor Gavin Newsom in office. If Newsom gains 49% or less, one of the 46 candidates running for governor of California wins — even if they receive fewer votes.
Within Newsom’s first year and a half in office, six notice-of-intent-to-recall-petitions have been filed, three in 2019 and three in 2020, but this isn’t uncommon. …
The media tells us how to feel and what to say, and we don’t know how to think.
In 2001, the media made us feel patriotic, so we went to war. In 2021, the media told us the lives we’ve destroyed for two decades need our compassion, so we showed our sorrow. We didn’t think about Afghan lives when the media told us war would avenge the horrors of September 11th, 2001. We never even thought to question why anyone would want to attack the US, but why would we? The media told us how to feel and did the thinking for us.
Every time there’s something to hide, the media invents a new issue. Obama appointed the…
Congress argues over the budget while foreign banks receive trillions of dollars that inflate housing and finance globally.
When the pandemic buried the economy in a grave, Wall Street nose-dived and consumption ceased, but overnight, stocks bounced back, and billionaires made more billions. How bankers and corporate owners boasted high returns while the economy death-spiraled was mind-boggling, but it wasn’t shocking. GDP and the stock market represent the upside-down world of the super-rich. The figures don’t capture 90% of Americans’ economic activities. Still, the absurd amount of money pouring into the stock market while the economy was lifeless didn’t make sense.
The public-private Federal Reserve System serves the public through monetary policy, bank oversight, government banking services, consumer…
Misunderstanding currency, hyperinflation, and bitcoin are expensive.
Any item accepted as an exchange for value is a currency — even sex. However, to determine the price of goods and services, we rely on a reserve currency, and cryptocurrencies aren’t any different. Money to pay sex workers for their labor is their clients’ income from laboring, but the value isn’t in the currency itself. Accepting the payment as a representative for the value of services and trusting its worth for future transactions empower the currency. Unfortunately or fortunately, the government won’t take sex as payment, yet converted to legal or acceptable tender, and we’re in business.
Stocks on…
Politicizing, corporatizing, and propagandizing produced the American idiot, and stubbornness maintains the ignorance.
Since the 1950s, the US deindustrialized, stripped its economy bare, and burned bridges with its trading partners. Bush lied about Weapons of Mass Destruction. Obama signed the 2012 National Defense Authorization Act allowing propaganda dissemination by radio, motion films, video, audio, and other materials within the US. The Trump administration discontinued the Wuhan Lab funding in 2019 to focus on the US’ intentional lab leak, the opioid epidemic. However, everything is China and Russia’s fault.
Clearly, Russia and China intentionally destroy the US’ pillar of democracy image. The Texas grid failure, Florida condo collapse, and ongoing wealth and racial disparities…
