...for the influentually wealthy
What we have is a perfect storm for big business and banks to get a stranglehold on our economy and wealth. Except that as a former corporate banker (1st Chicago-Bank1-Chase) we could see this storm brewing for at least the past decade.
It's real simple.
Unemployment will drive down wages. Big business and bank
s have little risk with the government pumping bailout money into the banks. With everyone unemployed only big business will be able to use that money for loans. Also, with The Federal Reserve creating currency at the whim of the extremely influental wealthy so the government can pump more into the banks, they are creating inflation, so even though there is unemployment, prices will not go down. What with most everyithing we purchase distributed by big business, there will be no reason to drop prices.NPR reports current college grads are looking ath $28.000/year jobs. I remember a discussion with several of my banker friends (from when I worked in a corporate bank) wondering how people could live on wages less than $38.000/year. That was over eight years ago and the CPI (Consumer Price Index) has been increasing by and averate of 3.5% per year. However, wages have been on a steady decline
If you don't think as I do, that this is orchestrated by a small perecentage of like-minded and very influential people and that this has happened completely due to circumstances, then you have a Perfect Storm of Circumstances
No comments:
Post a Comment