The Rich Get Richer

[FriendlyFire]

Some of the notes were distributed. They were so good that the government left them in circulation.
J

By Distributed you mean used by Jews whom escaped to Israel to finance the country with weapons. Thats how they entered circulation, the Nazis also forged a lot of other currency notes as well using concentration camp inmates.

 

[Esperr]

All this QE has raised to stock market the new heights. Yet I hear good family wage jobs are ever harder to find. So is the stock market and the economy of the average Joe at all connected?

Yes, the more people you have in your middle class in a consumer economy the btter the economy is over all, it doesn't matter how much money you have, everybody still only needs one pillow.

And in recent years(obviously) the asset market went down while the average wage(adjusted for inflation) has stayed the same, this leads to more borrowing, which means more money for the lenders, which means wealth trickles up, which is what keeps the cycle going in the first place(rinse, crash, repeat).

The QE is trying to fix the market by lowering the interest through short term bonds(subtle hint:it has never worked long term).

edit: although US inflation is at its lowest in a long time, but what do you expect when the whole floor had to start from stock market scratch?

 

[CavLancer]

Well, I'm sure everyone can agree with that. Time to close the thread, yes?

I like and have maybe 5 pillows though. At this point after using this amount I'm sure I couldn't sleep without them and therefore need them.

In your rinse crash repeat where exactly does the rolling of heads fit in that these guys are discussing? Could the 99% live better without the burden of the 1% and the 98% of all wealth standing on our shoulders?

 

[Esperr]

Well, I'm sure everyone can agree with that. Time to close the thread, yes?

I like and have maybe 5 pillows though. At this point after using this amount I'm sure I couldn't sleep without them and therefore need them.

In your rinse crash repeat where exactly does the rolling of heads fit in that these guys are discussing? Could the 99% live better without the burden of the 1% and the 98% of all wealth standing on our shoulders?

The point of the pillows is that concept that having more money doesn't scale spending when you factor in how its spent. Look at what the average American spends there money on, they don't invest(they cant afford to), and the only asset they have that is potentially appreciating is usually there house, meanwhile there borrowing for thirty years out on there house. The rich have the money to invest(because money doesn't scale spending, even if a rich guy buys a more expensive pillow then the average guy, he still doesn't buy one that's one thousand times as much, he still only needs three pairs of pants just like everybody else, ext.), and that capitol is what allows them to become lenders, and the credit economy keeps the wealth moving upward.

We cant live without the one percent, the one percent cant live without us, but the wealth needs to be distributed more evenly, we need a larger more wealthy middle class. Its no surprise to anybody that wealth being distributed to the one percent correlates directly with the great depression and 2008, and that distribution comes from increased borrowing over the last 40 years.

 

[Timsup2nothin]

Actually we can live without the 1%. Not as well as we live currently...quite. However the gap is narrowing, and the perceived gap is narrowing faster. Once the gap disappears the 1% get eaten...that's just how things work.

 

[onejayhawk]

By Distributed you mean used by Jews whom escaped to Israel to finance the country with weapons. Thats how they entered circulation, the Nazis also forged a lot of other currency notes as well using concentration camp inmates.

A lot of this stuff is still technically secret, so there are conflicting stories and no real authority.

Resettling Jews was one method. As you say, many of the notes were printed in concentration camps, which gave Jews access to them. Since they were counterfeit, the Nazis did not watch the stocks closely.

However, several German operations smuggled them into England by boat. Others were passed in various neutral countries. Some were cached by senior, and not so senior, Nazi's for recovery after the war. When those turned up, they were destroyed. Supposedly.

J