Today's Elites

Sunday, January 06, 2013

Why Your Money is Funny

Everyone knows that massive amounts of money are being created out of thin air these days by the Federal Reserve's helicopter Ben. No, the problem is not a lack of money. The problem is that those in the City of London and Wall Street who control the banking system have been allowed to deliberately loot the real productive economy through lunatic speculation. By productive economy I mean that which sustains and increases our standard of living. Which thereby enables us to afford medical care as overhead cost (similar to education cost.) It includes the physical plant and equipment, transport infrastructure, energy, agriculture and fresh water. The very opposite type of economics that the Nobel prize winning ideologues at today's hyperinflated college campuses promote these days, i.e. "free trade," postindustrial, information age, service sector, derivative securities, consumerist swindle of a race to the bottom, junkheap economy. There is no hope for seniors, or for that matter, anyone else without scrapping this self destructive speculative economy.

No comments:

Post a Comment

Blog Archive