As the society cried for help such as in 2008, governments injected newly created money into the economy. But the newly created money did not go into everyone's hand evenly.
First the new money goes into large corporations that needed the money as ordinary small businesses and people are ignored. Government's make-work programs benefit directly the large and politically correct corporations. Then the money simmered down to smaller contractors and their employees. This explains the banks are saved; some insurance companies are saved; and some other too-big-to-fail corporations are saved.
Eventually the new money got deposited into the banks. Since the economy is in the midst of a crisis, banks tightened their loan qualifications therefore locking out ordinary folks and corporations less than 'big'. But the larger corporations and the riches who had good relationships with their banks can obtain a share of the newly created money. Don't forget Fractional Reserve Banking Act, which allows the bank created even more new money for loans to their favorite customers. This explains the speculative activities that followed the 2008 crisis.
Throughout the process of the newly created money movement in the economy, ordinary people are shut out because they are the last to benefit or no direct benefit to them at all. But the riches got to use their loans to get even richer in the stock and real estate markets.
From year 2000 up until 2008, everyone includes the poor were cheering for their economy which was an inflationary period. Besides inflation was speeding ahead, 2008 recession put majority of the people (back) into misery. So that 2000 to 2008 was just a dream which they had to wake up.
But the rich and the politically connected just dive themselves into the newly created money and swam to more riches.
Money creation is a monopoly. A monopoly held only by the governments. The easiest way to get rich is to collaborate with the governments. After the 2008 crisis, you should wake up to this fact that governments work for the riches. To help the poor is just a political moral propaganda. These politically connected people love their government. Together they think they are doing good things to their country.
But the simple truth of government creating money out of thin air is a criminal act. Creating new money is counterfeiting. The new money dilutes existing money's buying power. Our government is actually stealing our money by creating more money.
The only way to stop the poor becoming poorer is to outlaw the government to create new money.
First the new money goes into large corporations that needed the money as ordinary small businesses and people are ignored. Government's make-work programs benefit directly the large and politically correct corporations. Then the money simmered down to smaller contractors and their employees. This explains the banks are saved; some insurance companies are saved; and some other too-big-to-fail corporations are saved.
Eventually the new money got deposited into the banks. Since the economy is in the midst of a crisis, banks tightened their loan qualifications therefore locking out ordinary folks and corporations less than 'big'. But the larger corporations and the riches who had good relationships with their banks can obtain a share of the newly created money. Don't forget Fractional Reserve Banking Act, which allows the bank created even more new money for loans to their favorite customers. This explains the speculative activities that followed the 2008 crisis.
Throughout the process of the newly created money movement in the economy, ordinary people are shut out because they are the last to benefit or no direct benefit to them at all. But the riches got to use their loans to get even richer in the stock and real estate markets.
From year 2000 up until 2008, everyone includes the poor were cheering for their economy which was an inflationary period. Besides inflation was speeding ahead, 2008 recession put majority of the people (back) into misery. So that 2000 to 2008 was just a dream which they had to wake up.
But the rich and the politically connected just dive themselves into the newly created money and swam to more riches.
Money creation is a monopoly. A monopoly held only by the governments. The easiest way to get rich is to collaborate with the governments. After the 2008 crisis, you should wake up to this fact that governments work for the riches. To help the poor is just a political moral propaganda. These politically connected people love their government. Together they think they are doing good things to their country.
But the simple truth of government creating money out of thin air is a criminal act. Creating new money is counterfeiting. The new money dilutes existing money's buying power. Our government is actually stealing our money by creating more money.
The only way to stop the poor becoming poorer is to outlaw the government to create new money.
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