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RE: On Rapidly Increasing Wealth Inequality

in Economics3 months ago

There is a big problem here… most of the explanations are not true. So, as you say, most people cannot see, and do not know what the real problems are.

Elonzo Musky does not have a trillion dollars. He is a brokie that puts everything on credit-cards. But, because he is of the bankster-preferred class, he can do so forever, and never really have to pay it back.

This entire thing, everything stated above is because of the bankster class. Money printing.

Can you save up money to buy a house, and then outbid someone who got a mortgage? Only in extreme cases. Free/printed money is always larger than saved money. So, house prices go up and up and up till they are equal to 30 years of max payments you can afford.

And THEN! if the economy turns down, or the interest rate is raised, everyone suddenly cannot afford housing. And, in 2008, that is exactly what the Fed and banksters did.

This is all about the banksters destruction of the middle class. The banksters want serfs. They will buy up all the houses, and then you will rent.

In 2008, the banks sold all their houses to these corporations that did nothing with them. Kept them off the market. The same is still happening. Housing inventory is controlled by the banksters.

And the scheme is just like the "company store". The company pays you. The company store costs just a little more than you earn. You cannot escape the system without real effort.

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What are you, some kind of conspiracy theorist?! 🤪😜

I actually like how Gary Stevenson explained how both 2008 and the 2020 lockdowns basically just funnelled governement wealth (AKA tax money) into the hands of the billionaires. All done in a way that makes it seem like they were just helping out the people. When he explains it, it's just so obvious and straight forward I don't think even sceptics can miss seeing how obvious that wealth transfer is. At this point I don't think it even matters why it's happening, just that it is happening and it's becoming more and more apparent.