Since 1913 our fiat currency has been systematically devalued through inflation by the Federal Reserve Bank.
I think our entire house of cards, debt based, ponzi scheme of an "economy" may be based on a guarantee of gradual inflation over time.
In exchange for this government / FED guaranteed ability to increase prices and presumably earnings perhaps corporation have agreed to increase wages enough so that sheeple can still go to the mall to buy plastic gadgets..
However, corporations did reserve the right to fire / unemploy as many "workers" as necessary if presented with something as substantial as a "slow" economy which could possibly effect earnings per share in a negative way.
I don't think much thought is given as to how many lives may be ruined by their actions to protect the "holy grail" of profits..
How many single mom's may be booted into the street by foreclosure?
I doubt that comes up in the boardroom much either.
Hell, in the boardroom the only thing that matters is profits. Beating earnings estimates every f'ng quarter is the "goal". So it's pretty clear what the corporate "mission" is..
Do whatever TF it takes boys, GIT ER DONE!
And, so filled were they with hubris, lust, greed and corruption that they blew everything TF up.. Politicians and bankers alike..
We set this system up. Presumably we the people through our "representatives". Apparently today it passes for "capitalism". Which is supposed to work.
For everyone..
Is it?
Apparently it is.. Not too long after the (unwarranted?) panic of 2008, banks were reporting "record" profits..
Major corporations too, "record" profits..
The market is up 100+ percent off the bottom.. 100+ percent..
Capitalism, it seems, is working just great! The Bernanke led Federal Reserve banking "system", including the somewhat mysterious Primary Dealers, have made sure of that..
Do whatever TF it takes boys, GIT ER DONE!
Why did all those millions of people have a job in the first place? "Record" profits without them? F*ck them..
Since we the people, in theory anyway, set up this "thing" we call an "economic system" does that mean we the people can "change" it? Or merely scrap it altogether? At least in theory?
I just don't feel like the government, Federal Reserve Bank, Primary Dealers or major corporations would like that idea..
They just wouldn't like the idea of ordinary (uneducated?) people tinkering around with their "baby".
I certainly don't see any indication from any of them that "they" want to change anything at all.
It seems, to me, that most of our so-called economy is based on the ability of banks and corporations to wage a war of predatory lending and usury against schooled, yet somehow uneducated, sheeple.
Eh.. F*ck those people who lost their jobs and homes, they'll get over it.. This is capitalism & if you don't like it then f*ck you too! Start your OWN f'ing business and do whatever TF you want! Just shut TF up and stop your whining already!
JEEZE, I got PROFITS to worry about here! WTF is WRONG with you anyway?!
Sometimes, I must admit, I'm not even all that impressed with capitalism anymore..
There.. I f'ing said it..
Greg
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