Forum Post: Get ready for another drop in the value of your paycheck and a crack of the whip on the backs of the poor.
Posted 2 years ago on Aug. 22, 2012, 3:45 p.m. EST by richardkentgates
from Fort Walton Beach, FL
This content is user submitted and not an official statement
You people can ignore this till there isn't enough economic circulation to keep the internet operating but it isn't going away till you speak up. This is not a partisan issue, this is an issue for anyone that works for a paycheck. This is an issue for anyone not living off of investments. This is an issue for the 99%.
The markets by nature, because of consistently low demand, have to experience enough deflation to match exiting demand. There is not enough demand in our economy to justify the current level of inflation, so the FED keeps pumping money into Wall Street to prop up this unjustified inflation.
Every time they print more money or supplement credit, they are working against a real recovery because a real recovery cannot happen without some deflation taking hold first. They are placing the retention of wealth for the 1% over the needs of the 99% and any actual recovery. The FED is also retarding the self correcting nature of capitalism. This is another example of the FED perverting capitalism to feed the aristocracy.
Higher Gold from inflation fears in China http://articles.marketwatch.com/2012-08-09/markets/33108036_1_gold-futures-october-platinum-dollar-index
Yet, somehow, the proponents of QE continue to silence opposition and the money pumping continues. Maybe because the people who rule the world of finance control everyone and everything. The 1%. Wake Up Folks, while you squabble over nonsense, we're getting fucked. If this is too complicated, start googling or binging or yahooing, go to the library, read. This is too important to look away.
Related thread: http://occupywallst.org/forum/it-depends-on-what-class-youre-in/