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Forum Post: The economy sucks not in spite of the FED pumping money into WallSt but because the FED is pumping money into WallSt

Posted 1 year ago on Aug. 24, 2012, 1:56 p.m. EST by richardkentgates (3269) from Fort Walton Beach, FL
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What part of this is everyone not getting? You are shown the smoking gun of how the 1% continues to prey on the country and you would rather debate what? What the fuck is so profound as to nullify the very issue of our day, inequality?

Just me talking about it isn't doing anything but making me type a lot. Several people talking about it will cause it to trickle into the media cycle. Unless inequality isn't really an issue for you, then that makes a lot of sense. If you need proof, ask and I will see if I can answer your question. Do some checking on the facts around this.

13 Comments

13 Comments


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[-] 2 points by factsrfun (10721) from Phoenix, AZ 1 year ago

If we don't address wealth inequality, who will?

[-] 2 points by jrhirsch (4714) from Sun City, CA 1 year ago

Wall street feeds off the money we pump into the corporations buying their name brand products. Our most powerful vote is with our dollar. Don't support corps who don't pay a fair wage, ship jobs overseas, or contribute to political campaigns.

Koch products

Apple

Walmart

Big banks

Fast food

Buy used, buy generic, buy local, buy in bulk, make or grow your own.

Don't feed the beast and then complain that it grows larger and more destructive!

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

Those are great ideas for the long term. I'm talking about action the FED may take this week or next, in a cumulative effect with the same practice over the last 5 years. It's all coming to a head inside the next 18 months.

[-] 1 points by jrhirsch (4714) from Sun City, CA 1 year ago

Within 30 days, if 10% of the population did what I described above, drastic reform would begin to take place. We have a lot more chance of influencing large corporations than we do the Fed. It's the people who are the main pumps of money to wall street. Our labor, our dollars, are what we pump into them every single day. We have enormous power, but don't realize it. Just a 10% reduction in sales would get their attention like no other force on earth.

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

Which is more likely, you helping spread the word about the damage the fed is causing and maybe see it trickle into the media cycle, or you changing the habits of several million people in the next 18 months. Once the FED issue is in the media for how it really effects the economy, the gov will be forced to act for political purposes, the required motivator for Washington.

I'm not here to spank the mental monkey, a few dozen people hitting the media on social networks, asking why the FED continues to devalue the dollar by pumping money into Wall Street will create an opening they cannot close.

[-] 1 points by jrhirsch (4714) from Sun City, CA 1 year ago

Spending our money is in our hands. We have direct control. We do not have direct control of what the Fed does. The Fed is set up to be out of the reach of both political and public influence.

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

Let me know when you have converted the American population.

[-] 2 points by jrhirsch (4714) from Sun City, CA 1 year ago

About 15 minutes before you convince them to end the fed.

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

Could you point out where I said to end the FED? Do I look like ron paul? I simply want the media to engage in a conversation about the impact of FED actions and policy. The rest will take care of itself.

[-] 1 points by jrhirsch (4714) from Sun City, CA 1 year ago

My mistake about ending the fed. But looking at the history of booms and busts since 1913, the Fed does not seem to be very effective.

http://www.ritholtz.com/blog/2010/03/business-booms-and-depressions-since-1775/

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/Real%20GDP%20.jpg

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

Yes, but I have no illusion that the FED can be ended. Not directly anyway. It would take a very long time to do it. Start by making the public aware of the FED controlling policy that congress should be in control of. Inflation, things like that.

[-] 2 points by alterorabolish1 (569) 1 year ago

You are right and I have read your posts about how it works. Inequality is the correct word to use to describe these events.

Hopefully it will trickle into the media cycle but I'm betting against that possibility.

When we are actually in the bread lines, more people will be interested but it shouldn't need to come to that.

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

You're probably right. It's easier for them to just keep drinking the koolaid. Drinking the koolaid doesn't require anyone to think.