Forum Post: The Rich Gets Richer and the Poor Gets Poorer
Posted 9 years ago on July 16, 2014, 9:30 p.m. EST by FJR2014
(0)
from Austin, Teksas, TX
This content is user submitted and not an official statement
A four-minute analysis on the current situation:
http://www.nasrtv.com/modules/video/singlefile.php?cid=13&lid=10295
''Why We're Doomed : Interest & Debt'', by Charles Hugh Smith :
From which ... ''If you want to know why the Status Quo is unsustainable, just look at interest and debt. These are not difficult to understand: debt is a loan that must be paid back or discharged/written off and the loss absorbed by the lender. Interest is paid on the debt to compensate the owner of the money for the risk of loaning it to a borrower.
''It's easy to see what's happening with debt and the real economy (as measured by GDP, gross domestic product): debt is skyrocketing while real growth is stagnant. Put another way--we have to create a ton of debt to get a pound of growth.''
Your interesting video link gives insight into the lie that was ''Trickle Down Economics'' & shows how it was ''Hoover Up Economics'' all along and is now getting worse. The 'Oxfam' report referenced is good but is flawed in its hope and exhortation that The 0.01% Parasite Class will act against their own short term pecuniary advantage because their abject venality knows no limits, so The 99% Must Struggle On.
radix omnium malorum est cupiditas ...
https://archive.org/details/WeNeedAnotherPresidentLikeFranklinDRoosevelt
Hobo Johnny Jazz with HARMONICA sings MY OWN TOPICAL FOLK SONG about GET BACK TO THE LAND, RAISE YOUR OWN FOOD etc.
This movie is part of the collection: Community Video
Producer: HOBO JOHNNY JAZZ Audio/Visual: sound Keywords: GROW FOOD; GOVERNMENT MULE; BOXCAR-JOHNNY
Creative Commons license: CC0 1.0 Universal
Because consumers have no debt suspension rights, their debt and the residual income they perpetually produce via penalties, fees and interest rate charges causes the never ending cycle.
The www.debtneutralitypetition.com has made it to 645 signatures but has been stuck there for the past while.