6 ms·
* If citizens approve money printing to citizens, then it helps them out. * Money printing to the privilege class (investors), creates permanent theft to citiz
by HashThis 6y ago
* If citizens approve money printing to citizens, then it helps them out.
* Money printing to the privilege class (investors), creates permanent theft to citizens going forward, for these two reasons:
1) Salaries don't go up with inflation for low income and middle class. Only Gold-color workers.
2) That money going to privilege class has them bid up equities/stocks (and other) asset classes. Workers with 401k get far smaller percent of the stock market. Instead of 10% YoY return from the stock market for their retirement, they get a lower percentage.
2008 had US Dollars at $800b (monetary base). 5 years later, it was $3.6 trillion. That is 450% as many USDollars as before. That money printed $2.8 trillion went to the privilege class. Workers adding to their 401ks get robbed for the rest of their life, on lower growth.