3 ms·
JFC this is basic math everyone: When you increase the money supply, anyone/anything leveraged into assets with debt will have an outsized return compared to t
by VirusNewbie 5y ago
JFC this is basic math everyone:
When you increase the money supply, anyone/anything leveraged into assets with debt will have an outsized return compared to those who are not leveraged.
Corporate debt is quite a lot more than consumer debt, and the upper middle class and rich own the majority of corporate shares.
US Monetary policy for the last 50 years have been to transfer wealth from the poor and working class to the upper class. Everyone, democrats, socialists, republicans push for policies that do this. This is not a secret mystery.
- fdgsdfogijq 5y agoI agree and think it really is this simple. The elite created instability through complex financial products and risk taking, which caused crashes, which has been resolved through money printing that essentially debased the currency. Everyone holding assets that are not US dollars, but are based in the USA, made out like a bandit. Everyone else lost a ton of money, and their wages lost purchasing power. The metrics through which they measure inflation are completely misleading.