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In both cases it tends to be capital holders that win. The middle class grows when there is stability and neither inflation nor deflation. The constant instabi
by fjcidnbdixbd 2y ago
In both cases it tends to be capital holders that win.
The middle class grows when there is stability and neither inflation nor deflation. The constant instability we see only benefits the capital holders who can profit off both the ups and downs.
I’m not sure how many more years of a quasi government organization (that is far too buddy buddy with major capital holders) imposing a tax on existing (inflation) we’ll have to suffer before we get a central bank that exists for the American people and not capital that operates in America.
- OrigamiPastrami 2y ago> before we get a central bank that exists for the American people and not capital that operates in America The USA is arguably the most capitalistic country/culture/society on Earth, and you're wondering how long it will be until the USA fundamentally changes the core mechanism of its banking to be inherently socialistic? I can't say when, but it's not happening without a violent revolution that would make 1790s France look like a children's fairy tale.