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As a middle class American who paid for my home for 24 years month after month, who did not speculate, nor took any risk, this guy pisses me off. They stole my
by catfish 18y ago
As a middle class American who paid for my home for 24 years month after month, who did not speculate, nor took any risk, this guy pisses me off. They stole my equity. Period. Plain and simple.
It was their fancy methods of making money that stole the money for my retirement, my children's education, and home improvements. I wish they would take their 2 trillion dollars and fly to the moon.
These people are scum. Harvard is just a fancy school for thieves. You can dress up a pig, and its still a pig.
When these folks wanted to make money they changed the bankruptcy laws, freed up credit, and started charging 30-40 percent interest on credit card loans.
They freed up credit in the home loan markets and allowed speculators to drive up the price of homes 3-4 times their value. And then when the bust comes, they cry their eyes out because they are afraid to invest.
They are fear based because the days of thievery are at an end. It sickens me to see someone post this stuff as if they are our only answer to the future.
The real answer has several components:
1. Tie our money to a real standard. Gold.
2. Loan money to middle America from Banks ran by our country and limit interest earnings to 1 percent. This means housing, student loans, car loans with a cap of 1% payback for fiat money borrowed to pay for it.
3. Get rid of income tax. Sales tax only.
4. Eliminate sales of stocks which do not provide a minimum dividend payment monthly. You can't pay your dividends, you go bankrupt. Period.
5. No more funny money games with derivatives, credit swaps, bundling, blah bu blah. To hell with free wheeling economics. It does not work and it only helps the greedy bastards that continue to screw us middle Americans that only seek stability in our futures.
6. Money = Greed. Control how much any one entity is allowed to own based on productivity. Cap it based on ability to produce goods, services, or IP. No CEO should be paid more than 50 times the lowest level employee in the company. Think we would be talking about minimum wage if this were the law?
7. Force people to save by taking 1% of all sales tax paid every year and allocating it to a privatized social security account.
8. Eliminate Unemployment. If you can print money the way we do, then spend it on creating government jobs meant to help people. If money is not tied to a gold standard, then its really just perception anyway. Print it and give it directly to folks that will use it to live better than poverty levels.
9. Free Health Care for everyone. Pay doctors the same level you pay a money manager and the doctor shortage is gone in 6 years. HMO's? Private medicine? How do you justify this in the worlds richest country with 42 million men, women, and children, not able to afford it?
It is only a matter of time before we eliminate money entirely. 500 years? A thousand? One day nano tech and robotics are going to completely eliminate labor required to fulfill our basic necessities. Star Trek Communism will replace this greed driven economy.
Live long and prosper...