"The Republican/Conservative “solution” to the “crisis” these three movements represented was put into place in 1981: the explicit goal of the so-called Reagan Revolution was to take the middle class down a peg and end the protests and social instability. "
The Annual Report of the Bank for International Settlements (central bank of centr…
"The Republican/Conservative “solution” to the “crisis” these three movements represented was put into place in 1981: the explicit goal of the so-called Reagan Revolution was to take the middle class down a peg and end the protests and social instability. "
The Annual Report of the Bank for International Settlements (central bank of central banks) stated in it's 1983 report that the standard of living of the west has to be reduced.
And Paul Volker when he was chair of the Federal Reserve from 1979 to 1987 said the same thing, and Jerome Powelll is dead set on following through, under the guise of cooling inflation. However real inflation is caused by the interest that has to be repaid on debts which create, via the fractional reserve system, money out of thin air, based solely on the debt. As debt is paid down and off, the money created out of debt, does not create the money to pay the interest...hence "inflation". The Federal Reserve open window interest rate (the rate at which preferred borrowers can buy Treasury bills and bonds, is the basis for what is called inflation. The greater the interest rate, the more the dollar is devalued. The demand for debt, especially consumer debt and government debt, is inelastic, so raising interest rates doesn't cool the economy, it just makes inflation that much worse, down the road.
The other cause of rising prices, is not inflation, but corporate greed, both at the source and by the middleman, which is passed on to the retailer and supplier of services, each of which raises rates to catch up, and when added in their totality by the consumer is much greater than the government index of inflation, and results in bankruptices or choices between medicine and food for the family.
I'd say that corporate greed is the #1 cause & politicians getting too much bucks from wealthiest few, cannot relate to common Americans & do not even care. Greed is the worst of sins, cuz' it brings all the others with it!
As regards politicians I agree, but there are a few, a valiant fee, who are not motivated by greed. Some have principles, like Tommy Tuberville, of course he is a bigot and a man motivated by rear of loss of what he perceives as primacy. As regards the mass of maggots, It is not greed, by bigotry motivated by fear, fear of being replaced at the top of the pecking order.
That fear produces anger and angst and it grabs hold of the lizard brain, wraps itself around it like the alien in Aliens.
In case anyone misread me. I am making a case against the fascist Republicans like Tuberville, and not for him
"The Republican/Conservative “solution” to the “crisis” these three movements represented was put into place in 1981: the explicit goal of the so-called Reagan Revolution was to take the middle class down a peg and end the protests and social instability. "
The Annual Report of the Bank for International Settlements (central bank of central banks) stated in it's 1983 report that the standard of living of the west has to be reduced.
And Paul Volker when he was chair of the Federal Reserve from 1979 to 1987 said the same thing, and Jerome Powelll is dead set on following through, under the guise of cooling inflation. However real inflation is caused by the interest that has to be repaid on debts which create, via the fractional reserve system, money out of thin air, based solely on the debt. As debt is paid down and off, the money created out of debt, does not create the money to pay the interest...hence "inflation". The Federal Reserve open window interest rate (the rate at which preferred borrowers can buy Treasury bills and bonds, is the basis for what is called inflation. The greater the interest rate, the more the dollar is devalued. The demand for debt, especially consumer debt and government debt, is inelastic, so raising interest rates doesn't cool the economy, it just makes inflation that much worse, down the road.
The other cause of rising prices, is not inflation, but corporate greed, both at the source and by the middleman, which is passed on to the retailer and supplier of services, each of which raises rates to catch up, and when added in their totality by the consumer is much greater than the government index of inflation, and results in bankruptices or choices between medicine and food for the family.
I'd say that corporate greed is the #1 cause & politicians getting too much bucks from wealthiest few, cannot relate to common Americans & do not even care. Greed is the worst of sins, cuz' it brings all the others with it!
As regards politicians I agree, but there are a few, a valiant fee, who are not motivated by greed. Some have principles, like Tommy Tuberville, of course he is a bigot and a man motivated by rear of loss of what he perceives as primacy. As regards the mass of maggots, It is not greed, by bigotry motivated by fear, fear of being replaced at the top of the pecking order.
That fear produces anger and angst and it grabs hold of the lizard brain, wraps itself around it like the alien in Aliens.
In case anyone misread me. I am making a case against the fascist Republicans like Tuberville, and not for him