Sunday, March 13, 2016

Quantitative Easing Stealing From the Middle Class

I recently read an article in a financial magazine. It blamed the central banks for making the rich richer and the rest of us poorer because of Quantitative Easing (the over printing of money by the Federal Reserve). It then accuses the people behind it, the ones controlling the central banks (like the Federal Reserve) of being stupid and not learning from past mistakes. The article is wrong, the people that are printing the money intend to only benefit the wealthy. That has always been their intent and that is why Andrew Jackson sought to eliminate the precursor to the Federal Reserve. He said that governments did not need to borrow money from private bankers and he was correct.

Let me really simplify this. Wages have not gone up in the last ten years or so. During that same time the taxes on the wealthy have gone down about 50% (really). That means that the middle class is paying more as a percentage of their income than the wealthy. Those tax breaks were made on the promise that the wealthy would create more jobs in America, they did not, they increased outsourcing to China. Quantitative Easing, the lowering of interest rates by the overproduction of money will mean that the middle class pays the debt disproportionately to the wealthy. It was meant to steal money from the middle class and leave us with the debt. It is the final plundering of the American worker.

Rubio and the Republican Party Don't Think Voters Should Choose the Nominee

So Marco Rubio has come out and said that his supporters in Ohio should vote for Kasich. He has told his own supporters to not vote for who they want even if they want him. The whole purpose of the primaries is to find out who the voters want; but, as far as Rubio and the establishment is concerned they don't want to know who the voters want. Think about that.

As for Ted Cruz, he doesn't respect the voters either. Cruz has called Trump supporters "low information" which is to say that he believes half of the Republican party voters are idiots. Sarah Palin called him on this in a Facebook Post. Sarah Palin - GOP Majority Voters in Primary are Wayyyyyy Beneath Cruz, So Says Cruz.  Even Fox News took Cruz to task for this. Fox - Cruz says Trump backers have 'relatively low information,' not very 'engaged'

Breitbart - HuffPo’s Grim: 54 Private Jets at Meeting to Stop Trump.  Politicians of both party and billionaires got together to figure out how to ignore the will of the voters. These things should bother you even if you dislike Trump.

YouTube - How the Elite Control the World: The Rich Getting Richer, the Upper Class & Money in America (1996).  This is a video that is really worth watching. It is about the attitude of globalism rather than nationalism in the wealthy of today.

The New York Times - The Party Still Decides.  Here is a line from the article, "The less-than-democratic side of party nominations is a virtue of our system, not a flaw, and it has often been a necessary check on the passions (Trumpian or otherwise) that mass democracy constantly threatens to unleash."