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State of the Union Address - 24 Jan 2012
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<blockquote data-quote="Just_another_day_at_work" data-source="post: 932663" data-attributes="member: 23074"><p><a href="http://www.browncafe.com/forum/members/satellitedriver/" target="_blank">http://www.browncafe.com/forum/members/satellitedriver/</a>satiellitedriver,</p><p>I lived under of Slobodan Milosevic, so I got a pretty <span style="color: #ff0000">nice </span>experience what is it mean to be poor. Snapshot water, 2 kind of pasta to choose from... Let's not make it who did what, when.</p><p>For economics, if the <strong>private</strong> central bank leave interest rate to 0 (which they will, 16Trillion debt is lot), that means whoever saves money gets back a whopping 1-2% but if you have (real)inflation of around 5-10%, you basically loosing money overtime by putting into the bank. So for banks who borrow money(winners) at 0. some % from the FED can get cheap money, while middle and poor income try to save it(losers). Once inflation gets out of control, which it will they cannot raise the interest rate, not even 1% because we are broke already, the interest on the debt would be impossible to service. </p><p>In the 70's Nixon took the US off the gold standard...</p><p>The system that works on the whole entire country is screwing the bottom and the middle class. The poor gets hit the worst.</p><p>What I see that you made 1.92 USD in 1972, that's today over 10 USD per hour counted with inflation used a couple of calculators <a href="http://www.usinflationcalculator.com/" target="_blank">Inflation Calculator | Find US Dollar's Value from 1913-2011</a></p><p>So you made over the today's minimum wage. </p><p>I don't think most people blame the rich, it's people who did cheat and got rich and no jail for them, since 2007's the crash how many actually landed in jail. I like this saying for this:</p><p>"Give a man a gun and can rob the bank, give a man a bank and can rob the world"</p><p>And there is the fractional banking system, but won't go into there.</p><p>Look I live good, I have what I need, but I already know that I will get screwed, only a matter of time... </p><p>If you think we are really on the right direction take a look at the national debt chart, how much the dollar lost it's value since 1913, what's the price of gold chart, last years home-sales/price, real unemployment rate.</p></blockquote><p></p>
[QUOTE="Just_another_day_at_work, post: 932663, member: 23074"] [URL="http://www.browncafe.com/forum/members/satellitedriver/"][B][/B][/URL]satiellitedriver, I lived under of Slobodan Milosevic, so I got a pretty [COLOR=#ff0000]nice [/COLOR]experience what is it mean to be poor. Snapshot water, 2 kind of pasta to choose from... Let's not make it who did what, when. For economics, if the [B]private[/B] central bank leave interest rate to 0 (which they will, 16Trillion debt is lot), that means whoever saves money gets back a whopping 1-2% but if you have (real)inflation of around 5-10%, you basically loosing money overtime by putting into the bank. So for banks who borrow money(winners) at 0. some % from the FED can get cheap money, while middle and poor income try to save it(losers). Once inflation gets out of control, which it will they cannot raise the interest rate, not even 1% because we are broke already, the interest on the debt would be impossible to service. In the 70's Nixon took the US off the gold standard... The system that works on the whole entire country is screwing the bottom and the middle class. The poor gets hit the worst. What I see that you made 1.92 USD in 1972, that's today over 10 USD per hour counted with inflation used a couple of calculators [url=http://www.usinflationcalculator.com/]Inflation Calculator | Find US Dollar's Value from 1913-2011[/url] So you made over the today's minimum wage. I don't think most people blame the rich, it's people who did cheat and got rich and no jail for them, since 2007's the crash how many actually landed in jail. I like this saying for this: "Give a man a gun and can rob the bank, give a man a bank and can rob the world" And there is the fractional banking system, but won't go into there. Look I live good, I have what I need, but I already know that I will get screwed, only a matter of time... If you think we are really on the right direction take a look at the national debt chart, how much the dollar lost it's value since 1913, what's the price of gold chart, last years home-sales/price, real unemployment rate. [/QUOTE]
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