"To build a fairer, greener society, money must be made to serve the people, not the other way #coronavirus #ClimateAction #ForNature
With governments and banksters basically being the same motley outfit, is it strange the system seems running on its last legs? And that the chasm between highest and lowest earners is back to record levels, on a par with the 19th century?#ClimateAction #ForNature
We must work towards fair distribution of entitlement to the earth's purchasable goods. Clinging to gold, once thought to have intrinsic value because it came from the sun, looks to me to be an embarrassing step backwards in evolutionary time.#ClimateAction #VoteBlue
Wading unto the breach and armed with the knowledge of how close capitalism came to a system failure in 2008, they have fired the “big bazookas” of monetary policy, pumping trillions of dollars into the world’s giant pool of money, effectively creating wealth out of nothing.
Creating wealth out of nothing (!) If only. That'll be the day. This of course is the modern economics necromancy, black magic, conjurers tricks. This was a situation that the Fed created not solved. Printing green paper does not necessarily make a society wealthy.#ClimateAction
Only the production of physical goods and services does that. Paper money is only a means of circulation or a unit of account, it is not a source of value. If it were all that would be needed is to print the stuff and give everyone a million Dollars, #ClimateAction
no make that two million, no five million. And of course we wouldn't have to go to work, just sit around and wait for the next helicopter drop.#VoteBlue #ClimateAction
Central Banks are printing money to protect the asset prices of property and stocks to ensure the banks and the financial oligarchy do not lose their wealth or control over the economies.#COVID19 #UniversalBasicIncome #ClimateAction #VoteBlueToEndThisNightmare
Capitalism didn't come 'close' to a 'system failure' in 2008 - it resolutely failed. The bond markets froze. Without unlimited public guarantee, everything would have been trading thereafter at pennies on the Dollar.#UniversalBasicIncome #ClimateAction #VoteBiden
All of the funny money edifices are about to come tumbling down once again.
It is now impossible to get a 90 per cent mortgage because the lenders know the housing market is about to get a Big hit. #coronavirus #ClimateAction #ForNature
Negative equity all round means nobody but the mega rich can move, which means not buying new furniture, carpets etc.
You would have to be mad to invest in property at least for this year and probably next. #VoteBlueToEndThisNightmare #BidenHarris #ClimateAction
"effectively creating wealth out of nothing" Yes and when it is time to balance the books, it is the taxpayer that foots the bill. Nice little scheme they have got. Now is the time to end this daylight robbery and put all banks, reserve and high-street, back into public ownership
But no, they are going to try and lend you even more money so you have to doubly foot the bill for this shambles. #Climateaction
Central banks have pumped money into the economy, but it’s no substitute for democracy
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But democracy doesn't feed people or keep their businesses afloat, especially when it's a democracy subordinated to speculative interests. #coronavirus #ClimateAction
Democracy and morality is dead in the US at the moment.
When we have Liars and Racists in office that get their by lying and being racist or morals have gone. #BlackLivesMatter @JoeBiden #VoteBlueToEndThisNightmare
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