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ARE YOU CONFUSED ABOUT THE ECONOMY?

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MegaROBLOXhater is not online. MegaROBLOXhater
Joined: 14 Apr 2013
Total Posts: 417
24 Apr 2013 10:32 AM
WELL HAVE NO FEAR

I'm going to explain the American economy right now

The dollar just think of it like
a promise from the government
But the value of the dollar
has to be there to be relevant

The value of the dollar comes from
China and Iran
When they put their cash reserves
in a U.S. dollar plan -

They buy treasury bonds from
The Federal Reserve
We say "we owe you extra money
cause you gave us some of yours"

That's a big part
of the National Debt
All the interest that we
haven't paid to China quite yet -

And a hundred other countries
Cause we're such a good investment
The whole world gives us money
We say "Hey we'll pay you interest!"

This is how money is created from air
Bank bailouts, federal budgets
Money isn't really there -

It's an I.O.U., remember dollars are a promise
When you borrow from a bank
It's not from other depositors

The money for your loan
Gets created on the spot
Then they put it in your name
Gamble on your life and body -

But if you lose your job
Then you were a bad bet
If a million lose their jobs
Then we have a recession

Here's the dirty secret
Your labor's too expensive
Wall Street wants you spending money
But they never want to pay you -

In your life cash and credit
They are very different things
But your credit's someone else's cash
Once it leaves your name

This is why money is debt
And your debt is good for
Wall Street prosperity -

And economic growth since the 1970s
Is consumers getting credit
Without wages increasing

So when they talk about the housing crisis
They never say we need to lower housing prices -

We need ^better devices
To afford high prices
Meaning higher debt lower interest
Cause you're underpaid to begin with

That's the cycle we're in
We don't understand so
All we can do is question
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Tdc88 is not online. Tdc88
Joined: 16 Feb 2009
Total Posts: 9965
24 Apr 2013 10:33 AM
choclate rain
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MegaROBLOXhater is not online. MegaROBLOXhater
Joined: 14 Apr 2013
Total Posts: 417
24 Apr 2013 10:35 AM
NO ONE CARES APPARENTLY
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