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| 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
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| Joined: 16 Feb 2009 |
| Total Posts: 9965 |
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