I'm not saying it's your neighbors fault. Just that you are in competition with the neighbor. As long as you keep just blaming the "fat cats" and thinking you have no power then you are indeed powerless. You and the neighbor just keep competing and driving down wages as you each offer to do the job for less. Classic supply and demand.
Bankers are a completely different issue from what I have been talking about. I'm talking about those who own the means of production. Bankers don't produce. They just suck. If it were a different system I could get behind it. If it were a system where you are allowed to loan out your own money or any portion of it at interest then I could say that they had the money to lend so they get to reap the reward of the interest. But that's not how the system works. Our system uses fractional reserves. So you get to, if you are part of the cabal, loan out the same money over and over and over until you've turned a little into a lot. You get to loan out money you don't have and then when that money gets deposited at the bank you're allowed to re-loan out 90% of that. If you think that we could all go to the bank and get our money right now then you're a fool. They haven't got 5 cents on the dollar of what you deposited. It simply doesn't exist except on their ledgers and in their pockets. Yeah, if you want to bash bankers I'm all in with you. If you want to bash capitalists I'll argue.
The idea that "anybody" can make it to the top is taken as meaning that "everybody" could make it to the top if they just tried hard enough -
If you don't know what fractional reserve banking is. Or even if you do. Seriously. Watch this one.
Flat earthers of course.I forgot to say that a President must be diplomatic, articulate, erudite, an expert in many fields and yet still remain modest.I like the idea that people get where they are through the sweat of their own brows. They don't. Some people at the top of the pile have had good ideas and do work hard, but even for them 95% of why they are where they are is pure and simple luck.The "American Dream" is an illusion. The idea that "anybody" can make it to the top is taken as meaning that "everybody" could make it to the top if they just tried hard enough - and that is clearly false. The "anybody" who does make it to the top does so by chance, coincidence, luck.
The businessman who screws his way to millions of dollars is not a friend and the Fed is not his shield.Banks not having all the cash deposits on hand is not an evil. Holding people to mortgages after taking their assets is evil.
It's exceedingly obvious that you haven't ever been your own boss. I'm sorry for that. You should really try it out some time. It's not nearly as hard as you make it out to be.Again, if you're talking about the Jeff Bezos of the world then I'm with you. But they only represent a tiny tiny tiny fraction of the businesses out there. 90% of businesses are like Ray's Lawn Care. And Ray don't play. He gets up every morning, busts his ass, and saves his money. And in the last three years I've seen him go from fresh over the border immigrant literally walking around the neighborhood with an old push mower that barely ran to owning trucks and trailers and riding equipment for multiple crews. If you think what happened to him was all luck then I think you're just jealous. It wasn't. Luck was working against him in a big way. It's easy for you to blame your failures on the *luck* of others. But it just isn't true. Even you could have built something. Don't be so bitter. You're only trapped by your own fears. And that's the story of the vast majority of business owners. They're not millionaire capitalists. They're average Joe's making about the same or a little less than the average working man. But they don't answer to the bosses. And there's real value in that.
...I'm not saying that all banks should have 100% reserves, but they should be holding any part that I request stay in reserve and they should pay me the bulk of the interest earned on any portion that I allow them to loan out. It definitely isn't right that they take my money at 0.01% and then loan it out on revolving credit at 22%. ...And now in Europe you even have them paying negative rates. You pay them to take your money and make more money out of it for themselves. Think about that for a minute.
Really though everybody's position is down to luck. Ray was lucky to get across the border, lucky not to get deported, lucky to get the old push mower, lucky to get jobs. I am sure there are plenty of Rays who worked just as hard and who are just as smart but did not do as well.
And in the last three years I've seen him go from fresh over the border immigrant literally walking around the neighborhood with an old push mower that barely ran to owning trucks and trailers and riding equipment for multiple crews. If you think what happened to him was all luck then I think you're just jealous. It wasn't. Luck was working against him in a big way.
But that's not what the banks are doing. They loan out imaginary money that they don't have. And then expect you to pay it back along with some extra money that never existed. That is an evil.
All I'm saying is that it isn't right to say it was all just luck. He worked his tail off to get there.
But there is an implication in the "He worked his tail off" that he is somehow better than others who take a more relaxed approach to life, and I don't agree at all with that.
The global environment is better served by the people who do as little as possible. If there had never been a human entrepreneur we would not now be worrying about global warming. And its not too late to stop them.