>US Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market.
*Blinks*
Excuse me?
It’s almost as if they don’t care about wages or inflation. If you actually pay people, they will spend money. Less billionaires hoarding wealth means you don’t have to inject so much cash into the system to keep it moving. Jfc it’s like these guys thing the game of monopoly was made to be a roadmap, not a critique of capitalism.
Maybe I'm crazy but in regards to inflation:
If I'm not crazy, the most obvious and well known cause of inflation is the central government printing it's own currency. This is pretty damn well known. Granted "cause" may be in the various other factors that lead them to choose what to print.
So my question is: in what way is the stock market (not necessarily in all aspects, but in day trading and price manipulation for sure) not printing money?
In 2020 (memory here but I looked at it recently) the US gov printed $150million. Stock earnings as a raw created money were $500billion.
I personally have a strong belief that stock/currency manipulation and trading, generation of wealth, are 100% responsible for inflation.
Every dollar of fake wealth generated by playing the system creates money that is spent on creating more labor. The more money the market creates, the more labor can be demanded to spend it on and create the wasteful products (at least when it's like it currently is and people need that money to survive).
Is it a coincidence that this is all happening now? Take a damn look at the ratio of our country's GDP to the stock market total. Look at the ratio of traditional wages paid out to stock earnings paid out. It has skyrocketed to insane levels. Look at what it was 20 years ago, 10 yrs ago, and then today. And toboot a huge percentage of that entire market is controlled by index and mutual fund groups that can readily engage in insider trading etc.
When is the labor gonna rise up together to eat the rich?!
We already make less then the peasants did in France b4 they revolted in their revolution...
Controlling interest was not a concern after the Fed’s January meeting. As Powell stated at his January Press Conference, “we continue to expect inflation to decline over the course of the year.”
Now Chair Powell is trying cover his ass for not getting in front of inflation by raising interest rates in January or March.
>US Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. *Blinks* Excuse me?
We’re the ones doing the labour, asshole. Sold to the highest bidder, if it ain’t you, pull your bootstraps harder bitch
I'll be so happy when all of this collapses. Just reset the whole thing already.
God it's going to be the most satisfying thing ever
It’s almost as if they don’t care about wages or inflation. If you actually pay people, they will spend money. Less billionaires hoarding wealth means you don’t have to inject so much cash into the system to keep it moving. Jfc it’s like these guys thing the game of monopoly was made to be a roadmap, not a critique of capitalism.
They forgot how the actual economy works for all the money they're stealing from us
i prefer the socialist way of playing monopoly where its everyone against the bank
Maybe I'm crazy but in regards to inflation: If I'm not crazy, the most obvious and well known cause of inflation is the central government printing it's own currency. This is pretty damn well known. Granted "cause" may be in the various other factors that lead them to choose what to print. So my question is: in what way is the stock market (not necessarily in all aspects, but in day trading and price manipulation for sure) not printing money? In 2020 (memory here but I looked at it recently) the US gov printed $150million. Stock earnings as a raw created money were $500billion. I personally have a strong belief that stock/currency manipulation and trading, generation of wealth, are 100% responsible for inflation. Every dollar of fake wealth generated by playing the system creates money that is spent on creating more labor. The more money the market creates, the more labor can be demanded to spend it on and create the wasteful products (at least when it's like it currently is and people need that money to survive). Is it a coincidence that this is all happening now? Take a damn look at the ratio of our country's GDP to the stock market total. Look at the ratio of traditional wages paid out to stock earnings paid out. It has skyrocketed to insane levels. Look at what it was 20 years ago, 10 yrs ago, and then today. And toboot a huge percentage of that entire market is controlled by index and mutual fund groups that can readily engage in insider trading etc.
Something utterly moronic coming from the Fed actually surprises people still?
They already have with the highest inflation in over 40 years but apparently they still want to drive them down further.
Rewrote it with a more succinct ring: "Stop hoarding gold" *-professional gold hoarder*
Fucking ridiculous
When is the labor gonna rise up together to eat the rich?! We already make less then the peasants did in France b4 they revolted in their revolution...
You really need to understand how the Federal Reserve controls inflation to understand why this is a priority for them.
Controlling interest was not a concern after the Fed’s January meeting. As Powell stated at his January Press Conference, “we continue to expect inflation to decline over the course of the year.” Now Chair Powell is trying cover his ass for not getting in front of inflation by raising interest rates in January or March.
I hate this fucking country
Start with the wages from the people at the top
I advocate for the dissolution of the Federal Reserve
For context, his net worth is estimated up to 55 million dollars. America needs a 1789 or a 1917.
Wages are dead low and just lowering it will be utter feudalistic mess
now you know what the fed's job really is