Thursday Evening Money Quotes

Posted on Thursday, August 25, 2016 by Post Scripts

Posted by Tina

Even though Keynesians and other opponents of free market economics say there is no such thing as a “trickle-down effect”, the very assumption of QE is that it will trickle down to revamp the economy by boosting spending.

Here’s the rub:

There are those who are wealthy and well-connected to the banking system who benefit from inflation, because they are the first to receive the newly-created money. The lower you go down the socio-economic pyramid, the more adverse the effects, as money begins circulating and loses value. The fiat money system in a way protects a certain strata of society: the financial sector (and those connected to it) and central banks. Everyone else, is impoverished by the system, and what is worse, becomes dependent on it.

Also, you will find that those familiar with the system may know what to do to hedge against the risks of any deterioration in the economy and its currency. But others, like middle class professionals and the working class, they just don’t have access to the intricate higher levels of the financial markets. They are more likely to go to the bank to deposit their savings. But even then – the system hits them once again with negative interest rates.

To gain better understanding about where we are and why read: Risks Of Loose Money – Exposing The Link Between Monetary Policy And Social Inequality

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7 Responses to Thursday Evening Money Quotes

  2. J. Soden says:
    Friday, August 26, 2016 at 10:50 am

    Off Topic
    Just received my “Black Olives Matter” T-shirt from Paisanos in Albuquerque. Pretty cool!
    Gonna be interesting to hear the comments . . . .
    Order your t-shirt or hat at http://shop.paisanosabq.com/

    Reply
    • Tina says:
      Friday, August 26, 2016 at 9:54 pm

      I understand they’re selling like hotcakes:

      Paisano’s owner Rick Camuglia, who came under fire last month for erecting a Black Lives Matter-riffing sign to shill his olive tapenade, recently began selling the merch after customers requested souvenirs from the Italian eatery.

      “We’re sending T-shirts to Alaska, from sea to shining sea and from coast to coast and from border to border,” Camuglia, 53, of Albuquerque, told the Daily News on Tuesday. “It’s mind-blowing, to say the least.”

      Reply
  3. Pie Guevara says:
    Friday, August 26, 2016 at 5:26 pm

    Democrats are all about trickle down poverty.

    Reply
  4. Pie Guevara says:
    Friday, August 26, 2016 at 10:30 pm

    This is absolutely fascinating — EXCLUSIVE: Bill Clinton bombed Saddam to distract from the Monica Lewinsky scandal – what Huma Abedin’s Muslim journal claimed about her boss’s husband.

    Oh wait, it is a TABLOID!!! That printing aper size cannot be trusted!!!

    http://www.dailymail.co.uk/news/article-3758922/Bill-Clinton-bombed-Iraq-distract-Monica-scandal-Huma-Abedin-s-Muslim-journal-claimed-boss-s-husband.html#ixzz4IVWdTEzd

    Reply
  5. Tina says:
    Saturday, August 27, 2016 at 8:07 pm

    CNN posted a transcript, December 1998, President Clinton explains Iraq strike

    It’s good to go back in time to revisit events of the era. A few excerpts of note:

    Earlier today, I ordered America’s armed forces to strike military and security targets in Iraq. They are joined by British forces. Their mission is to attack Iraq’s nuclear, chemical and biological weapons programs and its military capacity to threaten its neighbors.

    Their purpose is to protect the national interest of the United States, and indeed the interests of people throughout the Middle East and around the world. … Iraq has abused its final chance.

    As the UNSCOM reports concludes, and again I quote, “Iraq’s conduct ensured that no progress was able to be made in the fields of disarmament.

    “In light of this experience, and in the absence of full cooperation by Iraq, it must regrettably be recorded again that the commission is not able to conduct the work mandated to it by the Security Council with respect to Iraq’s prohibited weapons program.”

    In short, the inspectors are saying that even if they could stay in Iraq, their work would be a sham.

    Saddam’s deception has defeated their effectiveness. Instead of the inspectors disarming Saddam, Saddam has disarmed the inspectors.

    This situation presents a clear and present danger to the stability of the Persian Gulf and the safety of people everywhere. … I have ordered a strong, sustained series of air strikes against Iraq.

    They are designed to degrade Saddam’s capacity to develop and deliver weapons of mass destruction, and to degrade his ability to threaten his neighbors.

    At the same time, we are delivering a powerful message to Saddam. If you act recklessly, you will pay a heavy price. We acted today because, in the judgment of my military advisers, a swift response would provide the most surprise and the least opportunity for Saddam to prepare.

    The best way to end that threat once and for all is with a new Iraqi government — a government ready to live in peace with its neighbors, a government that respects the rights of its people. Bringing change in Baghdad will take time and effort. We will strengthen our engagement with the full range of Iraqi opposition forces and work with them effectively and prudently.

    The decision to use force is never cost-free. Whenever American forces are placed in harm’s way, we risk the loss of life. And while our strikes are focused on Iraq’s military capabilities, there will be unintended Iraqi casualties.

    Indeed, in the past, Saddam has intentionally placed Iraqi civilians in harm’s way in a cynical bid to sway international opinion.

    We must be prepared for these realities. At the same time, Saddam should have absolutely no doubt if he lashes out at his neighbors, we will respond forcefully.

    Heavy as they are, the costs of action must be weighed against the price of inaction. If Saddam defies the world and we fail to respond, we will face a far greater threat in the future. Saddam will strike again at his neighbors. He will make war on his own people.

    And mark my words, he will develop weapons of mass destruction. He will deploy them, and he will use them. … Let me close by addressing one other issue. Saddam Hussein and the other enemies of peace may have thought that the serious debate currently before the House of Representatives would distract Americans or weaken our resolve to face him down.

    But once more, the United States has proven that although we are never eager to use force, when we must act in America’s vital interests, we will do so.

    In the century we’re leaving, America has often made the difference between chaos and community, fear and hope. Now, in the new century, we’ll have a remarkable opportunity to shape a future more peaceful than the past, but only if we stand strong against the enemies of peace.

    Tonight, the United States is doing just that. May God bless and protect the brave men and women who are carrying out this vital mission and their families. And may God bless America.

    I don’t know guys, he sounds exactly like a war mongering racist to me, at least if we go by the lefts playbook…an evil guy with connections to Halliburton who was really just interested in the oil!

    What else was going on in December of 1998?

    House impeaches Clinton:

    WASHINGTON (AllPolitics, December 19) — A deeply divided House of Representatives impeached President Bill Clinton Saturday on charges of lying under oath to a federal grand jury and obstructing justice in the Monica Lewinsky affair. The two allegations of “high crimes and misdemeanors” next go to the Senate for trial.

    I think it’s reasonable that at the very least the decision to bomb Iraq may have been hurried along to afford the President some distracting headlines. I remember him being a very reluctant Commander-in-Chief…he “could have killed” Bin Laden, you know.

    Reply

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