reply to post by wayouttheredude
Bear with me, I don't know if I will be able to get my point across, but I will try.
We had a system that worked for most of the people for a while. When I was young, we all knew we had to get an education, and some of us that were on
the lower rungs also had to work while going to elementary school. There was no money unless you had someone earning it.
To earn money you had to provide a service. There were jobs, but you had to be able to DO THEM. You had to have skills. You had to learn them
skills, and you could. In fact, you had to to survive or go to college.
College was for those that had parents that were more successful for whatever reason. We understood that college was either out of reach, or there
was going to have to be major sacrifices made by the poor that wanted to attend and probably his/her family.
Then, things changed...gradually, but like a ship sinking, seemingly unstoppable.
Money, in the form of loans started to become more available. First, with some restrictions, and later, with fewer or almost no restrictions. An
entire economy was built upon this easy money. This money funded new businesses, many in the construction industry. Homes became much easier to buy
because the approval process became a slam dunk for buyers, the bubble was on. This easy money made it just a bit too easy to advance in society. It
appeared that the U.S. economy was awash in wealth and productivity. The illegal immigrant labor migration was in full swing, and everybody was
happy.
In fact, you didn't have to work, really. Just invest in stocks, pay Jose in cash, turn some real estate. Your good.
NOW, anyone can get a college education, and the funding, and a degree. Whoopee!
It was all based upon easy money, and people BORROWING it, where before the economy was based upon productivity. The worker had to have skills, and
the college educated were typically the types of people that were inclined to BE educated in a way that would contribute to a productive economy.
Then, the money is withdrawn from the system in profit taking, after all the whole purpose was to benefit the lenders. It has to, ultimately.
It is now "fiat" money. It has no value. NOW. Peculiar, it seemed to be the answer to poverty and injustice before....
It has NO value now, maybe because people are not supposed to get easy money. Easy come, easy go. Easy borrowing, easy profits for the bankers in a
bubble economy.
The end result? They have their profits. They are able to buy REAL ESTATE at deflated prices. And the REAL kicker! They have been able to buy GOLD
all of this time at cheap prices because the fiat money had the illusion of wealth, and they convinced people that you can't EAT gold.
And NOW, guess what. They have the bulk of the gold, of course, and talk is that we should get back to money based upon what?
And the world turns....