wrote in message ...
On Wed, 10 Oct 2012 17:44:51 -0700, "Califbill"
wrote:
as the
government has taken all available credit money from the economy
Right idea, wrong bad guy.
Facts say that the money is held by the richest people, who are
sitting on the money and keeping it out of circulation.
The government has foolishly printed more money in an attempt to put
more money in the hands of those that will allow it to trickle up.
That won't work.
Until a sizable portion of that 85% of cash held by the richest is
returned to the middle class, the economy CAN NOT get any better.
It is just a mathematical fact.
http://wealthfacts.org/?page_id=44
----------------------------
I said the credit money. Want to start a business. Yup? Well see if you
can get a loan. Those trillion dollar deficits are financed with the
available credit money. Very little to go to the lower echelon. History is
sort of repeating in this country. 1912, 15% had 65% of the money. 65% of
the people lived in poverty. The Great Depression was caused by big
government and lack of controls. WW2 was both caused a lot by the
depression, but it was what got the USA out of the depression. WW2 also
made us the economic powerhouse for a lot of years, as most of the rest of
the industrial world was in devastation. But with the elites in power,
helping themselves to stay in power, and controlling government, just like
now, the allowed companies to merge and build use powerful conglomerates,
instead of spending their money on modernizing factories, they spent it
buying competitors. Steel left the US as we both ran lower on iron ore, and
had old inefficient Bessemer Process foundries. While those devastated
countries rebuilt with US help with modern, more efficient factories. And
while we controlled 85% of the manufacturing, the management kept overpaying
the help, as their was not competition. Now we are paying the price. 60
million functional illiterates' in this country. How are we going to
compete? With a dumb, lazy workforce and old factories, and a huge bloated
Federal and state government, with the inefficiencies of large
bureaucracies. We are screwed in this country. As we have an electorate
who is voting for whomever promises the most gimmies. As to cash. There is
a finite amount, and the richest probably do not have that much. They have
assets. Gold, land, factories, banks.