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[+]canbot0 points8 points8 points
ago
(edited ago)
[–]canbot0 points
8 points
8 points
(+8|-0)
ago
(edited ago)
It's worse then that. By doing this they drive down the value of money and as a result drive up the cost of goods. So by burrowing at 0 and buying up everything of value they make a better return then by loaning out the money.
So for the 99% your paycheck becomes worth less and for the 1% they get to vaccum up all the wealth, and get paid to do it.
And then there's the repercussions from all of that.
We have a populace where the majority are in debt and barely capable of paying for food and shelter.
Who's buying all the shit in stores? Yeah, the 1% have money, but they can only buy so many pairs of pants. There's tons of articles on the massive food waste from grocery stores not selling food in time (because people are too poor to PAY FOR all of this produce and meat that's covering all of the shelves), but there's also all the physical goods that don't break down.
All of the mass-produce' plastic and clothing doesn't just magically vanish when it doesn't sell.
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[–] canbot 0 points 8 points 8 points (+8|-0) ago (edited ago)
It's worse then that. By doing this they drive down the value of money and as a result drive up the cost of goods. So by burrowing at 0 and buying up everything of value they make a better return then by loaning out the money.
So for the 99% your paycheck becomes worth less and for the 1% they get to vaccum up all the wealth, and get paid to do it.
[–] 3086717? 0 points 1 point 1 point (+1|-0) ago
And then there's the repercussions from all of that.
We have a populace where the majority are in debt and barely capable of paying for food and shelter.
Who's buying all the shit in stores? Yeah, the 1% have money, but they can only buy so many pairs of pants. There's tons of articles on the massive food waste from grocery stores not selling food in time (because people are too poor to PAY FOR all of this produce and meat that's covering all of the shelves), but there's also all the physical goods that don't break down.
All of the mass-produce' plastic and clothing doesn't just magically vanish when it doesn't sell.