@kirtland gets roasted Hobbit toes again!
All that BS about climate change and then adverts promoting luxury air travel. What is that dingbat Brit with glasses who promotes air travel all about too? His voice is appalling. Here he is. Muppet.
Give me RT anyday of the week. BBC and CNN are fake news. Panorama trying to set up a 'sex thing' and crap like the BBC hounding Johnson Me Too style with no interest in policies. Total smearing nonsense.
Interest rates are a function of supply and demand. Let's say the top one percent own a vast chunk of all the money and are looking to invest it in stocks/bonds/financial assets but there's no demand in the real economy because the ninety nine percent don't have any money. Huge supply of money and no demand for it from firms to make investments because no demand for their products and services because the ninety nine percent are skint. That means money is cheap/low interest rates. This scenario is where we are right now.
How to fix this? To "normalise" rates? Simply redistribute national income. Direct more of the national income to the ninety nine percent and less to the one percent. Increased demand from the ninety nine means increased demand for capital which reduces the supply of cash available from the one percent. Reduce their supply even more by taxing the fuckers and investing that money into the real economy. All of a sudden demand for cash starts to equal supply. And as a bonus you have an actual booming economy and broadly shared prosperity. Central banks have to raise rates to deal with inflation caused by a booming economy. Problem solved.
Of course since the one percent have a hammerlock on policy and have no intention of reducing their income/wealth the current fucked up situation will continue for the forseeable.
Last edited by Kirkland Laing; 10-16-2019 at 06:48 PM.
If there was anything going on it would be the biggest story ever. Ever Lyle. Yet not one single media outlet is reporting anything. Not even Fox News Lyle. Even the regime broadcaster won't touch it. Not even Hannity. Why is this Lyle? Because it doesn't exist you daft bugger.
What you are looking at is the most lawless president in history turning America into a banana republic and nobody in the government doing much in the way of stopping him. It's unmissable car crash stuff, truly historic. I can't not comment on it. I always thought once the current power structure started losing their grip they'd abandon democracy but to see it unfold in real time day after day is a sight to see.
And the questions you keep refusing to answer:
1. Can we both agree that Trump is incorrect when he claims he's immune from even being investigated and that anybody he's associated with is also covered by that immunity?
[NB. If you don't believe that he's claiming this check back a page or so, it's fallen off your little shelf again.]
2. Trump is claiming he has the right to investigate anybody he wants if he believes they're corrupt. Do you agree with this?
Lots of cash piled up in banks, whoever owns it, and no demand for cash from businesses means banks are desperate to lend it and will lend at superlow rates. An increased demand for loans means interest rates go up as there is competition for the amount of money banks have to lend so banks can charge higher rates for their cash. If you want to create increased demand you have to redistribute national income into the pockets of people who will spend it. Them spending it is that increased demand. Firms need to borrow to be able to invest to cater for that demand and you get a virtuous economic cycle. We don't get good economic expansions anymore because the economy is so badly deformed due to forty years of upward redistribution. We need a massive downward redistribution of wealth to fix the economy. Don't hold your breath.
That's the whole fucked up economic situation in a nutshell. And if you care to check I've been making these exact points for ten years now. They get truer every day.
I've answered your questions as much as they've deserved to be answered and you can keep asking, but I'll just refer you back to what I've previously posted. I'm sorry you find those answers unacceptable, but those are the answers so, best of luck
"Drown in a vat of whiskey.....death where is thy sting?" - W.C. Fields.
And I see another known associate of Giuliani was arrested today at JFK. It's not known whether this guy was also one of Trump's legal representatives in Ukraine along with those two Russian mobsters who were arrested at Dulles trying to flee the country a few days ago. This I think means there are now six current or former Trump lawyers/legal representatives either in prison or under indictment/criminal investigation. How long before people start looking at their common denominator?
So basically you have a society of debtors and any increase in interest rates means people who bought what they cannot afford go under. Meanwhile you bring in hundreds of thousands of migrants every year thus squeezing more. It is an absurd and phomy system.
I think you kind of prove my point on inflation too. The stock market has risen massively as have property prices, the inflation has been in things ordinary people cannot compete with. A mortgage today is how many times more than income? Where is the stock market? That's massive inflation. The ordinary person cannot compete and generally companies do not provide pensions anymore and people are mostly spending for today. A lack of common sense there too, but the printed money goes to the elite first of all and at rates nobody else can have. The inflation for ordinary things did not occur because wages etc have been kept down and the money was kept away from ordinary society.
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