aedens wrote:Exactly how rentier repressionary markets work. As we observed here: It will sum up to calculating the “financial repression tax,” more specifically, the annual “liquidation rate”
Also it goes like this: The Federal Reserve regulates banks. Now again this week we see a barrage of Federal Reserve thieves out in force telling us how important it is that interest rates be at zero. But that's the zero that the banksters pay to you. What's not said is how important it is that credit card interest rates be some large number other than zero. Or if you don't use credit cards, that the money in your pocket, i.e. "Federal Reserve Notes" be losing value to inflation because the banksters get TRILLIONS in free money from the Federal Reserve, which depreciates your currency and raises prices, but not wages.
So today I heard this story. There were some Little League games last night and the umps didn't show up. Everyone is standing around and nobody knows why the umps didn't show up. Most of the umps are near retirement age. Finally word comes that the umps want more money. They are getting $45 per game and they want $55. And when this story was told to me I said does anybody get why this is happening? The Federal Rserve is giving TRILLIONS to banksters to boost prices which pits the little people against each other for a mere TEN dollars.