Here's your MIDDLE CLASS economics lesson for the day:
— Jon Rappoport (@jonrappoport) March 18, 2024
For the moment, forget about charts and graphs and interest rates and big bank manipulations and the Federal Reserve and stocks and bonds and pump and dump and quantitative easing and instead—
Consider the huge number of… https://t.co/N6ZzAboQXJ
The economy is now no longer based on industrial production or any kind of production; it's based upon speculation. So if you look at what's happening on Wall Street, they're no longer going factory by factory and saying "What's the production? What's the efficiency? What's the lowest cost? What's the future?" They're all focusing on "What's the Fed going to do this week?" And that's what everybody bets on, and it's financialized our economy. It sent all of [our] industry abroad. It's destroyed the American middle class and we do that by printing dollars. You print $34 trillion that you don't have, why would the world even value them anymore? And the reason that they continue to value them is because we have 800 bases abroad and that kind of anchors this whole system. And it's already destroyed our moral authority around the world. And it now . . . our influence around the world is this big compared to when I was a kid when we had moral suasion and we also had . . . people wanted American leadership. Now, they consider it bullying.
