Quote:
Originally Posted by TheSquealer
Uh... there's no such thing as "money hoarding". Where do you think all that money is? Under a pillow? it's in the banking system. It's in the global financial system. It's the home loans, the car loans, the construction loans, the business loans, it's funding the growth and development of the areas it touches. It's in the financial system... not buried in a forest.
Quite bizarre that you "agree 100%" with a guy dispensing economic opinions,... who's "wealth" is best measured in grains of rice, goats and chickens.
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peasant, I come from a banking family...you are of course a simpleton who thinks I am talking about cash...this is very amusing...I am talking about the undemocratic allocation of money...money is printed out of thin air and granted speculatively to the safest option (millionaires)...this money is used mostly for real estate investments that leads to negative gearing...the bill for the "inflation tax" that must ensue, like after any money print, the value of the currency goes down and the bill gets picked up by others...the rich just get richer the poor pick up the inflation tab...
in a system where funds are democratically allocated banks would be prohibited from printing money out of thin air for real estate speculators...the money belongs to EVERYBODY not just the elite and EVERYBODY has the right to decide how THEIR money will be spent...
the current financial system is a "Bro club"...enjoy the next financial crisis and remember that my balls will be resting on your forehead at that moment
btw I am not talking about cash just so your simple brain understands...I am talking about total net value in all possible ways...