/biz/ - Business & Finance

>>51412269
That makes absolutely no sense to me. The middle class benefits the wealthy class hugely. With money that is inflationary the middle class are stuck in a consume product loop. They don’t make enough to beat out inflation with savings, but they make more than enough to live comfortably and buy plenty of things. If they are not saving they are spending! We pump their bags every single day and the laugh and enjoy the windfalls. They sell us crap products that they know won’t last a minute after the warranty, electric cars that you can’t have repaired by anyone else and housing at rates that should be daylight robbery. (Housing is a particularly egregious example. Look at 2008. They start a buying spree by offering mortgages to people they know will default. When they do default the bank can foreclose on millions of people and the properties can either become rentals or be bought cheaply by those at the top. And the risk was minimal anyway because if people didn’t default on their mortgages it would just drive up prices anyway)
We are their golden goose. Why would they want to destroy us? We literally prop up this system.
My theory isn’t that they’re malicious it’s that they’re too fucking retarded to make good choices. They genuinely think they are making good choices.

Now if you want a really interesting (also somewhat far fetched) theory on this I recommend that you check out the “Road to ROOTA” (a kids book published by the Boston fed). The schizo theory is that the fed have realised how harmful this inflation based system is and they’re fighting the bankers to topple it and bring back deflationary currency. But because the middle class props up this house of cards the Fed needs to push us over first, and let us suffer as we must so that our grandkids can have the economy that they deserve. I want to believe it but it’s just a hard sell