When prices rise such as food, housing, or rise in bus fares and high unemployment, they blame the gov't and riot. The US is a welfare state. like many countries, the gov't as entity in the economic system is parasite in the economic system, the Federal reserve and bankers don't produce anything but using the financial system to steal assets or wealth from the people or state or country. via creating money and debt. inflation is bad when it means higher prices but people are paid the same and not making more money. wages and income are lower. thus riots. and wars. like what is happening in many countries since the central bank in US policy of inflation and quantitive easing or creating more money than naturally exist. to 'stabilize' the fake ponzi scheme called the 'stock market' if you can call it a 'real market' the stock market is 'fake market' or ponzi scheme market to transfer money from the public to create false sense of 'wealth' in paper. but no actual wealth is created.. with rising prices. real GDP is in decline in many countries. all the capital has been transferred to the 1% or into the global ponzi stock markets. China and US are creating so much fake money from their central banks it's causing inflation especially in assets that have value like real estate and blue chip stocks in the nasdaq 100 and S$p 500,, there is no 8000 stocks to investment 90% of the equities are scams and worthless and mostly listed for money laundering etc. and tax purposes for their hedge funds who launder money for companeis and individualds using the stock markets. When the gov't says 'stabilize' the market,,it's a hint to rig it. and not let it crash. or correct itself. market corrections is now illegal. says the gov't that is not a 'free market' the stock market is mainly for price discovery is the free market...now in China, there is no 'free market' the gov't dictates and controlls the market. and it's the same in the US now and many markets. the oil market is manipulated too. all markets are manipulated to some extent for benefit of powers to be or stake holders. in the 'market' the stock market is BS okay!
Glad you got that off your chest. Now move to Somalia where there's none of that government nonsense and you can live in freedom!
Okay, well, you got one tiny part right. The rest is inconsistent, internally-contradictory, phantasmagorical gobbledegook that would earn you a Chief Foil Hat badge at any Institution Of Crazy.
trader5.0, you've got serious misunderstandings about capitalism, what is a welfare state, what is the point of government, what stock markets do, what banks are for. And economics. And the world in general. Please please tell us you're only 12 years old and you've never read a book. I can't think of any other excuse.
Actually he sounds more like a 14 year old of above average intelligence who just read Atlas Shrugged. If the internet had been around I'm pretty sure I would have penned something similar at that age after reading that book, much as I hate to admit it.
Idk, when I look around I see a lot of wealth. It's out there, now you just have to figure out how to get it.
what exactly he got wrong? His idea is the governments around the world print money to prop the market and because of those excesses a lot of zombie companies exist which wouldn't exist if real price discovery and non manipulated interest rates would be allowed There are tens of rants like that on this board everyday. And all of them are true If you argue with that this tinfoil hat is for you