Super-rich 'hiding' at least $21tn

When the global economy collapses, an account number with Goldman Sachs will be worthless, no matter if the account had 1 dollar or 1 trillion dollars. The people screwing the economy will get screwed in the end.

 

The US governent will sacrifice her tax-paying citizens to save Goldman again. Remember 2008? Why do you think anything has changed?

 

Very soon the filthy rich are going to learn that we don't need them, they need us. Without us they got nobody to do there work for them. We buy their crap. We make them rich. Without us, they got nothing. Zuckerberg has lost $7 billion this year because we quit buying his B.S.. Remember the french revolution. The rich got the guillotine.

 

What do you anticipate will happen to bring that about?

They must have had a freer press back then. Oddly, most people that I interact with today on a personal level don't even recognize who the enemy is. They support supply-side economic ideas that benefit the rich at their expense.

 

It's all bullshit anyway. Commodities don't jump up out of the ground with price tags on them. The monetary system is obviously an all human construct. This relates to that,that relates to this and that causes-----it's horseshit obfuscation. Nothing much relates to anything except the most recent manifestation of the worst in human nature-- that is-- the immorality of the few justifying and carrying on the outrageous accumulation of resources to the disadvantage of the many. GREED. Watch a nightly business report and see how they know how to blab the same old crap --the crap "they" need us to believe in order to freeze our thinking processes up, to make us accept that everything is "under control". Many or most of us (that have been around a while)have benefitted from the way the system was operated in the 40s-50s-60s and 70s--we were born into it and it seemed to work for most. But now it's time for a change. What they made us believe --is falling apart.

I don't know how or if it's possible,but the the way humanity lives and dies must change if life is to mean more than it does now for so many. It's going to be difficult to convince those who have most of the money,the ones that make the laws to fit their ends/motives and control most of the weapons that the jig is up. Or is it just too late?

What's next????????

 

Everyone could just stop buying anything at all until those evil rich die off.

 

The fact is that the super-rich don't create jobs, or we would have more jobs than ever right now.

They might create a few, but not as many as if that money was evenly divided.

They pay a guy to cut their lawns, and they have a high-paid accountant.

Money in the bank is money that's not being spent, and that's killing the country, if not the civilized world.

What creates jobs is when the same amount of money is divided among those who have less, and so will spend their smaller share in it's entirty, because our economy in driven by demand and the ability to pay for your demands. If you're really rich and have nice stuff, that's cool, but you're still not creating jobs if you have a billion in the bank and 6 cars and a boat and three houses, you're creating far fewer jobs than if a billion dollars was divided over a million people. That would be thousands of corner burrito-stands doing better business, or whatever, that's money going to people who need it, not sitting being imaginary and "working for" rich people through smoke and mirrors, as they claim that they're creating jobs. Buying apple stock is not creating jobs.

 

Republicans are such morons. You can always tell it's a con, because they are trying to defend the greed of the rich. They are too stupid to see the destruction that was done to the whole world by the criminal acts of the greedy since the 2007 economic collapse. Country after country is falling like dominoes. Greece, Ireland, Portugal, Spain, Italy and the European Union have lost trillions of dollars because of the "global economy" created by the U.S.. And America has lost trillion$ from the corrupt corporate U.S. banks that perpetrated the collapse. And we will continue to lose trillions more, because the collapse has created so much unemployment that there isn't money for consumers to buy. They created a consumer economy, then eliminated the consumers ability to buy their crap that they now make in China, because Chinese labor is only fifty cents an hour. China is about the only country in the world that has a growing economy. But even their economy is slowing down, because now the world economy has collapsed. So all the greedy pukes that sent all the factories to China, are now stuck with a bunch of crap that they can't sell. So the filthy rich have actually cut off their own nose to spite their face. Now they are becoming poorer. Stashing trillions of dollars in offshore accounts only makes money worth less. What good is money if it isn't worth the paper it's written on? Just look at Greece, their money is worthless now. Same with a lot of those other European Countries, and that makes the Euro worth less. The U.S. dollar continues to lose value, that's why so many are buying gold, which makes the price go up. But what good is gold in a collapsed global economy? You can't eat gold. The whole ideology of the rich, is a failure. Anyone that thinks Romney and the rich puke republicans are going to revive the economy is a complete idiot. In fact, it doesn't matter which one wins in November, because by December 21st the whole world monetary system will have collapsed, that's how bad it is. The economic Titanic has already sunk, and there are no life boats. Just like the Mayans said.

 

Need we any more proof that our education system has failed and that any increased spending on it would be a waste of money?

 

Uneducated sheep are easier to herd, huh con.

 

Oh,I'm sure the 21 trillion is for creating many,many jobs. Uh-huh. Many. They are just keeping it off shore temporarily. They love us.

 

When money is deposited into banks, what do the banks do with it? How do they earn from it an amount which allows them to pay interest to the depositors, pay their employees wages, pay their utilities, etc.?

Try putting some money under your bed and check it periodically to see how much it has grown.

 

So I read that the banks are sitting on billions and billions and are not making loans as they used to. What kind of interest do they pay on accounts as opposed to what they charge for loans,if they DO loan any money? And by the by--wasn't that our taxpayer money given to them that they're holding? Fuckin' CDs pay less than a point nowadays.

My dad was a banker his whole working career and I can tell you,banking is nowhere near the same as it used to be. In his case,a guy would sit down to talk to him--tell him his story about why he needed a certain amount of money and if my dad believed him,it was as simple as "go tell ________ to make a check out". You got your loan.

 

I say; no more government subsides for Banks and Big businesses. Chase bank, bank of America nor, the auto industry is "too big to fail." If they use their money unwisely, they should go bankrupt like every other business.

God, save the Queen.

 

if the super rich somehow went away,,

then, through the way economy is and such, we'll just create super rich again. didnt anyone watch the walmart south park episode?

 

ya i know right slappy south park is educational as fuck (not sarcasm) but ya the richest guy in time mag is like 10 bil from mexico. If i was like super rich the first thing id do would be walk around the street all day handing out 100 dollar bills. That would feel like ur making such a difference thad be dope.
Hmh i hate being poor and i hate working. At least it makes money more precious, important, and fun when ur poor.
￾

 

Obviously you don't have money in the bank. Banks are only paying one onehundreth of one percent on savings accounts these days. And the banks are actually charging people money to have their money in a bank. But they make loans that charge 3-5%. Credit cards charge up to 20%. But the money the banks borrow to make these loans, is less than one percent. It's called the LIBOR rate. And when the government bailed out the banks a few years ago, they were given a trillion dollars practically interest free, about the same interest as what they give for savings accounts. So you save more by keeping it in your mattress.