I’ve never seen the television show Scandal, but apparently its creator, Shonda Rhimes, is hosting a $32,000 a plate fundraiser for Obama in Los Angeles. What purpose this fundraiser serves, one cannot be sure. Perhaps his administration feels his oligarch consolidation program has yet to achieve its fullest realization, thus necessitating the extra funds. It’s hard to say.
So in reaction, an LA artist has decided to take matters into his or her own hands, by welcoming Barry to town in a special way. The result is very powerful. We learn from Truth Revolt that:
Read more here.
Just as the Federal Reserve cannot directly force you to stick the needle of monetary heroin (debt) into your arm, it also can’t force employers to pay employees more.
The official policy of the Central Bank (Federal Reserve)/government is: inflation is necessary for “growth,” i.e. economic expansion. The unstated reason for this official support of inflation is that it’s easier for borrowers to service their debts as their income inflates.
To take an extreme example: let’s say a homeowner has a mortgage of $100,000, an annual wage of $40,000 and annual mortgage payments of $10,000. At 100% annual inflation in both prices and wages, the home mortgage remains fixed at $100,000, the payment remains fixed at $10,000 but his earnings double to $80,000.
Where the mortgage payment initially took 25% of his earnings, now it only takes 12.5%. Yippee Skippy, the homeowner has an “extra” 12.5% of his earnings to support more consumption and debt: thanks to inflation, the homeowner can now buy a car on credit and use the “extra” 12.5% of earnings to pay the auto loan.
Central banks around the world seek inflation for another reason:
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“He was playing a white piano in a pub and there was blood all over the keys, pouring down the piano. You’ve never seen anything like it. Like something out of a horror film. When he did an octave span, the skin would just crack open and start bleeding.”- Read my latest daily blog in full here
• SO IT GOES – John Fleming’s Blog
Krugman says that the recent concern about “debts and deficits” was a “false alarm.” He attempts to paint those who were concerned about the debt crisis as scare mongers. He sarcastically says that “the debt apocalypse has been called off.” When it comes to the apocalypse, Krugman likes to have his apocalyptic cake and eat it too.
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Was it the Wizard of Oz where the road forked in the yellow wood or was it Robert Frost where the streets were paved with yellow bricks? Seems to me that one of those stories was about “distributed” wealth and one was about “decentralized” wealth but there’s one thing for sure, they were both about yellow money no matter which path you choose.
In the latest episode of the crowdfunded financial news series – GetREAL – Jan Skoyles covers the topic of WHISKY. She interviews Neil Ridley and Joel Harrison from Caskstrength. You can find them on Twitter: @weheartwhisky
Hope you enjoy it! Comments below.