I wonder if said money expert had the balls to explain why nobody saves money in the US. He touched on it just a little. He mentioned we are implored to spend. Not implored. Incentivized.
Every time a politician gets on TV and says we have to “stimulate the economy”, what he means is he has to incentivize you to blow your paycheck the minute you get it. This is done by increasing the rate at which your money loses purchasing power. Then, when it’s time for reelection, he will inevitably mention the fact that Americans can’t afford a $1000 emergency expense. Wages need to go up! It’s not the wage rate that makes us poor. It’s the debasement rate of the currency. The debasement rate is a mechanism of wealth redistribution. Wealth is transferred using the cantillion effect from the poor to the rich.
I wonder if said money expert had the balls to explain why nobody saves money in the US. He touched on it just a little. He mentioned we are implored to spend. Not implored. Incentivized.
Every time a politician gets on TV and says we have to “stimulate the economy”, what he means is he has to incentivize you to blow your paycheck the minute you get it. This is done by increasing the rate at which your money loses purchasing power. Then, when it’s time for reelection, he will inevitably mention the fact that Americans can’t afford a $1000 emergency expense. Wages need to go up! It’s not the wage rate that makes us poor. It’s the debasement rate of the currency. The debasement rate is a mechanism of wealth redistribution. Wealth is transferred using the cantillion effect from the poor to the rich.
Money printer goes brrr