We briefly talked about the velocity of money and how a slow velocity is synonymous with poor circulation of money because it’s stored in large homes and yachts and such. Well, in this case, velocity is near zero because you’re not spending your money at the store but giving it to a bank, a collector, etc. That’s why so many malls are closing. Even a movie ticket seems like a real expense these days. Disposable income after more necessary expenses is near zero. Honestly, it’s almost always below zero because we use our credit cards for necessary purchases, as well. I mean, if they’re necessary, we just have to, no?
Somehow, among all of this, our personal expenses, aside from loan payments, are actually going up. It defies economics, but at this point, the price-quantity relationship isn’t as strong as companies’s incentives to just raise the price however much they want. Someone is going to pay. They don’t care. Moreover, fewer units at a gigantic price is cheaper for them to produce anyway. So it’s the gift that keeps on giving.
So with these higher prices on necessary expenses, debt you can’t even quantify let alone imagine paying off someday, ever-increasing underemployment and minimum wage jobs, predatory employment practices, and being one broken ankle away from insolvency, it’s obvious that we’re being bankrupted. I honestly think it’s intentional. I don’t believe it’s malicious, but I do think, since money is obviously a limited resource, it’s an intentional transfer of wealth from the 99% to the 1% and large corporations who just hold onto it. It’s likely because the baby boomers are so afraid to turn the economy over to millennials and want to hoard it as long as they can. We’ll get our chance, whatever’s left of us at that time.
What can Trump do about all of this, and what will he do?
In this case, I can say with a smile that he can do A LOT! There is nothing holding back the Office of Presidency or any branch of the government from doing anything they want about this.
REGULATIONS! REGULATIONS! REGULATIONS! REGULATIONS! REGULATIONS! REGULATIONS! REGULATIONS! REGULATIONS! REGULATIONS! REGULATIONS! REGULATIONS! REGULATIONS! REGULATIONS! REGULATIONS! REGULATIONS!
PUNISHMENT! PUNISHMENT! PUNISHMENT! PUNISHMENT! PUNISHMENT! PUNISHMENT! PUNISHMENT! PUNISHMENT! PUNISHMENT! PUNISHMENT! PUNISHMENT! PUNISHMENT! PUNISHMENT! PUNISHMENT! PUNISHMENT!
GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! GROW A SPINE! OW A SPINE! GROW A SPINE!
Not professional? No? Okay, well then. They NEED to get rid of Citizens United, pay to play, banks that write the darn laws themselves, wage theft, any talk of repealing Dodd-Frank, and all the people who cause these crises in the first place!