I was in on a conference call at the beginning of all this and they said “don’t worry the Fed has promised UNLIMITED liquidity” & then watched the general public get abandoned, service & small business sectors ruined, and haggling over pathetic stimulus check amounts 😔 pure evil https://twitter.com/robrousseau/status/1339649841752846339
The big lie is American workers are incredibly productive and remain productive even as pay and benefits fall, post ‘09 as workforces were slashed & pay stagnated they actually become MORE productive and companies realized the work of multiple workers could be squeezed out of one
Now with remote work & the architecture put in place they’ve found American workers are STILL as productive! Corporations are positively gleeful this has been tacit permission for the squeeze to continue. Productivity up, overhead down and Fed Res piggy bank open for business.
The one place it could all fall apart is the average person being made aware the US govt & intelligence agencies control all money. They can & do create trillions of dollars for a very small class of people to benefit from all the time. The money exists because they say it does.
When you hold the global reserve currency you can do whatever you would like,- as long as you and your economy remain at the top. You determine who is a rogue state, you decide who is financially sanctioned, you can give your citizens as much or as little money as you want.
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