There are two economies in the United States, the real economy, where the 99% live, and the 1% economy, where banksters and the evil corporate elite live. There’s never enough money, as those from the one percent “want more and more”.
Consumers are spending and life is going on, whereas on Wall Street one can see non-stop interventions, quantitative easing is needed, while interest rates were cut again this week for the top one percent.
When China announces as a surprise its 20,000 tons of gold and a gold-backed crypto-currency that “will kill the US dollar deader than a door nail,” it will be a “Pearl Harbor-type event and it’s coming in the next six to nine months.
Economic inequality has become a “global emergency” bringing the paradox of free money to the global economy. The World Has Gone Mad and the System Is Broken.
The system of making capitalism work well for most people has finally broken down. People who lack money or creditworthiness are essentially unable to access capital and therefore are pretty much hopeless in life.
RT. com / ABC Flash Point Capitalist News 2020.