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Mon Jan 23, 2012, 01:08 AM

Your Wages Will Be Cut In Half!

&feature=youtu.be

6 replies, 1911 views

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Arrow 6 replies Author Time Post
Reply Your Wages Will Be Cut In Half! (Original post)
midnight Jan 2012 OP
cantbeserious Jan 2012 #1
midnight Jan 2012 #3
napoleon_in_rags Jan 2012 #6
midnight Jan 2012 #2
Blacksheep214 Jan 2012 #4
Guy Montag Jan 2012 #5

Response to midnight (Original post)

Mon Jan 23, 2012, 01:13 AM

1. Problem, There is Too Much Private Sector Debt To Significantly Grow Demand

Without demand growth, there can be no significant inflation growth.

Best website to help understand this situation:

Steve Keen's Debt Watch

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Response to cantbeserious (Reply #1)

Mon Jan 23, 2012, 01:50 AM

3. Do you think cutting wages is going to help?

Went to Debt Watch-Looks like a good site to get more explanation...

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Response to cantbeserious (Reply #1)

Mon Jan 23, 2012, 05:39 AM

6. Have you had your eye on the US debt?

15 trillion now?

I read a Krugman article that said "hey chill out, most of that is owed to America." so I went and checked out who the debt is owed to, and sure enough, the majority is owed to the Federal Reserve. And where do they get their money from??? Thin air.

What I know is this: When I was 16, I used to put in a days work at minimum wage at 7/11...I would then fill my gas tank, get a couple packs of smokes, eat out, and do a week's grocery shopping, and it would be about a day's wages. Now I make more than twice of what I did then, but I fill my gas tank, get a couple packs of smokes, do a week's grocery shopping and its exactly the same, about a days wages.

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Response to midnight (Original post)

Mon Jan 23, 2012, 01:22 AM

2. "Fed to enter tricky waters of U.S. rate forecasts"

"The US Federal Reserve enters uncharted waters at its policy meeting this week as it reveals individual policymakers’ views on the future path of interest rates.

Fed-watchers generally expect the central bank will leave monetary policy essentially unchanged after the economy has recently shown some signs of an improving recovery from a deep recession.

The Federal Open Market Committee policymakers have pledged to keep the key federal funds rate between zero and 0.25 percent through mid-2013 to support growth.


The overnight interbank lending rate has been held at that historic low since December 2008."http://www.rawstory.com/rs/2012/01/22/fed-to-enter-tricky-waters-of-us-rate-forecasts/




Who stands to profit from low interest rates that underwater mortgage owners can't get access to? Or Small business owners can't get acess to?

After reading this article it is clear that the FED intends to offer inane ideas that will leave the cars of many people stuck in the ditch for ever...

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Response to midnight (Original post)

Mon Jan 23, 2012, 02:34 AM

4. My wages have been cut 100%

 

Do I win anything?

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Response to midnight (Original post)

Mon Jan 23, 2012, 04:07 AM

5. I great video to show people I have been trying to educate in regards

to the problems it talks about. thanks for sharing this.

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