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View Diary: Starving Mich schools: Capital City Lansing schools eliminate ALL art, music and phys. ed. teachers (119 comments)

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  •  It's congress' fault. Congress is tasked with (18+ / 0-)

    managing the currency and they've managed to let the 1% get their hands on most of it. Imagine if someone had cornered the market on vowels or inches or pounds. Dollars are a utility. Letting people play with them is criminal.
    Explain to your friends that the reason we send dollars back to Washington, where they originally come from, is just to keep them moving -- like the current in a stream. Hoarding money is like a stagnant backwater that breeds mosquitos.
    Or, tell them that taxes are just a recycling program. If we send dollars back to the Treasury, we won't keep having to make more.
    Instead of distributing dollars, Congress has been rationing them, to show how important they are. And, as we all know, rationing leads to hoarding. So, if our corporations are hoarding that's Congress' fault, as well.

    At least the Soup Nazi's soup was good. Ryan's budget stinks.

    We organize governments to deliver services and prevent abuse.

    by hannah on Sat Mar 23, 2013 at 11:23:24 AM PDT

    •  And, let's not forget Bernanke and teh Fed Reserve (1+ / 0-)
      Recommended by:
      peregrine kate

      Bernanke announced continued plans to create and pour billions ($85 billion/month, a trillion dollars/year) onto the super wealthy. Where is that money going? Certainly not into the economy. It's a true abomination.  We should be having incredible inflation, but none of the money is going into the economy. It's ALL going to a few of the SUPER wealthy who just hide it. It really is a crime of massive dimension.
      A trillion dollars, all going to the super wealthy while education in America is being destroyed for the benefit of republican children who will not have the competition.
      We are helpless fools.

      "I freed a thousand slaves, I could have freed a thousand more if only they knew they were slaves" Harriet Tubman

      by BrianParker14 on Sat Mar 23, 2013 at 09:56:03 PM PDT

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      •  When there is hoarding, there is no choice (0+ / 0-)

        but to keep topping up the supply until the hoarders catch on that there is no point. Unfortunately, hoarding is an obsession and not likely to stop unless there is an intervention. The transaction tax would counter the hoarding that is the stock market, but it doesn't affect those who just sit on cash.
        Some hoarders apparently still believe that, if they make dollars scarce, the Treasury will have to go back to paying dividends of 8% on bonds, like they did back in 1990. That's a pipe dream. It's not going to happen. Interest rates don't respond to the market. Since the issuance of currency is a monopoly situation, the price of the product is set by the producer.
        Dollars are worthless. That they constitute wealth is an illusion.

        We organize governments to deliver services and prevent abuse.

        by hannah on Sun Mar 24, 2013 at 01:13:57 AM PDT

        [ Parent ]

        •  Bernanke's creation of a trillion dollars a year (0+ / 0-)

          are going directly to the super wealthy to purchase crap bonds sold to the super wealthy and absolve them of their stupid purchases which the financial institutions created out of whole cloth. Those bonds are essentially worthless.  All of that money is going to a few individuals and financial institutions.  Much of that money is likely being hoarded in commodities (and likely various types of metals, although some of it is being used to on food commodities, which are driving the price of grains up and let's not forget the absurd price of oil, which even the Saudi's say is way too high and they said they would be happy if it were at sixty-five dollars a barrel. ). I don't believe they have any interest in circulating that money by buying anything.  
          In order for American products to stay competitive the dollar has to stay cheap.  
          Bernanke has said he will continue to give the financial houses and the super wealthy this giveaway at least until 2015.
          If the dollar becomes expensive, America won't be able to sell goods to other countries and the unemployment rate will go even higher. We're screwed.
          And the hoarders couldn't care less. And will never put that money into the economy because it's too much even for them and they already have all the material possessions they will ever greadily want.
          All productivity is going to them.

          "I freed a thousand slaves, I could have freed a thousand more if only they knew they were slaves" Harriet Tubman

          by BrianParker14 on Sun Mar 24, 2013 at 04:45:48 PM PDT

          [ Parent ]

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