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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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  •  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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