Reply #37: Trickle Up economics [View All]

[chknltl]

WE THE PEOPLE, had a pretty good pile of extra cash, cash for fancy expensive cars, cash for vacations, cash for lot's and lot's of frivolities unimaginable by those in the third world. The ultra wealthy coveted this cash and devised methods for redistributing that cash out of the hands of the middle class and into their own pockets. The term for it is de-regulation and it works well now doesn't it.

Think about it from my over simplistic terms: Back prior to the Great Depression there was X amount of $$ in America. WHERE DID IT GO? During the depression that $$ was not in the hands of the poor or the middle class, nor was it in the hands of those who were modestly rich prior to the Great Depression. IT WENT TO THE VERY TOP, redistributed among the ultra rich, much if not most of it went offshore. That X amount of money had been redistributed to the smallest minority-the ultra rich!

Today we are experiencing the same thing. Those who are profiting are not reinvesting this in America-they are squirreling it away all over the world-not spending it. Yes, this is OVER-SIMPLISTIC but it's an easy way to visualize what is going on without needing a degree in economics. I call it: TRICKLE UP ECONOMICS. Only in this case, the trickle has turned into a flood.

The war is merely a tool used by those who were grabbing boat-loads of cash to now grabbing super-tanker-loads of cash. Maybe the rest of us can eat cake.