“It is true that income inequality has kind of gotten worse, but you can take the compensation of every CEO in America and make it zero and it wouldn’t put a dent into it. What really matters is growth. It’s not right to say we’re worse off … If you go back 20 years ago, cars were worse, the air was worse. People didn’t have iPhones.” – Jamie Dimon
Jamie Dimon and his confreres have benefited greatly from government handouts and Fed policy. He can be so facile because inflationary monetary policy, and government bailouts have enable his ilk to gather the skim from almost every financial transaction that takes place in this country. from ATM and debit card transactions, to purchases with EBT cards. There is almost nothing you can do where you or a merchant are not paying some kind of transaction fee.
I wish I could collect just a penny on every credit, debit, ATM, and EBT transaction that takes place in Chicago for a solid year. Just a penny. There are 2.7m people withing the city limits of this town busily buying groceries, eating in restaurants, buying all kinds of stuff, and every time they proffer a credit, debit, or Link card for the purchase, some bank skims a fee of anywhere from $0.03 to a dime, or more. If you are dumb enough to get cash out of an alien ATM (one that does not belong to your own bank) you are paying a transaction fee of $3. This is why our banksters want to do away with cash.
Note that the wealth gap has widened like the Grand Canyon since the collapse of 2008 and subsequent bank bailouts. THAT is what is enriching them and impoverishing everyone else. You are paying through your taxes for their guarantees, and you are being robbed of interest for your savings account, and you are being skimmed on every non-cash transaction you make.
It will be hard to solve all the worlds problems. Some problems will never be solved and some simply can’t be solved. If we desire to do the smallest thing about all the trouble in the world first
we must kill the bankers.
The time is not now. But the time will come. There are many millions who are angry, edgy and ready to fight just waiting for the spark that sets them all off at the same time. Then all hell and chaos will be loose upon the land and all it’s people.
Until the SHTF we will most likely devolve even further into our already grim, dreary distinctly American of type socialist- fascist police state. No matter what we are doomed.
Doom is the future and future is now