Can We be any More Fucked?

The recycling of earnings into financial assets has replaced product sales as the primary driver of profits in America. It's a scheme that would make Bernie Madoff blush. To date, the Fed and Treasury have committed 8 trillion dollars to backstopping the weaker areas of the market in an effort to flood the market with liquidity. "Backstopping" is fancy word for "price-fixing": the Fed buying up trillions of dollars of corporate debt, ETF's, MBS, and US Treasuries to keep prices artificially high in order to reward the 1% of Americans it secretly serves. This is why the 1% are not concerned about the vast devastation that has been inflicted on average Americans. They'll still be raking hefty profits via the stock market while the real economy slips deeper into a long-term coma. Besides, when the lockdowns are finally lifted, the 1% will see a surge of consolidation brought on by the destruction of so many Mom and Pop industries that couldn't survive the downturn. No doubt, the expansion of America's tenacious monopolies factored heavily into the calculation to blow up the economy with the Coronahoax. Meanwhile, the deepening slump will undoubtedly create a permanent underclass that will eagerly work for a pittance of what they earned before the crash. So, there you have it: profitability, consolidation and cheap labor. Why wouldn't the bipartisan 1% love the idea of crashing the economy? It's a win-win situation for them.

yes.

being a massive spud is ur day job

Or worse yet, obammygro. Fraudulent and got us in this mess

I think the number is far larger than $8T

well, they could force you to eat maxine waters fart hole.

Fkmess

This

the FUCKENING...

If Trump doesn't win in November this will be true.

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Tried going into a gas station without a Mask yesterday..

You have to try to toughen up. What you both are describing is true, spot on. However, feeling like this last March I realized back then when it was really bumming me out bigger and badder and far worse things are coming so you have to toughen up. Worse is yet to come. Figure out how to deal with it. Will help with suggestive ways to cope if you can't figure out what works for you but everyone needs to get ready for far worse mentally and physically.

Getting READY up here in Michigan Pal..

Fake stock Market..