I find my eyeballs spinning at times when trying to talk or understand the economic theories of the RIGHT out to lunch. I tried to have a rational dialog with a man that votes Conservative the other day and he keeps bringing up Greece about how socialism ruined Greece and how screwed they are but when I pointed out that his champion America actually has a bigger debt per capita than Greece he informed me that that didn't matter because America can just print more money and Greece can't, so to him it is problem solved, end of story. Then I am watching Bill Maher and they are having a discussion about the inequity of the rich and the other 99 percent, talking about the 99 percent getting their share of the pie, the champion of the one percent informed them there was no pie the money supply is infinate. The right does not seem to even grasp the nature or value of mediums of exchange (money) it is magic mystical like some Genie just waves his magic wand and legal tender just appears out of thin air. Is it any wonder the banks, money markets, stock markets are in the sad state they are at this time in history. I remember hearing one of the architects of the banking collapse talk about it and he made the statement that it was like trading air they didn't even see it as money, they lost sight of the fact that they were playing games with peoples pensions, life savings lively hoods, homes, businesses,and their stupid games inevitably cost the American people 40 percent of their assets.
The really sad part is they are still playing the same games with their depositors money Morgan Stanley just stole another 5 billion dollars of their clients money, absolutely nothing has changed, they have not even learned a thing and no one is making them change with strict legislation.
In my opinion they should all be doing hard time and have everything they own including all their offshore accounts put towards paying back the people whose money they stole.
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