It’s Time To Abolish Wall Street

How is it possible that amid a $94-Trillion economy, median wages are in decline? America’s economic policy constitutes a kind of structural genocide, killing 18 million people per year worldwide through the violence of poverty and socioeconomic inequality. Economic busts are good for the rich because they create cheap labor and allow banks to seize properties the poor can’t pay for anymore. All that wealth consolidates at the top to the point where 70% of the population can no longer generate enough income to afford basic necessities without taking on ever-increasing levels of debt that they will never be able to pay back under current economic policy because the financial opportunities necessary to generate the income do not exist. The entire economy is based on unnecessary consumption that relies on advertising to create artificial demand, and rewards manufactured scarcity, be it arbitrarily priced pharmaceuticals or polluting watersheds to increase bottled water sales.

Of the 213 million working-age Americans, there are only 100.6 million full-time workers, leaving 107 million people to fight over 28 million part-time jobs, usually without benefits and usually at minimum wage.

The stock market is so big it’s now worth $30 trillion, but there is only $3.8 Trillion of hard cash circulating in the US economy. And any money you make from stocks comes from other investors pumping new money in.

The SEC defines a Ponzi Scheme as:

“an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors”

The goal is to make money out of nothing, sell it to people, and then when the people can’t pay, to take their property. 83% of the stocks are owned by 1% of the population and constitute nothing but speculative gambling. The $700-Billion float of Apple has nothing to do with what that company actually produces at all. It’s simply a figure representing the speculations of traders. And for some reason, retirement funds are connected to this inflationary-driven market, coercing the whole society into participating in a siphoning machine that takes money from the lower class and delivers it to the upper class through different mechanisms.

blog-Tee-Wall Street

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s