It’s a win-win for the banking class.
1. Drive interest rates unnaturally low at the expense of savers.
2. Cheap money leads to asset price inflation. The wealthy own most of the assets.
3. Wages follow much slower than asset and commodity growth
4. Life becomes more expensive for people who mainly purchase food, energy, and shelter
5. Higher cost of living and comparatively lower wages lead to a stressed, more controllable workforce. The fearful worker is a dream for the industrialist who employs him
Aurelius
npub169…v2thg
2023-07-21 15:01:19
in reply to nevent1q…tylz
Author Public Key
npub169yu4d6xl8a6d4xvfyhstjdxr0cc7qtfq5pch5kwv4k2wkapa3pq8v2thgPublished at
2023-07-21 15:01:19Event JSON
{
"id": "f044c1c5c5bad98e52f70cd441c69d4399148ed24a7a6c4e19358850766fade0",
"pubkey": "d149cab746f9fba6d4cc492f05c9a61bf18f016905038bd2ce656ca75ba1ec42",
"created_at": 1689944479,
"kind": 1,
"tags": [
[
"e",
"fa8019dbf19bbdf6c1384c17e0eba178424d42777b4bdcd21438572ca58bb37a"
],
[
"p",
"5a9c48c8f4782351135dd89c5d8930feb59cb70652ffd37d9167bf922f2d1069"
]
],
"content": "It’s a win-win for the banking class. \n\n1. Drive interest rates unnaturally low at the expense of savers.\n2. Cheap money leads to asset price inflation. The wealthy own most of the assets.\n3. Wages follow much slower than asset and commodity growth\n4. Life becomes more expensive for people who mainly purchase food, energy, and shelter\n5. Higher cost of living and comparatively lower wages lead to a stressed, more controllable workforce. The fearful worker is a dream for the industrialist who employs him",
"sig": "1d96b238526fc1d74cd2977c66730d4c331124c4cbfc572e34bb2c2d1c28438745373849be0d9738795f77c8723f2c3bb3f3bcbb34974900e5115ab72cc5509a"
}