Black People : 'There's Nothing Wrong With the Economy!"

which is kinda like saying dont blame the tainted dog food for the dog getting sick

I disagree.
That is exactly what I am saying.

My perspective:

The lifeblood of a modern day economic system is its currency.
If the currency is a depreciating medium of exchange, that alone will play havoc with the entire system.
If the blood is tainted, how do you think the rest of the system will fair?

Our current currency is not a system of just weights and balances.
It is a fluctuating medium in which the benefits of this arbitrage go to some parties at the expense of all the rest.

The problem with the economy, especially for those at the lower end of the economic spectrum, is loss of purchasing power. You don't get as much bang for your buck as say 5 years ago.

Not only that, this loss of purchasing power affects other economic forces such as exports, supply and demand, and more.

Your loss of purchasing power subsidizes the profligate spending of government and commercial malfeasance of the banks.
 

Donate

Support destee.com, the oldest, most respectful, online black community in the world - PayPal or CashApp

Latest profile posts

HODEE wrote on Etophil's profile.
Welcome to Destee
@Etophil
Destee wrote on SleezyBigSlim's profile.
Hi @SleezyBigSlim ... Welcome Welcome Welcome ... :flowers: ... please make yourself at home ... :swings:
Back
Top