At 5/21/12 08:36 PM, DarkShadowblade wrote:
On topic, Hipsters never have a clue what they are fighting for. Just look at that whole "We are the 99%" stupidness. That's cool, you're the 99%, why should I give my hard earned money to you? Just because you're the majority?
It's not actually your money; this is the problem.
the US Dollar is a currency backed solely by faith in the US people. Remember, we abandoned the gold standard in the depression. Therefore, the people ARE the money. So it's not yours; they're just letting you use it.
Where does money come from? Federal Reserve mint. How does it get to banks? Federally insured loans at a standard rate from the federal reserve.
So bankers aren't loaning out their own money; they lease it from the government and then sell loans at a higher interest rate determined by the market and keep the profit.
In order to keep this system alive, the banks began systematically over appraising homes to increase the amounts of the consumer loans to get more money from the federal reserve into the system.
Then someone popped up a Google map and went; 1K a month to live in a roach trap in manhattan?BULLSHIT.
Then the economy crashed.
So why should you give your 'hard earned dollars' to the 99%? Because if you don't, they'll just take back the blood and flesh that give those dollars value.
Buy lotsa gold, rich motherfucker. Too bad you can't eat it, eh?