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(International Business Times)   Where has America's money gone?   (ibtimes.com) divider line
31
    More: Interesting, Money supply, Central bank, Economy, Monetary policy, Economics, Inflation, Money market, Federal Reserve System  
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1245 clicks; posted to Business » on 27 Jan 2023 at 7:05 AM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



31 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
sinner4ever
2023-01-26 9:55:36 PM  
Rent and groceries
 
Rene ala Carte [TotalFark] [OhFark]
2023-01-26 9:59:41 PM  
Money, that's what I want.

Whole lot of money.

Money (That's What I Want)
Youtube bNND0AvhnyQ
 
Mangoose [TotalFark]
2023-01-26 10:06:05 PM  
A small cadre of people have decided that Smaug had the right idea.
 
Sgygus [TotalFark]
2023-01-26 10:10:14 PM  
Gone to the already rich, everyone.
 
Bob_Laublaw [TotalFark]
2023-01-26 10:10:52 PM  
Avocado toast and hot cat dispensers
 
bloobeary [TotalFark] [OhFark]
2023-01-26 10:18:05 PM  
Into the bank accounts of billionaires, along with the rest of it.
 
IgG4 [TotalFark]
2023-01-26 10:20:21 PM  
Tax havens?
 
educated [TotalFark]
2023-01-26 10:22:16 PM  

Sgygus: Gone to the already rich, everyone.


When will we ever learn.

When will we ever learn.
 
mofa [TotalFark]
2023-01-26 10:37:35 PM  
America's money is still right here in America. But now about 100 people have almost all of it.
 
Therion [TotalFark]
2023-01-26 10:44:23 PM  
Fark user imageView Full Size
 
tonguedepressor [TotalFark]
2023-01-26 10:54:58 PM  
Hey China, we saved your country from Japan. We call it eve's.
 
Scorpitron is reduced to a thin red paste
2023-01-27 2:26:53 AM  
The Fed pumped huge amounts of money into the hands of the unconscionably wealthy, who bought tons of stocks and maybe a few other things (a Blizzard from McDonalds). Corporations were outright given tons of money they used for stock buy-backs and nothing else.

And now the money supply is shrinking slightly.

Will this affect how much a tin of tuna will cost for your cat? Will the price go down? Nope. You and your cat are screwed. Inflation doesn't go down.
 
NewportBarGuy [TotalFark] [OhFark]
2023-01-27 3:40:46 AM  
The American Aristocracy
 
koder [TotalFark] [OhFark]
2023-01-27 4:12:51 AM  
...
Business men, they drink my wine
Plowmen dig my earth
None will level on the line
Nobody offered his word
...
 
bostonguy [TotalFark]
2023-01-27 5:08:45 AM  
"Rich people."

Fark user imageView Full Size
 
AdmirableSnackbar [TotalFark] [OhFark]
2023-01-27 5:12:51 AM  

educated: Sgygus: Gone to the already rich, everyone.

When will we ever learn.

When will we ever learn.


Well we can't vote for people that Republicans would call socialists so we're stuck like this.
 
Tr0mBoNe [TotalFark]
2023-01-27 7:43:34 AM  
mint a 200 meter diameter, 2 meter thick tungsten coin, gather all of the billionaires on one side of a football stadium, and drop it on them.
 
hubiestubert [TotalFark] [OhFark]
2023-01-27 7:46:44 AM  
A lot of banks in Switzerland and the Caribbean, I suspect.
 
brap [TotalFark]
2023-01-27 7:58:13 AM  
image.cnbcfm.comView Full Size
 
Russell_Secord
2023-01-27 8:06:06 AM  
In my case: 1) insurance 2) things insurance doesn't pay for 3) things insurance doesn't cover 4) anything left over goes to groceries.
 
Northern
2023-01-27 8:12:47 AM  

Mangoose: A small cadre of people have decided that Smaug had the right idea.


Into perpetual, low tax trusts which demand ever higher economic rents on the bottom 99%, and who will demand lower taxes and bigger government subsidies to increase the pile of cash.
But let's hear how a 70% marginal tax rate on all income above $1 million a year will destroy the economy and make pro athletes sad.
 
neongoats [TotalFark]
2023-01-27 8:51:38 AM  
Into the pockets of grifting kleptogarchs in the form of avoided taxation.
 
Metaluna Mutant
2023-01-27 9:03:19 AM  
It's gone the same place the vast piles of wealth went when Rome's republic was in its final days, into the hands of a very few who were determined to strangle the whole system rather than implement any reforms which might threaten their positions on top. During decades of simmering civil strife and even outright civil war, several of their own realized that they could make even more money by just seizing power and controlling the whole thing absolutely by giving lip service to the poor in return for their support.

/history doesn't repeat itself
//but it does rhyme
 
SharkaPult
2023-01-27 9:06:10 AM  

Tr0mBoNe: mint a 200 meter diameter, 2 meter thick tungsten coin, gather all of the billionaires on one side of a football stadium, and drop it on them.


During the Covid lockdown when people said some old people just had to die to save the economy i suggested just rounding up the richest 5 or 10 people and taking all of their stuff to distribute to everyone to save the economy.
I was told I was the crazy one, not the people that wanted untold thousands of people to die so Applebees could sell cruddy margaritas to middle class suburbanites.
Ahh well. Ypur solution had merit too
 
exqqqme
2023-01-27 9:32:45 AM  
Fark user imageView Full Size



You think I'm kidding
 
Ishkur [OhFark]
2023-01-27 11:57:10 AM  
"Inflation is certainly a monetary phenomenon"

Monetary inflation is a monetary phenomenon.

This is a supply shock inflation, caused by the twin black swan epochs of Covid shutdown and war, but mostly war. Cutting off the supplier of 30% of the world's oil means everything gets more expensive, since all finished goods need fossil fuels to reach you.

Shrinking the money supply is treating the symptom, not the disease
 
Tyrone Slothrop
2023-01-27 12:44:07 PM  

Metaluna Mutant: It's gone the same place the vast piles of wealth went when Rome's republic was in its final days, into the hands of a very few who were determined to strangle the whole system rather than implement any reforms which might threaten their positions on top. During decades of simmering civil strife and even outright civil war, several of their own realized that they could make even more money by just seizing power and controlling the whole thing absolutely by giving lip service to the poor in return for their support.

/history doesn't repeat itself
//but it does rhyme


Let's do some history.
History RE-Summarized: The Roman Republic
Youtube AsR-C9WtoKg
 
jso2897
2023-01-27 12:44:55 PM  
Sam Stone
 
ottebx [TotalFark] [OhFark]
2023-01-27 12:49:05 PM  
China. It went to China in exchange for cheap stuff.
 
Autoerotic Defenestration
2023-01-27 1:10:04 PM  
Fark user imageView Full Size
 
Ganon D. Mire
2023-01-27 9:15:03 PM  

Bob_Laublaw: Avocado toast and hot cat dispensers


Fark user imageView Full Size
 
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