Reply #25: It is all about jobs and only about jobs. [View All]

[AdHocSolver]

Without jobs, people can't buy anything, pay their debts, or pay taxes. Jobs are the REAL economy. The stock market, in fact, the banking system, is NOT the economy.

An economy is composed of a system of markets in which goods and services are traded using a medium of exchange called money. If people have no way of earning and spending money, there is NO economy.

The stock market is a lottery run by a bunch of swindlers to steal the savings earned by the middle class. The swindlers gull the middle class into using their savings to buy pieces of paper called stocks, claiming that the buyers now own a piece of the company. That is nonsense as the "owners" of Enron found out.

A stock purchaser owns a piece of paper that is only worth what that person can sell it for in the future. The stock prices are manipulated by the insiders so that eventually the stock shares are worth less than the middle class buyer paid for it, while the corporate insiders get to keep the profit they made buy selling the stock to that middle class buyer for more than they paid.

The billions of dollars of bailout money thrown at the stock market was used to prop up the Ponzi schemes. It is a form of "price inflation". Pumping billions into a market of a fixed quantity of stock automatically boosts the stock market. In a monopoly game, it is like one player losing all his money, and then the "bank" gives him a loan so that the players can continue playing.

In our case, the government gave the swindlers a bunch of money to continue the Ponzi scheme. This actually hurts the REAL economy because it removes money from the REAL economy that could pay workers to produce and buy goods. People and "legitimate" businesses are denied the funds given to the swindlers which could have boosted the REAL economy.

The REAL economy will not recover until the goods and services we purchase are provided by American workers. The outsourced jobs have to be returned to America. This is the ONLY action that will revive the economy. An economy cannot survive when all the money flows away. It amounts to draining a lake. With no inflow of water, you wind up with nothing but mud.