ARE YOU CONFUSED ABOUT THE ECONOMY? WELL HAVE NO FEAR TAY ZONDAY IS GOING TO EXPLAIN THE AMERICAN ECONOMY RIGHT NOW The dollar just think of it like a promise from the government But the value of the dollar has to be there to be relevant The value of the dollar comes from China and Iran When they put their cash reserves in a U.S. dollar plan - They buy treasury bonds from The Federal Reserve We say we owe you extra money cause you gave us some of yours Thats a big part of the National Debt All the interest that we havent paid to China quite yet - And a hundred other countries Cause were such a good investment The whole world gives us money We say Hey well pay you interest! This is how money is created from air Bank bailouts, federal budgets Money isnt really there - Its an I.O.U. remember dollars are a promise When you borrow from a bank Its not from other depositors The money for your loan Gets created on the spot Then they put it in your name Gamble on your life and body - +But if you lose your job Then you were a bad bet If a million lose their jobs Then we have a recession Heres the dirty secret Your labors too expensive Wall Street wants you spending money But they never want to pay you - +In your life cash and credit They are very different things But your credits someone elses cash Once it leaves your name This is why money is debt And your debt is good for Wall Street prosperity - And economic growth since the 1970s Is consumers getting credit Without wages increasing So when they talk about the housing crisis They never say we need to lower housing prices - We need ^better devices To afford high prices Meaning higher debt lower interest Cause youre underpaid to begin with Thats the cycle were in We dont understand so All we can do is question [CHORUS] Mama economy make me understand All the numbers why Daddys on a welfare plan Turnin thirty forty fifty gotta move in with my parents And the stocks go up but the jobs disappear Because wages barely grew for 40 years When you buy stuff They delay the cost of ownership You cant afford it so they make it to depend On endless small transactions Which is more like renting You pay more for printer ink Than you do for gold and More for bottled water Than you do for oil Razor blades are made to Oxidate So youre forever in debt to them Just to shave +Its a type of socialism called market socialism The best designed product Meets a need and doesnt last We subsidize waste With landfills and holidays like Earth Day teachin kids: Recycle please +Kids wont learn in school we live one worldview neoliberal economics In all of our politics They dont ask why corporations are human citizens Or why grandma pays more taxes Cause she lacks stock dividends Or why private bankers Print the public money Or why democracy is broken Cause their leaders wont be cutting Loopholes or subsidies For constituent industries Putting legislative bodies In a deep freeze So the Ph.Ds and the G.E.D.s Cry with Ayn Rand down at the temp agency Sayin we believed in Meritocracy But theres more to the story-- Someone answer me! https://youtube/watch?v=37eqoYbj1QM
Posted on: Fri, 17 Oct 2014 02:15:06 +0000
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