Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Having THAT talk with your kids... (Original Post) MrScorpio Dec 2014 OP
K&R!!! Dustlawyer Dec 2014 #1
This is ALL that you need to know to understand modern economics. AdHocSolver Dec 2014 #2
"Free Trade" is like the "Free Market".... Spitfire of ATJ Dec 2014 #4
Yup blur256 Dec 2014 #3

AdHocSolver

(2,561 posts)
2. This is ALL that you need to know to understand modern economics.
Sun Dec 14, 2014, 03:21 AM
Dec 2014

Charts and graphs don't explain the economy. Most of the charts and graphs are either meaningless or designed to confuse you.

The stock market is another technique based exclusively on trickle-down economics used by the wealthy to separate the middle class from its savings.

So-called "free trade" doesn't exist. It is basically a marketing term to distract the unknowing from reality. Trade is controlled by the largest corporations for their own power and profit. So-called "free trade" agreements are the major corporations' method of carving up a captive market so as to increase their profits and prevent competition.

Consider "trade agreements" such as NAFTA and the proposed TPP as the manufacturing equivalent of OPEC.

The Federal Reserve is controlled by the largest banks for their own benefit exclusively. Interest rates are low only on depositors savings. Interest rates are high on credit card balances, student loans, and other money owed to the banks by the middle class.

Corporate avoidance of taxes, such as through unnecessary corporate subsidies, and offshore tax havens, is designed to withdraw money, the circulation medium that drives economic activity, from the middle class so as to collapse the bargaining power and influence of the middle class.

In order to understand reality, one first has to purge the false myths about economics from one's consciousness.

Latest Discussions»General Discussion»Having THAT talk with you...