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The giant pool of money--think there's not enough for you and me and everyone else?

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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 09:54 AM
Original message
The giant pool of money--think there's not enough for you and me and everyone else?

In this time of global economic melt-down, think about this: Take all the dollars spent everywhere in the world in one year. That's every dollar spent on the planet by every city, county, state, country, war machine, church, mega-corporation, small business, family, and yes, homeless drug addict. All those dollars, every dollar spent everywhere on the planet every single year do not begin to add up to the number high-roller investors the world over pump into sure-thing cash cows.

What the world's rich guys have left over to invest, after they buy their yachts, their fancy homes in three countries, their fast cars and luxury sedans, their five-thousand dollar suits and their $10,000-a-night resort hotel rooms amounts to seventy trillion dollars.

Think the 700 billion dollar bailout is scary? That's almost three-quarters of one trillion dollars.

The fat cats have seventy trillion dollars to play with. Remember, that's more than all of us--every person, organization, corporation, government body on the planet--spend every year, from bread to bombs.

They call this investment cash the giant pool of money.

So where did they get this giant pool of money? According to reporters on a recent This American Life episode titled The Giant Pool of Money, a lot of it came from you and me. When we bought gas for our cars, televisions made in China, clothing made in Indonesia, furniture made in Sri Lanka, pizza, McBurgers and the Colonel's chicken buckets, we threw our dollars, hand over fist, into the giant pool of money.

It's not all bad. While we filled the deep, deep pool in which the fat cats play, we also enriched offshore companies, often third-world countries. We were, quite literally, sharing our wealth and giving a hand up to people in countries who want all the glittery, glossy houses, cars, entertainment centers, I-pods and I-phones we have.

Because we are willing to pay, always, more than an object is worth, thus making a profit for the seller, we feed the wealth of those who figure out what we'll buy and get it to us while we're still eager to grab it.

So if you're thinking, during this time of economic crisis, while you watch your IRA and 401K plans melt away, while politicians tell you there's no way there will be Medicare or Social Security for the Boomers like they provided for their parents and grandparents, while you pay more and more for gasoline, car insurance, health insurance (if you're lucky enough to have it), and yes, milk, bread and shoes for the baby--if you're thinking there simply isn't enough to go around, think again.

The world has plenty of wealth. There is enough for everyone. Our task, should we choose to accept it, is to learn how to share. Greed has no place in Ordinary.

http://realordinarygraceonline.blogspot.com/2008/10/giant-pool-of-money-think-theres-not.html
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Sarah Ibarruri Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 10:03 AM
Response to Original message
1. Well, Repukes kept telling us there wasn't enough for the old, for the sick, for the helpless....
and yet look, there's $11 billion every month for Iraq, >700 B for bailing out the thieves on Wall Street, etc. Seems to be lotsa money!
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trthnd4jstc Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 10:36 AM
Response to Original message
2. We need a new Currency Based on Labor and not Credit and Debt.
A professor at SIUE, Bob Blain, has spent quite a bit of time explaining how the Time Dollar can work: http://www.siue.edu/~rblain/index.htm

It is within our hands to liberate ourselves from the tyrants that rule the world. They do not believe in Brotherhood and Sisterhood. They believe in oppression and exploitation. They do not believe in Fair Trade. They believe in taking everything they can get away with. They do not believe in helping out the world. They believe in blaming the poor for their poverty, and living country club lives. They are the enemy of humanity. And, Bush and Cheney are part of them.
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mirrera Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 06:37 PM
Response to Original message
3. Bingo! Love your posts always!!!
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Stellabella Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 11:22 PM
Response to Original message
4. They need to be taxed up the wazoo.
Nobody needs that much money.
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Grinchie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-08 02:14 AM
Response to Original message
5. They have several other ways to make money
1. Change the tax laws to benefit themselves.
2. Tie every asset they have up in Trusts and Corporations and own basically nothing (The Super Rich do this).
3. Create wealth out of thin air.
4. Accumulate assets that provide income, and buy Liabilities only after they have the income stream in place.
5. Create Corporations that get taxed after expenses and operating costs.
6. Hire expensive lawyers and politicians to manipulate policy for their own benefit.
7. Take relaxing vacations to recharge and plan for the future.
8. Work for themselves, and make sure they pay themselves first.

What do the masses do?
1. Earn a wage that is Taxed before they receive distribution.
2. By the latest gizmo or $200 dollar pair of Air Nike's, Paying taxes yet again
3. Load up with liabilities, like Cell Phone contracts, Cable TV, a fancy tuner car with a 4 inch ground clearance and 400 watt stereo system.
4. Save money by eating junk food and destroy their own health.
5. Buy huge houses that they can never enjoy, cause they are too busy slaving to pay for it.
6. Wasting money on Granite countertops and unecessary Kitchen remodels when they eat out most of the time.
7. Invest only in Safe Investments and don't understand money, When they finally retrieve their money, it is taxed a second time, then once more for Inflation.
8. Feel they have too little time or are too stressed out to fully understand tax laws or financial basics.
9. Go to College to be a good worker in a heirarchy, without learning the real skills that make them valuable or self sufficient.
10. Maintain a belief that hard work is rewarded with Job Security.
11. Ignore the Political, Social and Economic environment.
12. Have never traveled to any other country but will impose their beliefs on other societies.
13. Sell their soul to the Corporations that pays their cruching mortgage.
14. Believe that mankind has the right to despoil the earth without any repurcussions.
15. Believes that Doctors and Pharmaceuticals are the key to becoming well, while ignoring preventative measures.
16. Live paycheck to paycheck and not realizing their Irritable Bowel Syndrome is a precursor to being a slave to debt.
17. Are mad at the world because it's unfair, but buying something at Walmart makes them feel rich.
18. Make the same mistake over and over again because they are afraid of change.
19. Believe politicians can help them.
20. Continue to contribute to wrong headed policies that they don't agree with by continuing to pay taxes, instead of striking and saying, No Work, No Tax Money for War.
21. Eat GMO Food, and don't care because it's not labeled, and the FDA, USDA and EPA say it looks like all the rest of the food. If they are even aware of what GMO Food is.
22. Shops at Grocery Outlet or other damaged or rejected food outlet to save money, not thinking of long term health effects from contaminated food (Look up melamine and Kidney)
23. Continues to drive over 30 minutes one way to work, 5 days a week.
24. Hardly ever takes a vacation, choosing to cash in the days for money.
25. Hates their job, and make sure everyone else knows how miserable they are.
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-08 02:38 AM
Response to Original message
6. The question is never how much money. Money is just chits to keep track of how much stuff & labor
people control. Looks like the gamesters own the planet, & everyone on it.
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