Comments by "Frederick Miles" (@frederickmiles8815) on "Amazon Workers in Alabama Vote to Not Join Union" video.

  1. Bro weaker wage growth is globalization and QE driven; union drop off was a casaulty not the cause.
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  2.  @nopenope1186  i dont think you understand what QE is or monetary policy in general. The largest driver of the wealth gap is QE.
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  3.  @nopenope1186  when you monetize debt to suppress interest rates you drive two outcomes that you cant escape: one, you remove risk from the financial market - currently ~15% of public traded companies are zomebies who cant survive if interest rates tick past two. Also, you make stock buy backs a better ROI than investing the real economy. Plus if all of the liquidity is trapped in the financial economy and shadow banking is more thant double the size of tier 1, 2, and 3 banks - you push out their risk curves to inifinity and beyond. You would be shocked if you realized that the majority of the stock market is nothing more than notional shares - shares used as collateral to create more shares - all driven to the moon by cheap money - not credit risk. Secondly, this drives the misallocation of resources as government spends more making the economy more inefficient. Both are due to the Fed's sheet incompetence and ivory tower shit bags who have no idea how the actual monetary system works, they focus on cure alls, swamp water, and psduo science - signaling is nothing more than theater and our Fed is only built to combat inflation, not deflation. This is also why no one in the industry respects Yellen, paper hands Powll, Bernake, SEC, etc... they are governance and act like band geeks trying to sit at the cool kids table. Shadow banking (funds) paid Yellen up the ass to come and speak to their teams; she never asked herself why; because they are running came on her silly ass - lol. And the stupidity she and the ECB and IMF are trying to pull will just make everything so much worse. In short due to the Fed there is a massive everything bubble - that is your driver of wealth inequality. If actual rates were established by the market the market would lose 20-30% of its value overnight. And Forbes' bullshit paper money list shrinks instantly. Since Greenspan those who have had assets got much richer and those who did not stayed stagnant - the Fed inadvertenly created an oligarchy.
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  4.  @nopenope1186  dont you get it? financial assets are now a store of value for the wealthy; why put your money in a bank if your ROI is near zero? With the Fed removing risk from the market - they have effectively killed the free market since 2008. And not sure if your tracking but the biggest impact interest rates have are on the bond market which is 4 times the size of the actual stock market. Bond market (public and corporate debt) is mostly not fixed but variable - meaning interest rates moving up will lead to a high dollar as everyone races to the exit. Inflation will be transitory; leading to a liquidity crunch without government intervention - which is a good thing, we need deflation now more than ever. Interest rates will pop in Q2 - starting in the Repo market; more so than you realize - Q1 was over 2%. They are trying to readjust CPI as the numbers are scaring them. Part of the Fed is like well lets raise rates to keep inflation in check; the other is part of the Fed are the central planner MMT faction that knows if the market sets the rates (rates increase) zombie companies will die and housing will suffer - and we will most likely experience a depression of sorts as bad debt works itself out of the economy. I am all for the depression honestly - the more bad debt we can right off the faster the real economy can heal and grow.
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  5.  @nopenope1186  Sweet, but I dont think there will be much of a rebound; worst case - a global depression will trigger WW3 or we lose the reserve currency status; causing massive public debt defaults and detruction of the dollar. The world is a fragile place; Treasury and the Fed are full of simpletons who have no clue what damage they have done to the economy or to the average worker. Being a government employee you can probably attest to the sheer incompetency at the top fo the house better than most.
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  6.  @nopenope1186  the rebound from the depression was WW2 - where we took over the reserve currency status, post victory. The stock market did not recover from pre-depression levels until decades after WW2. With this nightmare we are now the old man on the hill and everyone will be coming for us with blood in the water; if the euro-dollar system falls to a global depression. No matter how bad you think it can be; it will be much, much worse.
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  7.  @nopenope1186  inshallah lol
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