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Stabilize The Economy
One of my policy proposals would be to end Wall Street as we know it.
I realize the reactions to that statement will vary widely, to put it mildly. Maniacally may be a better word. Some people may have just passed out, some blew an aneurysm and some will cheer madly. Before anyone reacts too strongly in any one direction, let me explain this in some detail.
If we look back through history, we see that every economic recession and depression for the past 150 years has had a basis in one thing. Stock speculation. There are no exceptions.
Some will bring up the Dust Bowl and the Great Depression. That claim would not be accurate. The Depression began with the crash of 1929. The Dust Bowl did not officially begin until 1930, 6–7 months after the Depression officially began. The Dust Bowl also ended before the Depression ended.
In recent decades we have seen the savings and loan crisis. The internet bubble in 2001. The housing crash and financial services crisis in 2008/9 and onward. During 2020 more money went into bailing out banks and corporations than workers. Since 2019 at least ¼ of all the US dollars in existence were created from thin air. It did not go to consumers, so where did it go and why do I say 2019 instead of 2020? Because…
