Asher Edelman endorses Bernie Sanders - Business Insider
Asher Edelman endorses Bernie Sanders - Business Insider
The real Gordon Gekko supports Bernie Sanders for one simple reason, the velocity of money is comatose because most of the profits go to the 1 percent. That is killing the economy. He said:
Here is a chart of M2, all money stock and savings. We can see it is crashing due to the proceeds going to those who are hoarding money. This hurts the economy:
The real Gordon Gekko supports Bernie Sanders for one simple reason, the velocity of money is comatose because most of the profits go to the 1 percent. That is killing the economy. He said:
"Well, I think it's quite simple again.
If you look at something called velocity of money, you guys know what
that is I presume, that means how much gets spent and turns around. When
you have the top 1% getting money, they spend 5-10% of what they
earn. When you have the lower end of the economy getting money, they
spend 100-110% of what they earn.
If you look at something called velocity of money, you guys know what
that is I presume, that means how much gets spent and turns around. When
you have the top 1% getting money, they spend 5-10% of what they
earn. When you have the lower end of the economy getting money, they
spend 100-110% of what they earn.
As you've had a transfer of
wealth to the top and a transfer of income to the top, you have a
shrinking consumer base basically, and you have a shrinking velocity of
money. Bernie is the only person out there who I think is
talking at all about both fiscal stimulation and banking rules that will
get the banks to begin to generate lending again as opposed to
speculation."
wealth to the top and a transfer of income to the top, you have a
shrinking consumer base basically, and you have a shrinking velocity of
money. Bernie is the only person out there who I think is
talking at all about both fiscal stimulation and banking rules that will
get the banks to begin to generate lending again as opposed to
speculation."
Here is a chart of M2, all money stock and savings. We can see it is crashing due to the proceeds going to those who are hoarding money. This hurts the economy:
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