Invest In Humanity

The Federal Reserve and other central banks around the world have been printing money like there's no tomorrow since the financial meltdown in 2008, and have even accelerated the money-printing since the start of the pandemic. The result: we've never had so much money sloshing around as we do now.

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Yes, there's never been so much money in the world as there is right now. Printing money in and of itself doesn't necessarily have to be a bad thing, but it is bad in the way it has been done these past 13 years. As an example of money-printing that isn't bad, just consider a growing real economy and a growing population; when there are more products, and more people, a larger amount of money is perfectly justified to represent the growing numbers. Another example is printing money, and as a result growing the debt, if it is used to invest in such a way that the economy benefits. And again, I'm talking about the real economy here, the actual products, people and businesses, and not about the stock market and finance which don't produce anything tangible or beneficial for the real people in real countries.

What has been done the past 13 year however is none of that; the debts have been increased to balance the fake economy of stock markets and finance, the economy that produces nothing but riches for large corporations, investors, home owners and so on, you know, the infamous 1 percent. It's rather amazing and saddening to behold that, as stated in today's linked video, never has the ratio between available liquidity and investment been so low as it is right now. And that wouldn't be so infuriating if we had our stuff together, but that's not the case. Far from it. America urgently needs work done on its infrastructure. All countries badly need more investment in green, renewable energy. Workers who lost their jobs due to the pandemic urgently need money to keep their heads above water, and to keep the economy flowing. Americans need universal healthcare and not be condemned to a life long debt when they get sick.

In a healthy economy, as far as that's possible in capitalism, corporations borrow money in order to invest, in R&D and/or expansion. But after 13 years of them being funded with newly printed money, they have large saving-accounts. The biggest offenders are Apple Inc. ($230 billion), Microsoft Corp. ($113 billion), Cisco Systems Inc. ($62 billion), Alphabet Inc. ($49 billion) and Oracle Corp. ($52 billion). Of course this money is stashed overseas as to evade taxation. Now, Apple also has some $90 billion in debt, which it uses to pay out dividends and I'm sure some of it is used for investments as well; using debt for these purposes is yet another way to evade taxes and is all perfectly legal. In total some $2 trillion were parked in overseas tax-havens in 2017; I'm sure that number has grown by now... Source: These are the 5 U.S. companies with the biggest overseas cash piles.

All this is of course horrific, and we badly need all this pointless money to be invested in what's good for humanity. For a fuller picture of what's going on watch the short interview with Yanis Varoufakis.

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