How fast can you read 2,520,000 words? If the average person can read say, 250 words a minute, that would take 10,080 minutes, or in hours, 168 hours straight - which is precisely 7 days. 2.52 million words is 5600 pages at 12 font and single-spaced - which is the length of the recent spending bill that was approved, which was approved by the US congress within hours. While the 2.3 trillion dollar spending will fly by the guise of Covid relief, only 900 billion of it is for this purpose - Do you wonder what else is packed in there?
From a brief overview of an article or two, there are things like new Smithsonian museums, gender inequality among statues and tax breaks if you own racehorses. And I think that we can all agree, greater statue gender equality should really help people deal with the fallout from Covid-19 and what is still to come, considering how much money has been printed, yet not distributed widely. Oh of course, most Americans will get a $600 dollar cheque, which should be enough to buy a TV so they can watch the future riots and looting of TVs a year or two from now.
The thing is, many Americans are likely celebrating this passing of the bill that avoided a government shutdown (does this happen in other first-world countries?) and will give them a few pennies in their pocket, while the majority of the "relief" will likely cost them far more in the coming years. the amount of global fiat that has been printed this year is insanity and eventually, the true cost of Covid reactions will be felt - for generations. Remember that even this bill that passed is only a portion of what has been spent, with 7 trillion being spent in the first 6 months, not to mention the costs to small business and individuals as they were laid off, some still so.
With this latest "batch order" of legislations approved without anyone reading the 5600 pages in entirety, since it wasn't even available, let alone with enough time to read it, it goes to show how corrupt the system is - People complain about "blind voting" on Hive through automation, yet this has nothing on the US government. Obviously, the problem with batch voting like this is that everyone is likely to agree to and be benefited by some portion of it, yet other terms and conditions will not be favorable. This means that people will focus on what they win, ignoring the slew of losses.
Bundling trash with treasure is a common practice, like with bundling bad debt with good to increase its rating and attractiveness. The thing is in this case is that many people's trash is a few people's treasure.* I would suspect that a lot of what got pushed through doesn't benefit the average American at all and is just another way to concentrate the wealth into the hands of the minority. It seems to be a game for them to see how far they can push the limits before they are called out on it. After all, it is called the;
Consolidated Appropriations Act
Consolidate
to bring together (separate parts) into a single or unified whole; unite; combine:
Appropriation
the act of appropriating or taking possession of something, often without permission or consent.
Act
the process of doing
Remember that congress voted on this, not the American people. The majority of the money earmarked for distribution will end up in the hands of the "average American" who is likely to own a racehorse. Would the real average American agree to the litany of nonsense that is bundled with their 600 dollars? It is not only an act of doing, it is also an act that it has been passed to bring relief. The relief (if any) is like when after 12 hours of sustained torture, the torturer says, "I will go grab a coffee and be back in 10 minutes"
But, the average American probably would, as like the average person around the world anywhere, we don't know much about the way money works and we have very low visibility on the real creation and flow of it. "Inflation" is a term that most don't really understand, as most think it is because things get more expensive, not that the purchasing power of their fiat unit is decreasing due to increased supply that dilutes value. Things like debt creation through loans increases the inflation rate, as it creates and injects (fractional reserve lending) cash into the market place, increasing demand, which both drives prices up while simultaneously diluting the value of each unit in the money supply.
But, yeah - as long as people are happy with the little bit of cash that many will use to buy from and increase the profits of the people who were probably given tax breaks and incentives in the same "act", all is swell.
I suspect, most of congress will never read what they voted yes on, other than the bits that made them gains.
Taraz
[ Gen1: Hive ]
