Nice but I can't keep up with that guy - he's rapping way too quickly!
↓The words↓
Are you confused about the economy? Well have no fear!
I'm going to explain the American economy right now!
The dollar? Just think of it like a promise from the government
But the value of the dollar has to be there to be relevant
The value of the dollar comes from China and Iran
When they put their cash reserves in a U.S. dollar plan
They buy treasury bonds from The Federal Reserve
We say "we owe you extra money cause you gave us some of yours"
That's a big part of the National Debt
All the interest that we haven't paid to China quite yet
And a hundred other countries cause we're such a good investment
The whole world gives us money we say "Hey, we'll pay you interest!"
This is how money is created from air
Bank bailouts, federal budgets? Money isn't really there!
It's an "I Owe You." Remember, dollars are a promise!
When you borrow from a bank it's not from other depositors
The money for your loan gets created on the spot
Then they put it in your name, gamble on your life and body
But if you lose your job then you were a bad bet
If a million lose their jobs then we have a recession
Here's the dirty secret: your labor's too expensive
Wall Street wants you spending money but they never want to pay you
In your life cash and credit they are very different things
But your credit's someone else's cash once it leaves your name
This is why money is debt and your debt is good for Wall Street prosperity
And economic growth since the 1970s
Is consumers getting credit without wages increasing
So when they talk about the housing crisis
They never say we need to lower housing prices
We need better devices to afford high prices
Meaning higher debt lower interest cause you're underpaid to begin with
That's the cycle we're in
We don't understand
So all we can do is question
Mama economy make me understand
All the numbers why Daddy's on a welfare plan
Turning thirty forty fifty gotta move in with my parents
And the stocks go up but the jobs disappear
Mama economy make me understand
All the numbers why Daddy's on a welfare plan
Turning thirty forty fifty gotta move in with my parents
And the stocks go up but the jobs disappear
Because wages barely grew for 40 years
When you buy stuff they delay the cost of ownership
You can't afford it so they make it to depend
On endless small transactions which is like renting
You pay more for printer ink than you do for gold
And more for bottled water than you do for oil
Razor blades are made to oxidate So you're forever in debt to them just to shave
It's a type of socialism called market socialism
The best designed product meets a need and doesn't last
We subsidize waste with landfills
And holidays like Earth Day teaching kids: Recycle please
But kids don't learn in school we live one worldview
Neoliberal economics in all of their politics
They don't ask why corporations are human citizens
Or why grandma pays more taxes cause she lacks stock dividends
Or why private bankers print the public money
Or why democracy is broken cause their leaders won't be cutting
Loopholes and subsidies for constituent industries
Putting legislative bodies in a deep freeze
So the doctorates and the general education degrees
Cry with Ayn Rand down at the temp agency
Saying "we believed in meritocracy"
But there's more to the story: answer me!
Mama economy make me understand
All the numbers why Daddy's on a welfare plan
Turning thirty forty fifty gotta move in with my parents
And the stocks go up but the jobs disappear
Mama economy make me understand
All the numbers why Daddy's on a welfare plan
Turning thirty forty fifty gotta move in with my parents
And the stocks go up but the jobs disappear
Mama economy make me understand
All the numbers why Daddy's on a welfare plan
Turning thirty forty fifty gotta move in with my parents
And the stocks go up but the jobs disappear
edit: "Cry with Ayn Rand down at the temp agency" <- my favourite line
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