Topic category: Money, Stocks, Bonds & Precious Metals
No such thing as Windfall Profits, inflation or paper "money".
Biden resurrects 1970's windfall profit scam
Windfall profits don't exist. They only seem to exist because inflation (equalization of prices to the reduction of the Dollar note internal debt amount) is not factored in. For example congress spends 5 trillion dollars they don't have. Let's say the total dollars in circulation is also 5 trillion. To pay for the 5 trillion the government "borrows" 5 trillion dollar notes they print up (or electronic). Once released into circulation there are twice as many IOU's for the same amount of goods and services. Each IOU is now reduced in value by 50%. Something that cost one dollar now costs two dollars for the same goods or service. The price went up but other than that nothing changes except you lose half the value of your wealth.
Oil companies do not make windfall profits. Their profits seem to double but the IOU dollars are worth half what they were before the government spent the new IOU's. Remember that the government spent the 5 trillion at the old value of the IOU's before prices equalize.
Lawrence Rosner
The Society Project (Founder)
Biography - Lawrence Rosner
Lawrence spent his career solving the problems of major businesses. He created software, business processes and systems that save millions of dollars a year and make people’s work life easier and more productive. He was a founding partner in a company which is instrumental in streamlining the practice of medicine and helping both patients and Doctors cope with the problems created by government health care.
During an assignment on the 98th floor of the WTC in 1993, he experienced first hand Islamic Terrorists' nearly successful attempt to take down the WTC. He and tens of thousands of others were trapped in the building in darkness and choking smoke.
After the government’s whitewashing denial of the root cause of the bombing - the evil built into Islam, the deepening confusion of American values, the negative end results of unnecessary and even immoral government intervention, the deterioration of the US economy and widespread systemic government corruption and unchecked power, he founded The Society Project to provide a blueprint for restoring our unique government Of the People, not Above the people, as it has become.
The Society project is dedicated to restoring the Constitutional Republic of the United States by educating, motivating and facilitating people to act to repair our society, through the Amendment process, before our society becomes another of the world’s failures.