>>514999935
>no actual value
That's a downstream symptom of the post-1970s Financialized global economy and particularly the west which has had its manufacturing capacity assets offshored by neoliberal policies over decades, to the point where the U.S. economy (<-for mere example) is now a service economy, in addition to the post-1990s "tech" <--bullshit misnomer focus (anyone remember the dot com hype, AI = similar), the post-2008 iPhone-ization of the internet etc.
Financialization has removed price discovery mechanism from all capital markets and disconnected product from value. And our global (fueled by top billionaire elites that have captured most govs) obssession with "muh tech" <--that is worthless except to accelerate Financialization overall, as this post-2022 AI hype has done for the seven major "tech"bro brands that dominate the S&P500 (<--which itself is overvalued ×8 overall)
We live in an economic simulacrum

Economics is a dead 'science' (actually a social science)
the post-1970s global economy is Financialized, owned and run by central banks. Speculative debt instruments create all the world's wealth
No economic theories of any name/category/'schools' have any relevance whatsoever. At all

Learn what money is, how it is created
That's it, that's all

The Money Deluge
https://www.youtube.com/watch?v=t6m49vNjEGs

97% Owned — How is money created
https://www.youtube.com/watch?v=XcGh1Dex4Yo

>>513809875
>5 pbtid "I've read your bullshit"
Lol (You) have **ABSOLUTELY NO IDEA** what the fuck (You) are posting itt
None
Midwit.

>"assets side"
What are the "assets"?
Specifically define and list them.

Nothing matters, no "assets" exist.
Global debt topped $255 trillion in 22019 and $307 trillion in 2023, more than three times the amount of all global economic output. Total debt levels and deficit spending of the past 30 years has eclipsed that of the past few centuries of western civilization, and absurdly low and negative interest rate borrowing costs have incentivized national governments to no longer borrow on the expectation that they will repay, but rather the expectation that they will refinance.

The post-1970s global economy is Financialized, all the world's generated wealth today in 21st century is from speculative debt instruments (<--none of which existed in human history prior to the 1980s; derivatives, CDOs, mortgage backed securities, credit default swaps) and most of it is entirely walled off and segregated from the Real Economy of goods-services-commodities in hidden coffers such as for example the global eurodollar network of time dependent deposits.
Entire system is sustained (especially since 2008 after 'capitalism' died permanently and went to heaven) by infinite deluges of debt note fiat currency from private central banks that keep the black box Financialized gigacasino afloat
As was done in mid-2019 to keep the overnight repo collapse from imploding the global investment banks and a credit freeze (<--what would have occurred 2008 had not that bailout been done)
https://www.youtube.com/watch?v=XMkq75L5n_k
Magically though, in Jan 2020 along came covid/never-before-in-human-history global lockdown and with it another $12T in liquidity for the investment banks Financialized black box gigacasino
We are still rn in the six-year collapse that began mid-2019 except global debt has increased by one-third magnitude

>>513489869
Sanders became irrelevant—in the world of politics, and the world of reality itself—after June 2016.
Anyone still mentioning his name after the year 2016 is a moron

Also see picrel above.
There is no more 20th century paradigm of 'muh socialism' and 'muh rich vs. poor'. <--That is forever dead ancient history. (All future rule of The State will be authoritarian technocracy 100% backed by the banks)

The post-1970s global economy is Financialized, *exclusively and only* about making money from money. The Real Economy of goods-services-commodities in which 99.999% of us all subsist is *external to* and totally segregated, walled off from the Financialized speculative debt instrument gigacasino and we are its slaves, through endless supplies of debt note fiat currency "printed" into existence on the backs of all sovereign citizens from central banks. The Financialized gigacasino of speculative debt instruments is where **********ALL********** of the world's wealth is generated held and concentrated.


>"The real money to be made in the world today is not by producing anything at all. It's simply by forms of speculating — basically making money from money. That's the most profitable, and by far and away the biggest form of economic activity that exists in the world today."
— Nick Dearden (quoted in the film '97% Owned')


The Money Deluge (42 mins. documentary)
https://www.youtube.com/watch?v=t6m49vNjEGs

97% Owned — How is money created
https://www.youtube.com/watch?v=XcGh1Dex4Yo

>>513260120
>>513259044
>>513260169
>free market
>"capitalism"
the post-1970s global economy is Financialized.
"capitalism" died and went to heaven permanently in 2008, after that all HNW entities, corporations, sovereign governments, banks, hedge funds are totally dependent on endless supplies of debt note fiat currency from private central banks to keep from instantly imploding.
Whatever this post-2008 global economy is, it is not "capitalism" when continual infinite QE bailouts are provided to the top of the chain asset markets and entities 24-7 as they are now.
2007-08, if that bailout had not occurred to investment banks a global credit freeze and instant Mad Max would have been the result.


The global economy August 2025 is in the same plummeting collapse that it was in August 2019, when the global investment banks were unable to cover their overnight repo payments. More than $1T in bailouts were provided Sept-Dec 2019 even Elizabeth Warren was on Capitol Hill "wtF is going on here"
https://www.youtube.com/watch?v=XMkq75L5n_k
Without these bailouts in late 2019, same result as 2007-08: instant Mad Max
Magically though in Jan 2020 along came covid, a global never-before-in-human-history lockdown and another $12T in liquidity for the investment banks to continue their black box gigacasino of speculative debt instruments.


The Money Deluge
https://www.youtube.com/watch?v=t6m49vNjEGs

97% Owned — How is money created
https://www.youtube.com/watch?v=XcGh1Dex4Yo

>>513090341
>entire economy is bullshit
the post-1970s global economy is Financialized.
Financialization is exclusively about making money from money (the Real Economy of goods-services-commodities, might as well not even exist) using speculative debt instruments most of which never existed prior to the 1980s such as CDOs, credit default swaps, derivatives, mortgage backed securities all of which are acquired and manipulated in a gigantic black box casino of the global investment banks. This is where all of the world's wealth in the 21st century is generated and held by the top HNW entities, totally segregated from the Real Economy.
Financialization of the global economy began during the 1980s and was officially inaugurated with the 1999 repeal of Glass-Steagall. Also the neoliberal offshoring of western manufacturing productive capacity began in 1980s under Thatcher-Reagan and accelerated under Clinton, which in addition to Financialization has impoverished the lower and middle class of the west entirely. (Hence, the rise in populist politics after 2010)

>"The real money to be made in the world today is not by producing anything at all. It's simply by forms of speculating — basically making money from money. That's the most profitable, and by far and away the biggest form of economic activity that exists in the world today."
— Nick Dearden (quoted in the documentary film '97% Owned')

Because post-1970s Financialization of the global economy is a complex topic which, along with central banks, cannot be easily conveyed or taught to most normies and furthermore especially since the 1990s has made conventional politics philosophies and ideological silos e.g. "leftism" and "rightist" obsolete. There is only the top HNW elite ruling class and the lower 99+% masses

97% Owned — How is money created
https://www.youtube.com/watch?v=XcGh1Dex4Yo

>>512736434
>the world is out of ideas
Western culture has been on re-gurgitate / re-cycle culturally, and (mostly, except for mid-90s appearance of the internet) technologically since the mid-1970s after which the peak of cheap energy oil access and post-1970s Financialization of the global economy—in tandem parallel with Thatcher-Reagan neoliberal offshoring of the west's manufacturing productive capacity infrastructure and assets—began ramping up, by 1999 Phase 1 of global Financialization was complete with repeal of Glass-Steagall after which the investment banks officially became black box gigacasinos for speculative debt instruments.
We still have basically (except for WiFi) the same cars and aircraft and homes that were build half a century ago.

Western culture has been dead for fifty years but nobody wants to 'admit' it because they're too obsessed hypnotized dumbed-down with muh smartphone and OnlyFans waaAAAoow we did it reddit (all of <---this has become the 2020s equivalent of what TV was in the 70s if you were there you'd know EXACTOFUCKINGABSOLUTELY what I'm referring to)

anons will scroll past this and go back to their favorite gamblinggamerOFstream meme-shitposting but it's the only truth on this site, today

>>512508955
>in control of
checked,
anon the global eurodollar accounts network is—nominally—'regulated' and overseen by Libor
Remember these are time-dependent, they only exist for a limited interval and then are liquidated/moved/transformed elsewhere

Here's another (shorter) documentary:

The Money Deluge
https://www.youtube.com/watch?v=t6m49vNjEGs

post-1970s Financialization of the global economy has many facets, from central banks (with sovereign treasuries doing the "moneyprinting"), unlimited QE, access to 'free money' by HNW entities via the Cantillon effect, endless gov spending of money they don't have (which increases inflation and devalues their own sovereign currency) etc.

the post-1970s Financialized global economy's wealth consists mostly of speculative debt instruments (the "630 trillion"...), not actual cash

>>511052287
the primary economic foundation is poat-1970s Financialization of the global economy. And, after the 2008 collapse (none of its causes were 'fixed' or repaired) "capitalism" is dead buried and gone to heaven permanently. Since the year 2008, all HNW entities, corporations, governments are totally and permanently dependent on endless supplies of debt note fiat currency from central banks.
Whatever this post-2008 condition and global system is, it is not "capitalism"

https://www.youtube.com/watch?v=t6m49vNjEGs

Skids for this were greased during Thatcher-Reagan neoliberalism (offshoring of productive capital assets) and turning Wall Street/City of London into gigacasinos, which was given final phase 1 implementation in 1999 with repeal of Glass-Steagall

>>510592559
>not about the money
No, because it's about the global post-1970s Financialized economic system. Which is totally founded upon debt and speculative debt instruments. After the 1980s global investment banks became casinos (and Epstein had a front-seat role in enabling that)

The Money Deluge
https://www.youtube.com/watch?v=t6m49vNjEGs

Except none of that is the reason industrial society is unstable or on brink of collapse.
(the social/cultural rot is just a symptom of decay)
The real threat is what TK, and some others such as Ellul theorizing along the same lines, failed to fully analyze or account for:
Central banks and post-1970s Financialization of the global economy.

Yes many malthusian / limits to growth theorists had predictions about industrial society and did, correctly, take into account the banking system broadly and its creation of debt.
What they *failed* to account for was the 1980s-and-later dependence of the entire system on speculative debt instruments and infinite issuance of debt note fiat currency by central banks, which is what permits the billionaire class to even exist.
After 2008, 'capitalism' no longer exists. The Real Economy of goods-services-commodities, is today entirely segregated from the vast majority of the world's held wealth in a black box gigacasino of speculative debt instruments.

Global debt market July 2025 is on brink of collapse. No one wants to buy the debt

>>509625460
>memeflag 2 pbtid
>"late stage capitalism"
Read my other posts ^^^upthread.
'Capitalism'<-- ended, died and permanently went to heaven in year 2008. After that all HNW entities, corporations, asset markets, sovereign governments are totally dependent upon endless supplies of debt note fiat currency from private central banks to keep from instantly imploding.

post-1970s Financialization of the global economy has now entered an endgame phase, in which the tandem gigaexpansion of fiscal(gov spending) and monetary(central bank+treasury "moneyprinting") policies can not continue. Interest Payments alone on the debt now outstrip discretionary spending.

>>507867740
>under Reagan
yes the Thatcher-Reagan era ushered in not only neoliberal offshoring of the west's durable goods manufacturing capacity but even more crucially the post-1970s Financialization of the global economy. New, never-before-existed-in-human-history speculative debt instruments such as CDOs, derivatives, credit default swaps, options and other financial confections were created and allowed to exist in the investment bank gigacasino which took place over a decade and were officially formalized with the 1999 repeal of Glass-Steagall.

See my post above. The global economy consists of fiscal(gov spending) and monetary(treasury+central bank "moneyprinting") by *whatever governments* in aggregate around the world. The United States, its spending is a prime focus because USD is the world's default reserve currency denomination, the unit of debt note fiat currency that the entire world relies upon and more than 95 percent of all global transactions—the large HNW ones such as sovereign debt payments, corporate mergers—are completed in.
Post-1970s Financialization of the global economy meant that national governments are incentivized to no longer borrow on the expectation that they will repay, but rather the expectation that they will refinance. This applies to *all* governments/treasuries not merely the United States. Unearned income has become the primary method by which the global economy's top elites, using speculative debt instruments and debt note fiat currencies, are creating wealth and increasing GDP (which is less and less comprised of actual goods/services while more and more comprisd of Financialized debt + speculative instruments). Global debt topped $255 trillion in 2019 and $307 trillion in 2023, more than three times the amount of all global economic output, and total debt levels + deficit spending of past 30 years has eclipsed that of the past few centuries of western civilization.

https://en.wikipedia.org/wiki/Financialization

His writings don't adequately account for the massive force and influence of post-1970s Financialization of the global economy. Yes obviously for a century and after central banks established debt note fiat currency which eventually became worldwide standard for economic transaction and investment, the debt-to-GDP ratio of the world's nations began to exponentially increase. TK and other malthusian/population scientists and writers make note of this.
What he didn't account for was the giga-exponential increase in all of this debt after the 1970s and how it propelled not only economic development but also degradation of the Real Economy of goods-services-commodities in the industrial society, while the banks and Financialized elites .
Now we have a situation—correctly warned against and forecast by TK, others—where a technocracy is in charge of the direction of not only global economic development but the amount of capital shoveled into 'industries' such as "tech" overall, which do not measurably benefit or result in augmentation of the Real Economy of goods-services-commodities. Take for example the current AI hype, it is being forecast that we "need to build nuclear power plants" in order to supply the vast computing power necessary to expand AI (and 'stay competitive' etc.) All of this AI expansion is top-of-the-gigabubble Financialized speculative debt instruments, which are being leveraged to drive this illusory expansion for things that won't even benefit society overall, yet vast amounts of debt capital will be bulldozed into it.
Now, in the 2020s this new pairing of Financialized debt instruments and completely-separate from Real Economy AI, all steered by a technocratic elite, is driving industrial society over a cliff.
Debt (bond) market globally will be the final arbiter of all this.