Discipline of economics no longer has any meaning after the 1970s and Financialization of the global economy (with speculative debt instruments)
Price / earnings, wages, GDP, supply /demand none of it has any relevance at all any more. Meaningless
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>>723397774
>It isn't fair. Why can these asshats just make terrible games for over 2 decades, making worse and worse decisions as they go along, barely putting in any effort, but it sells anyways because le cute animals and trading cards and plushies.
The answer has to do with our current financial environment. Instead of going into big detail of how it is affecting everything, I'm going to give you a simple answer because the answer is technically simple.
Too much fake money wasted on zombie companies. Nintendo is one of them. Because of this, everyone else is dirt poor and depressed. So they buy these games to fulfill what they don't have in life. Prosperity. To them, buying the latest Pokemon game is just a way to fill the void of their miserable lives. Welcome to globalism (which is just communism under another name).
>It isn't fair. Why can these asshats just make terrible games for over 2 decades, making worse and worse decisions as they go along, barely putting in any effort, but it sells anyways because le cute animals and trading cards and plushies.
The answer has to do with our current financial environment. Instead of going into big detail of how it is affecting everything, I'm going to give you a simple answer because the answer is technically simple.
Too much fake money wasted on zombie companies. Nintendo is one of them. Because of this, everyone else is dirt poor and depressed. So they buy these games to fulfill what they don't have in life. Prosperity. To them, buying the latest Pokemon game is just a way to fill the void of their miserable lives. Welcome to globalism (which is just communism under another name).
>>518819596
>>518820492
>gambling
that is (not merely or solely crypto) post-1970s Financialization of the global economy
in its entirety
*All of it* = leveraged speculation with debt instruments.
That is your 'growth'
That is your gee dee pee
>all you have to do is win
The house aka Global Debt (bond) Market always wins, in a system that has debt note fiat currency as its bloodstream and is dependent upon a single default reserve denomination, USD
>>518820492
>gambling
that is (not merely or solely crypto) post-1970s Financialization of the global economy
in its entirety
*All of it* = leveraged speculation with debt instruments.
That is your 'growth'
That is your gee dee pee
>all you have to do is win
The house aka Global Debt (bond) Market always wins, in a system that has debt note fiat currency as its bloodstream and is dependent upon a single default reserve denomination, USD
>>514183997
Yes that is but one (1) major difference.
There are many others, most of which have to do with magnitude of financial capital and its role in HNW transactions. And of course (as already explained above) USD's central role in all global economic interactions and transactions, along with falling confidence in the dollar overall, let alone the confidence in global debt market which is required for a global debt-founded economic model.
Most of the world's 21st century wealth isn't stored or held in the Real Economy of goods-services-commodities (<---which it was 100 years ago).
The post-1970s Financialized global economy generates its wealth from myriad speculative debt instruments, and most of that is totally segregated from the Real Economy of goods-services-commodities <--that we sustain ourselves from
The Money Deluge
https://www.youtube.com/watch?v=t6m49vNjEGs
97% Owned — How is money created
https://www.youtube.com/watch?v=XcGh1Dex4Yo
>"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 '97% Owned'
Yes that is but one (1) major difference.
There are many others, most of which have to do with magnitude of financial capital and its role in HNW transactions. And of course (as already explained above) USD's central role in all global economic interactions and transactions, along with falling confidence in the dollar overall, let alone the confidence in global debt market which is required for a global debt-founded economic model.
Most of the world's 21st century wealth isn't stored or held in the Real Economy of goods-services-commodities (<---which it was 100 years ago).
The post-1970s Financialized global economy generates its wealth from myriad speculative debt instruments, and most of that is totally segregated from the Real Economy of goods-services-commodities <--that we sustain ourselves from
The Money Deluge
https://www.youtube.com/watch?v=t6m49vNjEGs
97% Owned — How is money created
https://www.youtube.com/watch?v=XcGh1Dex4Yo
>"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 '97% Owned'
>>513600960
One of the best brief quotes from the outstanding DW documentary 'The Money Deluge' is a man-on-street clip from an older gentleman in Zurich:
>"I'm a former banker, now retired. I can't say that with pride anymore. They're casinos now."
The Money Deluge <----*must* watch, 42 mins
https://www.youtube.com/watch?v=t6m49vNjEGs
One of the best brief quotes from the outstanding DW documentary 'The Money Deluge' is a man-on-street clip from an older gentleman in Zurich:
>"I'm a former banker, now retired. I can't say that with pride anymore. They're casinos now."
The Money Deluge <----*must* watch, 42 mins
https://www.youtube.com/watch?v=t6m49vNjEGs
>>513263206 memeflag
>>513263324
>>513264144
>>513266691
>>513266998
>>513267168
>>513267334
>>513267528
>derivatives
We have a thread here : >>513259044
>>513259044
>THE FREE MARKET IS A MEME
>>513263324
>>513264144
>>513266691
>>513266998
>>513267168
>>513267334
>>513267528
>derivatives
We have a thread here : >>513259044
>>513259044
>THE FREE MARKET IS A MEME
She's correct (and in western countries it's why we have food banks and thrift stores/garage sales etc.), but what she doesn't comprehend is that the Real Economy of goods-services-commodities in which we all subsist is totally segregated and walled off from the post-1970s Financialized global economy in which all of the world's wealth is held (by the top HNW entities she kvetches about at the end)
everyone on /pol/ is just as dumb clueless and uninformed/unaware as OP she is
everyone on /pol/ is just as dumb clueless and uninformed/unaware as OP she is
>"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 '97% Owned' documentary ^^^^^watch it, upthread)
post-1970s Financialization of the global economy is all about speculative debt instruments.
Remember also, that the 1980s ascendance and permission of Financialization (capstoned in 1999 repeal of Glass-Steagall, when global investment banks officially became gigacasinos) was paralleled by the west implementing neoliberal offshoring during Thatcher-Reagan era (and continued-turbocharged under Clinton) of its own manufacturing productive capacity to undeveloped nations, which shows that the top HNW entities had deliberate plans to shift capital aggregation towards Financialized, non-Real Economy assets and speculative debt instruments.
— Nick Dearden (quoted in '97% Owned' documentary ^^^^^watch it, upthread)
post-1970s Financialization of the global economy is all about speculative debt instruments.
Remember also, that the 1980s ascendance and permission of Financialization (capstoned in 1999 repeal of Glass-Steagall, when global investment banks officially became gigacasinos) was paralleled by the west implementing neoliberal offshoring during Thatcher-Reagan era (and continued-turbocharged under Clinton) of its own manufacturing productive capacity to undeveloped nations, which shows that the top HNW entities had deliberate plans to shift capital aggregation towards Financialized, non-Real Economy assets and speculative debt instruments.
>>512772073
somehow missed picrel
somehow missed picrel
>>512155014
>>512162609
the post-1970s global economy is Financialized.
(and as noted above, 'capitalism' no longer exists after 2008) No 'libertarian' or even Austrian/M. Friedman theories of global economics have relevance any more
Financialization of the global economy began under the neoliberal offshoring of western manufacturing productive assets under Thatcher-Reagan, which concomitantly introduced never-before-existed-in-history speculative debt instruments to wide use across the investment banks of Wall Street and City of London/globally, such as CDOs, credit default swaps, derivatives, mortgage-backed securities etc.
It is an "economy" based *entirely and solely* on making money off of money, this is how the vast majority of the world's wealth is generated today: not from price discovery mechanism (<--which has been eradicated) or anything in the Real Economy of goods-services-commodities (that might as well not even exist to HNW entities and individuals that have Cantillon effect first-access to giga-tranches of debt note fiat currency QE from central banks to shovel into their black box gigacasino entirely walled off from the Real Economy, or stock buybacks)
The Money Deluge
https://www.youtube.com/watch?v=t6m49vNjEGs
97% Owned — How is money created
https://www.youtube.com/watch?v=XcGh1Dex4Yo
>"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 from '97% Owned' documentary)
>>512162609
the post-1970s global economy is Financialized.
(and as noted above, 'capitalism' no longer exists after 2008) No 'libertarian' or even Austrian/M. Friedman theories of global economics have relevance any more
Financialization of the global economy began under the neoliberal offshoring of western manufacturing productive assets under Thatcher-Reagan, which concomitantly introduced never-before-existed-in-history speculative debt instruments to wide use across the investment banks of Wall Street and City of London/globally, such as CDOs, credit default swaps, derivatives, mortgage-backed securities etc.
It is an "economy" based *entirely and solely* on making money off of money, this is how the vast majority of the world's wealth is generated today: not from price discovery mechanism (<--which has been eradicated) or anything in the Real Economy of goods-services-commodities (that might as well not even exist to HNW entities and individuals that have Cantillon effect first-access to giga-tranches of debt note fiat currency QE from central banks to shovel into their black box gigacasino entirely walled off from the Real Economy, or stock buybacks)
The Money Deluge
https://www.youtube.com/watch?v=t6m49vNjEGs
97% Owned — How is money created
https://www.youtube.com/watch?v=XcGh1Dex4Yo
>"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 from '97% Owned' documentary)
>>511101478
post-1970s Financialization of the global economy, along with introduction of many of its key mechanical components CDOs, credit default swaps, derivatives, mortgage backed securities etc.
began long prior to the 1999 repeal of Glass-Steagall, <--which functioned as the official capstone of phase 1 of Financialization of the global economy
(and no, not 'every' problem "started with Obama" but he presided over the 2008 bailouts and ever since year 2008, 'capitalism' no longer exists: All HNW entities, corporations, sovereign governments since that time are totally dependent on endless supplies of debt note fiat currency from private central banks)
post-1970s Financialization of the global economy, along with introduction of many of its key mechanical components CDOs, credit default swaps, derivatives, mortgage backed securities etc.
began long prior to the 1999 repeal of Glass-Steagall, <--which functioned as the official capstone of phase 1 of Financialization of the global economy
(and no, not 'every' problem "started with Obama" but he presided over the 2008 bailouts and ever since year 2008, 'capitalism' no longer exists: All HNW entities, corporations, sovereign governments since that time are totally dependent on endless supplies of debt note fiat currency from private central banks)
>>510689023
That's the reason #1, then reason #2 is picrel.
As in during the 1970s the financial markets started to get deregulated, but the most sweeping ones happened when Reagan got into office and had his jewish hollywood buddies whisper into his ear, how "everyone is going to get rich if you just deregulate everything" plus massive tax cuts for the rich and capital gains, moving the tax burden from the corporations and capital gains, to labor.
And since where corporations are headquartered and investment goes is a race to the bottom, Thatcher did the same deregulations and tax cuts in UK, and then the rest of the White world had to follow too.
And really we've been on that same road ever since, it was a bell that cannot be unrung.
Because the righties that say "if you make corporate taxes and taxes for rich high, the corp will just move to another country" are correct.
It worked when simultaneously the whole White world had high taxes on corporations and rich, and low taxes on labor and the middle-class and poor.
But when Reagan flipped it, everyone had to follow.
And now we are in situation that if one country suddenly taxes their corps and rich, they'll shoot themselves into the foot. The only way to reverse this and go back to how it was, would be for the whole White world to simultaneously get into an agreement that everyone raises the corp tax and taxes to rich while lowering them for the normies
That's the reason #1, then reason #2 is picrel.
As in during the 1970s the financial markets started to get deregulated, but the most sweeping ones happened when Reagan got into office and had his jewish hollywood buddies whisper into his ear, how "everyone is going to get rich if you just deregulate everything" plus massive tax cuts for the rich and capital gains, moving the tax burden from the corporations and capital gains, to labor.
And since where corporations are headquartered and investment goes is a race to the bottom, Thatcher did the same deregulations and tax cuts in UK, and then the rest of the White world had to follow too.
And really we've been on that same road ever since, it was a bell that cannot be unrung.
Because the righties that say "if you make corporate taxes and taxes for rich high, the corp will just move to another country" are correct.
It worked when simultaneously the whole White world had high taxes on corporations and rich, and low taxes on labor and the middle-class and poor.
But when Reagan flipped it, everyone had to follow.
And now we are in situation that if one country suddenly taxes their corps and rich, they'll shoot themselves into the foot. The only way to reverse this and go back to how it was, would be for the whole White world to simultaneously get into an agreement that everyone raises the corp tax and taxes to rich while lowering them for the normies
>>510568384
>intentional
Here is my analysis:
the overall 30,000 ft view of 1980s-2000s global Financialization of the global economy is that many factors led us to this point.
But in the case of U.S. based Wall Street investment banks, I think ? that Epstein's role may have been to have the shakeout and result of the 2007-08 collapse end up with the demise of Bear Stearns (who he previously worked for) and Lehman, so that power would be consolidated with JP and GS as the two main investment banks of Wall Street.
I'm thinking this is the key to understanding what Epstein's role is, in the past 2 decades financial history of Wall Street and the U.S. economy.
>intentional
Here is my analysis:
the overall 30,000 ft view of 1980s-2000s global Financialization of the global economy is that many factors led us to this point.
But in the case of U.S. based Wall Street investment banks, I think ? that Epstein's role may have been to have the shakeout and result of the 2007-08 collapse end up with the demise of Bear Stearns (who he previously worked for) and Lehman, so that power would be consolidated with JP and GS as the two main investment banks of Wall Street.
I'm thinking this is the key to understanding what Epstein's role is, in the past 2 decades financial history of Wall Street and the U.S. economy.
>>510516409
>>510516439
>>510516585
>>510516619
Epstein wasn't "*the* catalyst" but he and the investment banks he pal-ed around with *are* culpable in the post-1980s debt expansion that, overall, brought on overall conditions leading to the 2000 dot com collapse (followed by six years of 9/11 global wars) and then the mortgage speculative debt instrument crisis 2006-7
All of this is part of post-1970s Financialization of the global economy, most of this wealth is squirreled away in hidden eurodollar network of time-dependent deposits
>>510516439
>>510516585
>>510516619
Epstein wasn't "*the* catalyst" but he and the investment banks he pal-ed around with *are* culpable in the post-1980s debt expansion that, overall, brought on overall conditions leading to the 2000 dot com collapse (followed by six years of 9/11 global wars) and then the mortgage speculative debt instrument crisis 2006-7
All of this is part of post-1970s Financialization of the global economy, most of this wealth is squirreled away in hidden eurodollar network of time-dependent deposits
>>509586699
>they have an economy even faker than America’s and mostly survive off tourism and welfare from Brussels.
kek what a delusion
america's economy is mostly based off USD being the reserve currency and hence massively overvalued
with the amount of printing you're doing, if USD were to lose its reserve currency status you'd have zimbabwe levels of inflation overnight
the amount you're printing and giving money to jews and niggers, you are able to export most of your inflation due to being the reserve currency, most of international transactions being settled in USD gives it fake demand not backed up by any exports like everywhere else.
USA economy is BY FAR the most fake in the entire world and nothing else comes even close
In fact USA economy being fake is what all the tariff bullshit is try to fix but that is like putting a plaster bandage on a .50 cal wound
>they have an economy even faker than America’s and mostly survive off tourism and welfare from Brussels.
kek what a delusion
america's economy is mostly based off USD being the reserve currency and hence massively overvalued
with the amount of printing you're doing, if USD were to lose its reserve currency status you'd have zimbabwe levels of inflation overnight
the amount you're printing and giving money to jews and niggers, you are able to export most of your inflation due to being the reserve currency, most of international transactions being settled in USD gives it fake demand not backed up by any exports like everywhere else.
USA economy is BY FAR the most fake in the entire world and nothing else comes even close
In fact USA economy being fake is what all the tariff bullshit is try to fix but that is like putting a plaster bandage on a .50 cal wound
>>509554829
>worlds biggest ponzi scheme.
yes.
but also everything kinda is. capitalism is extremely fake too.
national socialism is the rational monetary system but it was killed by the golems
>worlds biggest ponzi scheme.
yes.
but also everything kinda is. capitalism is extremely fake too.
national socialism is the rational monetary system but it was killed by the golems
1980 (as OP graph clearly shows) is when Financialization of the global economy began.
Speculative debt based instruments which never existed before, became the standard on wall street and in banking: credit default swaps, options, CDOs, derivatives, MBSs
Financialization is about making money off of money: Nothing else
The first phase of Financialization of the global economy became official with the 1999 repeal of Glass-Steagall, making the global investment banks into casinos.
The Money Deluge — must-watch 40 mins documentary
https://www.youtube.com/watch?v=t6m49vNjEGs
https://en.wikipedia.org/wiki/Financialization
Speculative debt based instruments which never existed before, became the standard on wall street and in banking: credit default swaps, options, CDOs, derivatives, MBSs
Financialization is about making money off of money: Nothing else
The first phase of Financialization of the global economy became official with the 1999 repeal of Glass-Steagall, making the global investment banks into casinos.
The Money Deluge — must-watch 40 mins documentary
https://www.youtube.com/watch?v=t6m49vNjEGs
https://en.wikipedia.org/wiki/Financialization
>>508283155
checked, what happened is that the 1990s where the completion of the first phase of Financialization of the global economy with speculative debt instruments
which began during the Thatcher-Reagan era 1980s
Phase One was completed in 1999 with repeal of Glass-Steagall
that officially threw the switch for global Wall St investment banks to become casinos
checked, what happened is that the 1990s where the completion of the first phase of Financialization of the global economy with speculative debt instruments
which began during the Thatcher-Reagan era 1980s
Phase One was completed in 1999 with repeal of Glass-Steagall
that officially threw the switch for global Wall St investment banks to become casinos
>>508048674
>political
??
Who said that except (You)?
Nothing in Marx bears any resemblance to post-1970s Financialization of the global economy nor does any of what he wrote or thought encapsulate or have relevance at all whatsoever.
Marx is absolutely irrelevant to today's world.
It's fine to read in historical context of the early-industrial 19th century.
Don't post on the internet, midwit
>political
??
Who said that except (You)?
Nothing in Marx bears any resemblance to post-1970s Financialization of the global economy nor does any of what he wrote or thought encapsulate or have relevance at all whatsoever.
Marx is absolutely irrelevant to today's world.
It's fine to read in historical context of the early-industrial 19th century.
Don't post on the internet, midwit
>>507089505
>inb4 the jews
Yep, it's them alright. The financialization of the economy that started during Reagan in USA and Thatcher in UK and then all the rest of White world being forced to follow, is what lead to the situation where USA's economy is 95+% financial instruments i.e. completely fake shit.
>inb4 the jews
Yep, it's them alright. The financialization of the economy that started during Reagan in USA and Thatcher in UK and then all the rest of White world being forced to follow, is what lead to the situation where USA's economy is 95+% financial instruments i.e. completely fake shit.