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Forum Post: Don't sell the farm today!

Posted 6 months ago on Jan. 15, 2020, 1:43 p.m. EST by agkaiser (2450) from Fredericksburg, TX
This content is user submitted and not an official statement

On January 10, 2020 the Dow crossed 29,000 for the first time. How long can it be before the latest flock of sheep are sheared. The fools think the stock market indicates the growth of the real economy. In fact, the trading that goes on there has little to do with real production by the corporations that issued the stock in the first place. Most financial [FIRE Sector] activity has no direct connection to the production and distribution of the material goods and service that are required to sustain our lives.

The FIRE Sector is a parasitic disease that threatens the survival of the human race. Most FIRE transactions do nothing to stimulate real economy. Think high speed trading, leveraged buyouts, asset looting and interest on loans. The thing they all have in common: they make money out of money. Ex Nihilo Nihil Fit! [You shouldn't need an explanation but for those who must be spoon fed: money is only a token that represents real goods and services. It is not a thing.]

Bottom line is: the phony Wall St economy must eventually self destruct. This has been known for a couple of hundred years or more. With the growth of abstract activity real economy diminishes. With less real production (producing actual goods and services that we can consume to sustain life rather than dependence on foreign imports) in America, I doubt we have very long before a catastrophic economic breakdown. This is a very bad time to sell the farm for cash.

Stock indexes do not indicate the well being of the economy. The FIRE sector [Wall St] is a parasite that sucks the blood of the real economy of production and consumption of MATERIAL goods and services. See the real measure of good economy:

https://www.theguardian.com/world/2019/may/14/new-zealands-world-first-wellbeing-budget-to-focus-on-poverty-and-mental-health

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[-] 1 points by agkaiser (2450) from Fredericksburg, TX 5 months ago

Nothing can be made from nothing. In the world of words, numbers and other abstractions, infinite growth is possible. In reality, the world of things, zero sum restraints always apply.

If ten people in a box have ten units of material things to support their lives and one unit each is required for survival, what happens if one person owns nine of them. Would that one be considered good if he loaned the necessary units to the others and charged them interest?

Where would the interest come from. It could be entered on the ledger but that is an abstraction; it's not a thing. If the things were represented by tokens, more tokens, like the marks in the books, could always be created and loaned out or otherwise distributed. But such additional abstractions could still represent only ten things. Right here and now, the world of real things is always a zero sum game.

Given the system by which things are acquired, we realize that if 90 more things are created, "The One" will end up owning at least 95 of them. That's the nature of business. Don't even try to deny it. So while there may be instances in which living conditions are better than elsewhere, there is presently nowhere that can be said to be working well for all ten of us.

[-] 1 points by ImNotMe (1488) 5 months ago

''IMF boss says global economy risks the return of The Great Depression'' - by Phillip Inman:

“Kristalina Georgieva compares today with 'roaring 1920s'" when people were sacrificed for profit!

radix omnium malorum est... ?

[-] 1 points by beautifulworld (23265) 5 months ago

Occupy Wall St beats the IMF head by 8 years.

https://www.theguardian.com/business/2020/jan/17/head-of-imf-says-global-economy-risks-return-of-great-depression

I mean really? Really? This is news? That the IMF has concluded that inequality is unsustainable?! Are you kidding me? Like, we the people, don't already know this? Haven't known this for years?

Honestly, we have fuckwits ruling the world.

Kristalina Georgieva, the head of the International Monetary Fund says:

“In the UK, for example, the top 10% now control nearly as much wealth as the bottom 50%. This situation is mirrored across much of the OECD (Organisation for Economic Co-operation and Development), where income and wealth inequality have reached, or are near, record highs.”

She added: “In some ways, this troubling trend is reminiscent of the early part of the 20th century – when the twin forces of technology and integration led to the first gilded age, the roaring 20s, and, ultimately, financial disaster.”

Occupy has been saying this stuff since 2011! Why weren't they listening? It's shameful of the establishment to make like this is just happening now and suddenly at levels that are bad for the economy.

The truth is they're going to let inequality extend as far as they possibly can while they bank the profits. They don't give a damn about the 99%.

[-] 1 points by ImNotMe (1488) 5 months ago

As WEF @ Davos 2020 takes place, note the IMF head again …

ad iudicium?

[-] 1 points by beautifulworld (23265) 5 months ago

Occupy Wall Street was right 8 years ago. If only they'd have listened then....

because inequality only gets worse and worse as nothing is done by our neoliberal masters.

"Income inequality in America is at its highest level in more than 50 years"

https://www.cbsnews.com/news/income-inequality-in-america-is-at-its-highest-level-in-more-than-50-years-census-report-today-shows/

"Social injustice is killing people on a grand scale" – WHO Commission on the Social Determinants of Health.

https://www.healthpovertyaction.org/how-poverty-is-created/power-and-politics/?gclid=EAIaIQobChMIgrHx65Gf5wIVCZ2zCh3mmgt-EAAYAiAAEgKs8_D_BwE

[-] 1 points by ImNotMe (1488) 5 months ago

IF "Income inequality in America is at its highest level in more than 50 years"

Then WTF are Americans scared of or waiting for?! Maybe, this here …

e tenebris, lux?

[-] 1 points by beautifulworld (23265) 5 months ago

People die from inequality. White middle aged men are dying twice as fast as they died 20 years ago and they're dying from "Deaths of Despair," drugs, alcohol and suicide.

https://www.brookings.edu/blog/brookings-now/2017/03/23/working-class-white-americans-are-now-dying-in-middle-age-at-faster-rates-than-minority-groups/

Despair is something we must and can turn into HOPE.

It's not immigrants or the poor causing this despair. It's inequality. The greed of the wealthy and corporations has ripped away the fabric of this society, the foundation that we used to stand on and now people are dying who should be thriving.

Bernie Sanders' platform gives us that hope. Get to work people!

[-] 1 points by ImNotMe (1488) 5 months ago

Consider: ''How 'White Identity' ... permeates policymaking outside of Washington'' ...

sub rosa?