15 May 2023 10:22 pm
2. Making money = creating wealth
Since the Jewish funded Chicago School of Economics began peddling neoliberal economics back in the 70s, there has been a deliberate conflation of making money and creating wealth.
Classical economics (a subject upon which self-proclaimed "classical liberals" like YouTuber Tim Pool are - not surprisingly - sorely deficient) separated the two but this distinction was lost over time. It was only recently resurrected by heterodox schools of economics that most people have never heard of.
There is an interesting phenomenon I have pointed out several times: there are trillions of dollars sloshing about in the economy yet the average person has trouble accessing small loans (unless it's used to pay for a house or car since those can be easily repossessed and sold either at break-even or even slight profit factoring in debt repayments).
Underneath the glamorous layer of polish lies the "fake" (unproductive) economy of flipping (or raiding) assets a la Mitt Romeny (Bain), derivatives, bundling home mortgages and selling them to investment firms and hedge funds, selling insurance policies that provide little to no real value, "carbon credits," etc.
(You can add "cryptocurrency" to this list as well since even the dullest of libertarians have given up on pretending "cryptocurrency" is about an alternative to the USD/combatting the debasement of currency as opposed to a speculative asset class for the purposes of making money)
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Banks, which are creators of credit, are interested in easy profits like selling/flipping commercial rental properties (which is going terribly for them as of right now).
Banks (today) don't really care about production anymore than "Insider Trading Queen" Nancy Pelosi or "Conman Extraordinaire" Donald Trump do.
(You can tell since neither of these two have done anything productive in their entire lives.)
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It doesn't pay to sell real things, unless drugs/sex are involved. You can make much more money selling fake ****, pipe dreams to investors, insurance (which is mostly a scam, e.g. try making good on your long-term care insurance plan when the avg Boomer turns 85 and 50% of them need ***-wiping CNAs to help them get dressed in $10K/month nursing homes) etc. than an actual product.
Shuffling money around is what passes off as "creating wealth" today, whether it's "Lucky" Larry Silverstein taking out "terrorism insurance" on the twin towers shortly before 9/11 and collecting hundreds of millions of dollars or Citadel shorting Gamestop's stock for easy profits before some basement dwellers on r/WSB decided to play that same trick on Citadel. Or your local restaurant closing due to a mysterious fire shortly before the owner retires and "by the whims of fate" collects insurance reimbursements.
So what's the issue? I did say, after all, there's nothing wrong with making money in my previous post.
See, here's the thing: when your roads are full of potholes and cracks, when your soup kitchens and homeless shelters can't accommodate even a slight increase among the needy, and when mental + physical illness is at an all time high with decreasing life expectancy despite healthcare expenditures skyrocketing in the name of "quality care," research, $5M advertising campaigns for pills and drugs with terrible side effects, etc.
then maybe, just maybe, even the dimmest among you might make the connection that just because "people are making more money than ever before" (GDP growth) doesn't mean any actual wealth is being generated.
Since the Jewish funded Chicago School of Economics began peddling neoliberal economics back in the 70s, there has been a deliberate conflation of making money and creating wealth.
Classical economics (a subject upon which self-proclaimed "classical liberals" like YouTuber Tim Pool are - not surprisingly - sorely deficient) separated the two but this distinction was lost over time. It was only recently resurrected by heterodox schools of economics that most people have never heard of.
There is an interesting phenomenon I have pointed out several times: there are trillions of dollars sloshing about in the economy yet the average person has trouble accessing small loans (unless it's used to pay for a house or car since those can be easily repossessed and sold either at break-even or even slight profit factoring in debt repayments).
Underneath the glamorous layer of polish lies the "fake" (unproductive) economy of flipping (or raiding) assets a la Mitt Romeny (Bain), derivatives, bundling home mortgages and selling them to investment firms and hedge funds, selling insurance policies that provide little to no real value, "carbon credits," etc.
(You can add "cryptocurrency" to this list as well since even the dullest of libertarians have given up on pretending "cryptocurrency" is about an alternative to the USD/combatting the debasement of currency as opposed to a speculative asset class for the purposes of making money)
============================================================================
Banks, which are creators of credit, are interested in easy profits like selling/flipping commercial rental properties (which is going terribly for them as of right now).
Banks (today) don't really care about production anymore than "Insider Trading Queen" Nancy Pelosi or "Conman Extraordinaire" Donald Trump do.
(You can tell since neither of these two have done anything productive in their entire lives.)
============================================================================
It doesn't pay to sell real things, unless drugs/sex are involved. You can make much more money selling fake ****, pipe dreams to investors, insurance (which is mostly a scam, e.g. try making good on your long-term care insurance plan when the avg Boomer turns 85 and 50% of them need ***-wiping CNAs to help them get dressed in $10K/month nursing homes) etc. than an actual product.
Shuffling money around is what passes off as "creating wealth" today, whether it's "Lucky" Larry Silverstein taking out "terrorism insurance" on the twin towers shortly before 9/11 and collecting hundreds of millions of dollars or Citadel shorting Gamestop's stock for easy profits before some basement dwellers on r/WSB decided to play that same trick on Citadel. Or your local restaurant closing due to a mysterious fire shortly before the owner retires and "by the whims of fate" collects insurance reimbursements.
So what's the issue? I did say, after all, there's nothing wrong with making money in my previous post.
See, here's the thing: when your roads are full of potholes and cracks, when your soup kitchens and homeless shelters can't accommodate even a slight increase among the needy, and when mental + physical illness is at an all time high with decreasing life expectancy despite healthcare expenditures skyrocketing in the name of "quality care," research, $5M advertising campaigns for pills and drugs with terrible side effects, etc.
then maybe, just maybe, even the dimmest among you might make the connection that just because "people are making more money than ever before" (GDP growth) doesn't mean any actual wealth is being generated.