If a house is 4 million dollars and you work as an uber driver or cashier you may have a different opinion that everything is good. All this current world order has done is monetize everything with debt, a big wall of debt that bids up the price of inelastic goods, as the rich borrow as much as possible to write off their cheap debt using their inflated collateral while never liquidating a penny of their assets.
Then when their mansion burns down due to building in a risky area or the bank that lends all this debt overextends then the government bails them out, as peoples paychecks are inflated away and they are denied pay raises due to the bad economy.
If you want society to collapse then yes you are a smooth brain.
Things can always be worse. And they wont only get worse for you, so if you are ok dragging everyone down into hell with you, you aren’t just dumb, you are evil.
Youre increasing asset holders, mainly the rich, drastically while taking it from everyone else. Things are getting signifigantly worse as housing prices rise, birth rates fall, and populism inevitably increases.
We treat future promises of money, mainly debt, the same as we value existing money. Every loan is new money supply, which favors the rich who hold collateral, and who benefit the most from the cantillon effect. They also generally benefit the most from bailouts, which is just another symptom of loose money.
Are ride-hail drivers better off when cars become astronomically more expensive and rare, and are cashiers better off when stores are closing?
Revolution is for those who think they have nothing to lose - or think that they cannot lose. Someone with a “bad” job is ironically still much further from supporting widespread upheaval than a mansion-dweller who thinks they’re untouchable.
If a house is 4 million dollars and you work as an uber driver or cashier you may have a different opinion that everything is good. All this current world order has done is monetize everything with debt, a big wall of debt that bids up the price of inelastic goods, as the rich borrow as much as possible to write off their cheap debt using their inflated collateral while never liquidating a penny of their assets.
Then when their mansion burns down due to building in a risky area or the bank that lends all this debt overextends then the government bails them out, as peoples paychecks are inflated away and they are denied pay raises due to the bad economy.
But I’m one of these smooth brains.
If you want society to collapse then yes you are a smooth brain.
Things can always be worse. And they wont only get worse for you, so if you are ok dragging everyone down into hell with you, you aren’t just dumb, you are evil.
Youre increasing asset holders, mainly the rich, drastically while taking it from everyone else. Things are getting signifigantly worse as housing prices rise, birth rates fall, and populism inevitably increases.
We treat future promises of money, mainly debt, the same as we value existing money. Every loan is new money supply, which favors the rich who hold collateral, and who benefit the most from the cantillon effect. They also generally benefit the most from bailouts, which is just another symptom of loose money.
Are ride-hail drivers better off when cars become astronomically more expensive and rare, and are cashiers better off when stores are closing?
Revolution is for those who think they have nothing to lose - or think that they cannot lose. Someone with a “bad” job is ironically still much further from supporting widespread upheaval than a mansion-dweller who thinks they’re untouchable.