One of the most cucked ideas the public has been completely tricked into is that a bunch of corporations' stock prices is the health of the economy.
The absurd conclusions that follow, like "the economy grew in 2020," & "more debt = more growth" are wholly swallowed.
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It is complete insanity that this is the case yet you’re the crazy person when you mention to people it’s an illusion. We live in the upside down
A doozy is the very obvious fact that layoffs (and probably other things bad for most of us) pumps the price. A lot of unemployed people doesn't scream healthier economy to me. The largest asset holders may be having a good time, but everyone else, especially young people just starting out, are getting fucking rekt.
I don't fully understand his point so I may be off base, but this reminds me of Mark Moss and his melting up idea. It would feel like upside down world for most people.
It’s kind of the same idea as that. The thing that is poisoning the economy is also the thing we use to measure it. The stock market going “up” and bread becoming more “expensive” due to inflation is caused by the same poisonous money we use to measure those values.
Stef kelton, “it’s not debt, it is in fact an asset”. Sure Weimar invested this type of spoilt logic
*invented!
💯
True.