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I wonder why the rich and those in charge of regulating and steering policy think it will not end bad for them too when masses could not afford the housing on t
by mihaaly 4y ago
I wonder why the rich and those in charge of regulating and steering policy think it will not end bad for them too when masses could not afford the housing on the highly inflated prices fuelled by passive money drawn out of economy into "investment" (more like sleeping) properties, hence crashing housing prices all around making them loose a lot. And that all that living cost hikes will not exacerbate things further accelerating this crash as people need to spend sooo much on housing less remains there for the functional parts of the economy? They hope they die before this comes or what?! They will not be in charge and could sip gin and tonic silently in a big warm garden somewhere before this happens? But what about their children and their other young family members? What will they do with properties woth nothing in a dissolving society where it will not be good or perhaps not even safe living due to unrest of the poor? A frequently repeting worry in articles and analysis here and there is the gigantic wealth accumulated for few stucked away suffocating the rest of the society and raising desperation yet what I can see people seem to mumble "it's ok so far, it's ok so far" to themselves while falling alongside a high rise building. Do they hope for a soft landing with this behaviour? They hope that printing cash in increased speed pumped into even more passive wealth here and there through the sliding middle and lower classes will last forever?
- varispeed 4y agoThe solution for this will be CBDC - electronic programmable money and social credit score. The class of the ultra rich that has developed and controls the governments will use the poor as means of production - since they already own most of the economy, there is no longer any need for markets in the traditional sense, that we know. At one point if you have 100 billion, it doesn't matter if you have 101 or 200. The capitalism has reached its end and the rich are preparing us for the so called fourth industrial revolution.
- mihaaly 4y agoIt did not work in the history of isolated submissive societies, it will not work in the period of highly interacting and highly conscious global societies. For their sake I hope the title of one Aerosmith song will not become reality. https://www.youtube.com/watch?v=ZK__9UIN5gk https://www.youtube.com/watch?v=ZK__9UIN5gk
- bugglebeetle 4y ago[flagged]