Financialization / 9 posts found
Are We Being Lied To Financially?
In this video I go over and article that accurately portrays the financial mess we now face. If you listen to the main stream media the financial numbers could never be better but this is pure nonsense. This video goes over a great article from the Burning Platform entitled “Stupid is As Stupid Does”. To put it plainly we are being lied to…
The Consumption Problem In The U.S. Economy
In this video I discuss the inherit problems with a 70 percent consumption economy. An economy based on this as a financial model will inherently produce a financial moral hazard. The problems are numerous including no savings and rewarded for financial stupidity and no financial prudence.
Collateral Haircut- Understanding the Collapse of What We Think are Assets
A collateral haircut is a financial term encompassing one thing: Devaluing Of An Asset. Oh this is not the official definition by far. However it will do just fine depicting what we will see happen to liabilities that we have been led to believe are assets. You see we call things like savings, our homes, 401k’s, and pensions assets. But truly they are really liabilities. Why, because simply the banks label them as liabilities. For us truly to understand the world in any form of meaning we have to understand the thinking of Bankers, Central Bankers in particular. For nothing […]
Financialization Of The Economy
We live in a world of Financialization. The term alone is complex, and the problems it has caused our economy is even more troubling. Now I cannot take credit for this term, as I only heard of the term by watching the fantastic work of Gordon T Long and his friend Charles Hugh Smith. They cover this in a 4 part video dialogue. I have enclosed the 4th in this video series because I believe it is the most poignant. Ever since we have gotten off the gold standard in 1971, we have been living and functioning on ever amounts […]