It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The average offer doubles on the first day due to them and the others buying the new juicy stock.... then Goldman or whoever was the front company for the offer sells off all the stocks at a massive gain. They just made a huge profit doing nothing.
And it’s not in a vacuum. Money wasn’t created. They just took that money from all the other people buying that stock after them, as when they sell it all it normally goes back down to it’s realistic price. That’s how it’s all a rigged game.
So, when rent is increased as it usually is, the apartment complex didn’t do anything to earn that money. It just takes more from the people renting. This reduces the money they have to buy things.
When you miss a payment on a credit card and your interest goes up to 29%. That’s not creating a product, it’s just charging you more.
If you have low credit a bank charges you more money in interest when purchasing a home. They are not creating a product, they’re just scalping you. And it’s not about risk, as that money is guaranteed by the federal govt on all home loans under 500k.
Banks aren’t loaning you their money. They literally create credit on their keyboard which is then leveraged by the federal reserve.
According to my economic understanding the market and us economy will have a massive crash, likely next year. What do you think?
And I’m not sure what your feeling was in 06-07 but I was predicting a market crash then too, while everyone else was raving about how strong the market was.
I think the problem is you don’t understand positive economics and negative economics.
Negative economics is things extraction based. Things like high interest, capital gains, monopolized services Or products, increased rents that largely take fluidity out of the economy.
Since 08 all our “economic growth has been in the financial sector, extracting fluidity from the economy.
If you take away financial growth from the gdp, that’s interest, privatized services, real estate, the fire sector, our economy has actually been contracting. And hat is not the presentation of an economy doing well or growing.