https://www.youtube.com/watch?v=_jWHsPgGT_4
#reallygraceful #money #financialsystem #siliconvalley #bailout
#bankers #robberbarons #ploys #monopoly #privatised #topdown #stateterrorism #bankterrorism #parasite
#cbdc #hijackingthesystem #planned #racket #fiatbankingempire
#dyingempire #greed #evil
#somethingbetter
#ownbanks #decentralised #somethingthatwouldtrulybenefit
#gold #assets #ammo #seeds #seeds #seeds
(reposted with correct url pasted this time. oops.)
https://www.youtube.com/watch?v=sSnibMqAglI
#reallygraceful #money #financialsystem #siliconvalley #bailout
#bankers #robberbarons #ploys #monopoly #privatised #topdown #stateterrorism #bankterrorism #parasite
#cbdc #hijackingthesystem #planned #racket #fiatbankingempire
#dyingempire #greed #evil
#somethingbetter
#ownbanks #decentralised #somethingthatwouldtrulybenefit
#gold #assets #ammo #seeds #seeds #seeds
Your #debt is an asset on a bank's balance sheet. By moving your debt from one #bank to another, you are reducing the positive balance on one bank's #balance sheet & increasing it on another. If enough #people do that, a bank's share #price can be changed.
If a bank wants to try to impose a social credit system or a component of one upon you, take the asset of your debt away from them. If enough people do this, they may find a bank will change its unwanted #behaviour.
#socialcreditsystem #carboncredits #carboncreditsystem #banking #usa #debt #assets #socialengineering #banks #economiccoercion #uk #un #banksters #bankingelite #globalism #ccp #communism #technocracy #plutocracy #corporatocracy #wef #socialcredit #photosynthesis #cfr #secretsocieties #socialengineers
source: https://nymag.com/intelligencer/article/three-arrows-capital-kyle-davies-su-zhu-crash.html
So far, liquidators have recovered only $40 million in #assets. “It became clear that they were insolvent but were continuing to borrow, which really just looks like a classic #PonziScheme,” says Kasselman.
#finance #money #economy #fail #crash #scam #technology #software #news #blockchain #bitcoin #bitcoins #btc
"Hey Straight White Men Pass The Power!"
by #Artichoke #Trust.
#Toynbee #Studios,
28 #Commercial St,
#London E1 6AB
020 7650 7611
email: emily.lake@artichoke.uk.com
#Trustees:
Helen Marriage
Richard Kitson
Janice Evelyn Boud
Ruth Hogarth
Stephanie Flanders
Allan Cook
Dalwardin Babu
#Charitable objects:
"To advance the #education of the #public in the #arts, including the arts of #music, #speech, #drama and #dance, in all their branches and in particular by public performances."
Reg. #Charity No: 1112716
#Search Details: https://register-of-charities.charitycommission.gov.uk/charity-search
#Assets: £1.19 million.
£1+ million in #staff #pay for 2021.
Received #money from #Bloomberg, #Amazon & #UK #taxpayers.
Data reviewed by CNBC from Marine Traffic shows that at least four massive yachts owned by Russian business leaders have been moving toward #Montenegro and the Maldives since a wide array of #sanctions were announced in recent days by leaders from around the world, including the U.S. Treasury targeting Russia’s central bank. The #Maldives doesn’t have an extradition treaty with the U.S., according to Nomad Capitalist.
Protect your genetic information from government and corporate theft.
#genes #genetics #dna #information #informationera #geneticinformation #geneticcapital #geneticwealth #UK #robberbarons #infoera #criminal #government #corporations #theft #genedatabase #dnadatabase #USA #money #wealth #assets #property #propertyrights #selfownership #sovereignindividual #EU #CCP #geneticproperty #geneticdata #data
Gentrification of London, home of global dirty money
Just realised how many years since this album (https://diasp.eu/posts/5118058), but listening recently reminded of a verse:
...living here in a fishbowl, gentrified now, no longer a shithole...
Picture says it all
#uk #london #battersea #gentrification #corruption #china #russia #finance #property #wealth #assets
This is floating around presently, and it's hardly a new notion. There's some truth to the sentiment, and I agree that the issue deserves addressing. But as with many other failures of metaphors (not to be confused with metaphorical failures), the imagery evoked does some disservice to the actual problem. Much as the debt of a currency-sovereign nation is not comparable to that of a non-currency-sovereign household, most billionair wealth is not a case of simply hoarding money or resources. It's based on control over assets and their valuation. Not dissimilar, but also not quite the same thing.
So ... it's not necessarily hoarding in all cases. Not as a defence, but as a point of accuracy.
And to be clear, there are instances (often in multi-generational family wealth) where it is hoarding.
But it often isn't, and I think the distinction matters. Not to excuse the behaviour, but to understand what is actually occurring.
For many of the wealthy, it's not that they went out and collected trinkets, plucking coins from the hands of babes or whatever, one by one. Or even in aggregate. They didn't pile up resources.
Rather, they gained control over some specific set of assets, and then saw those appreciate in market value. That is, their wealth comes (mostly) not from piling up of stuff but through the accrual, or, yes, manipulation, of valuation.
A billionaire doesn't have a literal bank account with a billion pieces of gold in it. They have an asset portfolio whose notional value (itself a ... complicated question) is reckoned at over $1 billion. That wealth itself is not liquid, as cash is. And there are times when valuations have changed precipitously and someone previously considered rich suddenly found that they were not.
(Among the chief reasons for that portfolio, by the way, is to diversify risk associated with holding a single asset overwhelmingly, or the inflationary risk of holding cash itself.)
Wealth gains can happen fairly suddenly. In the case of Bill Gates (Microsoft), Steve Jobs (Apple), Jeff Bezos (Amazon), and Elon Musk (Tesla), often the bulk of gains was over a relatively short period of rapid growth --- the late 1980s for Gates, 2000s for Jobs (he'd largely lost out on earlier gains by Apple, Pixar, and Next), early 2010s for Bezos, and the past few years for Musk. Holdings that they already had escallated rapidly in value.
The reasons why are not always innocent: Microsoft and Amazon have both long engaged in monopoly antitrust abuses. Apple and Tesla's hands aren't entirely clean as well, though my sense is that they're cleaner. Balzac's dictum that behind every great fortune lies an undiscovered crime ... has a strong element of truth to it.
The means by which assets inflate is ... another interesting puzzle. I'll raise the question here, though I won't be answering it now. Suffice to say that value can also be gamed, and that often the greater that value is, the more the gaming potential increases.
But stop thinking of this as earned money --- whether through income, payments, or simple hoarding and pillaging. It's neither: it's accrued wealth, often through appreciation, and behaves (and should be addressed) in a different manner.
#wealth #inequality #hoarding #assets #AssetValuation #HonoreeDeBalzac #SoWhatchyaGonnaDoAboutIt #WhatThenShallWeDo #WealthTax #Plutonomy #Kleptocracy #PropertyIsTheft #bilionaires #memes
Wealth of nations and the share of global wealth among nations in 2021.
#wealth #wealthofnations #nations #nationalwealth #distributionofwealth #globalwealth #wealthoftheworld #rich #richlist #nationalrichlist #richnations #trillions #billions #millions #money #economy #privatewealth #finance #analysis #assessment #data #info #information #numbers #economics #capitalism #freemarkets #business #investments #stockmarket #assets
As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. In the European Union, regulatory changes are now building momentum. As the first mover, Germany has shown that achieving compliance can initially seem burdensome, but it can quickly be integrated into existing processes and platforms.
https://www.pv-magazine.com/2021/05/01/the-weekend-read-pv-feed-in-certified/
#assets, #policy, #renewable, #markets, #highlights, #pv, #energy
As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. In the European Union, regulatory changes are now building momentum. As the first mover, Germany has shown that achieving compliance can initially seem burdensome, but it can quickly be integrated into existing processes and platforms.
https://www.pv-magazine.com/2021/05/01/the-weekend-read-pv-feed-in-certified/
#renewable, #pv, #highlights, #policy, #assets, #energy, #markets
Mortgage industry can't make the rent
The problem is that mortgage servicers, even after granting homeowners forbearance, are still on the hook with investors to continue paying principal and interest on the mortgages. They also must make payments to mortgage insurers, property insurers and local tax authorities.
Maybe serve them a 48 hour pay-or-quit.
I've been reflecting on Paul Mason's Postcapitalism, particularly as concerns what he identifies as a hum-dinger of information goods: Information goods destroy the price formation mechanism based on scarcity.
That's one of a few cases in which markets as price-setting mechanisms fail, or are subject to very high degrees of ambiguity...
Continued at the dreddit.
#economics #prices #markets #value #information #finance #luxury #assets
