Some key policy points i wrote down while listening:
* Abolitionism of #poverty and #homelessness
* Strong support for trade #unions
* #Medicare for all
* Indictment of #greed from the 1%
* #Decentralization
* End of mass incarceration
* Transformation of priorities from foreign #wars to helping poor people
"Albert Edwards, a global strategist at the 159-year-old bank Société Générale, just released a blistering note on the phenomenon that has come to be called Greedflation.... [He] wrote... after four decades of working in finance, he’s never seen anything like the 'unprecedented' and 'astonishing' levels of corporate Greedflation in this economic cycle.... Edwards added that he fears the 'super-normal profit margins' of corporations in the U.S. and abroad could eventually 'inflame social unrest' if consumers continue to struggle with inflation. 'The end of Greedflation must surely come. Otherwise, we may be looking at the end of capitalism,' he warned. 'This is a big issue for policymakers that simply cannot be ignored any longer.'"
"Edwards proposed a controversial solution to fix the rise of Greedflation, which he said reflects his “weakening confidence” in the capitalist system itself. In a once unthinkable twist to “those of us who lived through the failed prices and incomes policies of the 1970s,” Edwards said there is a tool for this kind of problem, and it’s from that same decade: price controls."
Société Générale is a bank and investment firm with €1.5 trillion in assets and last reported €26 billion in annual revenues. It's safe to say that Albert Edwards' comments on "Greedflation" and his thoughts on how "...we may be looking at the end of capitalism" are known by his employer, and at least privately are partially endorsed by them. When a bank this size fears that "...we may be looking at the end of capitalism" we may be looking at the end of capitalism.
I, for one, welcome the death of the neoliberal order and am hoping for a better system to replace it.
Investment Bank Says Capitalism Is COLLAPSING | The Kyle Kulinski Show
Greedflation
When costs go up, so do profits? That’s not how capitalism is supposed to work, but that is the recent trend. For over a year now, consumers and businesses, both in the U.S. and worldwide, have struggled with stubborn inflation. But the soaring costs haven’t prevented corporations from raking in record profits. The companies in last year’s Fortune 500 alone generated an all-time high $1.8 trillion in profit on $16.1 trillion in revenue. Voices largely on the left side of the political spectrum have been sounding the alarm on this—think: Bernie Sanders in Congress or Jon Stewart’s recent grilling of former Treasury Secretary Larry Summers—but now an economist at one of the world’s oldest and greatest investment banks is singing the same tune.
Albert Edwards, a global strategist at the 159-year-old bank Société Générale, just released a blistering note on the phenomenon that has come to be called Greedflation. Corporations, particularly in developed economies like the U.S. and U.K., have used rising raw material costs amid the pandemic and the war in Ukraine as an “excuse” to raise prices and expand profit margins to new heights, he said. And the French investment bank isn’t just historic: It’s one of the select banks considered to be “systemically important” by the Financial Stability Board, the G20’s international body dedicated to safeguarding the global financial system.
More in the article: https://fortune.com/2023/04/05/end-of-capitalism-inflation-greedflation-societe-generale-corporate-profits/amp/
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
https://twitter.com/MorePerfectUS/status/1628073534122770432
https://www.usatoday.com/story/news/nation/2023/02/21/nebraska-train-derailment-union-pacific-train-coal/11313432002/
These #companies have #cut thousands of #jobs while raking in #billions, and #lobbying for #deregulation. There's no conspiracy, other than deadly #corporate #greed.
#gothenburg #nebraska #coal #train #derailment #union-pacific
Elizardbreath and Plank. Plank can't help but flash some horny, goatish mischief (specifically his left hand).
"Overall the main point I'm making here is the big club's pawns and foot soldiers from the top photo just got thrown right under the bus.
Ironically most or all of them are likely unaware of who's big club they are actually worshipping in.
Wake up sheeple. And that goes double for the otherwise decent enough sheeple who are paid up members of the big club. " #quote from #pa
Unbelievable how property developers are allowed to build these ultra high density atrocities,
two blocks deep on either side of the road... And they call them luxury apartments...
#Photo
#Photography
#Photographer
#gif
#MyWork
#highDensityliving
#Developer
#greed
#Wandsworth
https://www.newacreswandsworth.com/
well, if these two are managed opposition shills buying trust, they're succesfully making a fairly large purchase here with me and those #healthy #rants.
https://www.bitchute.com/video/8ifPYY72bR6a/
"This _Deregulation is what makes this wealth transfer happen
#vandanashiva #mercola #drmercola #navdanya #liveddemocracy #electoraldemocracy #mediacontrol #narrativemanagement #earthdemocracy #freedom #peoplesfreedom #illusionoffreedom #deregulation #selforganising #health #evolution #fractal #choices #justice #freedomandjustice #legalframework #practical #subsidies #look #equity #imposition #scaredbunchoftrillionaires #trueeconomies #cbdc #forcevaccination #nochoicenodemocracy #preservechoicepreservedemocracy #preservedemocracypreservelife #preservechoicepreservelife #globalisationisderegulation #democraticlaw #environmentalprotectionlaws #healthprotectionlaws #righttoeducation #workersrights #labourlaws #blacklivesmatter #justicematters #wakeup #narrative #divideandconquer #securitiesofdemocracy #societalprotectionlaws #freedomtodestroy #insurancecompanies #bigpharma #deregulationofourtimes #community #democraticsystems #sovereignty #monopoly #biofortification #ayurveda #problemreactionsolution #ruthless #vicious #money #dictatorship #technologybarons #barons #personalgreed #violentsystems #agrichemicals #hitler #genocide #domination #exploitation #notneutral #progressives #hierarchy #technologyasservant #convergentinterests #crisis #bookburning #ruthless #embraceextendextinguish #merger #destroyedentireindustries #intention #deregulation #globalisation #onenessvstheonepercent #investment #lifesciencesindustry #monsanto #bayer #financialtools #digitaltools #billionaires #assetfunds #controllingtheworldseconomy #corporations #psychopaths #owned #thetwelve #blackrock #vanguard #wealthtransfer #amazon #microsoft #fauxlanthropy #topdown #foodwithoutfood #toxic #control #nofreedom #weareinalotoftrouble #wakeup #lookup #mendthis #ecocide #finalissue #justice #shutdown #lockdown #deathofbirth #codexalimentarius #waronlife #themostvulnerable #vulnerable #therightstep #class #billionhungry #capitalism #monopolism #anthrocide #WHO #regulatorycapture #governments #philanthropy #hunger #sickness #humancull #nocullnecessary #forprofit #forweathextractionmaximisation #wealtextraction #wealthextractionmaximisation #homelessness #intentional #calous #throwawayclass #genocide #softkill #hardkill #panopticon #distraction #dumbdown #lobotomy #morecontrol #moreconcentration #centralisation #withoutrepresentation #withoutdemocracy #patriarchy #arrogance #billgates #zuckerberg #jeffbezos #destroying #planetaryscale #planetary #humanity #worsethingsthandeath #homeless #homelesspopulation #twoclasssystem #threeclasssystem #fourclasssystem #comorbidities #socialills #moneyoverpeople #greed #consequences #causality #society #nosociety #destruction #ecologicalcrisis #industrialism #pandemic #plandemic #colonialism #wellfare #dismantlingofprotection #dismantlingofsocialprotection #inequality #endofsociety #oneness #united #brutalviolence #poverty #criminals #apartheid #trusts #orwellian #taxdeduction #interesting #rockerfella #messcatalyst #molecularbiology #intelectualcapture #puppets #greenrevolution #greenwashing #corporateterrorism #stateterrorism #fascism #corporatism #controlleddebate #controlledclimatedebate #compulsorydigitaltransactions #nationaltaxsystems #nationaltaxsystemsusurped #gatesglobaltotalitarianresearch #agnotology #mostdevious #imaginationless #singularfocus #inhuman #inhumane #aware #facethehorror #therearepsychopaths #embraceextentextinguishonlife #mothernature #symbiosis #momentum #scamplan #worlddomination accounting #accountability #noaccountability #serious #extractiveeconommy #peoplemining #statesystem #wepaidforit #theyprofit #wedie #notinourname #reversetax #trickleup #imbalancedredistribution #iniquitous #collapse #intentionalinflation #strategicinflation #undemocraticinflation #WEF #greateconomicreset #imposed #notanaccident #wetriedtowarnyou #butyoucalledusconspiracytheorists #psyop #controllednarrative #controllednarratives #ecologicaldestruction #ripoffnature #disempowerment #wecanmendthis #empowerment #empowereverybody #pitchforksvstorches #languageappropriation #soil #neglect #regreen #recycle #earth #naturally #healthily #regenerate #regeneration #runfromthecure #noosphericattack #spin #organic #GMO #geneeditting #crispr #geneticallymodifiedorganism #fakelife #latteralgenetransfer #terminatorgenes #codexalimentarius #codexalimentarius #codexalimentarius #seriously #theplantoownalllife #includingyou #financialisationofnature #manufacturingdisposablepeople #circularreasoning #nocullnecessary #manufacturedscarcity #tyranicaltautology #suffering #youdeservebetter #theylie #theylietheylietheylie #fuckthat #fuckyouiwontdowhatyoutellme #declareindependence #patents #patentfraud #wipo #reductivism #totalitarianism #users #spyware #biospyware #allocation #vaers #worthy #humanrights #undoingwhatgenerationsfaughtfor #alert #bealert #myiopia #myopiclossofwealth #terrormyopia #usory #economicsuicide #suicide #suicideeconomy #defysuiciding #stay #mendthis #democracy #economy #humanity #startthinking #startthinkingaboutit #defendfeircly #freedomandlife #kleptarchy #kakistarchy #attercoparchy #createlocalmarkets #scientistssay #pestcontrol #illegal #illegalineffectivepestcontrol #apatientcuredacustomerlost #forprofitmedicine #forprofitpestcontrol #racket#protectionracket #biologicalprotectionracket #soarrogant #1000sofwaysofdoingfarming #gatesag1 #totallycontrolled #controlledseeds #farmerbrainscontrolled #staringdownthebarrelofeternaltyranny #bigdemand #manufactureddemand #hehadagraph #donttrusthim #distrusthim #ruthlesspsychopath #notphilanthropist #consciousness #consciousnessrising #awakeningconsciousness #lifejusticehumanity #vs #deathdestructiongreed #civilisation #culture #disease #social #individual #civildisobedience #robberbarons #worsethingsthandeath #growyourown #knowyourfarmer #solidarity #confidently
Inherited billions creates insane over-confidence combined with immense power, which sows chaos.
Didn't the Ancient Greeks write tragedies about this kind of thing? Shakespeare? Were we not warned?
Then again, I'm sure Ayn Rand would love this shit.
A quotation from McCarthy, Cormac
It is supposed to be true that those who do not know history are doomed to repeat it. I don’t believe knowing can save us. What is constant in history is greed and foolishness and a love of blood, and this is a thing that even God — who knows all that can be known — seems powerless to change.
Cormac McCarthy (b. 1933) American novelist, playwright, screenwriter
All the Pretty Horses, ch. 4 (1992)
#quotation #quote #folly #God #greed #history #human-nature #knowledge #omniscience #powerlessness #violence
Sourcing and notes: https://wist.info/mccarthy-cormac/57272/
#Who #Rules The #World And Starts #Wars And #Pandemics? This Mep Has The Answer:
Who rules the world? Who starts wars and pandemics? Is it Biden? Is it Putin? Believing that the pharmaceutical industry wants healthy citizens is like believing that the military industry strives for world peace, #MEP #MislavKolakusic said in the #European# Parliament.
#BlackRock, #Vanguard and State Street — investment funds most #people have #never heard of — manage more than $15 trillion in assets. These asset managers have interests in all major pharmaceuticals, #media, #transport companies, #arms #manufacturers and #banks.
video
https://rumble.com/v1u67ew-november-13-2022.html
#Insatiable #Greed
They are the largest shareholders of #Pfizer, #Moderna and Johnson & #Johnson, among others. They have a majority stake in six of the 10 largest pharmaceutical giants. They have a majority stake in all the companies that have manufactured corona vaccines.
The fact that we are experiencing skyrocketing #inflation, which affects ordinary citizens the most, is not an economic phenomenon, but the result of the insatiable greed of the owners of these asset managers who set prices, Kolakusic argues.
Completely clear
They also have the #military industry in the pocket. BlackRock, Vanguard and State Street own the largest weapons manufacturers, including Lockheed Martin, Boeing and Northrop Grumman.
It's absolutely clear who rules the world and makes all the important decisions, be it wars or pandemics, says Kolakusic.
Blackrock & Vanguard are both connected to #WEF #Agenda2030 & #NetZero2050 #Tyranny!
Interesting - CNN Business has a market meter, showing the relative influence of 'fear & greed '.
Now showing a slight tilt into "greed" territory as a driving factor...
