My wise friend noted:
No one seems to notice that financialization creates extreme wealth for some and declining standards of living for the many. It's all fun and games until it's not fun and games anymore. DEBT builds fortunes for the plutocracy/oligarchy, but poverty for the plebeians. No one cares. Stresses build. Costs rise. Jobs are lost. Money is recognized as weaponized. Healthcare premiums get less for more. Health care benefits are toggled by management. Distress BUILDS. People die by deny! No one cares .Number only goes up! But not the wage. Automation, artificial intelligence, Bitcoin, productivity. For wealth, ride the risk curve.But there is no value? Get on the meme, baby! Nihilism, now that's the ticket. It's a DOGE World. 4th turning. They can't handle the truth! Can you hear me now?
Private equity removed labor from their jobs, paid themselves extraordinarily well. Venture capital created companies with no earnings and bubble valuations to remove labor from their jobs. Now both are automating and using crypto as the next frontier basically removing labor from their jobs and money. Jeff Bezos wants to help Trump create a more efficient government along with his X space competitor Elon Musk the Rat. They are assembling quite a cabinet, if you like to drink. Maybe they'll rename K Street the Apian way? Something's burning.
The moneyed class is not interested in hearing from the little people.
They will never admit it. the GINI is out of the bottle. They feel vulnerable? How vulnerable do you feel when you're working two jobs and you're behind on your credit cards and your mortgage and your kids need health care? Hate speech again? They will not own it. Here we go again
In response to Carlyle taking Medline public for huge gains:
That number only go up too. It's a lost cause, they (PEUs) own the country lock, stock and barrel. What a terrible mistake they made by propping them up during the financial crisis. The country will be privatized slowly and all our resources will go to them. They are all cashed up and ready to go they just need to get more tax abatements, economic development subsidies and a treasury line to finalize the swap.
On Justin Sun's $6.2 million banana duct tape "art" purchase:
Bad money, bad behavior. There is so much money around.... Can you really decipher what is good versus what is truly bad, but covered up by money? I guess money is too loose and there are too many bad ideas being held up by too much money. Think Unicorns ETC.
I would have rather seen this Sun guy take $6 million and buy real bananas for food shelters but that's me I'm a so called socialist who went to business school. The moral of the story is there are no morals winning!
On the failure of leaders to protect us:
Our elected leaders allow fraudulent practices, bad policies, and the likes of the private equity boys.
And Michael Saylor running a leveraged debt induced arbitrage Ponzi is not to your liking?
Everybody needs a wise friend, especially now. There is too much direct nonsense coming from those with blatant conflicts of interest. It's gotten so bad they throw throw the conflict out as a badge of courage, a critical qualification in steering budgets and regulations in their favor. It is egregious to the level of obscenity.
In case you are wondering my wise friend is the elephant. I am the dog.
