Billions for stock buy backs and not a red cent for saving employees from layoffs.
American Economics Thread
- Thread starter Bernard
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Billions for stock buy backs and not a red cent for saving employees from layoffs.
Literally have had people not from the US telling me to my face that the US stock market is up so that must mean the US economy is doing great.
I'm sure all the laid off employees are crying tears of joy.
It is illegal to consider the interests of employees or customers over those of shareholders.
The only red book I'm carrying with me is the 小红书 app. With a carefully curated recommendation of sexy chicks dancing, cars, food, guns and games.
Meanwhile, even the much less debt China does take ends up building productive and needed assets like housing and infrastructure.
Whereas the US creates/prints useless & one-time quickly spent debt to prop up its fake dying economy with more government spending to boost short-term consumption, "just one more year", repay past loans, not build long-term, return-generating real assets like China.
China's much lesser total debt is backed by those assets, the US debt is backed by nothing, maybe on their ability to raise new debt, idk.
That's why the US constantly must try and take new debt, repay old debt, and prop up its terminally ill economy over and over again.
But even that gets harder because its budget deficit spending is widening more and more, and more and more debt is required for the same amount of "growth" nowadays as well (probably due to limitations of supply, idk). All of this gives one more reason for inflation.
Can you imagine any stupid, illiterate US politician being able to create any kind of "growth" nowadays without debt and spending?
I was told that only authoritarian regimes, talk about how great the wealthy are doing while people die of despair and poverty around them.
It is now more dangerous to be an American man than a Brazilian man.
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Their economic "growth" is basically inflation. They vastly increased the amount of money they print and they report official inflation that is lower than the real one. So when you adjust growth numbers for inflation with their bogus inflation you get garbage "growth".
all economic activity derives from energy. at the risk of sounding like a dearly departed friend: it is impossible to increase capital ROI indefinitely with a non-increasing EROEI.
Taken to the extreme with a monotonically increasing capital ROI and non-monotonically increasing EROEI, eventually a finite amount of capital can buy all energy in the economy and still have money left over.
Then what? What is that money worth when all energy is bought by a single entity and all other entities have 0 energy?