Why You Don't Matter Anymore ........... (Economically Speaking) - A Video

[Afro]

Late last week the US shocked economists with a report that contained results they were not really expecting. The economy had grown at a shocking 3.8% pace in the second quarter, seemingly “putting to rest” all of the concerns that the naysayers had about a softening job market, trade wars, the cost of living, skyrocketing defaults, declining labour force participation, sector wide crises, and slowing productivity. Sounds great right? Well as you might have already guessed there is… a lot… to unpack from these numbers. GDP isn’t a flawless measure, even in normal times, and as I am sure you have probably noticed… There is… a lot… going on at the moment. But if you do what nobody else wants to do, and actually read the data behind these figures it tells three very interesting stories that challenges a lot of assumptions that we have about how our economy “should” work. This goes well beyond just simply growing inequality, that’s not exactly shocking news anymore. BUT if you ARE looking for a sign of just how “healthy and balanced” the current market is, a new report has revealed that there are now more private equity firms in America… Than there are McDonalds… And the reason is very simple… if all of these numbers needed a headline it would probably be:… You Don’t Matter Anymore… (economically speaking of course)...

 

[Afro]

TLDW: Our economy is propped up by 10% of Americans. We could all lose our jobs tomorrow and our economy would still be growing because our spending power is that low compared to the ultra wealthy. Citibank has a study back in 2005 essentially saying that they should be slowly focusing on ONLY selling to rich people, because they will be the only ones with money.

 

[Chrishaune]

It's been their plan to rig the system and control everything.

The love of money is the root of all manner of evil.

 

[rabbid]

late stage capitalism. it’s well documented. the only way to reverse it is a crash… even war I’m not sure is resetting the stage unless it was nuclear or something. The canary in the coal mine is Disneyland. Notice they stopped selling annual passes for awhile . That was the cheapskates’ key to the kingdom. Simply put, it’s a courtesy they’re allowing regular people to do anything nowadays. This is in fact how it’s designed. The goal was always for the 1% to have dominion. It was supposed to be regulated heavily.. but that didn’t happen.

 

[Insensitive]

I've mentioned this in passing but once you get around the big ballers
you get it.

Alex hormozi said it best, sell to the rich.

 

[Afro]

This video kept me up at night

 

[Vandelay]

The worry is what will the disenfranchised do? We're literally building 2 parallel societies and they want ownership of everything.

 

[boogers]

yep. its why i dont really bother with boycotting. our purchasing power (as poor people, collectively) is so low that we basically dont matter

not really surprising, but im glad to see that others are finally opening their eyes to this

 

[Afro]

The worry is what will the disenfranchised do? We're literally building 2 parallel societies and they want ownership of everything.

Eat each other, literally and figuratively

 

[Afro]

yep. its why i dont really bother with boycotting. our purchasing power (as poor people, collectively) is so low that we basically dont matter

not really surprising, but im glad to see that others are finally opening their eyes to this

My first thought was Target, but then I had to remember that Target used to be seen as bougie, but really it's a retailer that made you feel like you had "real" money when you really didn't. They didn't cater to the real wealthy like that, hence why the boycott worked (kind of).

 

[Strapped]

The government owns nothing & will tax us to get money to fund their programs , military and police . Capitalism needs to fail

 

[Vandelay]

Eat each other, literally and figuratively

It'd be great if they just left the planet period. They kinda wanna do that anyway. Let them mothafukkas fly off in their spaceships.

 

[010101]

WAR WAR WAR*

 

[OneManGang]

That’s a great channel in general, a lot of topics they cover. Suggest a follow. Having said that, as mentioned ya that’s what happens when wealth gets consolidated. Disney World been on this wave, cater to the ppl with fukk you money. The brokies don’t make a dent in our earnings.

This another reason I laugh when regular nikkas talk about stocks and crypto and the market doing well so the economy is good

Cyberpunk is a prophecy

 

[Richard Glidewell]

fukk all that shyt. Glad they don't need my money. Outside of this mortgage im 2 to 3 years away from self sustaining in day to day needs........all that other consumer shyt be damned......