Thread by @BryceWeiner

If the economy is so good why are we kicking families out of their homes and shutting off their power on a national holiday?

The cognitive dissonance created by the stock market is remarkable.

It should also be obvious that there is a MAD DASH for as much cash as possible by the upper class and that should definitely be concerning to folks.

Nobody ever talks about how class divides are created because it isn't always the same thing.

Access to liquidity is #1

Liquidity...cash flow...is so important it isn't taught outside of college courses in business and economics.

Your personal finances work better for you as a river instead of a lake.

The greatest utility of money is making more money.

It is for this reason that...get your outrage ready...

...debt isn't always bad.

Debt that leads to a long term increase in cash flow is good debt.

Finances at that point get very intricate and discipline is required which is why most folks don't live this way.

It is *always* valid not to give af about money or how it works.

Because a significant portion of the economy is financial institutions making money from ignorance, and then rewarding people who can follow their rules without question.

https://twitter.com/noahheaser/status/1332158785050341384

The more trusted you are, the more integrated into the Federal balance sheet you are, the less the rules apply to you.

Jeff Bezos isn't the richest man in the world, he's the guy for whom money itself is completely irrelevant.

"Based on Amazon's financial statement as of May 1, 2020, long-term debt is at $23.44 billion and current debt is at $1.31 billion, amounting to $24.75 billion in total debt. Adjusted for $27.20 billion in cash-equivalents, the company's net debt is at $-2.45B."

As CEO Bezos wisely created enough debt to allow banks to profit from his operations, but it's only 1/6 of the debt Amazon could probably safely take on.

Debt expands and contracts based on the volume of liquidity Amazon generates.

Hate Bezos and his warehouse slavery.

Learn how economics works and then take away the slavery.

Then you have abundance capitalism... or fair value of labor.

Every time you read the word "consumer" or "retail" use the word "worker" instead.

If workers get paid fair value and keep more of their earnings and have access to healthcare and don't have to pay rent and the cops don't kill them then they have more to spend on quality of life

Capitalism needs rules.

We have been playing by rules adapted to serve those monarchies who were demolished by them.

Oligarchs are what we call them these days but there's absolutely no factual difference.

Capitalism needs new rules focused around that which actually generates value: people.

The history of humanity is the history of enslavement and exploitation.

That has nothing to do with capitalism.

It's time we grew out of it. We don't need it and never did.

Corporations are a function of the state.

The first corporation was granted by the state (a monarch) for the purpose of colonialism.

Banking evolved shortly after to loan funds for exploitative adventurism.

Nothing has changed in 500 years. Nothing.

https://twitter.com/bitcoinbegger/status/1332165248346951686

The only places in the entire cryptocurrency economy which require corporations are those which must interface with the state for regulatory compliance and that leaves a universe of possibilities.

I have never launched a cryptocurrency as a corporation, ever.

I have always launched them as a private citizen with proper legal insulation.

Corporate crypto never caught on (with one obvious exception) because corporations are functions of the state just like fiat.

Fiat, corporations, banking, and the state are the axis of evil in modern society.

It's pretty obvious when you know the facts.

Why are the largest corporations in the world "devolving" into feudalism?

Because the entire financial system is derived from dead monarchies.

It's who they have always been.

Money printer goes brrrrr and you don't get any because the system itself is weakening in the face of public organization and without more money we already would have torn this shit down and the guillotines would need cleaning.

When liquidity pools into the hands of "successful" people they then become dukes and vassals in the economic system bestowing boons upon those who can kiss the most ass and people call this capitalism and have no idea what capitalism is

What is called "capitalism" in America in 2020 is the feudal structure of competition for favors from overlords in the hope of greater reward and station and maybe becoming a noble yourself someday.