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1980's
Apr 1, 2017 16:38:15 GMT
Post by montana on Apr 1, 2017 16:38:15 GMT
Do The Roots Of Rising Inequality Go All The Way Back To The 1980s? So what happened between 1978 and 1986? The first phase of the financialization of the U.S. economy.What is financialization? In a financialized economy, speculating with highly leveraged debt and exotic financial instruments is far more profitable than producing goods and services.Financialization hollows out the productive assets of an economy by incentivizing leverage, debt, opacity, speculation, financial fraud, collusion and the perfection of crony capitalism, i.e. financial Elites' ownership of the government's regulatory and legislative bodies. Here is another less pungent description via Wikipedia: "Financial leverage overrides capital (equity) and financial markets dominate traditional industrial economy and agricultural economics."
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1980's
Apr 1, 2017 16:57:55 GMT
Post by montana on Apr 1, 2017 16:57:55 GMT
Media (movies) can help define or help create a world that's for better or worse ? that's up to us and how we react for every financial misstep there's opportunity have not watch the 2010 Oliver Stones movie Wall Street: Money Never Sleeps but tonight along with 1987 movie Wall Street I will
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1980's
Apr 1, 2017 22:43:44 GMT
Post by Fritz on Apr 1, 2017 22:43:44 GMT
If you want a story of Wall Street excess, try The Wolf of Wall Street (2013). That story is actually true. I know people who lost money to that scoundrel. Or The Big Short (2015), about the guys who made a killing off the crash of the housing bubble.
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1980's
Apr 2, 2017 19:38:43 GMT
Post by montana on Apr 2, 2017 19:38:43 GMT
Thanks Fritz will add to my watch list - missed watching the movies last night - forgot about collage basketball - local team GONZAGA and then Oregon played. I do like watching movies or dramas about finance ( like White Nights ) what most lack is the correlation between debt, negative interest and banks like the drama Three Days. Yes I'll call it a financial drama the main motivation was money and the manipulation from a defense contractor to gain it: however, no matter the profits of the defense industry it still pales to the profits of negative interest and the control that has over society.( enough money or power to divide a country and call it east or west; north or south I'll post the full article from ZeroHedge - real life that have and will some great plots
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1980's
Apr 22, 2020 23:03:24 GMT
Post by montana on Apr 22, 2020 23:03:24 GMT
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