Of course, if that’s like in the last Crash, it relies on the Government saving their counterparties so that they can pay them, like the Obama Administration saved AGI so that Goldman Sachs could make lots of money from the Crash as that company was their main counterparty.
do you have any sources of information/history on this whole fucked up game you’d recommend reading?
trying to learn everything I can about this fucked up system we’ve built for ourselves here, so I can use it against itself in the hopes of trying to break this cycle.
ever since learning the (real) fundamentals of how the stock market works I’v been making a killing, don’t plan on playing it any longer than I absolutely have to…but sadly for someone in my position it is the only way for me to get the capital I need to move on some of these greedy assholes who think their exploitive “positions” are unshakable.
I took the FINRA Series 7. It’s the entry level exam all those who work in financial services take. It’s pretty enlightening and highlights how every service is pretty much the same with slightly different applications. Banks cheating everyone with money that they convince others existed before it was asked for.
Try the books “This Time Is Different” and “The Black Swan”, they’re both high level views on things, the former being about the History of Economic Crashes (and the common folly of thinking that this time is different), so mainly an Economics take, whilst the latter is a Finance Industry point of view about how the 2008 Crash ended up happening and the reactions to, it from a guy who made a lot of money from predicting it.
Might also want to read “Freaknomics” (a book from the Behavioural Economics area, which is maybe the only part of Economics that actually follows the Scientific Method) for a view of how humans actually behave in Economics/Financial domains which thoroughly disproves (not by trying it but simply because it’s what logically follows from the experiments they conducted on human economics behaviours) the complete total bollocks which is Homo Economicus that’s used as foundation of most of the mathematical building which justifies the Free Market Theories so beloved of Neoliberals.
The rest I mainly know it from living through it and following the more Finance specialist news and following a forum (whose name totally evades me) which had a lot of Finance Industry members (so a lot of the posts there were clearly from the kind of person who knows concepts like “discounted value of money” rather than opinionated non-experts) and was towards the Libertarian and Goldbugs side, before it got swamped by Preppers and other such far-right American sub-culture members.
I’ve been outside the Industry for almost a decade now, so I bet that beyond awareness of the (real) fundamentals of Markets and how the Industry operates, I’m less well informed about what’s going on right now than you are.
Everyone look out, the banks have made their money so it’s time to dump on the poors again.
Time for the yellow trickle down.
the banks only make money after the crash, when people can’t pay their loans.
then they have to find baggers for the property they seize, only if they cant flip those in time do they come out ahead
Investment banks and the primary equity market. They’ve already traded their long positions for shorts
Of course, if that’s like in the last Crash, it relies on the Government saving their counterparties so that they can pay them, like the Obama Administration saved AGI so that Goldman Sachs could make lots of money from the Crash as that company was their main counterparty.
do you have any sources of information/history on this whole fucked up game you’d recommend reading?
trying to learn everything I can about this fucked up system we’ve built for ourselves here, so I can use it against itself in the hopes of trying to break this cycle.
ever since learning the (real) fundamentals of how the stock market works I’v been making a killing, don’t plan on playing it any longer than I absolutely have to…but sadly for someone in my position it is the only way for me to get the capital I need to move on some of these greedy assholes who think their exploitive “positions” are unshakable.
I took the FINRA Series 7. It’s the entry level exam all those who work in financial services take. It’s pretty enlightening and highlights how every service is pretty much the same with slightly different applications. Banks cheating everyone with money that they convince others existed before it was asked for.
Try the books “This Time Is Different” and “The Black Swan”, they’re both high level views on things, the former being about the History of Economic Crashes (and the common folly of thinking that this time is different), so mainly an Economics take, whilst the latter is a Finance Industry point of view about how the 2008 Crash ended up happening and the reactions to, it from a guy who made a lot of money from predicting it.
Might also want to read “Freaknomics” (a book from the Behavioural Economics area, which is maybe the only part of Economics that actually follows the Scientific Method) for a view of how humans actually behave in Economics/Financial domains which thoroughly disproves (not by trying it but simply because it’s what logically follows from the experiments they conducted on human economics behaviours) the complete total bollocks which is Homo Economicus that’s used as foundation of most of the mathematical building which justifies the Free Market Theories so beloved of Neoliberals.
The rest I mainly know it from living through it and following the more Finance specialist news and following a forum (whose name totally evades me) which had a lot of Finance Industry members (so a lot of the posts there were clearly from the kind of person who knows concepts like “discounted value of money” rather than opinionated non-experts) and was towards the Libertarian and Goldbugs side, before it got swamped by Preppers and other such far-right American sub-culture members.
I’ve been outside the Industry for almost a decade now, so I bet that beyond awareness of the (real) fundamentals of Markets and how the Industry operates, I’m less well informed about what’s going on right now than you are.