Fictitious capital and that you know this is kind of the future that marx would see is that everything is so light removed from Industrial Production or any sort of production or labor that we get to a point a fictitious cow paul and then in that sort of space theres like no limit up really because thats just limited by our imagination right its goes back to neal feudalism in a certain Medieval Church driven notion of how many angels can you dance on the head of a pin right so this bit like Goldman Sachs or j. P. Morgan theyre like how many derivatives can we get to back to you know it can we derive from this nonexistent collateral right thats the same kind of mentality and the leads to a god complex obviously the people the church back in the Medieval Times felt that they were close to got that proved to be not so correct and also the bankers on wall street they believe theyre very close to god as blankfein said hes doing gods work. And that will be equally fallacious well its certain
Feudalism in a certain Medieval Church driven notion of how many angels can you dance on the head of a pin writes of this bit like Goldman Sachs or j. P. Morgan theyre like how many derivatives can we get to back to you know its them can we derive from this nonexistent collateral right thats the same kind of mentality and the leads to a god complex obviously the people the church back in the Medieval Times felt that they were close to god that proved to be not so correct and also the bankers on wall street they believe theyre very close to god as blankfein said hes doing gods work and that will be equally fallacious well it certainly fictitious capital and here is another tweet along that line is well the strongest Gravitational Force reversion to the mean also bring down the stock market the u. S. Market cap has totally decoupled from the real economy and you can definitely see in that 1st car in particular that the real economy it continues to grow like at the rate of gold supplies g
Hi there this is the kaiser report im max kaiser lots going on social media investing types stacey oh yeah of course its. A fortnight king of the day traders on social media and he is asking hey even months do something of course harkens back to the 2008 financial crisis 20082009 when jim cramer on the media of that day which was the Financial News cable news fright that was the big place he went for Financial News and he was demanding that the fed do something to bail out because all his friends of bear stearns were losing all their money losing all their wealth losing their jobs they have to do something this is no time to be an academic get a bell out well here day fortnight went long very very long on tesla down 30 percent and just a week right well you know weve been talking about tesla for you know a number wix a few months because it is a phenomenon and the point ive been making from day one is that its a me its a mean that has a market valuation at one point over 400000000000.
Predictable if all value derives from human consciousness and human consciousness is now so you know attention Deficit Disorder sort of Television Short Attention Span jumping from idea to idea multitasking and multiprocessor is hundreds of browsers open yes im talking about myself and you know your Attention Span only has a few moment your consciousness of any single me more idea is very limited for a few moments sometimes 3 seconds so this is subject to that so day fortnight i was huge on social media for a few weeks and now hes gone hes over because the mean is. Well here you know he was like that they have kramer for the same or that jim cramer you know those green are and you know i mean i mean this is jim cramer had a plastic hammer as well during his in told us you know that jon stewart who was. Big on cable kids he was a comedian who was on t. V. For a while he ripped james cramer apart in an interview and exposed him as a he because he admits he likes the manipulate prices jam
Cars so. You know i mean i dont know what to tell you. This was predictable if all value derives from human consciousness and human consciousness is now so you know attention Deficit Disorder sort of Television Short Attention Span jumping from idea to idea multitasking and multiprocessor is hundreds of browsers open yes im talking about myself and you know your Attention Span only has a few moment your consciousness of any single me more idea is very limited for a few moments sometimes 3 seconds so this is subject to that so day fortnight i was huge on social media for a few weeks and now hes gone hes over peak does that mean as. Well he he was like the day of kramer for the jim beam or the jim cramer you know with those green or and you know i mean. I mean this is jim cramer had a plastic hammer as well during his in told us you know. Jon stewart who was big on cable to see was a comedian who was on t. V. For a while he ripped james cramer apart in an interview and exposed him as a b