Blasé news diary: blasting horns to the dormant sheep about politics and the lack of democracy due of the engulfing consumerism
266 messages in 40 discussions
Latest Nov-26 by Eliot (Elohimil)
1002 messages in 158 discussions
Latest Dec-25 by Eliot (Elohimil)
Latest Jan-24 by Tittah
Latest Jan-11 by Eliot (Elohimil)
Latest Jan-8 by Guard101
Latest Jan-7 by GonghisKhan
Latest Jan-4 by Go Trump (Bushladen)
Latest Jan-2 by StatsChew
Latest Jan-2 by Whatzup? (Bushenron)
657 messages in 83 discussions
Latest Jan-23 by funiki
975 messages in 133 discussions
Latest Nov-22 by cavaliya
Latest Jan-5 by Berylline
1323 messages in 166 discussions
Latest Dec-31 by AuntBetsie
Latest Dec-31 by DimeTrious
Ray Dalio, Founder Of World's Largest Hedge Fund, Declares:
'The World Has Gone Mad And The System Is Broken'
What does it say about an economic system when some of its wealthiest, most prominent beneficiaries are coming out and declaring that it is a failure? Among the latest on this growing list of disillusioned capitalists is Ray Dalio, founder of Bridgewater Associates, the largest hedge fund in the world. (Hedge funds are partnerships of investors who pool their money to pursue high-risk, high-reward investments.)
It began with the financial crisis a decade ago, when central banks around the world began printing money by the trillions in order to stave off financial collapse. The banks used that money to buy bonds (mostly government debt), putting huge amounts of cash into the hands of large investors, like banks and wealthy individuals. Those investors were supposed to spend that money, which would have put it into the consumer economy and resulted in job creation and that famous “trickle-down” effect. But it hasn’t worked.
Daniel Tencer, HuffPost Canada Fri, Nov 8 3:30 PM GMT-5
WHAT THE HELL DOES THIS ACTUALLY MEANS?
So the money rotates around the financial system, from central bank to investor and back again, without passing through the hands of “regular people” -- the wage earners who depend on that capital for their income.
How to build a company where the best ideas win | Ray Dalio
TED Sep 6, 2017
What if you knew what your coworkers really thought about you and what they were really like? Ray Dalio makes the business case for using radical transparency and algorithmic decision-making to create an idea meritocracy where people can speak up and say what they really think -- even calling out the boss is fair game. Learn more about how these strategies helped Dalio create one of the world's most successful hedge funds and how you might harness the power of data-driven group decision-making.
It means the Stock Market could be in trouble unless they follow your trending purchasing paths...
-- Consumerism needs your help!
How can the system be fixed?
The answer to the questions, remains unanswered!