Friday 27 August 2021

The rich living towards a cyberpunk utopia

 Check these few stats and the headline of the Wall Street Journal:





The top is the amount of US Dollars around floating this world in paper and sweet black numbers on bank accounts, the second is the Warren Buffet's safe investment strategy index and base for Warren Buffett's favorite market indicator that has climbed to 205%, signaling that stocks are historically vastly overpriced taking the combined market capitalization of all publicly traded US stocks, divided by the latest quarterly figure for gross domestic product putting the stock price into relation to the overall economy, the third is the average wage of the US citizens and the headline shows the spending strategy of the rich: they borrow.

We have more and more money around, the stock prices are more and more off the economy based on old school theories, the average american income is growing way slower then the amount of money and stock values, while the rich buy their boy toys on credit. 
I was not able to find a statistic on wages in the luxurious industry, but it is clear that the money the FED pushes into the economy gets stuck in stocks and mainly those that sell stocks and borrow on them profit, but it does not arrive in the same almost exponential way in the wallets of the average population. 
There must be two kinds of rich: Those that trade stocks having direct access to FED money and those that take credits on a portfolio to buy most likely luxurious items fueling the luxurious industry that than again buys stocks to take credits on ....

While average Joe is of that puoerto mobile of the finance industry.

The weird and Cyberpunk part of that is that on a safe Warren Buffet like balance sheet the rich stressing his portfolio for credit to buy stuff that does not create a financial return is most likely way poorer than average Joe, on average, but no one sees it. The BlingBling is too shiney.

In a Cyberpunk utopia world the shadows of society that street samurais, trolls and magicians, hackers and drivers live in, next to the all poor, are the actual free humans. While the world of the Mega Corporations is based on credit line slavery and the poor are doomed to live on charity or small businesses selfexploiting and squeezed into a univers far off predictable law enforcement, but full of gangs and self-interest enforcing ConSecurity. In a world full in arms where contracts are enforced by violence on using post commando runner teams that cannot or just with difficulties be connected to a Corporation by a e.g. an independent shadow hacker, Media Corporation or Con Security Information Service, runners are the fittest: they are independent, in arms, trained and connected living highly flexible and mobile inbetween the poor scaring the cons that need them.

Yet some stupid would call a dark future "rule of the strong", a statement incorrect to the old wild wild west already, that never will become correct in any world based on the rules of this unverse. It is and will always be "survival of the fittest".

Bad news for all rich people of the Kardashians position, is that if the stock market should crash, not only correct, but crash, their base for the credit line is done, gone away and the banker might be not understanding that in the past the stocks all recovered again and just will take the remaining assets which is on some credit contracts even possible, although the monthly payments are covered based on a future expectations clausal, to prevent losses. Don't fuck your banker, but screw 'em gentle...

In a dark future that scenario would create thousands of runs and counter-runs in all directions turning the pubs and clubs of the dark parts of the sprawls into another Klondike, while the rich sleep way worse than that little independent shop owner off any save zone for a change.

Are you sure you wanna go dark future and keep going the same way that created the black Friday pushing the world into the big recession that created grounds for the worst war of all times or instead sell to invest into something profitable?

CUCP