Message from @Maksim

Discord ID: 656197338444070953


2019-12-16 18:06:58 UTC  

https://cdn.discordapp.com/attachments/587028275918929925/656195581022306339/freedumaintfree.png

2019-12-16 18:07:10 UTC  

Please explain this @Attika

2019-12-16 18:07:18 UTC  

Absolute state

2019-12-16 18:07:35 UTC  

Perfect lol.

2019-12-16 18:07:40 UTC  
2019-12-16 18:08:19 UTC  

https://cdn.discordapp.com/attachments/587028275918929925/656195920328785930/PicsArt_08-16-09.25.36.jpg

2019-12-16 18:08:27 UTC  

It is adjusted for inflation

2019-12-16 18:11:00 UTC  

Credit boom

2019-12-16 18:11:18 UTC  

Average company was rated double or triple A for credit in the 70s

2019-12-16 18:11:38 UTC  

Reagan era policies and the credit boom ruined everything

2019-12-16 18:11:53 UTC  

Making average credit above junk with added leverages

2019-12-16 18:12:12 UTC  

Credit should ideally be abolished but sadly it cannot

2019-12-16 18:12:25 UTC  

For now.

2019-12-16 18:12:27 UTC  

Credit was fine

2019-12-16 18:12:40 UTC  

Until they decided to make buybacks legal again

2019-12-16 18:13:00 UTC  

Which meant pension money was just going to credit funds and shit

2019-12-16 18:13:16 UTC  

Central Bank time

2019-12-16 18:13:17 UTC  

All the money is used to artificially boost stock prices

2019-12-16 18:13:24 UTC  

A central public bank

2019-12-16 18:13:38 UTC  

They typically target certain areas of the economy

2019-12-16 18:13:57 UTC  

I wonder (((who))) does most of this

2019-12-16 18:14:20 UTC  
2019-12-16 18:14:42 UTC  

This a pretty good vid explaining the situation

2019-12-16 18:15:10 UTC  

@Asdrubal God I hate stocks

2019-12-16 18:15:22 UTC  

Why do they even exist, so that companies can get investments?

2019-12-16 18:15:38 UTC  

It's completely one sided towards the investor

2019-12-16 18:15:43 UTC  

Perpetual debt essentially

2019-12-16 18:15:44 UTC  

Evaluation of a company's value nowadays

2019-12-16 18:15:46 UTC  

Which is stupid

2019-12-16 18:15:53 UTC  

Before they were actually worth something

2019-12-16 18:16:09 UTC  

If a person gives a company $1000 the company should pay back $1000

2019-12-16 18:16:15 UTC  

Fuck paying back more than is given

2019-12-16 18:16:31 UTC  

@Maksim do you not believe in interest?

2019-12-16 18:16:33 UTC  

That money is being used for the benefit of the company

2019-12-16 18:16:35 UTC  
2019-12-16 18:16:40 UTC  

Intrest is a sin

2019-12-16 18:16:50 UTC  

@Asdrubal It benefits the investor more than the company

2019-12-16 18:16:55 UTC  

It is essentially perpetual debt

2019-12-16 18:16:58 UTC  

Ok

2019-12-16 18:17:00 UTC  

And?

2019-12-16 18:17:11 UTC  

At a certain point the company is paying the investor more than he gave