Fun fact: "Study Finds Male and Female Economists See the Economy Differently -- Even When Politically Aligned. It Matters for Everyone." https://t.co/faKvgoIIPM
Akhil Patel, author of The Secret Wealth Advantage, joins the State of the Markets team to break down exactly where we are right now and why government intervention often amplifies the boom/bust cycle rather than fixing it.
Watch the full episode: https://t.co/3FqpO5Uru1
This is harsh, but it's true...
There's no such thing as objective value. All value is subjective and is based on demand and supply tension.
Why is Bitcoin worth more than life-saving medicine? Demand and supply tension.
Why is a lawyer paid more than a plumber right now? Demand and supply tension.
In the future, is it possible that lawyers will get paid less than plumbers?
Is it possible that Bitcoin will become worth less than medicine? Yes, if the demand and supply tension changes.
Why is this important to know? Because so many people question their worth... but there is no inherent worth! There's only demand and supply tension.
A business coach who had zero clients stood on a stage in front of 300 people. He delivered a presentation, told the audience he had the capacity to work with 12 clients, and invited those interested to fill out an online form.
About 100 people filled out the form, and he was able to select 12 great clients, each paying £3K per month.
At that moment, his objective value did not change, the demand and supply tension did.
The person earning more than you is probably not better than you - they're just better at creating demand and supply tension.
When you become great at creating demand and supply tension, that's when your business becomes Oversubscribed.
“Governments and central banks were quietly admitting something they were still reluctant to announce publicly: the extraordinary power of private-sector banks lending to determine the pace of money creation, and therefore economic growth.”
-Mariana Mazzucato
World-renowned economist Richard Werner on where money comes from: banks just create it out of thin air, and keep a pile for themselves.
(0:00) How Werner Predicted the Japanese Financial Crisis
(14:16) How Banks Create Money From Nothing
(24:09) You’re Being Lied to About the Bank’s Role in Economics
(33:59) The Evils of the Federal Reserve
(38:51) Why Are Banks Allowed to Create Money?
(57:12) Was Leaving the Gold Standard a Mistake?
(1:09:30) The Difference Between Banks and Central Banks
(1:24:26) How Society and Culture Are Impacted by Banks
(1:33:11) Did the US Purposely Destroy the Japanese Economy?
(1:35:42) The Central Bank’s Attempt to Blacklist Werner
(1:39:03) The CIA’s Threat to Werner
(1:47:24) Why Werner’s Research on Credit Creation Scared the Central Banks
(2:03:55) The Link Between Central Banks and Warfare
(2:18:02) Where Is the US Economy Headed?
(2:29:49) The World Bank’s Debt Trap to Exploit Developing Countries
(2:35:34) The Dark Truth About Central Bank Digital Currency
(2:40:19) Where Can People Learn More About This?
Includes paid partnerships.
Very pleased to be named alongside great @SWpublishers authors such as @geophilos, @Phil_J_Anderson and Professor Michael Hudson in this newsletter.
These greats (and a few others) have really helped shaped our understanding of long-term economic patterns and how to navigate them - all the while encouraging us to change the system to create economic justice for all.
If you’re interested in these things follow @SWpublishers for more information about them or access their catalogue.
DSGE models dominate macro — but they’re built on a fundamental error:
They assume away time.
Here’s how this hidden assumption breaks everything from policy to prediction 🧵1/10
The real estate market is unforgiving—it’s driven by results, not excuses.
You see it all the time with people:
• blaming interest rates for failed deals.
• pointing to lenders for why capital dried up.
• waiting for “better market conditions” to take action.
Seasoned pros know that external factors are not the scapegoat for internal shortcomings.
They understand that success in real estate doesn’t come from perfect circumstances. It comes from:
• Building strategies that thrive in any market.
• Owning mistakes and adapting quickly.
• Staying disciplined when others panic.
• Focusing on what you can control.
• Candid, open communication.
Excuses don’t pay returns. Results do.
The market rewards those who take ownership of their outcomes - especially in a downturn.
What’s your take—are we too quick to blame the market, or is the market truly to blame?
Nobody ever said radical honesty was easy. Sometimes, especially with new employees who have not yet gotten used to it, an honest assessment feels like an attack. Rise to a higher level and keep your eye on the bigger picture and counsel the person you are evaluating to do the same. #principleoftheday
What happens when the truth stands before you, undeniable, but you refuse to see it?
That’s not just a plot from @Netflix ’s Lucifer. It’s the reality of modern economics.
“Capitalism and competition creates higher wages and better working conditions”.
Sadly not. Not in our system of land monopoly competition. Wages are depressed to the lowest level employers can get away with/workers can accept. This is the Law of Wages outlined by Henry George in 1879.
It’s reaching shocking levels in most western countries.