That's all I was saying. It's not the stock exchanges, it's those who OWN the vast lumps of capital.Hermit wrote:Hey, when I mentioned London, New York, Tokyo and Frankfurt, I was alluding to the stock exchanges where owners of capital do their wheeling and dealing. And Clinton Huxley didn't mention "the other guys just work for them" either, as far as I can tell.mistermack wrote:Yeh but, it's not really them who have us by the balls.Hermit wrote:...and 70% of the bridge is located in London, New York, Tokyo and Frankfurt.Clinton Huxley wrote:It's all shuffling deckchairs and organising the quoits tournament. The corporations are on the bridge.
It's the people with the gigantic lumps of capital. The other guys just work for them.
I doubt if they ever go near a stock exchange. They pay people to do all that.
The only way that people could end the cycle is to stop borrowing. But you can't even do that, because your government borrows on your behalf. As do the people who sell you everything you buy.
And if you want a roof over your head, you either pay an exorbitant price for it because everybody BORROWS to buy, pushing prices up. Or you pay highly inflated rents, because of inflated house prices.
And it's all down to the drug of easy borrowing.