Fact: There is no immunity or protection against The Law of Scoreboards.
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|More RLA Goodies!; entered at 2024-02-10 15:26:20
This is an interesting video. It is a different subject matter, however it shows the financial games played with unlimited leverage. Like the railroad bonds as cause of the Long Depression this is the exact same type of construct, merely in a different industry, in our time, and no different than the situation where monopoly companies such as social media behemoths and other monopolist concerns buy up so much stuff using leverage and essentially make large scale failures which cannot be unwound in short time. Karl recently did a podcast discussing this topic.
Watch the insightful report and note how this effect determines a market and consumer expectations and drives an industry to do uneconomic things. It cannot be unwound easily which is why it should never have been allowed to happen in the first place.
Cheap money is the most destructive weapon as it is insidious and causes uneconomic things which seem like normal business for far too long. Even big businesses get caught up in it and later forced to be a part.
Innovation suffers, because there is no independence as all of the players can only be players if they are owned.
There are a lot of abandoned railroad lines all through the USA as reminders that they were not economic.
You Won't Believe Who ACTUALLY Owns Las Vegas💰... [DOCUMENTARY]