Author Topic: Monetary Wealth  (Read 5192 times)

ScrutinyShield

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Re: Monetary Wealth
« Reply #150 on: September 26, 2023, 12:13:16 pm »
How Shadow Banks are Exacerbating China’s Economic Crisis
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China's economy isn't having a great time at the moment. Despite the CCP announcing a series of measures last week, the economic prospects aren't really improving, and China's shadow banking sector is showing signs of stress. In this video, we explain the shadow banking sector, why it's the biggest in the world, and why it could worsen China's economic crisis.

90sRetroFan

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Re: Monetary Wealth
« Reply #151 on: November 28, 2023, 05:03:11 pm »
https://twitter.com/byHeatherLong/status/1724094437733626104

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Nearly 2 in 5 Americans will receive an inheritance in their lifetime.

They're most likely to be white and well off already.

Yet almost no one has to pay an "estate tax" anymore. It's one of the biggest loopholes for the rich in the US tax code

https://www.washingtonpost.com/business/2023/11/10/inheritance-america-taxes-equality/

GlobalDebtCrisis

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Re: Monetary Wealth
« Reply #152 on: December 16, 2023, 12:32:11 pm »
The global debt crisis - Is the world on the brink of collapse? | DW Documentary
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Experts are sounding the alarm: the world is caught in a debt trap. The global mountain of debt has increased to more than 300 trillion US dollars. To cancel it out, the Earth’s population would have to work for nothing for three years. Is this a cause for concern?

Will private individuals, companies and even entire nations at some point collapse under the weight of this debt mountain? The film looks for the stories behind the debts to discover what can be done to address the problem. In Argentina, for example: Over the past 200 years, the country has faced bankruptcy eight times.
 
In the United States, people are punished for their poverty. Annita Husband was detained for months in a debtors’ prison in the state of Mississippi. Her fate is just one extreme example from a society in which more and more people in debt find themselves in a hopeless situation and lose their freedom.

But debts per se aren’t a bad thing, insists economist Christoph Trebesch. Particularly when the borrowed capital is used for sensible investments, debts make sense. But there are plenty of negative stories. One standout example of the credit-fueled hubris is the project "The World”, artificial islands off the coast of Dubai that, seen from the air, resemble a map of the world. Luxury properties built on the islands were designed as resorts for the super-rich. But the project ground to a halt in the financial crisis of 2008. Since then, the wind and the sea have blurred the outlines of some of the islands.

The film explores the question: what are the consequences of debts - for both debtors and creditors? And what sort of solutions might be on hand to deal with the gigantic volume of debt taken on by nations, companies and private households?

Schwartze Katze

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Re: Monetary Wealth
« Reply #153 on: February 18, 2024, 12:16:27 pm »
These Are The Billionaires Buying Hawaii
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America’s richest have been buying in Hawaii for years, but no one knew exactly how extensive their holdings were. To figure it out, Forbes spent months digging through thousands of property records on Hawaii’s six biggest islands. The results were astonishing: Just 37 billionaires own at least 218,000 acres. That’s 5.3% of the state’s total land and 11.1% of all non-government-owned land—though it is likely even higher given the lengths to which these billionaires go to obscure their ownership. Expressed a different way: Those 37 people, equal to just 0.003% of Hawaii’s total population of 1.4 million, own more than 10% of its land.

With billionaires like Oprah Winfrey, Mark Zuckerberg and Larry Ellison buying up so much real estate, locals are wondering if Hawaii is becoming a playground for the rich.

Killthebank

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Re: JEWS HAVE NOTHING IN COMMON WITH US!
« Reply #154 on: February 19, 2024, 09:16:20 pm »
https://youtu.be/sZQAUCfU4Z4?si=JxUvLVdzVhTKVi86

Why companies focus on maximizing shareholder value instead of making quality products and maintaining a healthy/high morale workforce.

3:10 shows what the Dodge logo looked like back then. It explains a lot.

The TL;DW: Henry Ford wanted pay his workers high wages and sell his vehicles at low mark up. The other investors wanted more dividends. Ford was majority shareholder so he decided the direction of the company. Two brothers with the last name "Dodge" took him to court arguing the CEO must look out for that interests of the shareholders and won. The Dodge brothers started their own car company with the dividends from the Ford investments.

I don't see any opinions of Ford ln this site but I'd imagine they're mixed because his actions indicate he's a "Boromir". Manufacturing vehicles for mass use didn't help either.