The spike in gun sales suggest that a breakdown of civil order is seen by many Americans as a real possibility. That can be a self-fulfilling prophecy.https://apple.news/AS6kGwHz9Tx-YT9aGxR1ipQ …
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Today, Goldman’s CEO received a 20 percent raise to $27 million. Apart from the juxtaposition with the worst American health disaster in a century, there is the fact the stock is down more than 35 percent during the last year.
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My thought of the week: “when is
@LHSummers going to comment on his relationship with Jeffrey Epstein? -
Epstein didn’t kill himself. And China wasn’t doing research on SARS-like Corona viruses in Wuhan. And Event 201 was just a simulation for an event that *might* happen.
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Because you’re not the greatest country, it was a lovely little story you loved telling yourselves. That is all
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The only real advantage is its military, which ironically is gobbling up the resources needed by civil society
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The US is deficient in mask and ventilators But if you wanted to make itan asset that could be leveraged and derivatives structured against it, we could have that done tomorrow. /sarcasm
#extendthecycle -
Didn't sound *that* sarcastic...sort of spot on actually (but evil, nonetheless)
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Stickiness of supply chains, inelasticity of supply in the short run, malinvestment due to artificially low interest rates, limited profit opportunity due to price gouging laws which dampen the incentives to meet demand and allow for the inefficient allocation of goods
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And let’s not forget pressure on companies to show short-term profits rather than investing in robust systems that can handle crisis. Wait until we have a natural disaster that requires people make phone calls & we see how fragile cell phones are vs. the former landline network.
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