The first prerequisite to this is understanding that money is a zero sum game.
To explain that, let's say I pick a random star in the sky and ask you how much you would pay for it (right now, today). You would own the star but there's not really much you can do with it as of this point in technology, so you might pay $10, $100, $1000 or maybe $1m, but probably not much than that because there's nothing we can do with stars at this point (and on the other hand you might only pay a penny or fraction of a penny for it).
That being said, we can price everything in the world - and we can measure them in whatever currency - dollars, bitcoins, McDonald's double cheeseburgers, whatever
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With that established, I see the wealthiest people in the world controlling let's say 90% of the wealth (though it could be 99% or 50%, I'm not sure)
Anyway, they have expenses like the rest of rest of us, spending money on their mansions, yachts, kids Harvard tuition, etc, in this way money is flowing outwards.
I see at like a rain cloud, pouring down rain.
To bring the money back in, they create economic bubbles (and some of these may be economically "ripe" or even just happen on their own (but they certainly could create a bubble or make it stronger (refer to US housing bubble which was fueling in 99-00 by policies which put more buying pressure on homes, thus predictably causing the price to rise (supply and demand).
These wealthy people know there is going to be a bubble, so they buy the assets early on.
The thing is, everyone gets richer when the price goes up (like US real estate did, and peaked in 2007). But the wealthy also know to sell (or even to short at that point). In this way they “cash out." The masses lose money in the crash, but they have cashed out and locked in their profits.
To complete my raincloud analogy, when they spend money, it's like the cloud raining, and then by using bubbles, it's like the raincloud re-absorbing (and by doing so, they consistently retain (or increase) their wealth).
This is just a rough outline, but I have been thinking about this for years.
Thanks for taking your time to read this I appreciate it and would love your feedback.
To explain that, let's say I pick a random star in the sky and ask you how much you would pay for it (right now, today). You would own the star but there's not really much you can do with it as of this point in technology, so you might pay $10, $100, $1000 or maybe $1m, but probably not much than that because there's nothing we can do with stars at this point (and on the other hand you might only pay a penny or fraction of a penny for it).
That being said, we can price everything in the world - and we can measure them in whatever currency - dollars, bitcoins, McDonald's double cheeseburgers, whatever
___
With that established, I see the wealthiest people in the world controlling let's say 90% of the wealth (though it could be 99% or 50%, I'm not sure)
Anyway, they have expenses like the rest of rest of us, spending money on their mansions, yachts, kids Harvard tuition, etc, in this way money is flowing outwards.
I see at like a rain cloud, pouring down rain.
To bring the money back in, they create economic bubbles (and some of these may be economically "ripe" or even just happen on their own (but they certainly could create a bubble or make it stronger (refer to US housing bubble which was fueling in 99-00 by policies which put more buying pressure on homes, thus predictably causing the price to rise (supply and demand).
These wealthy people know there is going to be a bubble, so they buy the assets early on.
The thing is, everyone gets richer when the price goes up (like US real estate did, and peaked in 2007). But the wealthy also know to sell (or even to short at that point). In this way they “cash out." The masses lose money in the crash, but they have cashed out and locked in their profits.
To complete my raincloud analogy, when they spend money, it's like the cloud raining, and then by using bubbles, it's like the raincloud re-absorbing (and by doing so, they consistently retain (or increase) their wealth).
This is just a rough outline, but I have been thinking about this for years.
Thanks for taking your time to read this I appreciate it and would love your feedback.
