Speculation is Evil

<p>Excerpt from <a href='https://www.imdb.com/title/tt1027718/'>Wall Street: Money Never Sleeps</a></p> <p>You're all pretty much fucked.</p> <p>They got all these fancy names for trillions of dollars of credit: CMO, CDOs, </p> <p>SIVs, ABS…</p> <p>So Mr. Banker starts leveraging his interest 50 to 1, with your money because he could. </p> <p>40% of all American corporate profits came from financial services, not production, not anything remotely to do with the needs of the American public.</p> <p>The mother of all evil is speculation, leveraged debt, borrowing to the hilt, it’s a bankrupt business model, won’t work.</p> <p>It’s systemic, malignant and is global like cancer.</p> <p>It's a disease and we got to fight back.</p> <p>How are we going to do that?</p> <p>How are we gonna leverage that disease back in our favor? </p> <p>#PolEconProject</p> <p>#Labor</p> <p>#Capital</p> <p>#Oligarchy</p> <p>#1U</p> <p>#UnionStrong</p> <p>#LaborRadioPod</p>