Today’s Wall St and City of London exist to profit by “ripping your head off” – by doing deals where everyone else is worse off. That is, the hidden costs of capital have exploded.
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Such an economy is a shell game; a masquerade – because the supply of value creation implodes in line with the cost of capital.
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There’s not enough dumb money in the world to keep this broken machine running indefinitely.
umair haque’s wort zum sonntag