Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "How To "Win" A Trade War" video.

  1. Not really. The Economy isn't a machine, but the collective decisions of the people within it, and therefore subject to the whims of human psychology. The bits that are structured, only evolve to be so. For example, the process of money creation evolved into its current form because it was the right idea at the right time. But, because the only constant is change, people's goals, methods, and tools change too because are subject to changing motivations. And Economists may not understand money very well, but financiers understand it very well because their goal is to accumulate more of it. That's not the motivation of Economists in general. Their job is to how to manage scarcity, and even then Economics has some huge missing holes in its framework. Like it doesn't say a lot about distribution of resources, and that's a big hole as we're living through the biggest transfer of wealth in human history, and the gains have been skewed toward increasing asset wealth of a relative minority at the expense of everyone else. And arguably, this time round, there's insufficient institutional strength to prevent serious dangers arising in domestic as well as global markets. And this guy running this channel understands the nuances of the dominant financialised version of capitalism, and it's effects fairly well. He doesn't go into the deep detail, simply because most of those mechanisms are poorly understood by the public, and relies on a sound knowledge of financial and economic history to track. I mean, the best book so far to do that is David McWilliams "Money" published in 2024. It's a great narrative exploration about how money evolved and how it works today. Read that if you really want to begin to understand how money works in a meaningful and informed way. Michael Hudson's books on financial history are worth a read, especially if you're interested in the primacy of debt. And there's more on YT too, but not much is pitched at absolute beginners. Eurodollar University channel helped in explaining why finance is in the driving seat of the global economy, and why American Finance is the way it is now, and how policy is directed by trying to keep a broken system working. But if you are really curious, let your curiosity pull back the curtain and reveal how money works.
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  2. ​ @subutaynoyan5372 To be honest, he says they know thing about financial economy. And he's absolutely right, because finance and economics are two different perspectives, but financiers aren't theorists like economists are. They are about practice, the practical means of how finance works, which in turn has economic, social and political effects. Economists are theorists and financiers are practitioners. That's why economists don't always know how the financial system works, because their perspective deliberately ignores certain things. But that's orthodox, classical economics. The heterodox, modern economics are the guys willing to use the 5 Whys, to dig deeper.
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  3. ​ @11conormcloughlin No; sloppy language reveals gaps in your understanding. The only people who deal with the monetary system are governments. You live in the financial domain where you have to manage your use of money. It is financial markets that are now dominated by speculation rather than productive investment, and that bleeds off money away from things that create jobs and make your quality of life better. But even more importantly, cash is no longer king. Asset wealth is in the driving seat, and accumulating cash, is seen as suboptimal. Why? Because the world runs on credit, not cash. And people don't understand these things. They treat stocks like horse racing. No wonder then they lose. 70% of retail customers lose money. You have to understand the rules of the game before you throw your chips in, or you will get fleeced. There are ways to make money, but there are pros and cons of each method, and "financial gravity" - how much you can invest relative to other participants - matters. So the Stock Market is the Little Casino, and the Options Market is the Big Casino, and the risks and rewards match each market. So, if you want to make money, understand the rules of the game, understand basics like risk and diversification. Unless you understand thoroughly the pros and cons of a financial asset, don't buy it. Read and educate yourself, and take it seriously. Good Luck.
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