Comments by "Tony Wilson" (@tonywilson4713) on "The Collapse of Greensill Capital" video.

@David Rosenberg Mark Blyth the Political Economist from Brown U. and many others are calling it "Socialism for the Rich and Capitalism for the Rest of us." I suspect the next group of billionaires who cry poor and call for assistance are going to be met with some ferocity not seen in decades. I truly hope I am wrong but I suspect next time it wont be "Occupy Wall Street" it will "Burn Wall Street." I truly hope I am wrong but I think we'll see mob violence not seen since the French Revolution. I won't be surprised when they drag lawyers and bankers and stock brokers out of their offices and hang them from the nearest tree.
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About as exciting as watching paint dry, but unbelievably informative. To sum up - in the new Olympic Event of Sneaky Financial Shitfuckery Australia has a really good medal chance in Mr Greensill.
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@David Rosenberg Do you watch any of Mark Blyth the Political Economist at Brown U? He was one of the very few who got both Brexit & Trump right. He just wrote a book called Angrynomics. This is his 4 minute primer on it -> https://www.youtube.com/watch?v=MXJD5rE4omY There's a for longer talks on it as well. Recently he mentioned a Rand report that said the top 1% of America have made of with over $47,000,000,000,000 since 1975. Here's the Time article on it and the link to the actual Rand report. https://time.com/5888024/50-trillion-income-inequality-america/ https://www.rand.org/pubs/working_papers/WRA516-1.html If you can't get your head around what 47 Trillion looks like try this. There used to be a game show called "who wants to be millionaire and on it the had a box with $1,000,000 in cash in it. That box was just over 1 cubic foot. A standard 20 ft container has just over 1,100, which means a 20ft container could be filled with a billion dollars. The 20ft container is the actual standard the measure ships with - TEU (twenty foot equivalent). The Ship that was caught in the Suez canal recently is the largest container chip ever built. The previous generation where 11,000 TEU and the current generation is 24,000 TEU. So basically the top 1% of America have made of with 2 boatloads of cash. Its only 2 boatloads because the current generation of container ships is twice as large as the previous generation. If you try and use smaller vessels you need a fleet. 🤷‍♂️🤷‍♀️
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@David Rosenberg There's a great piece by a BBC journalist recently about representation and how disproportionate it is. It actually bordered on racism, but the presenter knew that and explained it upfront. It was some basic statistical truths. Its actually incredible across a wide range of subjects how disproportionate some groups are represented.
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