Comments by "coolmodelguy" (@coolmodelguy6304) on "Louis Rossmann" channel.

  1.  @southerninterloper4107  - "Nancy Pelosi and Chuck Schumer are making a killing in the stock market." You hit a bullseye on that one. There is another rather sinister effect going on here, one that you grazed with that comment. Just this year, for every dollar in economic growth, there has been a $14 increase in financial asset value. Now I'm aware of only part pf the mechanics of how the asset market works, but I can do math very well. So far our economy this year has grown by $700 billion. Financial assets have grown by $9.9 trillion. That latter fantastic number, equals 49% of our entire economic output. I don't know about anyone else, but my math says you cannot raise the value of assets without someone ready to pay the price. Financial assets grow that much because someone spent the money to buy them, value is established by the latest purchase price. Just let this soak in, baste yourself in this number, $9.9 trillion. Someone spent $9.9 trillion this year. Bringing the total value of financial assets to $114 trillion. I also don't know if others understand what a financial asset is, so here is definition from Investopedia: "A financial asset is a liquid asset that gets its value from a contractual right or ownership claim. Cash, stocks, bonds, mutual funds, and bank deposits are all are examples of financial assets." Financial assets typically gain over 9% per year. Think hard about $114 trillion getting 9%. Then think about our entire yearly economic output: almost $19.5 trillion. Then think about 9.9 trillion in asset purchases. How can an economy of $19.5 trillion make $9.9 trillion in asset purchases? So we can shave down the percentages, lots of business dealings could generate large sums to be spent in the financial asset markets. Building and land could be sold, new business deals could be made, and the proceeds directed toward the financial asset market. $9.9 trillion is a lot of directed energy. Lets just say that it came from a combination of brilliant business deals, assets sold, prices raised and money borrowed, no problem, right? The problem is, this has been going on year over year for decades. The line on the financial asset growth chart is exponential, and it is almost a vertical line. This is our silent killer. It has been decades since the economy could actually support asset growth year over year. What we are seeing is a guarantee of growth, sustained by government fiscal policy, and extraordinarily large sums of political campaign funding from private donors. People can sense that something is wrong, but cannot put a finger on it. Well, this is it. That is why, as you say, "Nancy Pelosi and Chuck Schumer are making a killing in the stock market". They help keep it all rigged. Look at the charts from the Federal Reserve. These and a few others tell a tale of a bloated and unsustainable asset market. When this blows, it will be worse than anything we have historical record of. Moral of the tale: You cannot get money for free. Households and Nonprofit Organizations; Total Financial Assets, Level (TFAABSHNO) https://www.google.com/search?client=firefox-b-1-e&q=financial+asset Real Gross Domestic Product (GDPC1) https://fred.stlouisfed.org/series/GDPC1
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