decended_beingWhat is the catalyst that actually causes (financial) bubbles to burst?
Fundamentally it all comes down to unemployment. There is a certain point in a thermodynamic way that even the most brainwashed slaves stop becoming productive. If you don’t have a safe and private place to sleep, it’s enormously taxing on your motivation, if you can’t afford nutrients, you will be physically tired and your body will scream at you to avoid any type of damage to itself.
For bubbles, they exist mostly to make rich people richer, but come at the cost of workers getting more inflation and weaker purchasing power for their wages. Every so often bubbles have to pop, so the rich can buy up all the property they sold back, at a discount and start the process over. One of the many scams of international capitalism.
So the bubble really pops when people are unable to work for the dropping wages. It’s really just a physics question in a way.
Thxs I try to teach real economics when I can because people can’t learn this in universities or anything.
i can only think of ‘folkhögskolor’, a nordic phenomena where formerly peasants and now workers since a hundred years raise eachother to learn what gymnasiums and universities don’t and at no cost.
i appreciate you being online bringing knowledge around. got any recommended reading for economy, or a blog where you post more?
Ooh, that’s fascinating, how could we implement those elsewhere, eg in the rest of Europe?
these began without allowance from state. originally barns on ‘bondgårdar’ were dedicated to this purpose seasonally by ‘bönder’, so there was direct source of food and space given on “private property”. these days all ‘folkhögskolor’ have long-courses — spanning a year (august to june) with some for permaculture and other agrarian purposes starting in january — and short-courses, spanning a week. these days most ‘folkhögskolor’ act as hostels and conference halls too in addition to gymnasiums for teens who y’know hate being in state gymnasium. sympathic way forward, my life would’ve been better had i gone this route sooner than later.
i would suggest finding private property owners who can provide a kitchen, showers and space to house people (bunkbeds.) maybe you are one?
i would also suggest finding ‘studieförbund’ like ABF, NBV, IOGT-NTO etc. equivalents for funding and mostly as these are a short-cut through paperwork to legitimize the endeavour as an education with legal right to endow grades and certifications. like reading up school grades, becoming a certified plumber, et al.
regardless of if these two are known to you or anyone today i strongly recommend everyone to just travel here on a study visa ASAP. our government hates ‘folkhögskolor’ and are aggressively defunding these. it’s also more and more real-life hidden lore to know of ‘folkhögskolor’. how our entire wellfare comes from educating the marginalized in society at ‘folkhögskolor’. we have 155 still right now, something like one in every city. most are never full because people don’t know they exist these days: so you and anyone have good chancesnto get in. on the one i am at right now i met with an english citizen, a german citizen, an austrian citizen, an irish citizen and many refugees from war-torn countries coming here to learn swedish. think of this as a boarding school with cheap prices and no barriers to entry. everyone wants you to succeed here.
i would be glad to keep talking of this on a sub dedicated to ‘folkhögskolor’ and in direct messages here on Blord, or 1-on-1 over chatmail (an E2EE email evolution. see the free libre open source DeltaChat & it’s twin project ArcaneChat.)
Contact me on ArcaneChat:
Thank you, that is very kind of you. I love that word. That is a very cynical take from me and I should probably be a bit more fair, but it’s not that far off from the truth.
The people who run these scams don’t necessarily realize they are doing it. They do to some extent, but even billionaires believe in capitalism in that kind of way.
I thought about writing little essays or making YouTube videos to kind of share what I consider to be lost knowledge and lost sciences. I should probably do that some day. Like actually write it out in more theoretical ways in a more compiled form.