Hi there, 6 followers, 7, including Witchdoctor. How come we are still, after all this years of this blog and before in various posts around the world, as your Papa Voodoo, only the magnificent 7? Easy it is, that is life and the IQ on this Planet,the others may drop, noo, noo, not dead, the others are already dead walking zombies. The proof is in your eyes when you look at them.
All them, go to hell for the happy new zombie year. Special Anathema goes for the Slovenian Oligarchy and its ruling lackeys, which have even stated that God has brought the Virus for saving the white race from being invaded by the foreigners,especially non white, while in meantime they are cleansing, as the whole of the Eu, the non fit, socially and economically, and not healthy enough by persevering diabolically in their business as usual, US included., the mad followers of the Oxford Imperial ICL model of stop and go.
This time Witchdoctor will sum the new form of capitalism in one page, saving us, the 7 sunny , a lot of money, honey. Sending the zombie academia, media muck,we the left and right,the Oligarchy running out of time and space, and all other intellectuals, back to the fields, gardens, and waste management.
They are, as you have read here, only Hands taken away from agriculture, from picking berries, from cleaning streets and similar very useful jobs.
Free lunchers of evil.
INTRODUCTION: BUILDING A PORFOLIO, OR, HAVING A BOOK.
Every fashion model knows it, You must have a Portfolio.A BOOK with your pictures from different angles and in different light. EVERY picture shows your Creditworthiness. And it is your Mortgage Investment for the Future. The Book is in FACT a derivative product, a bundle of photos/assets, it brings yield (profit) for the guy who hires you.
What is a derivative?
Lets take it from a book of Zia Haider Rahman and not from a mainstream textbook.. In the Light of what We Know.
Lets make the best. The A Type of Derivative. Pool, stack collect the best mortgages of the people who pay loans for their houses, Bundle them, wrap them together, loose trace of where they come from.. Lets say the A. Derivative makes 10 million per month from the repayment of the homeowners. Sell the A. for 2 millions. Even if the a MAKES ONLY 7 MILLIONS out of 10, because some loans are not paid, it is still safe as 7-2=5. A. derivative, making 7 millions, sold as 2 million profit bearing investment product is a safe BET. You are like Jesus, multiplying the fish in the sea.
ONCE UPON THE TIME, THERE WAS A CAPITALIST WHO ISSUED SHARES
Yanis Varoufakis states in his new book that the first scam of this sort was made by the East India Corp in 1599.
Before, as WD knows, every speculator had a share in profit , invested as a risk capital in the return voyage of the goods, if the ship sailing safely returned and sold its exotic items. Instead of shared investment-risk and profit, The East India Comp, sold his own shares instead and so skimmed part of the profit for itself, instead of directly sharing it as before.
ONCE UPON THE TIME the Owner, capitalist, when wanting to Raise Das Capital quickly, in order to make the Capital Accumulation, the Formation of Capital, issued shares and with this money invested in his Capital while RETAINING THE OWNERSHIP BY MAJORITY.
THEN,some time after, the public company was invented, with shares dispersed between many owners and the MANAGEMENT ruling de facto the dispersed ownership.
AND THEN, AFTER, the Supermarket, Portfolio Capital took over.
At this, CURRENT STAGE OF CAPITALISM, The big something, the vampire squid, the black rock and comp invented the SUPERMARKET. What is the Supermarket?
It is a place, a Space in Time with many items on the shelves, the Stock market, like Wall Street is a supermarket selling stocks.The Vampire squid buys a lot of items and and controls them. An item, a company, can be CONTROLLED AND INDIRECTLY OWNED BY CONTROLLING AND OWNING ONLY SOME PERCENT OF ITS SHARES. It is very cheap. The real owning is only a fraction but it is enough for controlling.There is no capital Accumulation. It is the RENT or, it is like the A. Derivative explained above, it brings RENT AND CONTROL.
THREE BIG VAMPIRES control almost the whole STOCK MARKET and its derivatives, which, in this case, are the companies listed. Without needing to own the whole lot. But this control is not used for the real Capital Formation. It is. LIKE AIRBNB.
The AIRBNB is even more clever. IT OWNS NOTHING. AIRBNB has a portfolio, a Book of Apartments . They do not own them, pay the taxes for them, they do not pay mortgages for them, they do not repair them, they do not clean them, they do not even manage them! They make a bundle derivative of wrapped up CONTROL of many private owners.. It is a supermarket of homes to rent and AIRBNB SUCKS out the extra RENT out of it. IT IS The Rentier Capitalism, and no Capital Accumulation whatsoever. VACCUM CLEANING the extra profit.
THE SUPERMARKET in space in time, this time on the non material PLATFORM, the internet. Spaceless.
THEN, THE “TECH” GIANTS
THIS GOGGLE, Fakebook and similar, are the DATA SUPERMARKETS.
THEY COLLECT items FOR FREE, or almost. THEY have the BOOK, THE SHELVES (THE DATA CENTERS), the portfolio of their clients for free. THEY OWN THE Data for free. THEY CONTROLL and SELL DATA which were given them for free.THIS is Rentier Capitalism.
THEY WRAP up, BUNDLE, STRUCTURE the A. DERIVATIVES out of this.
KARL MARX, THE LEFT, THE IDIOTS are turning in their graves !
THE academia are sleeping in their tenures sucking their free rent IN A FORM OF POCKET MONEY from their masters for obscuring the facts.
THE CAPITALISM HAS TURNED; LOGICALLY, INTO THE SUPERMARKET !
THIS is the death of Capital. Piketty has to change the job….
BUT, WE NEED A CREDIT DEFAULT SWAP MEGA MACHINE!
AND, it is CALLED THE CENTRAL BANK.
What is the Credit default swap?
In the light of what we know. The book Zia Haidar wrote:
JP MORH*GAN wants to lend a huge money to EXXon. They have to free all the legal “reserves” they have, for legal sake for doing it.
The call in the EBRD, the European bank for development. The EBRD is there to INSURE the JP MORGUEAN against the possibility of EXXCON not being able to repay his loan from JPM: This is the Credit Default SWAP. JPM pays a small, modest annual premium to the EBRD for insuring itself from the chance of EXXCON defaulting on its loan . This was the first Credit default swap in history.
NOW; LETS see how this works on a really big SCALE:
THE BIG VAMPIRE takes the credit line from the mega bank for making his supermarket portfolio bigger. The Vampire wants to buy stocks all over and make his rent and control.
The BANK, the PRIVATE BANK gives vampire the loan. MONEY, as you know, is almost free in this stage of supermarket capitalism, for the real vampires. The markets are full of free lunches.
THE CENTRAL BANK INSURES THE BANK BY MAKING A QUANTITATIVE EASING! They MAKE A CREDIT! DEFAULT! SWAP! THE VAMPIREE BUYS ITEMS ON THE STOCK SUPERMARKET FOR HIS PORTFOLIO, THE BANK GETS COVERED WITH THE QUANTITATIVE EASING FROM THE CENTRAL BANK, QE being the money transferred to the account of the private bank for BONDS exchange deriving from the State DEBT.
SOMETIMES AND EVERY DAY MORE OFTEN, THE CENTRAL BANK DIRECTLY BUY DERIVATIVES FROM THE VAMPIRE COMPANY in exchange for the quantitative easy (easing) money the Central Bank makes out of NOTHING.
This Credit default SWAP is without default. Default in this concept is for idiots.It is only Credit Swap. The last stage of the Portfolio, Supermarket, Derivative capitalism and the death of what they tell you. Capitalism is dead. This is the real story
They swap credit for your debt. But, you are not insured in this case. The default is entirely yours,your field, your apartment, home, car, savings, job, work,small business …
ALL This, the system was written in 1484 words.
PS. The advice is to go to your university, your boss, your media fool,your govt, your left and right, Your tv ghost, your cargo cult economist,,..,..,, and get a master degree with this. Throw away the books they are giving you to make you even more dumber.
Witchdoctor
Now you know, you live in a supermarket. A no brainer. The system is clear.
But you are lost among the shelves.
Go shopping….
https://www.witchdoctor.space/2020/06/27/the-end-of-capital-in-21st-century-as-the-result-of-the-portfolio-capital-takeover-of-the-central-banks-and-states/
https://www.witchdoctor.space/2020/06/15/europeend-of-capitalend-of-capitalism/