"...an oversized City of London inflicted costs of C on the UK economy between 1995 and 2015. This is explained in part by lost economic output since the 2008 financial crisis, and in part from “misallocation costs” as big finance has generated activities that distort the rest of the UK economy – diverting skills, investments and resources from more productive uses."
#misallocation #cityofLondon #government #UK

@atomicpoet
The #dotCons are of course set to fail, but what is the pivot towards, and what are they taking away from us while blaming "#inflation" (and #misallocation) they instigated. We assert #TheFed and #centralBanks are a scam. See their #assetPurchases during #covid.

The result: those who support the pivot to a neofeudal #corporateState are rewarded by the #MoneyPrinter. Those who resist are attacked and refused the cash infusion.

The challenge will be to die with ones soul.
@iramjohn

2/2

There is still one big, #boomer blunder that you still have time to rectify.

Help your #family ditch the failing Frankenstein of #fiat, the ugly, suckling #USDollar. Over generations you've seen the #misallocation, the financialised #growthism, and #speculativeBubbles and wars it has fueled when countries expressed to stand apart from it.

Stop fueling fiat and move towards #degrowth, a #deflationary money for #savers.

Dear boomer,

Please, learn #bitcoin and #monero.