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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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ajtj99
bull_dozer
To: TigerPaw who wrote (34207)8/23/2021 12:47:04 AM
From: Lee Lichterman III2 Recommendations  Read Replies (1) of 97611
 
True.
When I explain economics to people, I often start off with a similar note. Economic health for the big picture as a whole is dependant on the people doing what is bad for them.
The factories will only run at full output, employing the most people if people don't save and buy buy buy. They need you to upgrade your phone, computer, game console, car as often as possible even if your current one is fine. The entire fashion industry is just a scam to get you to throw out your perfectly good clothes and get new ones because the factory said the styles have changed. Big/small collar, over/below the knee, 2/3 button suit, skinny/straight/flare pants etc.
Once needs are met, only "wants" keep the economy running. Marketing is just getting people to waste their money. That's why deflation scares big picture focused leaders. Inflation keeps people buying before their cash loses value. Deflation rewards saving and not spending. Spending instead of saving also creates debt slaves that you can control.
If people saved and were smart and frugal, the system would slow down, employment would drop and recession sets in.
The trick is to save while keeping everyone else spending. Notice Warren Buffett still lives in his old conservative house. I know lots of multimillionaires that drive 20 year old cars, live in modest homes and don't live flashy lives.
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