Why Don’t the Elites Get That the Economy Sucks? w/ Jen Pan

[@tonedowne]

There are two seperate economies. The real lived economy of people and the economy of big capital.

[@kraka2oanIner]

Yes. Concisely put...common sense observation!

[@closethockeyfan5284]

Very simple: The affluent get nearly all the gains by design. Economists cannot collectively be this stupid to not understand what's happening, right?

[@Joffar]

Exactly.

[@tonedowne]

Many economists just do math, using broken models and ideology disguised as received wisdom. They don’t understand anything.

[@bootstraphan6204]

Many of them are... You don't need to be smart to be born into wealth.

[@AWildBard]

If economists are allowed to completely misunderstand the economy this much, they should come out and admit their ideology is essentially a religion they believe in based on faith. Facts and numbers are only abused to support their pre-existing opinions.

[@ultravioletiris6241]

Economists are quacks . Much closer to priest than scientist

[@plutonium83]

Before the pandemic I was a precarious technical worker, bouncing between temp jobs with long breaks in between. After the pandemic I started working in retail because they were the only ones hiring. I make more money now that I'm given consistent full time hours, but the work is grueling and stressful. I feel overqualified for my job every day. Despite the "booming" economy I still feel like I'm living in a recession

[@kraka2oanIner]

This aligns with the comment just above this one!

[@edwardb4730]

Capitalism is working exactly as intended

[@tonedowne]

Capitalism would be a dramatic step to the left from what exists now.

[@Damacles9]

Predatory crony capitalism within an oligarchy and three tiered injustice system: "Mission Accomplished!!"

[@coolmodelguy]

You know what never gets talked about? Yes, the economy as measured by GDP grew by a little over one trillion dollars in 2021. Stop right there. $1 trillion in GDP growth is about 5% on the plus side is good, but financial assets grew by 11.87%. So what is the big deal about that? Well now, GDP started at $18 trillion and made it to $19 trillion, while financial assets started at $104 trillion and grew to $118 trillion. So, GDP grows by $1 trillion. Financial assets grow by $13 trillion. BTW, Financial asset growth in 2021 equals 66.98% of GDP. Why do the pundits and economists NEVER mention this? We are being robbed blind people.

[@leighfoulkes7297]

I don't see this being different than any "Communist" country nor any other modern style government except Anarchy (no one has tried it). Until you can prevent an elite class from forming and monopolizing everything, nothing will change.

[@coolmodelguy]

@@leighfoulkes7297 - Spot on.

[@kenkunz1428]

If you are a Working Class person, the U.S. economy is always going to be awful.

[@monroefuches2707]

In the 60’s & 70’s, you could graduate high school and enter the middle class ina unionized manufacturing plant.

[@gking407]

@@monroefuches2707 correct and that’s when the wealthy governing types figured out unions need to go away

[@JakeSummers2424]

It was pretty good under Trump.

[@kenkunz1428]

@@JakeSummers2424 Lol it was awful!

[@LukeMcGuireoides]

The economy never sucks for the elites

[@mildredmartinez8843]

They just don't get it because they do not belong to the class that is bearing the brunt.

[@jessewood3196]

I either think they are cynical, and know what they are doing. Or they are materially comfortable so they can say Colbert-like things about how much they feel proud paying more for gas at the pump etc. Just so far removed from the paycheck to paycheck people. Or maybe a mix of both.

[@thecatsbackyard4833]

We should be asking: what is the purpose of an economy? Government is, ideally, a toolbox of public tools. The purpose of the economy tool is to mobilize resources for public wants and needs. Ours is a society with money and money has to be spent to mobilize people and resources. But... we can't sufficiently mobilize the tool of money when over half of that tool is being horded by the top ten percent.

[@coolmodelguy]

You know what never gets talked about? Yes, the economy as measured by GDP grew by a little over one trillion dollars in 2021. Stop right there. $1 trillion in GDP growth is about 5% on the plus side is good, but financial assets grew by 11.87%. So what is the big deal about that? Well now, GDP started at $18 trillion and made it to $19 trillion, while financial assets started at $104 trillion and grew to $118 trillion. So, GDP grows by $1 trillion. Financial assets grow by $13 trillion. BTW, Financial asset growth in 2021 equals 66.98% of GDP. Why do the pundits and economists NEVER mention this? We are being robbed blind people.

[@thecatsbackyard4833]

@@coolmodelguy Yeah, I think the greatest robbery is that America can't use it's own resources to solve problems. Also, Props to Biden for %5 a year after like %7 shrinkage.

[@reportwealth3941]

on point

[@russellgallman7566]

In November 2021, my transmission died on my service van. Between the cost of the new one and almost 6 weeks of rental car, that event cost me almost $8k. Keep in mind, on a good year I might get to save $5,500.00. So, that one event destroyed almost 2 years of savings. I am writing this in July 2022. Gasoline just came down under $4.00/gallon here in Georgia. My biz costs are increasing, and the overall biz has slowed down in a scary way. It's ugly for the people at the ground level. There is a lot of economic angst and anxiety floating around. People are annoyed and mega pissed off. I don't blame them.

[@hoffgoey]

Jen Pan doing yeoman's work... excellent content every week.

[@marynatimmylucyelsaleonie1031]

They do know. They don't care. They want it all for themselves and we are supposed to be the serfs.

[@robertmiller6444]

They want to take credit for job creation - maybe it has something to do with killing off those jobs in the first place by shutting the economy down, and that "miraculous job creation" is just recovering those jobs after allowing businesses to go back to work.

[@noheroespublishing1907]

Precarity is to the benefit of the Bourgeoise and the determent of the Working Class; the more precarious a working person is, the less likely they are to be able to organize against their station as a desperate cog in the machine just looking not to be thrown away.

[@MusicSoundPlayer]

Debts cycles don’t care who’s president

[@user-wi3yx3gy2o]

Most of the economic havoc is still focused on people born in the 70s or later, and especially on households with children, and on people born in the 80s, 90s and 2000s. Much of the problem is in the ratio of median wage/salaries hours relative to housing, medical expenses and insurance, and median college loans payments, and gas and other energy (recently). But those expenses are some of the primary living expenses.

[@marklampo8164]

Yeah, the elderly don't count and get to take the blame with the wheelchair and ventilators!

[@user-wi3yx3gy2o]

@@marklampo8164 There’s it’s always one. We’re talking statistics here. This is not to say that poor elderly aren’t poor. . This means that comparing median to median, 40-60 year olds make 30k more than 20-30 year olds now and that when 60-70 year olds were 20-30 they made 10,000 more than 20-30 year olds do now, in constant dollars.

[@palmereldritch_6669]

@@marklampo8164 They overwhelmingly vote GOP. They get blame for that.

[@chrisjackson3587]

excellent video, keep it up.

[@joepollock7253]

Nothing will fundamentally change..... Thanks status quo Joe

[@Damacles9]

Meanwhile, back on planet Earth.... GOP: the economic beatings will continue until moral and productivity improve!!!

[@joepollock7253]

@@Damacles9 you are winning......kinda like Charlie Sheen

[@JB-kn2zh]

To be fair, a global recession and World War III are pretty fundamental changes, and Joe seems about to stumble into both.

[@oshor09]

@@JB-kn2zh I have to imagine even the derpiest in Trump's fan club don't want someone with his unique personality making the final call on whether to send the nuke.

[@oshor09]

I'm a bit mad that apparently that $850 billion in annual military spending is just the retainer, a la carte order menu if they do anything more than drone a teen. But at least the president doesn't have 8 personality disorders and a god complex. But Biden isn't getting credit for the national Xanax shortages we've thus far avoided... thankless job.

[@vanessanorton455]

jobs like a bunch of part-time service industry jobs ?

[@bsmith8166]

Why is "job growth" even a good indicator of the economy? Shouldn't the metric be more about jobs that are fulfilling/rewarding? People shouldn't have to work if they don't want to. Just having jobs in a country doesn't mean that people are doing good, it just means that aristocrats have people laboring for them, but so what? Why is that the goal?

[@KenH60109]

Precisely. The measurements should be how high the quality of life is, how much the people are growing, how happy they are, how much expendable income they have, how much time they have, and how much of their needs and wants are met. Not job growth, that metric should’ve been job quality and access/

[@moumouzel]

Because it fucking does

[@christopherchilton-smith6482]

GDP and job growth get thrown around like that's suppose to accurately reflect the health of the economy. Economics is arbitrarily complex and I think the fact that it's been set up this way often leads those most educated in the field to believe the rest of us are just the most precious idiots.

[@kimmyp3275]

Those new jobs they created suck.

[@reportwealth3941]

percentage

[@coolmodelguy]

You know what never gets talked about? Yes, the economy as measured by GDP grew by a little over one trillion dollars in 2021. Stop right there. $1 trillion in GDP growth is about 5% on the plus side is good, but financial assets grew by 11.87%. So what is the big deal about that? Well now, GDP started at $18 trillion and made it to $19 trillion, while financial assets started at $104 trillion and grew to $118 trillion. So, GDP grows by $1 trillion. Financial assets grow by $13 trillion. BTW, Financial asset growth in 2021 equals 66.98% of GDP. Why do the pundits and economists NEVER mention this? We are being robbed blind people.

[@marklampo8164]

The lazy swine who can't handle a four hundred dollar emergency are sitting on almost two trillion bucks in cash, according to "banks." And the great depression was a media ploy to steal hard-won money from the victimized rich! Free cash to corporations, jack dogshit to the struggling Amazon drone with multiple injuries; socialism for the rich, rugged infividualism for the rest!

[@reportwealth3941]

awesome wayy to put it!

[@leighfoulkes7297]

If I ever got paid over 10 an hour, I was expected to work myself to death (physically) and for long hours too.

[@patricialongo5746]

The economy is fine, nothing can make it serve our needs. Nothing can stop it from killing and using us all.

[@AWildBard]

That reminds me of when people argue that we need to address the climate change problem to "save the Earth." The Earth will be fine. The dinosaurs went extinct, and life went on. Climate change is a problem for the humans that depend on a stable climate, not the Earth. As you say, the economy is fine, it's the humans that are suffering.

[@Damacles9]

Evolve or die, right? Bye bye, humanity.

[@coolmodelguy]

You know what never gets talked about? Yes, the economy as measured by GDP grew by a little over one trillion dollars in 2021. Stop right there. $1 trillion in GDP growth is about 5% on the plus side is good, but financial assets grew by 11.87%. So what is the big deal about that? Well now, GDP started at $18 trillion and made it to $19 trillion, while financial assets started at $104 trillion and grew to $118 trillion. So, GDP grows by $1 trillion. Financial assets grow by $13 trillion. BTW, Financial asset growth in 2021 equals 66.98% of GDP. Why do the pundits and economists NEVER mention this? We are being robbed blind people.

[@thirtyworld]

Other thing on interest rates is, if they're raised, that's a big blow given the record increase in consumer debt that CNBC recently reported on. So, fun!

[@jdcjr50]

War is far downstream from greed.

[@Damacles9]

*isn't

[@jdcjr50]

@@Damacles9 I mean that greed is the source of war, but it is nowhere near it.

[@hazelwray4184]

@@jdcjr50 At least you know what you mean.

[@jdcjr50]

@@hazelwray4184 I try.

[@reportwealth3941]

9 to 5 jobs are EXHAUSTING Americans!

[@user-wi3yx3gy2o]

Many people have equity in homes or stock or other substantial savings. But for the most part these are not really the capital class. There are very few where this equity could either earn them enough cash flow to constitute their main source of income if even pay more than $20,000 per year. This is the true capital class. But there are a lot more people who own one home, which for the most part is close to the minimum that they need, and maybe they have a hundred thousand in stock or so and they think they are making tens of thousands per year just because the equity on these things went up that much. But that is not the whole picture. The more it goes up, the less it is likely to return on a percentage basis in the future. And what does that mean of your modest first hone goes up in value? Nothing substantial to you really. But housing is also more expensive for your kids.

[@coolmodelguy]

You know what never gets talked about? Yes, the economy as measured by GDP grew by a little over one trillion dollars in 2021. Stop right there. $1 trillion in GDP growth is about 5% on the plus side is good, but financial assets grew by 11.87%. So what is the big deal about that? Well now, GDP started at $18 trillion and made it to $19 trillion, while financial assets started at $104 trillion and grew to $118 trillion. So, GDP grows by $1 trillion. Financial assets grow by $13 trillion. BTW, Financial asset growth in 2021 equals 66.98% of GDP. Why do the pundits and economists NEVER mention this? We are being robbed blind people.

[@user-wi3yx3gy2o]

@@coolmodelguy it’s all fake anyway. An asset’s value is how much cash it is expected to produce discounted by time and the risk factor or probability of those returns. A stock’s price is something else entirely. A stock’s price can double without any real increase in the known facts as they relate to future cash flows simply because the “marginal investors’” expectations of what those cash flows will be have gone up, or simply because they expect the stock price itself to go up and are either getting in being able to unload it at a higher price before any cash flows are realized, or are simply afraid of missing out.

[@coolmodelguy]

@@user-wi3yx3gy2o - Dumb it down for me. According to definitions: "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". The only way that these assets increase in value is when sold for a higher price, yes? If so, that means in 2021, over $13 trillion was spent increasing the value of financial assets. The money for these purchases did not come entirely out of profits or peoples savings, there is simply not enough of that to use for fueling these gains. Most of the money used for purchases came from corporate bond purchases and loans, which is the same thing as pulling money out of the future. Sooner or later, whatever fuel is being burned to produce this "wealth" is going to run dry and when that happens, all of us are screwed.

[@user-wi3yx3gy2o]

@@coolmodelguy The “value” of the stock market or of an index which is usually stated in the media and the total amount invested in the same stocks are two very different things. The price of each share of stock quoted in the stock market or in an index is multiplied by the number of each stock’s shares outstanding and then these are added together. A stock has a most recent or predictable immediate or near future market price (value in a sense). This is what is used to figure the “value” of the stock market. But only the most recent price is used, not each sales price of each individual share. The stick also has subjective value in the sense of what it means to you, like the minimum you would take to part with it, even if more or less than the market price. It has a fundamental value derived from assumption regarding its future cash flows. There is the price you expect to sell it for before future cash flows are realized. There are other ways if valuing anything. I was simply contrasting price and subjective value with fundamental value. And I was contrasting fundamental value with the price people expect to sell it for before cash flows are realized. Then everyone also has a different idea of what the assumption going into the fundamental value calculation should be vs even which calculations to use.

[@coolmodelguy]

@@user-wi3yx3gy2o - Thank you, that was useful. Still, this is a piss poor way to run an economy. Even if only a fraction of financial assets are traded in a year, even if the trading totals were less than 1/10th of the actual financial assets, that is more money than the economy generates in growth year over year. People are losing housing and health care over this financialized economic system, as the system extracts wealth from the majority of our population instead of adding to wealth. Also runs contrary to the intent of the Constitution, by undermining domestic tranquility and being the exact opposite of promoting the general welfare (welfare meaning the common good, not the new definition of sucking off the government teat).

[@mattnhormann]

After the way he trashed Bernie, I never want to hear from Paul Krugman again.

[@MusicSoundPlayer]

It looks good on paper?

[@coolmodelguy]

Sure it looks good on paper, but they never tell us the real truth behind our hurt. You know what never gets talked about? Yes, the economy as measured by GDP grew by a little over one trillion dollars in 2021. Stop right there. $1 trillion in GDP growth is about 5% on the plus side is good, but financial assets grew by 11.87%. So what is the big deal about that? Well now, GDP started at $18 trillion and made it to $19 trillion, while financial assets started at $104 trillion and grew to $118 trillion. So, GDP grows by $1 trillion. Financial assets grow by $13 trillion. BTW, Financial asset growth in 2021 equals 66.98% of GDP. Why do the pundits and economists NEVER mention this? We are being robbed blind people.

[@kinggrimm4338]

💯 percent inheritance tax

[@stevenzheng5459]

Well, the economy is always good for the elites. Like the Ferengis like to say: "War is good for business; peace is good for business."

[@garrylewis1868]

Insanely simple answer: because the economy is currently very good for the elites

[@kraka2oanIner]

We have: a NON-economy. The ROOT definition of the word "economy" is: "management of household". If the human species can't manage to treat the planet like a place to LIVE, or the HUMAN BODY, we on planet Earth shall always remain SICK or non-functional. War, chasing money, hoarding resources, and tribal choosing of "sides" won't solve human's basic problems. Threat of WAR hangs over our head, like a cancer. Closing our eyes to killing innocent civilians a third of the way across the planet is doing us NO GOOD... to "them" or ''us".

[@davidadams6945]

All I see are homeless people on the streets near where we live (in San Diego). Yesterday, I saw several women on the street, with children at their side, with signs asking for money for food. Not to mention many men screaming at the top of their lungs on street corners. Smells like urine when I walk by.

[@coolmodelguy]

That is because housing is a capital asset, which is expected to increase in value faster than wages grow. You know what never gets talked about? Yes, the economy as measured by GDP grew by a little over one trillion dollars in 2021. Stop right there. $1 trillion in GDP growth is about 5% on the plus side is good, but financial assets grew by 11.87%. So what is the big deal about that? Well now, GDP started at $18 trillion and made it to $19 trillion, while financial assets started at $104 trillion and grew to $118 trillion. So, GDP grows by $1 trillion. Financial assets grow by $13 trillion. BTW, Financial asset growth in 2021 equals 66.98% of GDP. Why do the pundits and economists NEVER mention this? This is the real reason people are going homeless, so that financial assets (like bank stocks) will continue to gain value. Pretty soon, none of us will have housing, they will all be owned by the wealthy.

[@collinwimbish4516]

Both things can be true. If we’re comparing to previously and during the Obama era, the economy growing faster than ever. But due to covid and supply chain constraints we have growing inflation negating the wage gains.

[@Bisquick]

Both things being true is a contradiction, so no they can't both be true. Both things being: "the economy is good" and also "the economy is not good". The whole point is the economy is "growing" through an MCM circuit (money -> commodity -> money) aka financial speculation (nice to have the US dollar as world reserve currency) and monopoly. The disparity of production with the correlation to monetary compensation continues to grow, the FIRE sector will inevitably continue to get more and more of the share because they are parasitic inherently and rely on rent extraction, we can defer to classical economics as to why such a rentier class must be abolished, the original conception of "free market" in classical econ meant a market free of _rent_ , as rent is by definition value extracted _without_ value produced and a clear contradiction to the justifying logic of the market, correctly recognized as a vestige of feudal social relations. _"Kelp was never augmented by human industry. The landlord, however, whose estate is bounded by a kelp shore of this kind, demands a rent for it."_ - Adam Smith, ch.11, Wealth of Nations _“In their perpetual confusion, some liberal critics conclude that foreign aid and IMF and World Bank structural adjustments ‘do not work’; the end result is less self-sufficiency and more poverty for the recipient nations, they point out. Why then do the rich member states continue to fund the IMF and World Bank? Are their leaders just less intelligent than the critics who keep pointing out to them that their policies are having the opposite effect? No, it is the critics who are stupid not the western leaders and investors who own so much of the world and enjoy such immense wealth and success. They pursue their aid and foreign loan programs because such programs do work. The question is, work for whom? Cui bono?”_ - Michael Parenti

[@luckystrike8547]

we need to band together as workers and overthrow the capitalist system! Housing for all, healthcare for all, basic needs distributed EVENLY!

[@crispy4306]

They know it sucks but how can you reset anything if it’s not broken beyond repair……….

[@garygrinkevich6971]

Buy or be sold; no one gets out alive.

[@stevenzheng5459]

I think the 9 to 5 job will be replaced by 996.

[@markmaurer6370]

Algorithm engagement engage

[@Damacles9]

YT: Shields up!! Red alert!!

[@RoobieRhoo]

The paper economy is booming. Biden's agenda is aimed at middle class jobs and a blow to Reaganonmics (neoliberalism) that caused a decline in the middle class and an increase in the elite class. We need to get back to pre 1980 economy where our debt remained steady near $3 trillion since WWII and the middle class flourished due to tax policies and a normal interest rate environment. The American middle class is among the most abused demographics on the planet.

[@nimzomitch]

Oh, they get it alright, they just don't care

[@rsync9490]

Because it doesn't suck for them. They are in a bubble.

[@JohnTaylor-fh4et]

Our current Economic reality is not a bug, it's a feature.

[@timpellemeier587]

Actually, considering the inflation factors (higher grain prices due to the Ukraine War and higher energy prices for the same reason) that are out of control from the Biden Administration and the reaction of the Fed (higher interest rates - that mostly address the domestic economy and not the mentioned causes of inflation) it is even a greater achievement for the Biden Administration that the economy is not in real dire straits.

[@spiritakarabbit369]

THE ONLY AND REAL ISSUE IS THAT PEOPLE STILL THINK MONEY IS A NECESSITY. AND ITS NOT AND SHOULD HAVE NEVER BEEN AND REALLY NEVER WAS. LEAVE THE ECONOMY AND GET BACK TO SIMPLE LIVING AND PROTECTING EACH OTHER FROM HARM AND OTHERS WHO WISH TO CONQUER THE FREEDOM OF ALL LIFE INCLUDING OUR ANIMAL COMPANIONS AND WILD LIFE. MONEY SHOULD NOT BE A NECESSITY, IT SHOULD BE TREATED AS AN EXTRA LIKE A VIDEO GAME NOT A NECESSITY.

[@Bisquick]

Indeed, as the perfect conclusion there gets at, asking the _only_ political question of cui bono? (who benefits?) cuts through the liberal veil of "good economy". Good _for whom_ and for what purpose? as Lenin appropriately queried with the nebulous notion of "freedom". "Freedom" for whom and what purpose? Reminded of Michael Parenti: _“In their perpetual confusion, some liberal critics conclude that foreign aid and IMF and World Bank structural adjustments ‘do not work’; the end result is less self-sufficiency and more poverty for the recipient nations, they point out. Why then do the rich member states continue to fund the IMF and World Bank? Are their leaders just less intelligent than the critics who keep pointing out to them that their policies are having the opposite effect? No, it is the critics who are stupid not the western leaders and investors who own so much of the world and enjoy such immense wealth and success. They pursue their aid and foreign loan programs because such programs do work. The question is, work for whom? Cui bono?”_

[@fintanparsons9741]

GDP fell 1.4%

[@calvinasu]

😬

[@norm1158]

Jobs that were there before the pandemic had shut them down. He didn’t create squat.

[@ga1actic_muffin]

She is cute

[@ExperienceLOS7713]

KRYSTAL BALL?!?!?! 😍

[@markmaurer6370]

She's on the second half of the show

[@JakeSummers2424]

More jobs yet me and all my friends have been fired and can't find new jobs... I guess we are back under government rules of lying speeches.

[@peterstafford4426]

It does not suck. That is the reason.

[@nothingtoseehere411]

Anybody pregnant up in here? Do you wanna be?????

[@AQuietNight]

I have asked a question, how much do illegals drive up housing costs? Millions of these people have entered illegally and are they absorbing housing to the point rents can be driven higher because of a tight housing market. Building more housing won't make a difference because it will not keep up with the constant flow of illegals. While it is easy to blame the 1%, the economy has many situations where the cost of living is higher due to bad policy, much of those policies voted in by the public.

[@ilianamarisolromero7816]

If you were an investor that owns land and housing, you see that there are more people that need housing, why in the fuck are you gonna drive the rent prices so high? Just to fill your pockets with obscene amounts of money at the peril of people, seeing them suffer??? that is fuckin insane about capitalism. there has got to be another way

[@AQuietNight]

@@ilianamarisolromero7816 If you have a building that remains unoccupied you will probably accept lower rent in order to gain revenue so you can at least pay your property taxes. The constant flow of illegals insures more renters than there is housing and this keep housing costs high. Plus you have to add costs like property taxes which is part of rental costs. Cities that are big spenders will have to get that money from somewhere and that somewhere is usually property taxes which every renter, home owner and business has to pay. In a time like this landlords can pocket some extra cash but you still have to take into account things like replacement costs, repairs and insurance and all those costs have gone up quite a bit.

[@coolmodelguy]

Illegals are not the reason for any of our financial distress. You know what never gets talked about? Yes, the economy as measured by GDP grew by a little over one trillion dollars in 2021. Stop right there. $1 trillion in GDP growth is about 5% on the plus side is good, but financial assets grew by 11.87%. So what is the big deal about that? Well now, GDP started at $18 trillion and made it to $19 trillion, while financial assets started at $104 trillion and grew to $118 trillion. So, GDP grows by $1 trillion. Financial assets grow by $13 trillion. BTW, Financial asset growth in 2021 equals 66.98% of GDP. Why do the pundits and economists NEVER mention this? We are being robbed blind people.

[@AQuietNight]

@@coolmodelguy I said they may be part of the problem for housing costs. You were not paying attention... and that is not Cool Model Guy.

[@coolmodelguy]

@@AQuietNight - Illegals have NO part in the price of housing, Were you not paying attention? Everything is driven by the ridiculous notion that profits can grow exponentially, thus feeding the growth in value for financial assets. The "illegals" narrative is part of a con job the wealthy have been pulling on us for half a century. You know what is cool? Having real knowledge through research. You have been conned into believing fakery, very not cool.