This is annoying. The graph only shows: "Source: Census Bureau, Federal Reserve, Bureau of Economic Analysis, IMF, Games of Trades." There is no link back to a report on bravosresearch.com (aka game of trades).
So using 2022 as a comparison point= Fed data shows total private+corp+public debt approx 2.5 x GDP, game of trades show 3.5 x GDP. I assume bravosresearch included selected financial sector debt in the x3.5. There must be a lot of bank loans to other non-bank financial sector companies (ie hedge funds). They service these debts adding to the income streams of banks, which then goes to the bank's shareholders.
I am interested in the link between US debt of all kinds and wealth inequality, they seem to follow the same historical pattern. As far I can see any level of debt is sustainable if the arbitrary rules of neoliberalism are broken. What is more important is who benefits from large levels of debt as % of GDP, and what they would do to keep the upward stream of wealth going. Assume high levels of debt of all types is an important mechanism of creating an ultra wealthy class, as interest payments tend to flow upwards. This class will do anything to keep their assets (the debt of others) secure.
Their nightmare is a democratic government which attempts to control the type of debt that impoverishes ordinary people by enabling deleveraging. Also naturally a government which gets more income from taxes on the very rich scares them. They do not series of reforms that FDR started in the 1930s. Trump is there to protect the assets (ie the debts of others) of the ultra wealthy from democracy. He was empowered to create MAGA to take over the GOP. His goal is to end the threat to the ultra wealthy by ending US democracy. That is the hypothesis anyway. So Yes Trump is a would be dictator and there is a deep economic reason for this. Hence hoping he will moderate his manifest intentions is pointless.
I think bravos research are including financial sector debt. How much this debt matters is a question I cannot answer.
I saw the Xitter post, but there were no sources or evidence.
Ideas ? -- b.rad
This is annoying. The graph only shows: "Source: Census Bureau, Federal Reserve, Bureau of Economic Analysis, IMF, Games of Trades." There is no link back to a report on bravosresearch.com (aka game of trades).
So using 2022 as a comparison point= Fed data shows total private+corp+public debt approx 2.5 x GDP, game of trades show 3.5 x GDP. I assume bravosresearch included selected financial sector debt in the x3.5. There must be a lot of bank loans to other non-bank financial sector companies (ie hedge funds). They service these debts adding to the income streams of banks, which then goes to the bank's shareholders.
I am interested in the link between US debt of all kinds and wealth inequality, they seem to follow the same historical pattern. As far I can see any level of debt is sustainable if the arbitrary rules of neoliberalism are broken. What is more important is who benefits from large levels of debt as % of GDP, and what they would do to keep the upward stream of wealth going. Assume high levels of debt of all types is an important mechanism of creating an ultra wealthy class, as interest payments tend to flow upwards. This class will do anything to keep their assets (the debt of others) secure.
Their nightmare is a democratic government which attempts to control the type of debt that impoverishes ordinary people by enabling deleveraging. Also naturally a government which gets more income from taxes on the very rich scares them. They do not series of reforms that FDR started in the 1930s. Trump is there to protect the assets (ie the debts of others) of the ultra wealthy from democracy. He was empowered to create MAGA to take over the GOP. His goal is to end the threat to the ultra wealthy by ending US democracy. That is the hypothesis anyway. So Yes Trump is a would be dictator and there is a deep economic reason for this. Hence hoping he will moderate his manifest intentions is pointless.
thanks for working on this ! — b.rad